Fibrin Sealants Market Share

North American Market Forecast

The North America fibrin sealants market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037, backed by the significantly increasing healthcare expenditure, growing occurrence of cardiovascular diseases, and growing count of surgical procedures in the region. According to the surveys, cardiovascular disease is the leading cause of death in the United States, taking one life every 36 seconds and fostering the growth of the fibrin sealant industry.

Due to its sophisticated healthcare system, extensive use of cutting-edge automated analyzers, and sizable target patient population, the US now has a prominent position in the North American fibrin sealant industry. For instance, Sysmex Corporation unveiled the blood coagulation analyzers CN-6000 and CN-3000 in 2018, which are next-generation analyzers in the hemostasis area.

APAC Market Statistics

Additionally, a large concentration of pharmaceutical and biotechnology firms, as well as developing health infrastructure, are fueling the market’s growth for fibrin sealants in the Asia Pacific region. Furthermore, owing to their technologically advanced healthcare systems, novel treatment procedures, and sizable patient populations, China, Japan, and South Korea are considered to be the most lucrative markets in the Asia Pacific region. These countries are predicted to dominate the market in the region in terms of revenue share and expand at a much faster rate than other countries.

Europe Market Forecast

Moreover, market in the Europe region is also expected to have a significant growth over the forecast period, backed by the increasing fibrin sealant sales followed by an increase in cases of various dental problems. Europe's market is currently controlled by countries such as the UK, Germany, Italy, and France. Most people with dentures suffer with confidence, according to a UK survey, as they find it uncomfortable to put loose-fitting dentures in their mouths. In the UK, the market for dental sealants is anticipated to increase significantly throughout the anticipated period owing to the rapidly rising prevalence of dental and oral problems such as tooth decay and periodontal flap closure as well as the rising need for cosmetics. This is majorly owing to the adoption of more advanced and cutting-edge sealant products.