Global Fibrin Glue Market Insights, Key Players, Growth Drivers and Future Scope

Press Release

The fibrin glue market size is projected to grow during the forecast period (2017–2023) at a CAGR of 10.9% owing to the surging number of burn cases and surgical procedures and increasing healthcare expenditure. In addition, the growing prevalence of chronic diseases, increasing geriatric population, and rising road accidents are supporting to market advance. Fibrin glue is a kind of tissue adhesive extracted from a human or animal source, which is primarily used for healing wounds, coagulating the blood, tackling hemorrhage, and sealing tissues.

On the basis of application, the fibrin glue market is broadly categorized into general, vascular, cardiac, and pulmonary surgery. Out of these, during the historical period (2013–2016), the cardiac surgery category dominated the market in terms of revenue, and it is predicted to maintain its dominance during the forecast period. This is attributed to the rising incidence of cardiovascular diseases across the globe, which is further leading to the increasing number of cardiovascular surgical procedures. Cardiac surgery includes surgical treatment for different heart diseases.

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According to a report of the U.K. Office for National Statistics (ONS), in 2014, the total healthcare expenditure stood at $297.8 billion. Owing to the changing lifestyle and poor availability of care, the prevalence of chronic diseases and lifestyle-associated diseases, such as respiratory diseases, cancer, and heart diseases, is rising, leading to the surging volume of surgeries, which, in turn, is resulting in the growth of the fibrin glue market. As per the CDC, in 2012, around 117.0 million people in the U.S. were diagnosed with one or more chronic health conditions.

By Application

  • Cardiac surgery
  • General Surgery
  • Vascular surgery
  • Pulmonary surgery
  • Neurosurgery
  • Lacerations of liver and spleen
  • Burn bleeding
  • Orthopaedic surgery
  • Plastic surgery
  • Wound management
  • Others

By Geography

  • North America Fibrin Glue Market
    • By Application
    • By Country – The U.S. and Canada
  • Europe Fibrin Glue Market
    • By Application
    • By Country – Germany, France, the U.K., Italy, Spain and Rest of Europe
  • Asia-Pacific Fibrin Glue Market
    • By Application
    • By Country – Japan China, India and Rest of Asia-Pacific
  • Latin America Fibrin Glue Market
    • By Application
    • By Country – Brazil, Mexico and Rest of Latin America
  • Middle East & Africa (MEA) Fibrin Glue Market
    • By Application

This post was originally published on Financial Sector

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