Fibrin Sealants Market Is Expected to Generate $2.6 Billion by 2031: Allied Market Research

Surge in the geriatric population that is prone to chronic diseases drive the global fibrin sealants market. The outbreak of the COVID-19 pandemic had a negative impact on the growth of the global fibrin sealants market, as a huge number of medical colleges and hospitals across the globe were reconstructed to increase hospital capacity for patients diagnosed with COVID-19. Based on region, North America held the largest share in 2021.


Portland, OR, Nov. 10, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global fibrin sealants market garnered $1.1 billion in 2021, and is estimated to generate $2.6 billion by 2031, manifesting a CAGR of 9.5% from 2022 to 2031. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market.

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Report coverage & details:

Report Coverage Details
Forecast Period 2022­–2031
Base Year 2021
Market Size in 2021 $1.1 billion
Market Size in 2031 $2.6 billion
CAGR 9.5%
No. of Pages in Report 248
Segments covered Dosage form, application, end user, and Region.
Drivers Surge in the geriatric population that is prone to chronic diseases
Rise in the prevalence of diseases such as gastric diseases, heart attack, atherosclerosis disease, ischemic stroke, aneurysms, tumors, blood clot in the brain, cancer, myocardial infarction, arrhythmia, and others
Increase in blockages of a blood vessel in heart, brain, kidney, and liver
Rise in sports injuries and road accidents
Surge in general surgery, cardiovascular surgery, central nervous system surgery, cosmetic surgery, orthopedic surgery, and ophthalmic surgeries
Opportunities Unmet medical demands in developing countries
Strategies among key players such as acquisition, collaboration, and agreement
Restraints Unfavorable reimbursements
High costs associated with fibrin sealant products

Covid-19 Scenario:

  • The outbreak of the COVID-19 pandemic had a negative impact on the growth of the global fibrin sealants market, as a huge number of medical colleges and hospitals across the globe were reconstructed to increase hospital capacity for patients diagnosed with COVID-19.
  • Many patients who were prone to chronic diseases avoided regular visits in the clinic in order to follow the social distancing norms implemented by governments across various nations.
  • Nevertheless, the market has already recovered in the post-pandemic and is expected to grow immensely in the years to come.

The research provides detailed segmentation of the global fibrin sealants market based on dosage form, application, end user, and region. The report discusses segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize according to the highest revenue-generating and fastest-growing segments mentioned in the report.

Based on dosage form, the patch segment held the highest share in 2021, accounting for more than half of the global fibrin sealants market, and is expected to continue its leadership status during the forecast period. However, the liquid segment is expected to register the highest CAGR of 9.8% from 2022 to 2031.

Based on application, the ophthalmic surgeries segment is expected to manifest the highest CAGR of 11.3% from 2022 to 2031. The report also discusses segments including general surgery, cardiovascular surgery, wound management, orthopedic surgery, urological surgeries, and others.

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Based on end user, the hospital segment accounted for the highest share in 2021, holding nearly three-fifths of the global fibrin sealants market, and is expected to continue its leadership status during the forecast period. However, the clinic segment is estimated to grow at the highest CAGR of 9.8% during the forecast period.

Based on region, North America held the largest share in 2021, contributing to more than two-fifths of the global fibrin sealants market share, and is projected to maintain its dominant share in terms of revenue in 2031. On the other hand, the Asia-Pacific region is expected to manifest the fastest CAGR of 10.6% during the forecast period. The research also analyzes regions including Europe & LAMEA.

Leading market players of the global fibrin sealants market analyzed in the research include Baxter International Inc., Becton, Dickinson and Company, Corza Medical, CSL Behring, Grifols, hemarus therapeutics ltd., Johnson and Johnson, Nordson Corporation (Nordson Medical), Shanghai RAAS Blood Products Co., Ltd., vivostat a/s.

The report provides a detailed analysis of these key players of the global fibrin sealants market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. 

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