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Surgical Sealants & Adhesives Market Size, Share, Trends, Analysis, Report and Forecast to 2022

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According to Stratistics MRC, the Global Surgical Sealants & Adhesives Market is expected to grow from $1.68 billion in 2016.

GAITHERSBURG, MARYLAND, US, May 3, 2017 /EINPresswire.com/ -- According to Stratistics MRC, the Global Surgical Sealants & Adhesives Market is expected to grow from $1.68 billion in 2016 to reach $3.28 billion by 2022 with a CAGR of 11.7 %. The factors favouring the growth of the market are increasing number of surgical procedures and raising demand for technological advanced products with FDA and CE mark approvals. In addition, insufficient reimbursements, huge costs involved in clinical data requirement in launching and designing new products are some factors hindering the market.

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Based on the Product segment, fibrin sealants is the fastest growing segment as it has various applications in medical areas and also has got FDA approved to its products and can be used in haemostats, sealants and adhesives compared to other sealants. Furthermore, based on the application segment, cardiovascular segment leads the market globally as the demand for cardiovascular surgeries such as open heart surgery, heart transplantation procedures are increasing. North America has acquired highest growth rate in surgical sealants & adhesives market as new medical technologies are emerging in this region.

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Some of the key players in Surgical Sealants & Adhesives Market are Medtronic PLC, Sanofi Group, Sealantis Ltd., Cohera Medical Inc., Johnson & Johnson, Baxter International Inc., Cryolife Inc., B. Braun Melsungen AG, C.R. Bard Inc., Vivostat A/S, Ocular Therapeutix Inc., Ethicon Inc., Mallinckrodt PLC, Cardinal Health, and Integra LifeSciences Holdings Corporation.

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