Global Tissue Sealants Market Size (2024 - 2029)

Tissue Sealants Market Analysis

The tissue sealants market is expected to register a CAGR of 7% during the forecast period. 

The impact of COVID in its initial phase was adverse owing to cancellations of elective procedures including orthopedic surgeries, which hampered the market growth. For instance, an article titled "Effect of COVID-19 Pandemic on Orthopedic Surgery in Three Centers from Romania" published in the International Journal of Environmental Research and Public Health in February 2021 stated that the orthopedic specialty was one of the most severely affected because of the significant number of elective surgeries that were postponed and major surgeries with high resource demands. The orthopedic departments were transformed into COVID-19 facilities, and joint replacements in particular were stopped worldwide. It also stated that in March 2020, the Surgeon General canceled all elective surgeries in the United States of America. Therefore, COVID-19 hindered the studied market. However, as the virus affected the bone and joints of the patient, it significantly affected the manufacturing of orthopedics implants, tools, instruments, and routine ongoing research and development which is expected to boost the market growth in coming years.

In addition, the rising prevalence of joint and bone disorders around the world, technological advancements in cartilage repair/regeneration, and the rapid increase in the geriatric population are actively affecting the growth of the studied market.

According to the Organization for Ecothe nomic Co-operation and Development, September 2022 update, total knee replacement surgery conducted in 2020 was 169,116 in Germany, 61,909 in Italy, and 30,808 in United Kingdom. The high burden of knee replacement surgeries worldwide is predicted to augment the growth of tissue sealants in the coming years.

Furthermore, according to World Population Prospects 2022 report, the percentage of the population aged 65 years and over in Sub-Saharan Africa is 3.0 in 2022 and projected to be 3.3 in 2030, in Northern Africa and Western Asia it is estimated to be 5.5 in 2022, and projected to be 7.0 in 2030, in Central and Southern Asia it is estimated to be 6.4 in 2022 and projected to be 8.1 in 2030, and in Europe and Northern America, 18.7 in 2022 and projected to be 22.0 in 2030. Since bone injuries are more common in the geriatric population, the growth of the market is likely to increase as the population increases.

Additionally, the engagement of key market players and institutions in research and development in the field of tissue sealants is expected to augment the market growth. For instance, a clinical trial titled "Safety and Performance of a Synthetic Tissue Sealant in Reducing Fluid Leakage in Hepatobiliary and Pancreatic Surgery" was commenced on August 2020 and completed on April 2022. The trial was sponsored by Polyganics BV in collaboration with University Hospital-Eppendorf (UKE) Hamburg. The objective of the study was to evaluate the sealing device's efficacy in preventing bile and pancreatic juice leakage during hepato-pancreato-biliary (HPB) surgery. The rising clinical trial activities for the development of innovative solutions are projected to augment the market growth.

The advancements in technology and increasing,g product approvals, along with partnerships and acquisitions by key players are helping in the market growth. For instance, in December 2021, BD (Becton, Dickinson and Company) acquired Tissuemed, Ltd., a privately held firm that is involved in developing self-adhesive surgical sealant films. Such developments are anticipated to augment the market growth.

Therefore, owing to the aforementioned factors the studied market is anticipated to witness growth over the analysis period. however, high costs of cartilage repair procedures and reimbursement issues are likely to impede the market growth.

Tissue Sealants Industry Segmentation

As per the scope of the report, tissue sealants are agents with a clot-promoting activity that halts bleeding from injury or during surgery. The Tissue Sealants Market is segmented by Type of Sealant (Fibrin Sealants, Gelatin and Thrombin Mixtures, Polyethylene Glycol Polymers, Cyanoacrylates, Albumin, and Glutaraldehyde Tissue Sealants, and Other Types of Sealants), Application (Orthopedic, Cardiac Surgeries, Urology, Neuro Surgery, Dentistry, and Others), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above segments.