The increasing healthcare expenditure, surging geriatric population, and escalating popularity of plastic surgeries are some of the factors driving the growth of the surgical glue market. In 2017, the market generated a revenue of $3,810.5 million, and it is predicted to attain a size of $6,936.5 million by 2023, progressing at a CAGR of 10.6% during 2018–2023 (forecast period). Surgical glue refers to a synthetic or biological material used after traumatic injuries and surgeries to prevent liquid or air leakage in wounds.
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Based on type, the surgical glue market is classified into fibrin sealant, collagen-based compound, cyanoacrylate, hydrogel, and glutaraldehyde. Out of these, in 2017, the fibrin sealant classification held the largest revenue share of more than 45.0% in the market, and it is expected to continue leading it during the forecast period. This dominance is ascribed to the rising adoption of fibrin sealant and related products for a variety of applications and its natural origin; it is extracted from animal or human blood cells, thus is more compatible with humans.
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On the basis of end user, the surgical glue market is broadly categorized into hospitals and clinics. Of these, in 2017, the hospital category dominated the market with a revenue contribution of more than 80.0%, and it is anticipated to maintain its lead during the forecast period. This is attributed to the intricate major surgeries, including pulmonary, vascular, and cardiac, which are mainly performed in hospitals, as these healthcare centers can best provide patients undergoing such procedures with the high level of care they require over several days.
In addition, the worldwide population is exhibiting an increasing life expectancy and a fall in the birth rate, resulting in a surge in the geriatric population. Aged people, due to their low immunity levels, are more prone to infections during postsurgical procedures, therefore, there are high chances of repeated surgeries, which in turn, escalate the use of surgical glue. Yet another factor leading to the growth of the surgical glue market is the rise in the number of burn cases as burn wound treatment often involves the use of surgical glue.
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