Global Tissue Glue and Bio-Adhesive Sealants Market to Reach $2.3 Billion by 2024
Global revenues of tissue glue and bio-adhesive sealants will reach $2.3 billion by the end of 2024.
Global revenues of tissue glue and bio-adhesive sealants will reach $2.3 billion by the end of 2024, according to a recent report from Persistence Market Research. In 2015, the global sales of tissue glue and bio-adhesive sealants were recorded to exceed $1.1 billion. By end user, hospitals will dominate global revenues, as compared to specialty clinics and ambulatory surgical centers (ASCs). In terms of application, cardiovascular surgeries are expected to account for the highest revenue share.
Global consumption of fibrin sealants in 2016 is estimated to account for nearly $500 million in revenue. Compared to fibrin sealants, the collective revenues generated from sales of protein-based sealants and thrombin-based sealants in the global market are projected to secure over 40% value share by the end of 2024. Sales of collagen-based sealants and gelatin-based sealants are predicted to experience a slight dip over the forecast period.