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Global Fibrin Sealants Market to reach USD XX billion by the end of 2030

Global Fibrin Sealants Market Size study & Forecast, by Dosage Forms (Liquid, Patch, Powder), by Application (General Surgery, Cardiovascular Surgery, Wound Management, Orthopedic Surgery, Urological Surgeries, Ophthalmic Surgeries, Others), by End User (Hospitals, Ambulatory Surgical Centers, Clinics) and Regional Analysis, 2023-2030

Product Code: HLSMDE-29676140
Publish Date: 10-03-2024
Page: 200

Global Fibrin Sealants Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% during the forecast period 2023-2030. Fibrin sealants are biological adhesives or glues composed of fibrinogen and thrombin; two proteins involved in the blood clotting process. These sealants are used in various medical applications to promote tissue adhesion, hemostasis (stopping bleeding), and wound healing. The combination of fibrinogen and thrombin mimics the final stages of the natural blood clotting cascade, leading to the formation of a stable fibrin clot. The key factors driving the market growth are the rise in the number of surgical procedures, the growing geriatric population, and the rising incidence of chronic diseases.

Additionally, with an aging population, there is an increased prevalence of age-related health conditions that still require surgical interventions. Fibrin sealants are often used in surgeries involving elderly patients, further driving the market growth. According to the World Bank, 9% of the total population aged 65 and older lived in the world in 2016, and in 2021 the rate reached 10%. As a result, the rising old age population is anticipated to support the market growth. Moreover, growing awareness among healthcare professionals about the benefits of fibrin sealants in surgical procedures, and growing product innovations and development is anticipated to create lucrative opportunities for the market. However, the high cost of fibrin sealants and the availability of alternate products stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Fibrin Sealants Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the growing number of surgical procedures, including cardiovascular surgeries, orthopedic surgeries, and general surgeries, ongoing advancements in the development of fibrin sealant products, and presence of key market players. Whereas, the Asia Pacific is expected to grow with the fastest growth rate over the forecast period, owing to factors such as the growing aging population, increasing awareness among healthcare professionals about the benefits of fibrin sealants, and rising healthcare expenditure.

Major market player included in this report are:
Shanghai Raas Blood Products Co. Ltd
Nordson Corporation (Nordson Medical)
Corza Medical
Vivostat A/S
Becton, Dickinson and Company
Johnson and Johnson Services, Inc
Grifols, S.A.
CSL Behring
Baxter International Inc.
Hemarus Therapeutics Ltd.

Recent Developments in the Market:
Ø In February 2022, Corza established an enduring partnership with Takeda Pharmaceutical Company, wherein Takeda is entrusted with the manufacturing and supply of TachoSil products to Corza through a long-term agreement.

Global Fibrin Sealants Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Dosage Forms, Application, End User, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Dosage Forms:

By Application:
General Surgery
Cardiovascular Surgery
Wound Management
Orthopedic Surgery
Urological Surgeries
Ophthalmic Surgeries

By End User:
Ambulatory Surgical Centers

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Fibrin Sealants Market, by Region, 2020-2030 (USD Billion)
1.2.2. Fibrin Sealants Market, by Dosage Forms, 2020-2030 (USD Billion)
1.2.3. Fibrin Sealants Market, by Application, 2020-2030 (USD Billion)
1.2.4. Fibrin Sealants Market, by End User, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Fibrin Sealants Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Fibrin Sealants Market Dynamics
3.1. Fibrin Sealants Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Rise in the number of surgical procedures Growing geriatric population Rising incidence of chronic diseases
3.1.2. Market Challenges High cost of fibrin sealants Availability of alternate products
3.1.3. Market Opportunities Growing awareness among healthcare professionals Growing product innovations and development
Chapter 4. Global Fibrin Sealants Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Fibrin Sealants Market, by Dosage Forms
5.1. Market Snapshot
5.2. Global Fibrin Sealants Market by Dosage Forms, Performance – Potential Analysis
5.3. Global Fibrin Sealants Market Estimates & Forecasts by Dosage Forms 2020-2030 (USD Billion)
5.4. Fibrin Sealants Market, Sub Segment Analysis
5.4.1. Liquid
5.4.2. Patch
5.4.3. Powder
Chapter 6. Global Fibrin Sealants Market, by Application
6.1. Market Snapshot
6.2. Global Fibrin Sealants Market by Application, Performance – Potential Analysis
6.3. Global Fibrin Sealants Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Fibrin Sealants Market, Sub Segment Analysis
6.4.1. General Surgery
6.4.2. Cardiovascular Surgery
6.4.3. Wound Management
6.4.4. Orthopedic Surgery
6.4.5. Urological Surgeries
6.4.6. Ophthalmic Surgeries
6.4.7. Others
Chapter 7. Global Fibrin Sealants Market, by End User
7.1. Market Snapshot
7.2. Global Fibrin Sealants Market by End User, Performance – Potential Analysis
7.3. Global Fibrin Sealants Market Estimates & Forecasts by End User 2020-2030 (USD Billion)
7.4. Fibrin Sealants Market, Sub Segment Analysis
7.4.1. Hospitals
7.4.2. Ambulatory Surgical Centers
7.4.3. Clinics
Chapter 8. Global Fibrin Sealants Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Fibrin Sealants Market, Regional Market Snapshot
8.4. North America Fibrin Sealants Market
8.4.1. U.S. Fibrin Sealants Market Dosage Forms breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030 End User breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Fibrin Sealants Market
8.5. Europe Fibrin Sealants Market Snapshot
8.5.1. U.K. Fibrin Sealants Market
8.5.2. Germany Fibrin Sealants Market
8.5.3. France Fibrin Sealants Market
8.5.4. Spain Fibrin Sealants Market
8.5.5. Italy Fibrin Sealants Market
8.5.6. Rest of Europe Fibrin Sealants Market
8.6. Asia-Pacific Fibrin Sealants Market Snapshot
8.6.1. China Fibrin Sealants Market
8.6.2. India Fibrin Sealants Market
8.6.3. Japan Fibrin Sealants Market
8.6.4. Australia Fibrin Sealants Market
8.6.5. South Korea Fibrin Sealants Market
8.6.6. Rest of Asia Pacific Fibrin Sealants Market
8.7. Latin America Fibrin Sealants Market Snapshot
8.7.1. Brazil Fibrin Sealants Market
8.7.2. Mexico Fibrin Sealants Market
8.8. Middle East & Africa Fibrin Sealants Market
8.8.1. Saudi Arabia Fibrin Sealants Market
8.8.2. South Africa Fibrin Sealants Market
8.8.3. Rest of Middle East & Africa Fibrin Sealants Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Shanghai Raas Blood Products Co. Ltd Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. Nordson Corporation (Nordson Medical)
9.3.3. Corza Medical
9.3.4. Vivostat A/S
9.3.5. Becton, Dickinson and Company
9.3.6. Johnson and Johnson Services, Inc
9.3.7. Grifols, S.A.
9.3.8. CSL Behring
9.3.9. Baxter International Inc.
9.3.10. Hemarus Therapeutics Ltd.
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Data Collection:
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To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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