The skill of surgery has progressed over the years. Suture like threads produced from a wide-range of substances were used prior as a mechanical closure for the wounds. Surgical adhesives and hemostats consist of five new families, which consist of fibrin glue, cyanoacrylate, polyethylene glycol polymer, albumin cross linked with glutaraldehyde and bovine collagen and thrombin. Now in the last 30 years, fibrin glue has beenused in various indications throughout all surgical fields. 

Fibrin glue is a derivative of human blood products andanimaland it is mostly withdrawn from collective plasma and comprises of different quantities of purified and virally inactivated human proteins. Biological fibrin glue typically contains two basic components such as human thrombin and human fibrinogen, together with a fibrinolysis inhibitor to prevent fibrin degradation during the storage. The various features of fibrin glue are high surface adherence strength, high internal bond strength and capability to improve tissue regeneration and clot formation. Fibrin glue is primarily used inhemostasis, but it isalso used to heal the wounds and as biological sealants,it in different situations such as air, gastrointestinal, bile and lymphatic leaks on a larger scale. Fibrin glue reducesthe threat of infection, offersquick hemostasis on the treated part, and improves cosmesis. Fibrin glue permits the surgeon to execute the operation using minor incision and with reduced tissue trauma. It also encourages natural tissue healing. On the other hand, one of the drawback of fibrin glue is the risk of passing on of infectious organisms from human bodies to the glue. Additionally, their role in tissue engineering is recently under investigation. Recently fibrin glue has received approval from U.S. FDA and European Union for their use in spleen trauma, cardiovascular surgery and for the closure of colostomies. Tisseel, biocol, and beriplast are some of the commercially prepared fibrin sealants.  

The global fibrin glue market is segmented based on application and geography. The applications of fibrin glue arein cardiac surgery, pulmonary surgery, burn bleeding, vascular surgeries, orthopedic surgeries, lacerations of liver and spleen, neurosurgery, plastic surgery,general surgery and wound management. The burn bleeding and cardiac surgeriessegment dominates the fibrin glue market in applications category.

Based on the geography, market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America dominates the market due to higher ageing population and increasing number of surgical procedures whereas, developing countries such as India and China are expected to be fastest growing in the fibrin glue market due to high spending in health expenditure and increase in the government funding. 

In the recent years, the usage of fibrin glue has risen due to the factors such as increasing number of surgical procedures, rising incidences of complications such as diabetic ulcers, pressure sores chronic wounds etc. increase spending on health expenditure and increase in the ageing population. All these factors are responsible to drive the fibrin glue market. Government funding and technological advancement are known to create an opportunities for fibrin glue market.However,the rise in the minimum invasive procedures such as endoscopic and laparoscopic surgeries can hinder the growth of fibrin glue market. 

Some of the key players of fibrin glue market areHaemcure Corporation, Baxter International Inc., Omrix Biopharmaceutical, Inc., Vivostat A/S, CSL Behring, CryolifeInc.and Interpore Cross. 

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.

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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.

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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.

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Fibrin Glue Market

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