Get In Touch
Dural sealants are typically used after a surgery or a traumatic injury to bind or hold external tissue such as skin as well as internal tissue such as blood vessels. These surgical sealants have broad applications in the medical field. They are used to hold skin, internal organs, blood vessels, and other tissues of the human body together at the time of surgery. These sealants help control blood loss and in healing damaged tissues. These devices can be used alone or in conjunction with mechanical sealing process using sutures and staples.
 
The North American dural sealants market is expected to grow significantly primarily due to the upgraded regulations and the restructured standards. The implementation of such regulations would further instigate the demand for surgical sealants such as dural sealants. The increased awareness among consumers would further initiate the demand for high value added sealants The U.S. is the world’s largest market for healthcare. The medical devices market comprises primary devices producers along with a number of smaller, niche and secondary producers. The healthcare industry produces high volume of these sealants in the region.
 
Growing advancement in surgical technology is expected to be one of the primary factors driving the dural sealant market. Growing healthcare industry, aging population and standardization across the industry have been driving demand surgical devices in emerging countries such as India and China over the last five years. With the rising number of patent expiries, Asian countries have emerged as hot-spots for dural sealants manufacturing and are further expanding the demand for these sealants in the continent.
 
China has been rapidly expanding its medical devices manufacturing capabilities and this will offer the strongest growth opportunities for global market participants over the next five years. In addition, the phasing-in of a far-reaching government program intended to upgrade the quality and integrity of nationally produced medical devices in China is driving the dural sealant market. Among other key developing economies, India and Brazil are expected to emerge as rapidly growing markets as medical sectors are upgraded and diversified.
 
The Indian healthcare market is heavily geared towards low-priced generics that will compete against high-priced blockbuster sealants with the same results. The anticipated high volume generics output in India is expected to have a ripple effect and spike the growth of the dural sealants market.
 
Demand for dural sealants was highest in North America and Europe. However, Asia Pacific is expected to show the fastest growth over the forecast period on account of increasing government initiatives, growing contract manufacturing activities and ageing population. The dominance of the North American region in the healthcare market is primarily due to the large demand of medical devices in the U.S. and Canada. The Asia Pacific region is expected to have the highest growth in the wake of new patent expiries and manufacturing of generic drugs in the market. With major countries following the healthcare government mandates, the healthcare industry is expected to grow in the next six years.
 
Some of the key players of the dural sealants market are AccessClosure Inc., Alltracel Pharmaceuticals plc, Baxter International, C.R. Bard Inc., Cryolife, Inc., Ormrix Biopharma-ceuticals Inc, Pharming Group N.V., St. Jude Medical, ThermoGenesis Corporation, Synovis Life Technologies, Inc, Tissuemed Ltd., ThermoGenesis Corporation Vascular Solutions Inc and HyperBranch Medical Technology among others.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

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

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Dural Sealants Market

Pre Book