Global Fibrin Glue Market Size, Share, Development, Growth and Demand Forecast to 2023

  • ID: 4340294
  • Report
  • Region: Global
  • 141 pages
  • P&S Market Research
1 of 3
Market Overview

Fibrin glue is a type of tissue adhesive derived from animal and/or human source, and is mainly used for blood coagulation, healing of wounds, stopping hemorrhage and sealing tissues. Fibrin glue is composed of fibrinogen (lyophilized pooled human concentrate) and thrombin (bovine, which is reconstituted with calcium chloride), and is used to heal wound tissue, and to provide hemostasis and tissue adhesion.

Based on application, the global fibrin glue market is classified into cardiac surgery, general surgery, vascular surgery, pulmonary surgery, neurosurgery, lacerations of liver and spleen, burn bleeding, orthopedic surgery, plastic surgery, wound management, and others. Cardiac surgery held the largest share of the global fibrin glue market in 2016. Fibrin based sealants are used for hemostasis and tissue adherence during cardiac surgeries to avoid the loss of blood, which is one of the most critical issue encountered while performing a cardiac surgery.

Market Dynamics

The global fibrin glue market is expected to witness a CAGR of 10.9% during the period, 2017 - 2023. Rising healthcare expenditure, increasing number of surgical procedures and burn cases are some of the key factors, driving the growth of the global fibrin glue market growth. Additionally, increasing prevalence of chronic diseases, aging population, low chances of complications associated with these products and increase in road accidents also support the growth of the global market. On the other hand, the fibrin glue market has been facing certain challenges such as increasing minimally invasive procedures and stringent regulatory requirements, which may impede the growth of the global market, during the forecast period. Moreover, the improved healthcare in the emerging economies provides immense growth opportunities for the global fibrin glue market.

Opportunities

Improved healthcare in the emerging economies provides immense growth opportunities for the global fibrin glue market. The overall healthcare industry is undergoing rapid changes in the emerging economies due to rising government expenditure, increasing number of hospitals, increase in the number of surgeries, and rising healthcare awareness. Emerging economies provide suitable opportunities for the growth of the global fibrin glue market.

In emerging countries such as India, China, Brazil, and Mexico, government is increasingly spending on the healthcare. According to World Bank, Brazil spent 8.3% of $2.456 trillion GDP on healthcare, in 2014. Moreover, rising healthcare awareness and high prevalence of various diseases has also increased the number of surgeries in emerging economies. This has led to an increase in the use of fibrin glue during surgeries, thereby providing ample growth opportunities for the manufacturers in the global fibrin glue market.

Growth Drivers

Rising healthcare expenditure is one of the key drivers of the fibrin glue market. According to Centers for Disease Control and Prevention (CDC), total national health expenditure in the U.S. stood at $3.0 trillion in 2014 and per capita national health expenditure was $9,523. As per the reports of the U.K. Office for National Statistics (ONS), the U.K.’s total healthcare expenditure was $297.8 billion, in 2014. Due to increase in healthcare expenditure, patients suffering from various diseases tend to opt for surgeries for better and quick treatment of diseases, leading to increase in the use of fibrin glues, thereby driving the global fibrin glue market.

Similarly, With the increase in the prevalence of various chronic diseases and health problems, the number of surgeries performed is significantly increasing globally. This has further led to an increase in the demand for fibrin glue products. According to CDC, approximately 117 million people in the U.S. suffered from one or more chronic health conditions in 2012.

Additionally, according to the data provided by the World Bank, in the U.S., 30,537 surgeries were performed per 100,000 population, in 2012. Fibrin glue is used in surgeries and burn cases for holding together the tissues, thus increasing number of surgeries and burn cases is also driving the growth of the global fibrin glue market.

Competitive Landscape

Key players in the global fibrin glue market are collaborating and acquiring other players’ fibrin glue product portfolios to offer more advance solutions for hemostasis in surgical settings. In February 2016, Mallinckrodt plc announced that it closed the acquisition of the global portfolio of three commercial-stage topical hemostasis drugs from, The Medicines Company. The portfolio included RAPLIXA (Fibrin Sealant (Human)), RECOTHROM Thrombin topical (Recombinant), and PreveLeak Surgical Sealant.

Some of the key players operating in the global fibrin glue market include Vivostat A/S, Kaketsuken, Johnson & Johnson, Baxter International Inc., CSL Behring, Zimmer Biomet Holdings, Inc., Takeda Pharmaceutical Company Limited, Mallinckrodt Plc, Shanghai RAAS Blood Products Co. Ltd. and Hualan Biological Engineering Inc.

Scope for Customization

Customization is offered as per specific business requirements of clients. Illustrative customization within the scope of this report includes:
  • Period of Analysis - Increase in the study period, including historic and forecast years
  • Geographical Analysis - Increase in country coverage
  • Segment Analysis - More granular coverage related to:
  • Further analysis of product, manufacturing design and therapeutic application under fibrin glue by region
  • Company Profiles - Wider company coverage in terms of detailed analysis or additional company profiles
  • New custom report - A completely customized report can be provided on the market, specific to a region/ country/ segment
READ MORE
Note: Product cover images may vary from those shown
2 of 3
1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation By Application
1.3.2 Market Segmentation By Geography
1.3.3 Analysis Period
1.3.4 Market Data Reporting Unit
1.3.4.1 Value
1.4 Key Stakeholders

2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown Of Primary Research Respondents
2.2.1.1 By Region
2.2.1.2 By Industry Participant
2.2.1.3 By Company Type
2.3 Market Size Estimation
2.4 Market Breakdown And Data Triangulation
2.5 Assumptions For The Study

3. Executive Summary
3.1 Key Findings
3.2 Research Summary

4. Introduction
4.1 Market Segmentation
4.1.1 Overview By Application
4.1.1.1 Cardiac Surgery
4.1.1.2 General Surgery
4.1.1.3 Vascular Surgery
4.1.1.4 Pulmonary Surgery
4.1.1.5 Neurosurgery
4.1.1.6 Lacerations Of Liver And Spleen
4.1.1.7 Burn Bleeding
4.1.1.8 Orthopedic Surgery
4.1.1.9 Plastic Surgery
4.1.1.10 Wound Management
4.1.1.11 Others
4.2 Market Dynamics
4.2.1 Trends
4.2.1.1 Expanded License Indications For Fibrin Glues
4.2.1.2 Growing Popularity Of Cosmetic Surgeries
4.2.2 Drivers
4.2.2.1 Rising Healthcare Expenditure
4.2.2.2 Increasing Number Of Surgical Procedures And Burn Cases
4.2.2.3 Increasing Prevalence Of Chronic Diseases
4.2.2.4 Aging Population
4.2.2.5 Low Chances Of Complications Associated With These Products
4.2.2.6 Increase In Road Accidents
4.2.2.7 Impact Analysis Of Drivers On Market Forecast
4.2.3 Restraints
4.2.3.1 Increasing Minimally Invasive Procedures
4.2.3.2 Stringent Regulatory Requirements
4.2.3.3 Impact Analysis Of Restraints On Market Forecast
4.2.4 Opportunities
4.2.4.1 Improved Healthcare In Emerging Economies
4.3 Porter’S Five Forces Analysis
4.3.1 Bargaining Power Of Buyers
4.3.2 Bargaining Power Of Suppliers
4.3.3 Threat Of New Entrants
4.3.4 Intensity Of Rivalry
4.3.5 Threat Of Substitutes

5. Market Size And Forecast By Application
5.1 Global Fibrin Glue Market For Cardiac Surgery
5.1.1 Global Fibrin Glue Market For Cardiac Surgery, By Region
5.2 Global Fibrin Glue Market For General Surgery
5.2.1 Global Fibrin Glue Market For General Surgery, By Region
5.3 Global Fibrin Glue Market For Vascular Surgery
5.3.1 Global Fibrin Glue Market For Vascular Surgery, By Region
5.4 Global Fibrin Glue Market For Pulmonary Surgery
5.4.1 Global Fibrin Glue Market For Pulmonary Surgery, By Region
5.5 Global Fibrin Glue Market For Neurosurgery
5.5.1 Global Fibrin Glue Market For Neurosurgery, By Region
5.6 Global Fibrin Glue Market For Lacerations Of Liver & Spleen
5.6.1 Global Fibrin Glue Market For Lacerations Of Liver & Spleen, By Region
5.7 Global Fibrin Glue Market For Burn Bleeding
5.7.1 Global Fibrin Glue Market For Burn Bleeding, By Region
5.8 Global Fibrin Glue Market For Orthopedic Surgery
5.8.1 Global Fibrin Glue Market For Orthopedic Surgery, By Region
5.9 Global Fibrin Glue Market For Plastic Surgery
5.9.1 Global Fibrin Glue Market For Plastic Surgery, By Region
5.10 Global Fibrin Glue Market For Wound Management
5.10.1 Global Fibrin Glue Market For Wound Management, By Region

6. Market Size And Forecast By Geography
6.1 North America Fibrin Glue Market
6.1.1 North America Fibrin Glue Market, By Application
6.1.2 North America Fibrin Glue Market, By Country
6.2 Europe Fibrin Glue Market
6.2.1 Europe Fibrin Glue Market, By Application
6.2.2 Europe Fibrin Glue Market, By Country
6.3 Asia-Pacific Fibrin Glue Market
6.3.1 Asia-Pacific Fibrin Glue Market, By Application
6.3.2 Asia-Pacific Fibrin Glue Market, By Country
6.4 Latin America Fibrin Glue Market
6.4.1 Latin America Fibrin Glue Market, By Application
6.4.2 Latin America Fibrin Glue Market, By Country
6.5 Middle East & Africa (Mea) Fibrin Glue Market
6.5.1 Mea Fibrin Glue Market, By Application
6.5.2 Mea Fibrin Glue Market, By Country

7. Competitive Landscape
7.1 Competitive Benchmarking Of Key Players In The Global Fibrin Glue Market
7.2 Global Strategic Developments
7.2.1 Merger & Acquisition
7.2.2 Product Launch/Approval
7.2.3 Others

8. Company Profiles
8.1 Vivostat A/S
8.1.1 Business Overview
8.1.2 Product And Service Offerings
8.2 Kaketsuken
8.2.1 Business Overview
8.2.2 Product And Service Offerings
8.3 Johnson & Johnson
8.3.1 Business Overview
8.3.2 Product And Service Offerings
8.4 Baxter International Inc.
8.4.1 Business Overview
8.4.2 Product And Service Offerings
8.5 Csl Behring
8.5.1 Business Overview
8.5.2 Product And Service Offerings
8.6 Zimmer Biomet Holdings, Inc.
8.6.1 Business Overview
8.6.2 Product And Service Offerings
8.7 Takeda Pharmaceutical Company Limited
8.7.1 Business Overview
8.7.2 Products And Services
8.8 Shanghai Raas Blood Products Co. Ltd
8.8.1 Business Overview
8.8.2 Product And Service Offerings
8.9 Hualan Biological Engineering Inc.
8.9.1 Business Overview
8.9.2 Product And Service Offerings
8.10 Mallinckrodt Plc
8.10.1 Business Overview
8.10.2 Product And Service Offerings

9. Appendix
9.1 Abbreviations

List Of Tables
Table 1 Analysis Period Of The Study
Table 2 Global Fibrin Glue Market Snapshot
Table 3 Total Surgical Cosmetic Procedures Performed (2015)
Table 4 Healthcare Expenditure As % Of Gdp
Table 5 Drivers For The Market: Impact Analysis
Table 6 Restraints For The Market: Impact Analysis
Table 7 Total Healthcare Expenditure, As A % Of Gdp
Table 8 Global Fibrin Glue Market, By Application, $M (2013-2016)
Table 9 Global Fibrin Glue Market, By Application, $M (2017-2023)
Table 10 Global Fibrin Glue Market For Cardiac Surgery, By Region, $M (2013-2016)
Table 11 Global Fibrin Glue Market For Cardiac Surgery, By Region, $M (2017-2023)
Table 12 Global Fibrin Glue Market For General Surgery, By Region, $M (2013-2016)
Table 13 Global Fibrin Glue Market For General Surgery, By Region, $M (2017-2023)
Table 14 Global Fibrin Glue Market For Vascular Surgery, By Region, $M (2013-2016)
Table 15 Global Fibrin Glue Market For Vascular Surgery, By Region, $M (2017-2023)
Table 16 Global Fibrin Glue Market For Pulmonary Surgery, By Region, $M (2013-2016)
Table 17 Global Fibrin Glue Market For Pulmonary Surgery, By Region, $M (2017-2023)
Table 18 Global Fibrin Glue Market For Neurosurgery, By Region, $M (2013-2016)
Table 19 Global Fibrin Glue Market For Neurosurgery, By Region, $M (2017-2023)
Table 20 Global Fibrin Glue Market For Lacerations Of Liver & Spleen, By Region, $M (2013-2016)
Table 21 Global Fibrin Glue Market For Lacerations Of Liver & Spleen, By Region, $M (2017-2023)
Table 22 Global Fibrin Glue Market For Burn Bleeding, By Region, $M (2013-2016)
Table 23 Global Fibrin Glue Market For Burn Bleeding, By Region, $M (2017-2023)
Table 24 Global Fibrin Glue Market For Orthopedic Surgery, By Region, $M (2013-2016)
Table 25 Global Fibrin Glue Market For Orthopedic Surgery, By Region, $M (2017-2023)
Table 26 Global Fibrin Glue Market For Plastic Surgery, By Region, $M (2013-2016)
Table 27 Global Fibrin Glue Market For Plastic Surgery, By Region, $M (2017-2023)
Table 28 Global Fibrin Glue Market For Wound Management, By Region, $M (2013-2016)
Table 29 Global Fibrin Glue Market For Wound Management, By Region, $M (2017-2023)
Table 30 North America Fibrin Glue Market, By Application, $M (2013-2016)
Table 31 North America Fibrin Glue Market, By Application, $M (2017-2023)
Table 32 North America Fibrin Glue Market, By Country, $M (2013-2016)
Table 33 North America Fibrin Glue Market, By Country, $M (2017-2023)
Table 34 Europe Fibrin Glue Market, By Application, $M (2013-2016)
Table 35 Europe Fibrin Glue Market, By Application, $M (2017-2023)
Table 36 Europe Fibrin Glue Market, By Country, $M (2013-2016)
Table 37 Europe Fibrin Glue Market, By Country, $M (2017-2023)
Table 38 Asia-Pacific Fibrin Glue Market, By Application, $M (2013-2016)
Table 39 Asia-Pacific Fibrin Glue Market, By Application, $M (2017-2023)
Table 40 Asia-Pacific Fibrin Glue Market, By Country, $M (2013-2016)
Table 41 Asia-Pacific Fibrin Glue Market, By Country, $M (2017-2023)
Table 42 Cost Of Medical Treatments In Brazil Compared To The U.S. Hospitals
Table 43 Latin America Fibrin Glue Market, By Application, $M (2013-2016)
Table 44 Latin America Fibrin Glue Market, By Application, $M (2017-2023)
Table 45 Latin America Fibrin Glue Market, By Country, $M (2013-2016)
Table 46 Latin America Fibrin Glue Market, By Country, $M (2017-2023)
Table 47 Mea Fibrin Glue Market, By Application, $M (2013-2016)
Table 48 Mea Fibrin Glue Market, By Application, $M (2017-2023)
Table 49 Mea Fibrin Glue Market, By Country, $M (2013-2016)
Table 50 Mea Fibrin Glue Market, By Country, $M (2017-2023)
Table 51 Product Benchmarking Of Key Players In The Global Fibrin Glue Market
Table 52 Vivostat A/S-At A Glance
Table 53 Kaketsuken-At A Glance
Table 54 Johnson & Johnson-At A Glance
Table 55 Baxter International Inc.-Key Facts
Table 56 Csl Behring-At A Glance
Table 57 Zimmer Biomet Holdings, Inc.-Key Facts
Table 58 Takeda Pharmaceutical Company Limited-At A Glance
Table 59 Shanghai Raas Blood Products Co. Ltd-At A Glance
Table 60 Hualan Biological Engineering Inc.-At A Glance
Table 61 Mallinckrodt Plc - At A Glance

List Of Figures
Fig 1 Research Scope For The Global Fibrin Glue Market
Fig 2 Research Methodology For The Global Fibrin Glue Market
Fig 3 Regional Split Of Primary And Secondary Research
Fig 4 Breakdown Of Primary Research By Region
Fig 5 Breakdown Of Primary Research By Industry Participant
Fig 6 Breakdown Of Primary Research By Company Type
Fig 7 Data Triangulation Approach For The Global Fibrin Glue Market
Fig 8 Aging Population As % Of Total Population
Fig 9 Worldwide Road Traffic Deaths Of Road User
Fig 10 Road Traffic Fatalities Rate Per Hundred Thousand Population
Fig 11 Porter’S Five Forces Analysis Of The Global Fibrin Glue Market
Fig 12 Global Fibrin Glue Market Split, By Application (2016)
Fig 13 Global Fibrin Glue Market, By Application, $M (2013-2023)
Fig 14 Global Fibrin Glue Market For Cardiac Surgery, By Region, $M (2013-2023)
Fig 15 Global Fibrin Glue Market For General Surgery, By Region, $M (2013-2023)
Fig 16 Global Fibrin Glue Market For Vascular Surgery, By Region, $M (2013-2023)
Fig 17 Global Fibrin Glue Market For Pulmonary Surgery, By Region, $M (2013-2023)
Fig 18 Global Fibrin Glue Market For Neurosurgery, By Region, $M (2013-2023)
Fig 19 Global Fibrin Glue Market For Lacerations Of Liver & Spleen, By Region, $M (2013-2023)
Fig 20 Global Fibrin Glue Market For Burn Bleeding, By Region, $M (2013-2023)
Fig 21 Global Fibrin Glue Market For Orthopedic Surgery, By Region, $M (2013-2023)
Fig 22 Global Fibrin Glue Market For Plastic Surgery, By Region, $M (2013-2023)
Fig 23 Global Fibrin Glue Market For Wound Management, By Region, $M (2013-2023)
Fig 24 Worldwide Major Markets For Fibrin Glue
Fig 25 North America Fibrin Glue Market Snapshot
Fig 26 North America Fibrin Glue Market, By Application, $M (2013-2023)
Fig 27 North America Fibrin Glue Market, By Country, $M (2013-2023)
Fig 28 Europe Fibrin Glue Market Snapshot
Fig 29 Europe Fibrin Glue Market, By Application, $M (2013-2023)
Fig 30 Europe Fibrin Glue Market, By Country, $M (2013-2023)
Fig 31 Asia-Pacific Fibrin Glue Market Snapshot
Fig 32 Asia-Pacific Fibrin Glue Market, By Application, $M (2013-2023)
Fig 33 Asia-Pacific Fibrin Glue Market, By Country, $M (2013-2023)
Fig 34 Latin America Fibrin Glue Market Snapshot
Fig 35 Latin America Fibrin Glue Market, By Application, $M (2013-2023)
Fig 36 Latin America Fibrin Glue Market, By Country, $M (2013-2023)
Fig 37 Mea Fibrin Glue Market Snapshot
Fig 38 Mea Fibrin Glue Market, By Application, $M (2013-2023)
Fig 39 Mea Fibrin Glue Market, By Country, $M (2013-2023)
Fig 40 Competitive Benchmarking Of Key Players In The Global Fibrin Glue Market
Note: Product cover images may vary from those shown
3 of 3

Loading
LOADING...

4 of 3
Note: Product cover images may vary from those shown
Adroll
adroll