LONDON--(BUSINESS WIRE)--The global fibrin sealants market is poised to grow by USD 927.7 million during 2019-2023, progressing at a CAGR of over 8% during the forecast period. Request free sample pages
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The increasing number of surgical procedures drives the market. Also, the adoption of MI and robotic surgeries is anticipated to boost the growth of the fibrin sealants market.
The rising number of surgical procedures is one of the key factors behind the growth of the fibrin sealants market. Increased chronic conditions arising from various lifestyle changes and environmental factors have led to a rise in the number of surgical procedures. Fibrin sealants are used in several surgical procedures such as cardiovascular surgery, thoracic surgery, hip replacement surgery, appendectomy surgery, neurosurgery, plastic and reconstructive surgery, and dental surgery. The topical use of fibrin sealants can help in reducing the need for blood transfusions as they lessen the total blood loss and also help to reduce the chances of an infection. Fibrin sealants are also used to prevent the accumulation of postoperative fluid or blood in some procedures.
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Major Four Fibrin Sealants Companies:
Baxter
Baxter has business operations under various segments, such as renal care, acute therapies, medication delivery, pharmaceuticals, nutrition, advanced surgery, and others. The company offers TISSEEL, a fibrin sealant, which allows surgeons to get as close as 2-5 cm to the tissue for laparoscopic surgery.
CSL
CSL is engaged in the manufacturing, marketing, and development of plasma and non-plasma therapies. The company also manufactures non-plasma biotherapeutic products and influenza-related products. The company’s key offerings include Beriplast P Combi-Set, which is used for facilitating wound healing therapies for the improvement of hemostasis.
Ethicon
Ethicon operates its business under four divisions, including energy sealing and dissecting, surgical stapling, wound closure, and adjunctive hemostasis. The company’s key offerings include EVICEL, which provides sustained hemostasis for bleeding.
Takeda Pharmaceutical
Headquartered in Japan, Takeda Pharmaceutical offers TachoSil, which is a ready-to-use surgical patch, which is designed to assist surgeons in controlling fast and reliable bleeding. In July 2018, Takeda Pharmaceutical held the opening of the global headquarters in Nihonbashi, Tokyo, Japan for operation.
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Fibrin sealants Product Outlook (Revenue, USD Billion, 2019 - 2023)
- Patches
- Liquid
- Others
Fibrin Sealants Regional Outlook (Revenue, USD Billion, 2019 - 2023)
- Americas
- APAC
- EMEA
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