Dural sealants are typically used
after a surgery or a traumatic injury to bind or hold external tissue
such as skin as well as internal tissue such as blood vessels. These
surgical sealants have broad applications in the medical field. They are
used to hold skin, internal organs, blood vessels, and other tissues of
the human body together at the time of surgery. These sealants help
control blood loss and in healing damaged tissues. These devices can be
used alone or in conjunction with mechanical sealing process using
sutures and staples.
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The North American dural sealants
market is expected to grow significantly primarily due to the upgraded
regulations and the restructured standards. The implementation of such
regulations would further instigate the demand for surgical sealants
such as dural sealants. The increased awareness among consumers would
further initiate the demand for high value added sealants The U.S. is
the world’s largest market for healthcare. The medical devices market
comprises primary devices producers along with a number of smaller,
niche and secondary producers. The healthcare industry produces high
volume of these sealants in the region.
Growing advancement in surgical
technology is expected to be one of the primary factors driving the
dural sealant market. Growing healthcare industry, aging population and
standardization across the industry have been driving demand surgical
devices in emerging countries such as India and China over the last five
years. With the rising number of patent expiries, Asian countries have
emerged as hot-spots for dural sealants manufacturing and are further
expanding the demand for these sealants in the continent.
China has been rapidly expanding its
medical devices manufacturing capabilities and this will offer the
strongest growth opportunities for global market participants over the
next five years. In addition, the phasing-in of a far-reaching
government program intended to upgrade the quality and integrity of
nationally produced medical devices in China is driving the dural
sealant market. Among other key developing economies, India and Brazil
are expected to emerge as rapidly growing markets as medical sectors are
upgraded and diversified.
The Indian healthcare market is
heavily geared towards low-priced generics that will compete against
high-priced blockbuster sealants with the same results. The anticipated
high volume generics output in India is expected to have a ripple effect
and spike the growth of the dural sealants market.
Demand for dural sealants was highest
in North America and Europe. However, Asia Pacific is expected to show
the fastest growth over the forecast period on account of increasing
government initiatives, growing contract manufacturing activities and
ageing population. The dominance of the North American region in the
healthcare market is primarily due to the large demand of medical
devices in the U.S. and Canada. The Asia Pacific region is expected to
have the highest growth in the wake of new patent expiries and
manufacturing of generic drugs in the market. With major countries
following the healthcare government mandates, the healthcare industry is
expected to grow in the next six years.
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Some of the key players of the dural
sealants market are AccessClosure Inc., Alltracel Pharmaceuticals plc,
Baxter International, C.R. Bard Inc., Cryolife, Inc., Ormrix
Biopharma-ceuticals Inc, Pharming Group N.V., St. Jude Medical,
ThermoGenesis Corporation, Synovis Life Technologies, Inc, Tissuemed
Ltd., ThermoGenesis Corporation Vascular Solutions Inc and HyperBranch
Medical Technology among others.
This research report analyzes this
market on the basis of its market segments, major geographies, and
current market trends. Geographies analyzed under this research report
include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of
current trends in the market, industry growth drivers, and restraints.
It provides market projections for the coming years. It includes
analysis of recent developments in technology, Porter’s five force model
analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing
market players and new entrants along with detailed value chain
analysis.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a six-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments
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