#Surgical #Glue #Market #Predicted #Reach #USD #Billion
Portland, OR, Oct. 27, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global surgical glue market generated $2.3 billion in 2021 and is projected to reach $4.6 billion by 2031, growing at a CAGR of 7% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.
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Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $2.3 billion |
| Market Size in 2031 | $4.6 billion |
| CAGR | 7% |
| No. of Pages in Report | 290 |
| Segments Covered | Product, application, end-user and region. |
| Drivers | Increase in the number of surgical procedures performed in hospitals |
| surge in geriatric population across the globe | |
| Opportunities | rise in number of road accidents among people |
| surge in the prevalence of chronic diseases | |
| Restrains | high cost of surgical glue and availability of alternate products |
COVID-19 Scenario:
- The outbreak of the COVID-19 has had a negative impact on the growth of the global surgical glue market, owing to the occurrence of lockdowns in various countries across the globe.
- Lockdowns resulted in subsequent reduction in the number of surgical procedures due to the delay or cancellation of various surgeries as doctors were increasingly inclined towards treating the COVID-19 infected patient on priority.
- In addition, lockdown led to disruption of manufacturing and supply chain of medical devices.
- These restrictions were…
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