Ocular sealants is an adhesive material which is used as an adjuvant to surgical wound closure in ophthalmology. The various advantages of ocular sealants and glues have extended their use in all fields of ophthalmology like corneal and conjunctiva surgeries, cataract, and refractive surgery, etc. The newer ocular sealants such as biodendrimers and photocrosslinkable are highly demanded due to their better biocompatibility, increased binding forces and rapid sealing properties.
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There is increasing acceptance of ocular sealants and glues globally as there are certain problems associated with sutures like inflammation, irritation, risk of infection and prolong healing period. The use of ocular sealants have resulted in improved eye vision, reduced surgical time and reduced enucleation rates. These ocular sealants are used in wound reconstitution thereby improving post-operative condition without compromising wound strength. Each type of ocular sealants and glues have their own advantages as well as limitations and thus is used in different indications. Newly modified ocular sealants and glues such as chondroitin sulfate polymer and laser-activated serum albumin are widely used in ophthalmology. Although there are various ocular sealants available in the market, there is still a demand of newer ocular sealants and glues that can surpass the risks and side effects associated with the present sealants, thus leading to the better growth opportunities for the market players.
Ocular Sealants and Glues Market: Drivers and Restraints
Increasing demand for ocular sealants and glues as a substitute for traditional sutures procedure is the major driving factor for the growth of the ocular sealants and glues market. The increasing number of ophthalmic surgical procedures and advancement in technologies is further boosting the growth of the ocular sealants and glues market. Rising awareness among people for better surgical care is further supporting the growth of the ocular sealants market. Also, there are certain benefits of ocular sealants such as post-surgical comfort, cost-effectiveness, which in turn aiding in the growth of the ocular sealant and glues market. However, the risk of transmission of viral disease is one of the major restraint hampering the growth of the ocular sealants and glues market. Also, the high cost of launching and designing new product is further limiting the growth of the ocular sealants and glues market.
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Ocular Sealants and Glues Market: Overview
The ocular sealants and glues market is categorized into biological and synthetic ocular sealants and glues on the basis of product type. The fibrin biological ocular sealants and glues have significant market share among the product type, owing to its non-toxic and antimicrobial property. The end-user is classified into hospitals, ophthalmic clinics and ambulatory surgical care centers. Among the end-user segment, the ophthalmic clinics are expected to dominate the ocular sealants and glues market.
Ocular sealants and glues market: Region-wise outlook
North America has been accounted for significant market share in terms of revenue contribution and is expected to dominate the ocular sealants and glue market over the forecast period. This is attributed to the increasing ophthalmic surgeries in the region. The other factors such as increasing awareness of people towards surgical cares and advancements in technologies are further driving growth of the ocular sealants and glues market in the region. Asia Pacific is estimated to have significant growth during the forecast period in the ocular sealants and glues market, owing to the increase in a number of patients suffering from cataract and other eye disorders. This is also attributed to the high disposable income and improved healthcare facilities in the region.
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Ocular sealants and glues market: Key Players
Key players operating in the ocular sealants and glues market are Ocular Therapeutix Inc., Johnson & Johnson, Reliance Life-Sciences, Hyperbranch Medical Technology Inc.,Concord Drugs Limited, Connexicon Medical Ltd., Medline Industries, CSL Behring Gmbh, Thermogenesis Corp., And Baxter Ag.