Pune, Feb. 04, 2020 (GLOBE NEWSWIRE) -- The global Fibrin Sealants Market size is anticipated to reach USD 1,156.6 million by 2026, displaying a CAGR of 6.6% during the forecast period. Rising prevalence of cardiovascular diseases (CVDs) worldwide is likely to play a vital role in driving the growth of this market in the coming years. According to estimates released by the World Health Organization (WHO), CVDs have become the number one cause of death globally, responsible for the death of over 17 million people around the world. These diseases are causing high mortality even in developed countries. For instance, the American College of Cardiology states that CVDs killed close to 840,768 Americans in 2016. CVDs are chronic in nature and eventually require invasive surgeries. Fibrin sealants are critical components in surgeries, especially those of the heart, as they are the most effective and efficient tissue adhesives available in the market. Thus, as the incidence of heart surgeries rises, the demand for fibrin glues will grow, as per the Fibrin Sealants Market analysis.
For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/fibrin-sealants-market-100316
The new Fortune Business Insights™ report, titled “Fibrin Sealants Market Size, Share & Industry Analysis, By Type (Liquid, and Patches) By Application (Orthopedic Surgery, Cardiovascular surgery, General Surgery, Transplant Surgery, and Others) By End User (Hospitals, Specialty Clinics, and Others) and Regional Forecast, 2019-2026”, states that the value of the market stood at USD 701.4 million in 2018. The report further shares the following information:
- Comprehensive analysis of the upcoming trends and prospects in the market;
- 360-degree evaluation of the factors driving and restraining market growth;
- Detailed research into the regional and competitive landscape influencing the market; and
- Careful study of the market segments.
Growing Usage of Hemostats in Operative Procedures to Feed Market Growth
One of the top Fibrin Sealants Market trends is the high demand and utilization of hemostats for surgeries. Hemostats, or clamps, are devices used in surgical procedures to control bleeding. They are widely employed in complex procedures, such as during cardiac surgeries, where utmost care needs to be taken. The demand for these devices is further bolstered by the fact that the number of heart surgeries in the world is escalating. A survey conducted by the American Hospital Association found that in 2014 approximately 17.2 million patients had to undergo invasive cardiac surgery in the US. Furthermore, increasing demand for these materials has prompted market players to innovate and launch new products. For example, Baxter unveiled its new Tisseel Prima Syringe, an ergonomic device that is fully assembled and much more convenient to use than its older variant, in November 2018.
Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/fibrin-sealants-market-100316
Europe to Lead the Pack; North America to Exhibit Steady Growth
Europe is projected to lead the Fibrin Sealants Market share among regions as the region generated a revenue of USD 276.3 million in 2018. The main factors propelling the market in the region include availability of advanced products and presence of cutting-edge healthcare research institutions. In North America, the market is expected to be driven by rising preference for minimally invasive surgeries along with increasing incidence of cardiac conditions in the region. Rising healthcare expenditure and evolving healthcare infrastructure, mainly in India and China, will be the key factors fueling the market in the region.
Introduction of Innovation Solutions to Spur Competition
Key players market are taking several efforts to establish and consolidate their position in this market, the fibrin glue market forecast says. The go-to strategy for companies is frequent launch of new products and collaborating with other competitors in the market.
Industry Developments:
- June 2019: The Spanish pharmaceutical giant, Grifols, announced that it has received 510 (k) approval from the US FDA to market the fibrin glue, Vistaseal, in the US. Grifols developed the sealant and will market it with its partner, Ethicon, under their 10-year collaboration agreement signed in 2017.
- December 2019: New Jersey-based Johnson & Johnson’s subsidiary, Ethicon, launched its fibrin sealant, Vistaseal, for controlling bleeding during surgeries. The offering is unique because it is the first-of-its-kind sealant that is designed to be sprayed without gas for minimally invasive procedures.
Prominent Players Profiled in the Fibrin Sealants Market Report:
- Vivostat A/S
- Johnson & Johnson Services, Inc.
- CSL Limited
- Stryker
- Takeda Pharmaceutical Company Limited
- Baxter
Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/fibrin-sealants-market-100316
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Technological Advancements in Fibrin Sealants Market
- New Product Launches by Key Players
- Key Industry Developments: Mergers, Acquisitions & Partnerships
- Overview of Regulatory Scenario - Key Countries
- Prevalence of Major Surgical Procedures for Key Countries
- Trends of Usage of Fibrin Sealants
- Global Fibrin Sealants Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Type
- Liquid
- Patches
- Market Analysis, Insights and Forecast – By Application
- Orthopedic Surgery
- Cardiovascular Surgery
- General Surgery
- Transplant Surgery
- Others
- Market Analysis, Insights and Forecast – By End-user
- Hospitals
- Specialty Clinics
- Others
- Market Analysis, Insights and Forecast – By Country
- North America
- Europe
- Asia Pacific
- Rest of the World
Request for Customization: https://www.fortunebusinessinsights.com/enquiry/customization/fibrin-sealants-market-100316
Have a Look at Related Reports:
Advanced Wound Care Market Size, Share and Global Trend By Product (Advanced Wound Dressings, Wound Care Devices & Active Wound Care), Indication (Diabetic Foot Ulcers, Pressure Ulcers, Surgical Wounds, Others), End User and Geography Forecast till 2025
Hemostatic Agents Market Size, Share and Global Trend By Product Type (Active Hemostats, Passive Hemostats, Combination Hemostats), Application (Trauma, Cardiovascular Surgery, General Surgery, Plastic Surgery, Orthopedic Surgery & Neurosurgery), End User (Hospitals, Ambulatory Surgical Centers, Tactical Combat Casualty Care Centers) and Geography Forecast till 2025
Active Wound Care Market Size, Share and Global Trend by Product Type (Biological Skin Equivalents, Growth Factors, Biological Dressings), Indication (Diabetic Foot Ulcers, Pressure Ulcers, Lower Limb Ulcers), End User (Hospitals, Clinics, Home Care Settings) and Geography Forecast till 2025
Wound Care Devices Market Size, Share and Global Trend By Product Type (Negative Pressure Wound Therapy (NPWT), Hyperbaric Oxygen Therapy (HBOT), Extracorporeal Shock Wave Therapy (ESWT)), Indication (Diabetic Foot Ulcers, Pressure Ulcers, Surgical Wounds), End Users (Hospitals, Clinics, Home Care Settings) and Geography Forecast till 2025
Immunodiagnostics Market Size, Share and Industry Analysis By Product Instruments, Reagents & Consumables), By Application (Oncology & Endocrinology, Hepatitis & Retrovirus, Cardiac Markers, Infectious Diseases), By End user (Clinical Laboratories, Hospitals, Physician’s Offices), By End-user(Hospitals, Dental Clinics, Academic & Research Institutes) and Regional Forecast, 2019 – 2026
Multiple Sclerosis Drugs Market Size, Share and Industry Analysis By Drug Class (Immunomodulatory, Immunosuppressant, Interferons, Others), By Route of Administration (Oral, Injection), By Distribution Channels (Hospital Pharmacy, Retail Pharmacy, Online Stores), and Regional Forecast 2019-2026
Orthobiologics Market Size, Share and Industry Analysis by Product Type (Viscosupplements, Bone Growth Stimulators, Demineralized Bone Matrix, Synthetic Bone Substitutes, Stem Cells, Allografts), By Application (Spinal Fusion, Maxillofacial & Dental, Soft Tissue Repair, Reconstructive & Fracture Surgery), By End User (Hospitals, Ambulatory Surgical Centers, Speciality Clinics), and Regional Forecast 2019-2026
Parkinson’s Disease Drugs Market Size, Share and Industry Analysis By Drug Class (Decarboxylase Inhibitors, Dopamine Agonists, Monoamine Oxidase Type B (MAO-B) Inhibitor, Catechol-O-Methyltransferase (COMT) Inhibitors), Route of Administration (Oral, Injection, Transdermal), Distribution Channels (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy) & Regional Forecast, 2019 – 2026
Pulse Oximeters Market Size, Share and Industry Analysis By Product Type (Fingertip Oximeters, Handheld Oximeters, Tabletop Oximeters) By End User (Hospitals, ASCs and Clinics, Home Healthcare) and Regional Forecast, 2018 - 2025
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
LinkedIn | Twitter | Blogs
Press Release https://www.fortunebusinessinsights.com/press-release/fibrin-sealant-market-9552