The Latin America, Middle East and Africa Surgical Sealants And Adhesives Market would witness market growth of 14.1% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Surgical Sealants And Adhesives Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $110.2 million by 2031. The Argentina market is showcasing a CAGR of 14.8% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 13.8% during (2024 - 2031).
The versatility of surgical sealants and adhesives extends across many surgical specialties, each presenting unique challenges and opportunities for product utilization. In cardiovascular surgery, sealants play a critical role in achieving hemostasis and reducing postoperative bleeding in high-risk patients having heart surgeries such as valve replacement or coronary artery bypass grafting. Similarly, in neurosurgery, where precision and delicacy are paramount, adhesives offer a non-invasive method for sealing dural defects and minimizing cerebrospinal fluid leaks following cranial procedures.
According to the International Trade Administration data, the Saudi Arabian government continues to place a high priority on healthcare, with Saudi Arabia accounting for 60% of the Gulf Cooperation Council countries' healthcare spending. It was projected to spend $50.4 billion on healthcare and social development in 2023, representing 16.96 percent of its budget and ranking second only to education in terms of expenditure.
In recent years, Saudi Arabia has witnessed a concerning rise in cardiovascular diseases, placing a significant burden on the healthcare system, and impacting the overall health of the population. As a result of this uptrend in cardiovascular conditions, there's an increased demand for advanced medical interventions, including surgical procedures to address heart-related issues. Thus, rising rising cardiovascular disease and heart attack cases in LAMEA, there will be enhanced demand in the regional surgical sealants and adhesives market.
Free Valuable Insights: The Worldwide Surgical Sealants and Adhesives Market is Projected to reach USD 5.7 Billion by 2031, at a CAGR of 11.3%
Based on Type, the market is segmented into Natural or Biological (Fibrin Sealants, Collagen Based Adhesives and Gelatin Based Adhesives) and Synthetic & Semi Synthetic (Cyanoacrylates, Polymeric Hydrogels and Urethane Based Adhesives). Based on Indication, the market is segmented into Tissue Sealing, Tissue Engineering and Hemostasis. Based on Application, the market is segmented into General Surgery, Pulmonary, Cosmetic, Central Nervous System, Urology, Ophthalmology, Cardiovascular, Orthopedic and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Egypt, South Africa, Nigeria, and Rest of LAMEA.
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