Further,
for the in-depth analysis, the report encompasses the industry growth
indicators, restraints, supply and demand risk, along with detailed discussion
on current and future market trends that are associated with the growth of the
market.
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The
global fibrin sealants market to grow with a CAGR of ~10% over the forecast
period, i.e., 2023 - 2033. The market is segmented by application into general
surgery, cardiovascular surgery, thoracic surgery, orthopedic surgery,
transplant surgery, neurosurgery, dental surgery, wound management, and others.
Out of these, the cardiovascular surgery segment is anticipated to grow at the
highest rate during the forecast period owing to the rising prevalence of
cardiovascular diseases along with growing number of cardiovascular surgeries that
are being conducted across the globe.
The
global fibrin sealants market is estimated to extensively grow owing to the
growing prevalence of hemophilia cases, followed by the continuous increase in
orthopedic surgeries as the treatment of the musculoskeletal system is the main
focus of orthopedic surgery. Besides this, worldwide growing aged population,
and globally escalating healthcare spending are some of the major factors
anticipated to drive the growth of the market in the forecast period.
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report visit: https://www.researchnester.com/reports/fibrin-sealants-market/4466
Geographically,
the global fibrin sealants market is segmented into five major regions
comprising of North America, Europe, Asia Pacific, Latin America, and Middle
East & Africa. The market in the North America region is estimated to
witness significant growth over the forecast period owing to the increasing
prevalence of cardiovascular diseases, presence of advanced healthcare
structure, and upsurge in surgical processes in the region.
The
research is global in nature and covers detailed analysis on the market in
North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain,
Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden,
Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America
(Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India,
Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand,
Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE,
Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East
and Africa). In addition, analysis comprising market size, Y-O-Y growth &
opportunity analysis, market players’ competitive study, investment opportunities,
demand for future outlook etc. has also been covered and displayed in the
research report.
Worldwide
Increase in Surgical Processes to Drive the Market Growth
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According to World Health Organization
report, millions of people undergo surgical treatment each year, with surgical
intrusions accounting for roughly 13% of global total disability-adjusted life
years (DALYs).
The
underlying concept behind surgery is the physical intervention of organs, organ
systems, and tissues for either diagnostic or therapeutic purposes. Generally,
a technique is termed surgical whenever it includes cutting into a person's
tissues or stitching up an already existing incision. Surgery is recurrently
the only treatment that eases disability and lower the probability of dying
from prevalent diseases. So, the increasing stances of severe injuries and chronic
diseases are immensely fueling up the ratio of surgical procedures. In this way,
the rising surgical processes are accelerating the global fibrin sealants
market growth.
However, governments’
rigorous regulation for approving sealants, postponement of surgical procedures
as a result of COVID-19 constraints, and restrictions related to the usage of
fibrin sealants in minimally invasive surgeries are expected to operate as key
restraint to the growth of the global fibrin sealants market over the forecast
period.
This
report also provides the existing competitive scenario of some of the key
players of the global fibrin sealants market which includes company profiling
of Takeda Pharmaceutical Company Limited, Grifols S.A., Stryker Corporation, Homarus
Therapeutics Limited, CSL Limited, Baxter International, Inc., Pfizer Inc.,
Asahi Kasei Corporation, Vivo stat A/S, Octa pharma AG, and others. The
profiling enfolds key information of the companies which encompasses business
overview, products and services, key financials and recent news and
developments. On the whole, the report depicts detailed overview of the global
fibrin sealants market that will help industry consultants, equipment
manufacturers, existing players searching for expansion opportunities, new
players searching possibilities and other stakeholders to align their market
centric strategies according to the ongoing and expected trends in the
future.
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