The South and Central America medical adhesive and sealants market is expected to reach US$ 1,659.47 million by 2027 from US$ 991.59 million in 2019. The market is expected to grow at a CAGR of 6.7% during 2020-2027. Increasing number of medical implant/transplant procedures and rising adoption of minimal invasive procedures are driving the market in the region.Additionally, wide applications in medical devices and drug delivery systems and increasing development in medical adhesive and sealant technologies are likely to fuel the growth of the South and Central America medical adhesive and sealants market during the forecast period.
However, complications associated with the medical adhesive and sealants are likely to restrain the growth of the market in coming years. Medical adhesive and sealants are manufactured as per the medical grades.They are mainly used for assembling medical devices.
They also help optimize assembly speeds to enable better processing, provide greater output as well as reduce associated costs. In the recent years, along with the technological developments in medical device industry, the demand for medical adhesive and sealants has increased significantly. Medical adhesives and sealants (MAaS) are used as an aid to prevent blood loss during surgical procedures such as cardiovascular surgeries, organ implants, and orthopedic procedures.MAaS facilitates natural wound healing, and prevents air and liquid leakages during and after surgical procedures and other applications.
The adhesives and sealants are used as alternatives to surgical sutures and staples. The medical practitioners are increasingly adopting different types of such products, which is, in turn, projecting the demand for medical adhesives and sealants. For instance, organ transplant is among the surgical producers that involve large incisions on the human body.Post-surgical wounds are sealed with the help of surgical sutures and staples.
The wound needs to be healed fast to avoid post-operation complications such as wound infection, bleeding, and others.The adhesives and sealants help in preventing such complications.
For instance, in 2019, Latin American countries had the highest number of transplants, including kidney, heart, lung, liver, pancreas, and small bowel transplant. Brazil, recorded 9,232 transplants performed in the same year. The number of restorative dentistry procedures, such as dental implants, is increasing, especially among geriatric population.However, increasing number of younger people are now opting for dental implantation procedures instead of bridges.
Such factors are expected to boost the market growth in the coming years. Latin America is witnessing a growing number of COVID-19 cases.With the second wave of the COVID-19 outbreak, there has been an increasing number of cases in the Latin American countries.
This outbreak is challenging communities, relief organizations, and healthcare systems.Medical devices, pharmaceuticals, research centres, and biotechnology companies are collaborating to address the COVID-19 outbreak.
Brazil is recognized for its medical tourism industry.Many countries are restricting travelling due to the outbreak, which is hindering the Brazil medical tourism industry.
In some emergency, governments are taking measures to help the patient. Most of the in-person doctor’s appointments are being now conducted over phone call or video consultation. People are rescheduling their dental surgeries and other surgeries owing to the COVID-19 pandemic. Thus, the outbreak pandemic is restraining the growth of the adhesive and sealant market in South and Central America. The synthetic segment held a larger share of the South and Central America medical adhesive and sealants market in 2019, and is anticipated to register a higher CAGR in the market during the forecast period.The market growth for the synthetic segment is attributed to versatility and high-quality performance of the synthetic adhesives over natural adhesives.
Moreover, these adhesives can be modified as per the need and have better adhesion properties than the natural adhesives. These factors are projected to drive the market growth for this segment during the forecast period. A few major secondary sources referred to while preparing the report on the South and Central America medical adhesive and sealants market are World Health Organization, and Food and Drug Administration.
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Surgical Procedures Performed
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