Sales Revenue of Vascular Sealant Market to escalate in the Coming Years Owing to Changes in Market Dynamics During COVID-19 Pandemic and Forecast 2016-2024

New York City, United States — The change during the COVID-19 pandemic has overhauled our dependence on pattern setting developments, for instance, expanded reality, computer generated reality, and the Healthcare web of things. The unfulfilled cash related targets are persuading the relationship to grasp robotization and forefront advancements to stay ahead in the market competition. Associations are utilizing this open entryway by recognizing step by step operational needs and showing robotization in it to make an automated structure as far as might be feasible

The global market for vascular sealants and surgical sealants has evolved rapidly in past 15 years. As cardiac surgery involves major procedures frequently with multiple suture lines, is subject to bleeding complications. Vascular sealants are used effectively as a hemostatic agent to stop bleeding from adhesions from diffuse surfaces with capillary bleeding, at the time of reoperative cardiac surgery. However, vascular sealants cannot be used as a substitute for surgical sutures. Even though vascular sealants obtained late approval in the U.S., some of the fibrin sealants were long being used as an off-label application in the cardiovascular procedures in the U.S. and were being employed in the country for emergency procedures. Vascular sealants reduce cross-contamination of a surgical site and thus, help to improve treatment outcomes, and in turn reduce the cost of treatment by securing and protecting wounds and injuries from further infection or advancement of the disease. A higher occurrence of unending injuries and surgical procedures drives interest for cutting-edge dressings. Cost management increases the attractiveness of product related to vascular sealants.  

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Demand for vascular sealants is driven by case load of cardiovascular surgical procedures and nature of clinical need. Increasing number of cardiovascular interventions such as coronary revascularization, valvular repair procedures, coronary artery bypass graft surgery (CABG) etc. would drive the growth of vascular sealants market. According to American Heart Association Statistics, over 469,000 CABG procedures were performed in the U.S. in 2008. Moreover, product approvals in the global vascular sealants market is expected to further fuel the growth of the global market. For instance, in 2017, Gecko Biomedical received CE mark approval for its Setalum bioresorbable vascular sealant. However, some safety issues such as potential for overswelling when used within small spaces, potentially causing damage to vascular tissue are the factors limiting the growth of vascular sealants market.

The global market for vascular sealant is segmented on basis of product type, end user, and geography:

  • Segmentation by Product Type
    • Fibrin Vascular Sealants
    • Collagen-based Vascular Sealants
    • Synthetic Vascular Sealants
  • Segmentation by End User
    • Hospitals
    • Cardiac Catheterization Labs
    • Ambulatory Surgical Centers

On the basis of product type, fibrin vascular sealants segment is expected to contribute the highest share in the global vascular sealants market. Fibrin vascular sealants are choice in vascular surgery as they provide an effective means of sealing anastomoses before blood vessel pressurization and vascular clamp removal. Fibrin vascular sealants have primarily been used as adjunctive hemostasis in many cardiovascular and aortic procedures. Fibrin vascular sealants are among first approved vascular sealants and are being used in the U.S. and Japan since 1998.

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Among all three end users of vascular sealants, hospitals end-user segment clearly dominate the global vascular sealants market over the forecast period, primarily due to high case load. Moreover, various companies in the global vascular sealants market are adopting different marketing strategies to increase product penetration and sales, such as entering into supply agreements with hospitals. Effective use of vascular sealants is associated with the lower cost and shortened length of hospital stay, which ultimately increases the demand for these products in hospital settings.

Regional analysis includes

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • The Middle East & Africa

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Some of the key players identified in global vascular sealants market include,

  • Sealantis Ltd.
  • Baxter Healthcare Corporation
  • Mallinckrodt Inc.
  • Tenaxis Medical Inc.
  • Becton Dickinson and Company (Davol Inc.)
  • Medtronic Inc.
  • Vivostat A/S
  • Johnson & Johnson

Report Highlights:

  • Shifting Industry dynamics
  • In-depth market segmentation
  • Historical, current and projected industry size Recent industry trends
  • Key Competition landscape
  • Strategies for key players and product offerings
  • Potential and niche segments/regions exhibiting promising growth
  • A neutral perspective towards market performance