Market revenue in 2023 | USD 109.4 million |
Market revenue in 2030 | USD 281.2 million |
Growth rate | 14.4% (CAGR from 2023 to 2030) |
Largest segment | Natural/biological adhesives & sealants |
Fastest growing segment | Synthetic & Semi-synthetic Adhesives & Sealants |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Natural/Biological Adhesives & Sealants, Synthetic & Semi-synthetic Adhesives & Sealants |
Key market players worldwide | Johnson & Johnson, Artivion Inc, BD, Medtronic PLC, B. Braun, Mallinckrodt PLC Ordinary Shares - New, Cardinal Health Inc, Baxter International Inc, Integra Lifesciences Holdings Corp, Stryker Corp |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to surgical sealants and adhesives market will help companies and investors design strategic landscapes.
Natural/biological adhesives & sealants was the largest segment with a revenue share of 62.52% in 2023. Horizon Databook has segmented the India surgical sealants and adhesives market based on natural/biological adhesives & sealants, synthetic & semi-synthetic adhesives & sealants covering the revenue growth of each sub-segment from 2018 to 2030.
The surgical sealants and adhesives market in India is expected to expand significantly during the forecast period due to various influential factors. Its growth can be primarily attributed to heightened healthcare spending and the comparatively relaxed regulations governing the use of medical devices within the country.
Moreover, the market is expected to be lucrative for manufacturers due to lower costs and an ample labor force, facilitating easy entry for businesses in this sector. In addition, establishing new corporate hospitals and introducing structured training programs & awareness campaigns promoting the adoption of medical devices in surgical procedures are facilitating market growth.
These companies have been actively contributing to the market by introducing innovative solutions and technologies in the surgical sealants and adhesives field. For instance, Baxter India has undertaken initiatives to advance medical devices’ efficacy in surgeries and promote accessibility.
Horizon Databook provides a detailed overview of country-level data and insights on the India surgical sealants and adhesives market , including forecasts for subscribers. This country databook contains high-level insights into India surgical sealants and adhesives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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