Six Key Trends in Sealants, Glues, Hemostats Markets to 2022

From July 2016 published Report #S290.

Here are six key trends we see in the global market for surgical sealants, glues, and hemostats:

  1. Aggressive development of products (including by universities, startups, established competitors), regulatory approvals, and new product introductions continues in the U.S., Europe, and Asia/Pacific (mostly Japan, Korea) to satisfy the growing volume of surgical procedures globally.
  2. Rapid adoption of sealants, glues, hemostats in China will drive much of the global market for these products, but other nations in the region are also big consumers, with more of the potential caseload already tapped than the rising economic China giant. Japan is a big developer and user of wound product consumer. Per capital demand is also higher in some countries like Japan.
  3. Flattening markets in the U.S. and Europe (where home-based manufacturers are looking more at emerging markets), with Europe in particular focused intently on lowering healthcare costs.
  4. The M&A, and deal-making that has taken place over the past few years (Bristol-Myers Squibb, The Medicines Company, Cohera Medical, Medafor, CR Bard, Tenaxis, Mallinckrodt, Xcede Technologies, etc.) will continue as market penetration turns to consolidation.
  5. Growing development on two fronts: (1) clinical specialty and/or application specific product formulation, and (2) all purpose products that provide faster sealing, hemostasis, or closure for general wound applications for internal and external use.
  6. Bioglues already hold the lead in global medical glue sales, and more are being developed, but there are also numerous biologically-inspired, though not -derived, glues in the starting blocks that will displace bioglue shares. Nanotech also has its tiny fingers in this pie, as well.

See Report #S290, “Worldwide Sealants, Glues, and Hemostats Markets, 2015-2022”.

Spine surgery is an exception to the usual country market rules

A great many markets for medical technologies have similar market drivers, economics, regulatory restraints and other features, resulting frequently in market sizes that can be fairly accurately predicted on the basis of population.  Hence, U.S. markets are often a consistent size relative to European markets. 

Spine surgery device markets are a decided exception to this rule.

Source: MedMarket Diligence, LLC; Report #M520.

 

Numerous facets of the underlying market size determinants for America and Europe for spine surgery devices are just plain different.  Reimbursement levels are different (and changing), regulatory policies have trended in different directions at varying paces, clinical practice patterns are influenced by local variables — the result is surprising variability in the relative market size of spine surgery device markets in the Americas and the European Union.

(This is only a consideration of the Americas and Europe.  Individual European countries also vary from the European aggregate. Further, spine surgery device markets in China, Japan, India, Australia and other countries have their own unique drivers.)


Global markets for spine surgery devices are the subject of the July 2011 MedMarket Diligence, LLC, Report #M520.  

The MedMarket Diligence report #M520, "Worldwide Spine Surgery: Products, Technologies, Markets & Opportunities, 2010-2020", is a detailed market and technology assessment and forecast of the products and technologies in the management of diseases and disorders of the spine as outlined in the following preliminary table of contents. The report describes the diseases and disorders of the spine, characterizing the patient populations, their current clinical management, and trends in clinical management as new techniques and technologies are expected to be developed and emerge. This report details the currently available products and technologies, and the manufacturers offering them. The report details the products and technologies under development and markets for each in spine surgery. The report provides a current and ten-year forecast by region/country of procedures, unit sales, average selling price and manufacturer revenues for, specifically, Americas (USA, Canada, Mexico, Brazil), European Union (United Kingdom, Germany, France, Italy, Spain, Rest of Europe), Asia-Pacific (Japan, China, India, Australia/New Zealand) and Rest of World. The forecasts address product- and country-specific impacts in the market of new technologies through the coming decade. The report profiles 46 key companies in this industry, providing data on their current products, current market position and products under development.