The global fibrin sealants market size is anticipated to reach USD 1,156.6 million by 2026, displaying a CAGR of 6.6% during the forecast period. Rising prevalence of cardiovascular diseases (CVDs) worldwide is likely to play a vital role in driving the growth of this market in the coming years. According to estimates released by the World Health Organization (WHO), CVDs have become the number one cause of death globally, responsible for the death of over 17 million people around the world. These diseases are causing high mortality even in developed countries. For instance, the American College of Cardiology states that CVDs killed close to 840,768 Americans in 2016. CVDs are chronic in nature and eventually require invasive surgeries. Fibrin sealants are critical components in surgeries, especially those of the heart, as they are the most effective and efficient tissue adhesives available in the market. Thus, as the incidence of heart surgeries rises, the demand for fibrin glues will grow, as per the fibrin sealants market analysis.
The new Fortune Business Insights™ report, titled “Fibrin Sealants Market Size, Share & Industry Analysis, By Type (Liquid, and Patches) By Application (Orthopedic Surgery, Cardiovascular surgery, General Surgery, Transplant Surgery, and Others) By End User (Hospitals, Specialty Clinics, and Others) and Regional Forecast, 2019-2026”, states that the value of the market stood at USD 701.4 million in 2018. The report further shares the following information:
- Comprehensive analysis of the upcoming trends and prospects in the market;
- 360-degree evaluation of the factors driving and restraining market growth;
- Detailed research into the regional and competitive landscape influencing the market; and
- Careful study of the market segments.
For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/fibrin-sealants-market-100316
Growing Usage of Hemostats in Operative Procedures to Feed Market Growth
One of the top fibrin sealants market trends is the high demand and utilization of hemostats for surgeries. Hemostats, or clamps, are devices used in surgical procedures to control bleeding. They are widely employed in complex procedures, such as during cardiac surgeries, where utmost care needs to be taken. The demand for these devices is further bolstered by the fact that the number of heart surgeries in the world is escalating. A survey conducted by the American Hospital Association found that in 2014 approximately 17.2 million patients had to undergo invasive cardiac surgery in the US. Furthermore, increasing demand for these materials has prompted market players to innovate and launch new products. For example, Baxter unveiled its new Tisseel Prima Syringe, an ergonomic device that is fully assembled and much more convenient to use than its older variant, in November 2018.
Europe to Lead the Pack; North America to Exhibit Steady Growth
Europe is projected to lead the fibrin sealants market share among regions as the region generated a revenue of USD 276.3 million in 2018. The main factors propelling the market in the region include availability of advanced products and presence of cutting-edge healthcare research institutions. In North America, the market is expected to be driven by rising preference for minimally invasive surgeries along with increasing incidence of cardiac conditions in the region. Rising healthcare expenditure and evolving healthcare infrastructure, mainly in India and China, will be the key factors fueling the market in the region.
Introduction of Innovation Solutions to Spur Competition
Key players market are taking several efforts to establish and consolidate their position in this market, the fibrin glue market forecast says. The go-to strategy for companies is frequent launch of new products and collaborating with other competitors in the market.
More Trending Topics from Fortune Business Insights:
The global fibrin sealants market size is anticipated to reach USD 1,156.6 million by 2026, displaying a CAGR of 6.6% during the forecast period.
Rising prevalence of cardiovascular diseases (CVDs) worldwide is likely to play a vital role in driving the growth of this market in the coming years.
These diseases are causing high mortality even in developed countries.
For instance, the American College of Cardiology states that CVDs killed close to 840,768 Americans in 2016.
Fibrin sealants are critical components in surgeries, especially those of the heart, as they are the most effective and efficient tissue adhesives available in the market.
Thus, as the incidence of heart surgeries rises, the demand for fibrin glues will grow, as per the fibrin sealants market analysis.For more information in the analysis of this report, visit:https://www.fortunebusinessinsights.com/industry-reports/fibrin-sealants-market-100316Prominent Players Profiled in the Fibrin Sealants Market Report:Vivostat A/SJohnson & Johnson Services, Inc.CSL LimitedStrykerTakeda Pharmaceutical Company LimitedBaxterRequest a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/fibrin-sealants-market-100316The new Fortune Business Insights™ report, titled “Fibrin Sealants Market Size, Share & Industry Analysis, By Type (Liquid, and Patches) By Application (Orthopedic Surgery, Cardiovascular surgery, General Surgery, Transplant Surgery, and Others) By End User (Hospitals, Specialty Clinics, and Others) and Regional Forecast, 2019-2026”, states that the value of the market stood at USD 701.4 million in 2018.
The global coronary guidewires market size is projected to reach USD 594.8 million by 2026.
The increasing number of cardiovascular surgical procedures will create several opportunities for market growth.
According to a report published by Fortune Business Insights, titled “Coronary Guidewires Market Size, Share & Industry Analysis, By Material (Nitinol, Stainless Steel, and Others) By Coating (Coated and Non-Coated) By End User (Hospitals, Cardiac Catheterization Laboratories, and Others) and Regional Forecast, 2019-2026,” the market was worth USD 383.3 million in 2018 and will exhibit a CAGR of 5.7% during the forecast period, 2019-2026.Coronary guidewires are used to access areas of the human body that cannot be reached through incision.
These guidewires ensure that no neighbouring nerves are damaged and allow operations on the associated nerve.
Recent technological advancements in coronary guidewires, coupled with the increasing adoption of these products in cardiovascular surgical procedures, will aid the growth of the global market in the coming years.
Among all factors, the increasing number of regulatory clearances have mad the highest impact on the growth of the market in recent years.
According to IMARC Group’s latest report, titled “Hemostats Market Share: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the global hemostats market to continue its moderate growth during the next five years.Hemostats are the medical devices that compress blood vessels and reduce the flow of blood or other fluids.
They are majorly used during surgical procedures to control bleeding in patients.
Hemostatic agents enable faster wound healing, reduce operative time, enhance patient’s recovery, and help in treating anticoagulated patients.
Various surgical hemostatic agents are available based on different compositions, immunogenicity, and the mechanism of action, application and adherence.Request for a free sample copy of this report: https://www.imarcgroup.com/hemostats-market/requestsampleMarket TrendsThe growing prevalence of chronic blood-related disorders, cesarean deliveries, fatal injuries, organ surgeries, etc., is primarily driving the demand for hemostats to reduce blood loss.
Moreover, several technological advancements have led to the development of absorbable adjunctive hemostats that help in controlling disruptive bleeding more efficiently than the conventional devices.
Additionally, the growing utilization of nano- and micro-materials for treating uncontrolled hemorrhage and internal bleeding is also augmenting the market growth.
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