Fibrin Sealants Market Insights : to Surpass USD 1.1 Billion Revenue by 2032, a CAGR of 7.8% Predicted
The fibrin sealants market size was valued at $550 million in 2022, and estimated to reach $1.1 billion by 2032, growing at a CAGR of 7.8% from 2023 to 2032.
WILMINGTON, DELAWARE , UNITED STATES, March 21, 2024 /EINPresswire.com/ -- Allied Market Research published a report, titled,β―βFibrin Sealants Market by Dosage Form (Liquid, Patch, Powder), Application (General Surgery, Cardiovascular Surgery, Wound Management, Orthopedic Surgery, Urological Surgeries, Ophthalmic Surgeries, and Others), and End User (Hospitals, Ambulatory Surgical Centers and Clinics): Global Opportunity Analysis and Industry Forecast, 2022-2032.".β―According to the report, the Global Fibrin Sealants Market was valued at $0.55 billion in 2022 and is estimated to reach $1.1 billion by 2032, exhibiting a CAGR of 7.8% from 2023 to 2032.
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The growth of the Fibrin Sealants Market has been notable due to a rise in general surgeries, an increase in the elderly population susceptible to injuries and surgeries, and a surge in the prevalence of chronic diseases.
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The Fibrin Sealants Market experienced a moderate impact from the global recession. High inflation rates and economic uncertainty have caused financial challenges for fibrin sealant manufacturers. Nevertheless, the market is anticipated to rebound due to the widespread adoption of fibrin sealants, particularly liquid variants.
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In 2022, the patch segment dominated the Fibrin Sealants Market, comprising over half of the revenue, primarily due to the extensive use of patch fibrin sealants in general surgeries.
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In 2022, the hospitals segment commanded the largest market share in the Fibrin Sealants Market, representing over half of the revenue, attributed to the rising number of surgeries exclusively performed within hospital environments.
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In 2022, the North America segment dominated the Fibrin Sealants Market, capturing nearly half of the revenue, driven by the significant presence of leading players in the region and widespread adoption of fibrin sealants. However, the Asia-Pacific segment is anticipated to achieve the highest compound annual growth rate (CAGR) throughout the forecast period, fueled by the ongoing enhancement of healthcare infrastructure, heightened awareness among healthcare professionals, and the introduction of innovative brands in countries like India and China.
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- https://www.alliedmarketresearch.com/purchase-enquiry/A31579
The report offers an in-depth analysis of the key players operating in the Fibrin Sealants Market. These players have implemented various strategies, including product launches, agreements, and collaborations, to bolster their market presence and sustain leading positions across diverse regions. The report proves instrumental in delineating business performance, operational segments, product offerings, and strategic maneuvers of market participants, thereby illustrating the competitive landscape effectively.
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Baxter international inc.
Becton, Dickinson and Company
Corza Medical
CSL Behring
Grifols, s.a.
Hemarus Therapeutics Ltd.
Johnson and Johnson
Nordson Corporation (Nordson Medical)
Shanghai Raas Blood Products Co. Ltd
Vivostat A/S
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ππ₯π¨π―ππ¬ π¦ππ«π€ππ https://www.alliedmarketresearch.com/gloves-market-A08867
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David Correa
Allied Market Research
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