Fibrin Sealants Market Size Poised to Reach USD 2.6 Billion by 2031 | Fueled by the Surge in the Prevalence of Chronic Diseases

According to the report published by Allied Market Research, the global fibrin sealants market garnered $1.1 billion in 2021, and is estimated to generate $2.6 billion by 2031, manifesting a CAGR of 9.5% from 2022 to 2031.

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Report coverage & details:

Covid-19 Scenario:

• The global fibrin sealants market experienced a setback in growth due to the onset of the COVID-19 pandemic. A considerable number of medical institutions worldwide underwent restructuring efforts to expand hospital capacity to accommodate the surge in COVID-19 patients.
• Additionally, individuals susceptible to chronic conditions refrained from routine clinic visits to adhere to the social distancing guidelines mandated by governments worldwide.
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  Despite these challenges, the market has rebounded in the post-pandemic era and is poised for significant expansion in the years ahead.

The research provides detailed segmentation of the global fibrin sealants market based on dosage form, application, end user, and region. The report discusses segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize according to the highest revenue-generating and fastest-growing segments mentioned in the report.

Based on dosage form, the patch segment held the highest share in 2021, accounting for more than half of the global fibrin sealants market, and is expected to continue its leadership status during the forecast period. However, the liquid segment is expected to register the highest CAGR of 9.8% from 2022 to 2031.

Based on application, the ophthalmic surgeries segment is expected to manifest the highest CAGR of 11.3% from 2022 to 2031. The report also discusses segments including general surgery, cardiovascular surgery, wound management, orthopedic surgery, urological surgeries, and others.

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Based on end user, the hospital segment accounted for the highest share in 2021, holding nearly three-fifths of the global fibrin sealants market, and is expected to continue its leadership status during the forecast period. However, the clinic segment is estimated to grow at the highest CAGR of 9.8% during the forecast period.

Based on region, North America held the largest share in 2021, contributing to more than two-fifths of the global fibrin sealants market share, and is projected to maintain its dominant share in terms of revenue in 2031. On the other hand, the Asia-Pacific region is expected to manifest the fastest CAGR of 10.6% during the forecast period. The research also analyzes regions including Europe & LAMEA.

KEY FINDINGS OF THE STUDY

• On the basis of dosage form, the patch segment held the largest share in the fibrin sealants market trends in 2021.
• By application, the others segment held the largest share in the fibrin sealants market analysis in 2021.
• On the basis of end-user, the hospitals’ segment held the largest market share in 2021 in the Fibrin Sealants industry.
• On the basis of region, North America held the largest market share in 2021 in the Fibrin Sealants industry.

KEY BENEFITS FOR STAKEHOLDERS

• The study provides an in-depth analysis of the Fibrin sealants industry, current Fibrin Sealants Market Trends, and future estimations to elucidate the imminent investment pockets.
• It presents a quantitative analysis of the market from 2021 to 2031 to enable stakeholders to capitalize on the prevailing Fibrin Sealants Market Opportunity.
• Extensive analysis of the market based on procedures and services assists to understand the trends in the industry.
• Key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐢𝐧 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲-

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