Increased Need is Growing the Surgical Adhesives and Sealants Market
The global surgical adhesives and sealants market is estimated to reach $2.64 billion by 2020, growing at a compound annual growth rate (CAGR) of 9.2% during the forecast period (2015 to 2020), according to a new market research report from MarketsandMarkets.
The surgical adhesives and sealants market witnessed healthy growth during the last decade, reportedly due to the increasing surgical applications of surgical sealants and adhesives, growing need to manage blood loss, greater uptake of technologically advanced products, rising aging population, and increasing regulatory approvals. However, the high cost and huge amount of clinical data required to launch new products are restraining the market’s growth.