How Is The Surgical Sealants And Adhesives Market Creating More Value From M&A?
The Business Research Company’s Surgical Sealants And Adhesives Market 2022 - Opportunities And Strategies – Global Forecast To 2031
LONDON, GREATER LONDON, UK, October 25, 2022 /EINPresswire.com/ -- Companies in the surgical sealants and adhesives market are focusing on mergers and acquisitions to expand their product offerings and increase their market share. Top companies in the market are strategically acquiring start-ups and mid-sized companies to increase their profits and curb competition. For instance, Advanced Medical Solutions, a UK-based company, acquired Sealantis for an amount of nearly $25m. The acquisition significantly strengthens the company’s product portfolio for internal sealants and fixation devices, sitting alongside AMS's liquiBandFix8, laparoscopic, and liquiBandFix8 open fixation devices. Sealantis is an Israeli-based company that has developed a wide range of surgical indications and holds patents for alga-mimetic sealant technology. Also, in December 2021, BD, a US-based medical technology company that manufactures and sells medical devices, instrument systems, and reagents, acquired Tissuemed, Ltd. for an undisclosed amount. This acquisition complements BD's core portfolio, adding an innovative, broadly applicable surgical sealant to a suite of BD bio-surgery products. Tissuemed Ltd. is a UK-based medical technology company that develops tissue-based therapeutic devices and bioadhesive films used in surgeries.
Read more on the Global Surgical Sealants And Adhesives Market Report
https://www.thebusinessresearchcompany.com/report/surgical-sealants-and-adhesives-market
The global surgical sealants and adhesives market size is expected to grow from $2.21 billion in 2021 to $3.29 billion in 2026 at a rate of 8.3%. The global surgical sealants and adhesives market share is expected to grow at a CAGR of 10.9% from 2026 and reach $5.52 billion in 2031.
An increase in the geriatric population around the world is expected to contribute to the growth of the surgical sealants and adhesives market. The geriatric population naturally develops multiple health problems and other issues that require surgeries, which in turn will increase the demand for surgical sealants and adhesives. According to the World Health Organisation, by 2030, 1 in 6 people in the world will be aged 60 years or above, which means the population aged 60 years and above will increase from 1 billion in 2020 to 1.4 billion. By 2050, the world’s population of people aged 60 years and older will double by 2.1 billion. The number of people aged 80 years or older is expected to triple between 2020 and 2050 to reach 426 million. Therefore, the increase in the geriatric population will promote the growth of the surgical sealants and adhesives market.
Major players covered in the global surgical sealants and adhesives industry are Baxter International Inc, Johnson & Johnson (Ethicon, Inc.), B.Braun Melsungen AG, CSL Ltd., Becton Dickinson & Company (C.R. Bard Inc.).
TBRC’s surgical sealants and adhesives market report is segmented by product into biological sealants, synthetic sealants, semi-synthetic sealants, synthetic sealants, semi-synthetic sealants, by indication into tissue sealing, tissue engineering, hemostasis, by end-use into hospital, clinics, other end-uses.
Surgical Sealants And Adhesives Market 2022 – By Product (Biological Sealants, Synthetic Sealants, Semi-Synthetic Sealants), By Indication (Tissue Sealing, Tissue Engineering, Hemostasis), By End Use (Hospital, Clinics), And By Region, Opportunities And Strategies – Global Forecast To 2031 is one of a series of new reports from The Business Research Company that provides a surgical sealants and adhesives market overview, forecast surgical sealants and adhesives market size and growth for the whole market, surgical sealants and adhesives market segments, geographies, surgical sealants and adhesives market trends, surgical sealants and adhesives global market drivers, restraints, leading competitors’ revenues, profiles, and market shares.
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