Fibrin Glue Market : Global Industry Analysis and Forecast (2023-2029)

Fibrin Glue Market size is expected to grow at a CAGR of 12.02% during the forecast period and the market size is expected to reach nearly US$ 1.61 Bn. by 2029.

The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.To know about the Research Methodology :- Request Free Sample Report
Fibrin Glue Market Overview : 
Fibrin glue also called as fibrin sealant is a hemostatic agent, used in surgical procedure as adhesion material to close wounds by making fibrin clot. Fibrin glue is derived from human and animal blood products. Fibrin glue main ingredients contain purified thrombin (Enzyme) and purified fibrinogen (Protein).

The fibrin glue market dynamics are thoroughly studied and explained in the MMR report, which helps to understand emerging market trends, drivers, restraints, opportunities, and challenges at the global and regional level for the fibrin glue market globally. The improved healthcare industry in the developing economies provide huge growth opportunities for the global market for fibrin glue. The overall healthcare sector is undergoing rapid changes in the developing economies thanks to growing government expenditure, upsurge in the number of surgeries, rising number of hospitals, and mounting healthcare awareness. Emerging countries offer suitable opportunities for the growth of the fibrin glue market globally. In emerging economies such as Brazil, India, China, and Mexico, the government is increasing expenditure on healthcare. As per the 2014 World Bank, Brazil spent nearly 8.3% of US$ 2.456 trillion GDP on healthcare. However, the market for fibrin glue has been facing certain challenges, for instance, stringent regulatory requirements and growing minimally invasive procedures, which may hinder the growth of the global market, during 2022-2029.

By application, cardiac surgery segment was valued US$ xx Mn. in 2022 and is expected to reach US$ xx Mn. by 2029 at a CAGR of xx.30% over the forecast period. Fibrin based glue is used for hemostasis and tissue adherence throughout cardiac surgeries to avoid the loss of blood, which is one of the most serious issues encountered while acting a cardiac surgery. Likewise, the MMR report will provide an accurate prediction of the contribution of the various segments to the growth of the fibrin glue market size.

The report also offers a brief analysis of the major regions in the fibrin glue market, namely, Europe, North America, APAC, South America, and the MEA. Among this, North America accounted for the largest fibrin glue market share in 2022, with a market value of US$ xx Mn; the regional market is expected to register a CAGR of xx.10% during 2022-2029. This is attributed to the increase in the number of surgical procedures. Furthermore, APAC is likely to display a significant growth in the fibrin glue market during 2022-2029. Emerging countries like China & India are expected to play a major role in the growth of Asian fibrin glue market. A chance of pollution of glue with viruses in human is one of the disadvantages of fibrin glue which can be an inhibitor for the market for fibrin glue.

In recent years, major players in the fibrin glue market have taken several strategic measures, like facility expansions and partnerships. In 2022, a worldwide leader in advancing surgical invention, Baxter Company unveiled the latest design improvements for its fibrin sealant product. The Tisseel Prima syringe was exposed at the 2018 AAGL (American Association of Gynecologic Laparoscopists) meeting. Also, in 2022, to aid surgeons manage bleeding through surgery; Johnson & Johnson Medical Devices Companies declared that Ethicon launched VISTASEAL Fibrin Sealant (Human).

The objective of the report is to present a comprehensive analysis of the Global Fibrin Glue Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Fibrin Glue Market dynamics, structure by analyzing the market segments and projects the Global Fibrin Glue Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Fibrin Glue Market make the report investor’s guide.
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Fibrin Glue Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 730 Mn.


Forecast Period 2023 to 2029 CAGR:
12.02%
Market Size in 2029:
US $ 1610 Mn.


 Segments Covered:
by Product
• Viral Inactivation
• Autologous Donation
• Recombinant Production
• Others


by Type
• Hemostat
• Adhesive
• Sealant


by Application
• Cardiac surgery
• Pulmonary surgery
• Burn bleeding
• Vascular surgeries
• Orthopedic surgeries
• Lacerations of liver and spleen
• Neurosurgery
• Plastic surgery
• General surgery
• Wound management



Fibrin Glue Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Fibrin Glue Market Key Players :
• Vivostat A/S
• Kaketsuken
• Johnson & Johnson
• Baxter International Inc.
• CSL Behring
• STB Lifesaving Technologies
• Zimmer Biomet Holdings, Inc.
• Takeda Pharmaceutical Company Limited
• Mallinckrodt Plc
• Shanghai RAAS Blood Products Co. Ltd.
• Hualan Biological Engineering Inc.
• Bayer
• Shanghai RAAS
• Cryolife
• Haemcure Corporation
• Omrix Biopharmaceutical, Inc.
• Interpore Cross.

Frequently Asked Questions:

1. Which region has the largest share in Global Fibrin Glue Market?
Ans: North America region held the highest share in 2022.

2. What is the growth rate of Global Fibrin Glue Market?
Ans: The Global Fibrin Glue Market is growing at a CAGR of 12.02% during forecasting period 2023-2029.

3. What is scope of the Global Fibrin Glue Market report?
Ans: Global Fibrin Glue Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Fibrin Glue Market?
Ans: The important key players in the Global Fibrin Glue Market are Vivostat A/S, Kaketsuken, Johnson & Johnson, Baxter International Inc., CSL Behring, STB Lifesaving Technologies, Zimmer Biomet Holdings, Inc., Takeda Pharmaceutical Company Limited, Mallinckrodt Plc, Shanghai RAAS Blood Products Co. Ltd., Hualan Biological Engineering Inc., Bayer, Shanghai RAAS, Cryolife, Haemcure Corporation, Omrix Biopharmaceutical, Inc., Interpore Cross

5. What is the study period of this Market?
Ans: The Global Fibrin Glue Market is studied from 2022 to 2029.