Surgical Sealant Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Application
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The surgical sealant market underpins hemostatic and aerostatic closure in high-pressure tissue planes, deploying biocompatible polymers or proteins to augment sutures/staples in friable or pressurized sites, averting leaks that prolong stays (2–5 extra days), escalate pain (VAS +2–3), inflate costs ($5,000–10,000/case), and elevate mortality (1–3% absolute risk). These agents—fibrin glues, cyanoacrylates, PEG hydrogels, or albumin-glutaraldehyde—form covalent bonds or mechanical barriers, sealing vascular, neural, or pulmonary defects where traditional mechanics falter, particularly in minimally invasive ports (5–12mm) complicating knot-tying. In cardiac ops, they staunch anastomotic bleeds (200–500mL savings); pulmonary resections curb air leaks (prolonging ventilator time 24–48 hours); neurologic dura repairs stem CSF egress (reoperation 5–10% reduction); vascular adjuncts bolster end-to-end patency (thrombosis <2%). With procedural minimalism rising—laparoscopy/robotics comprising 60% general surgery—sealants slash closure times (5–10 min to 1–2 min), enhancing efficacy in obese or anticoagulated patients. By 2025, the global surgical sealant market is estimated at USD 200–400 million, propelled by volume-based care and biologics synergies. Projections indicate a CAGR of 4.5%–8.5% through 2030, mirroring surgical throughput growth and sprayable innovations, offset by adhesion variability in wet fields.
Regional Market Trends
● North America commands sealant adoption, driven by the United States, where AHRQ data logs 50 million annual procedures with CMS bundling sealants in CABG DRGs for 20% uptake. U.S. trends favor aerosolized fibrinogen in robotic cardiacs at Mayo hubs, addressing obesity-driven friability. Growth is projected at a CAGR of 3.5%–7.0% through 2030, underpinned by ACS guidelines on adjuncts for lung volumes, yet tempered by payer caps on premium biologics in Medicaid. Canada echoes via CIHI, emphasizing pulmonary sealants in thoracic networks, with Quebec facing supply strains in rural pneumonectomies.
● Europe advances steadily, with an estimated CAGR of 4.0%–7.5% through 2030, guided by ESVS/ESTS endorsements for vascular/pulmonary hybrids. Germany leads with precision applicators in Berlin's cardiac suites under G-BA, while the UK's NHS integrates glues in neuro-dura closures per NICE, curbing reops by 15%. France and Italy bolster via Mediterranean bariatrics, CE-marked cyanoacrylates for sleeve gastrectomies. HTA negotiations curb premiums, but EU MDR spurs antimicrobial variants; Poland upgrades via funds for minimally invasive toolkits.
● Asia-Pacific exhibits robust momentum, forecasting a CAGR of 5.5%–9.0% through 2030, reflecting procedural booms. China propels under Healthy China, NHC-subsidized fibrin for cardiac CABGs in Shanghai, with domestic PEGs scaling for cost. Japan/South Korea mature with robotic pulmonary seals in aging cohorts, JCS-backed. India surges in private Delhi neuro-centers for affordable glues in meningiomas, rural gaps persist. Australia's MSAC approves sprays, Thailand's tourism amplifies vascular adjuncts.
● Latin America progresses resiliently, with a CAGR of 4.0%–7.5% through 2030, anchored by Brazil's SUS for cardiac sealants in São Paulo's Chagas ops. Mexico imports via USMCA for neuro-dura in Guadalajara, PAHO aids Andean pneumatics.
● MEA unfolds as emerging vistas, at a CAGR of 3.5%–7.0% through 2030. UAE's Dubai deploys glues in expatriate cardiacs via HAAD, Saudi Vision 2030 equips for pulmonary TB resections, South Africa's Johannesburg targets vascular in HIV vasculitides, WHO bridges sub-Saharan logistics.
Application Analysis
Surgical sealants apply across cardiac (CABG anastomoses, leak-free 90% at 24h), vascular (endoleaks <5%), neurologic (CSF barriers, hydrocephalus 10% drop), pulmonary (air-tight lobectomies, 70% prolonged leak prevention), and others (hepatic/gyne), enhancing 20–30% closure in pressurized tissues. Cardiacs demand flowable agents resisting 200mmHg; vascular cyanoacrylates bond friable ends; neuro PEGs conform to dura contours; pulmonary foams expand in alveoli. Trends: Sprayable robotics for MIS (precision +40%), antimicrobial loadings curb SSIs (15% reduction), bioresorbables (6–12wk degradation) for pediatrics; volumes rise 10% yearly in oncology resections.
Company Profiles
● Baxter: Fibrinogen leader, Baxter's Tisseel kit seals cardiac bleeds with dual-barrel mixing, global registries showing 85% hemostasis in 5min. Targets European neuro expansions.
● Ethicon: Johnson & Johnson's EVICEL fibrinogen excels in pulmonary wedges, with Vicryl synergies for layered vasculars. Strong in U.S. robotics.
● Grena Ltd: Affordable glues for APAC cardiacs, Grena's sprays emphasize ergonomic applicators for MIS.
● Integra LifeSciences: DuraSeal PEG for neuro, Integra's hydrogel cures in 2min, reducing reops in craniotomies.
● BD: Cyanoacrylate innovator, BD's Dermabond bolsters vascular adjuncts, with antimicrobial variants for contaminated fields.
● Artivion: BioGlue albumin-glutaraldehyde for aortic seals, Artivion's formula bonds in wet fields, Latin American cardiac focus.
Industry Value Chain Analysis
Sealant chain starts R&D, polymer chemists formulate crosslinkers to ISO 10993, 3–5 years with GLP trials on adhesion >500kPa and lysis <90 days. Integrates rheology for sprayability, FDA 510(k)s on leak pressures.
Manufacturing in GMP suites mixes proteins/polymers, Baxter's verticality hedges albumin sourcing. Lyophilization and sterility via gamma ensure 2-year stability, scalable via microfluidics.
Distribution B2B to ORs via McKesson, refrigerated for biologics.
Commercialization via ACS demos and sims, HTA on LOS reductions (1.5 days). Pharmacovigilance via FAERS iterates biocompatibility, sustainability via plant-based glues.
Opportunities and Challenges
● Opportunities:
* Robotic MIS synergies, where sprays cut cardiac times 20%, tapping APAC volumes.
* Antimicrobial bioresorbables, slashing 15% SSIs in pulmonary oncology.
* Bundled cardiac kits, enhancing value in U.S. ACOs for CABG efficiencies.
* Emerging neuro for MEA traumas, WHO-subsidized dura seals.
* Plant-derived polymers, aligning ESG for European tenders.
● Challenges:
* Wet-field adhesion failures (20–30%), demanding shear-thinning formulas.
* Biocompatibility variabilities, with 5% hypersensitivity in fibrins.
* Cost premiums ($200–500/unit), pressuring volume pricing.
* Regulatory for sprays, extending CE timelines.
* Degradation inconsistencies, risking adhesions in vascular long-terms.
Chapter 1 Executive Summary
Chapter 2 Abbreviation and Acronyms
Chapter 3 Preface
3.1 Research Scope
3.2 Research Sources
3.2.1 Data Sources
3.2.2 Assumptions
3.3 Research Method
Chapter 4 Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users
Chapter 5 Market Trend Analysis
5.1 introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats
Chapter 6 industry Chain Analysis
6.1 Upstream/Suppliers Analysis
6.2 Surgical Sealant Analysis
6.2.1 Technology Analysis
6.2.2 Cost Analysis
6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users
Chapter 7 Latest Market Dynamics
7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics
Chapter 8 Trading Analysis
8.1 Export of Surgical Sealant by Region
8.2 Import of Surgical Sealant by Region
8.3 Balance of Trade
Chapter 9 Historical and Forecast Surgical Sealant Market in North America (2020-2030)
9.1 Surgical Sealant Market Size
9.2 Surgical Sealant Demand by End Use
9.3 Competition by Players/Suppliers
9.4 Type Segmentation and Price
9.5 Key Countries Analysis
9.5.1 United States
9.5.2 Canada
9.5.3 Mexico
Chapter 10 Historical and Forecast Surgical Sealant Market in South America (2020-2030)
10.1 Surgical Sealant Market Size
10.2 Surgical Sealant Demand by End Use
10.3 Competition by Players/Suppliers
10.4 Type Segmentation and Price
10.5 Key Countries Analysis
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Chile
10.5.4 Peru
Chapter 11 Historical and Forecast Surgical Sealant Market in Asia & Pacific (2020-2030)
11.1 Surgical Sealant Market Size
11.2 Surgical Sealant Demand by End Use
11.3 Competition by Players/Suppliers
11.4 Type Segmentation and Price
11.5 Key Countries Analysis
11.5.1 China
11.5.2 india
11.5.3 Japan
11.5.4 South Korea
11.5.5 Southest Asia
11.5.6 Australia
Chapter 12 Historical and Forecast Surgical Sealant Market in Europe (2020-2030)
12.1 Surgical Sealant Market Size
12.2 Surgical Sealant Demand by End Use
12.3 Competition by Players/Suppliers
12.4 Type Segmentation and Price
12.5 Key Countries Analysis
12.5.1 Germany
12.5.2 France
12.5.3 United Kingdom
12.5.4 Italy
12.5.5 Spain
12.5.6 Belgium
12.5.7 Netherlands
12.5.8 Austria
12.5.9 Poland
12.5.10 Russia
Chapter 13 Historical and Forecast Surgical Sealant Market in MEA (2020-2030)
13.1 Surgical Sealant Market Size
13.2 Surgical Sealant Demand by End Use
13.3 Competition by Players/Suppliers
13.4 Type Segmentation and Price
13.5 Key Countries Analysis
13.5.1 Egypt
13.5.2 Israel
13.5.3 South Africa
13.5.4 Gulf Cooperation Council Countries
13.5.5 Turkey
Chapter 14 Summary For Global Surgical Sealant Market (2020-2025)
14.1 Surgical Sealant Market Size
14.2 Surgical Sealant Demand by End Use
14.3 Competition by Players/Suppliers
14.4 Type Segmentation and Price
Chapter 15 Global Surgical Sealant Market Forecast (2025-2030)
15.1 Surgical Sealant Market Size Forecast
15.2 Surgical Sealant Demand Forecast
15.3 Competition by Players/Suppliers
15.4 Type Segmentation and Price Forecast
Chapter 16 Analysis of Global Key Vendors
15.1 Baxter
15.1.1 Company Profile
15.1.2 Main Business and Surgical Sealant Information
15.1.3 SWOT Analysis of Baxter
15.1.4 Baxter Surgical Sealant Sales, Revenue, Price and Gross Margin (2020-2025)
15.2 Ethicon
15.2.1 Company Profile
15.2.2 Main Business and Surgical Sealant Information
15.2.3 SWOT Analysis of Ethicon
15.2.4 Ethicon Surgical Sealant Sales, Revenue, Price and Gross Margin (2020-2025)
15.3 Grena Ltd
15.3.1 Company Profile
15.3.2 Main Business and Surgical Sealant Information
15.3.3 SWOT Analysis of Grena Ltd
15.3.4 Grena Ltd Surgical Sealant Sales, Revenue, Price and Gross Margin (2020-2025)
15.4 Integra LifeSciences
15.4.1 Company Profile
15.4.2 Main Business and Surgical Sealant Information
15.4.3 SWOT Analysis of Integra LifeSciences
15.4.4 Integra LifeSciences Surgical Sealant Sales, Revenue, Price and Gross Margin (2020-2025)
15.5 BD
15.5.1 Company Profile
15.5.2 Main Business and Surgical Sealant Information
15.5.3 SWOT Analysis of BD
15.5.4 BD Surgical Sealant Sales, Revenue, Price and Gross Margin (2020-2025)
15.6 Artivion
15.6.1 Company Profile
15.6.2 Main Business and Surgical Sealant Information
15.6.3 SWOT Analysis of Artivion
15.6.4 Artivion Surgical Sealant Sales, Revenue, Price and Gross Margin (2020-2025)
Please ask for sample pages for full companies list
Table Research Scope of Surgical Sealant Report
Table Data Sources of Surgical Sealant Report
Table Major Assumptions of Surgical Sealant Report
Table Surgical Sealant Classification
Table Surgical Sealant Applications List
Table Drivers of Surgical Sealant Market
Table Restraints of Surgical Sealant Market
Table Opportunities of Surgical Sealant Market
Table Threats of Surgical Sealant Market
Table Raw Materials Suppliers List
Table Different Production Methods of Surgical Sealant
Table Cost Structure Analysis of Surgical Sealant
Table Key End Users List
Table Latest News of Surgical Sealant Market
Table Merger and Acquisition List
Table Planned/Future Project of Surgical Sealant Market
Table Policy of Surgical Sealant Market
Table 2020-2030 Regional Export of Surgical Sealant
Table 2020-2030 Regional Import of Surgical Sealant
Table 2020-2030 Regional Trade Balance
Table 2020-2030 North America Surgical Sealant Market Size and Market Volume List
Table 2020-2030 North America Surgical Sealant Demand List by Application
Table 2020-2025 North America Surgical Sealant Key Players Sales List
Table 2020-2025 North America Surgical Sealant Key Players Market Share List
Table 2020-2030 North America Surgical Sealant Demand List by Type
Table 2020-2025 North America Surgical Sealant Price List by Type
Table 2020-2030 United States Surgical Sealant Market Size and Market Volume List
Table 2020-2030 United States Surgical Sealant Import & Export List
Table 2020-2030 Canada Surgical Sealant Market Size and Market Volume List
Table 2020-2030 Canada Surgical Sealant Import & Export List
Table 2020-2030 Mexico Surgical Sealant Market Size and Market Volume List
Table 2020-2030 Mexico Surgical Sealant Import & Export List
Table 2020-2030 South America Surgical Sealant Market Size and Market Volume List
Table 2020-2030 South America Surgical Sealant Demand List by Application
Table 2020-2025 South America Surgical Sealant Key Players Sales List
Table 2020-2025 South America Surgical Sealant Key Players Market Share List
Table 2020-2030 South America Surgical Sealant Demand List by Type
Table 2020-2025 South America Surgical Sealant Price List by Type
Table 2020-2030 Brazil Surgical Sealant Market Size and Market Volume List
Table 2020-2030 Brazil Surgical Sealant Import & Export List
Table 2020-2030 Argentina Surgical Sealant Market Size and Market Volume List
Table 2020-2030 Argentina Surgical Sealant Import & Export List
Table 2020-2030 Chile Surgical Sealant Market Size and Market Volume List
Table 2020-2030 Chile Surgical Sealant Import & Export List
Table 2020-2030 Peru Surgical Sealant Market Size and Market Volume List
Table 2020-2030 Peru Surgical Sealant Import & Export List
Table 2020-2030 Asia & Pacific Surgical Sealant Market Size and Market Volume List
Table 2020-2030 Asia & Pacific Surgical Sealant Demand List by Application
Table 2020-2025 Asia & Pacific Surgical Sealant Key Players Sales List
Table 2020-2025 Asia & Pacific Surgical Sealant Key Players Market Share List
Table 2020-2030 Asia & Pacific Surgical Sealant Demand List by Type
Table 2020-2025 Asia & Pacific Surgical Sealant Price List by Type
Table 2020-2030 China Surgical Sealant Market Size and Market Volume List
Table 2020-2030 China Surgical Sealant Import & Export List
Table 2020-2030 India Surgical Sealant Market Size and Market Volume List
Table 2020-2030 India Surgical Sealant Import & Export List
Table 2020-2030 Japan Surgical Sealant Market Size and Market Volume List
Table 2020-2030 Japan Surgical Sealant Import & Export List
Table 2020-2030 South Korea Surgical Sealant Market Size and Market Volume List
Table 2020-2030 South Korea Surgical Sealant Import & Export List
Table 2020-2030 Southeast Asia Surgical Sealant Market Size List
Table 2020-2030 Southeast Asia Surgical Sealant Market Volume List
Table 2020-2030 Southeast Asia Surgical Sealant Import List
Table 2020-2030 Southeast Asia Surgical Sealant Export List
Table 2020-2030 Australia Surgical Sealant Market Size and Market Volume List
Table 2020-2030 Australia Surgical Sealant Import & Export List
Table 2020-2030 Europe Surgical Sealant Market Size and Market Volume List
Table 2020-2030 Europe Surgical Sealant Demand List by Application
Table 2020-2025 Europe Surgical Sealant Key Players Sales List
Table 2020-2025 Europe Surgical Sealant Key Players Market Share List
Table 2020-2030 Europe Surgical Sealant Demand List by Type
Table 2020-2025 Europe Surgical Sealant Price List by Type
Table 2020-2030 Germany Surgical Sealant Market Size and Market Volume List
Table 2020-2030 Germany Surgical Sealant Import & Export List
Table 2020-2030 France Surgical Sealant Market Size and Market Volume List
Table 2020-2030 France Surgical Sealant Import & Export List
Table 2020-2030 United Kingdom Surgical Sealant Market Size and Market Volume List
Table 2020-2030 United Kingdom Surgical Sealant Import & Export List
Table 2020-2030 Italy Surgical Sealant Market Size and Market Volume List
Table 2020-2030 Italy Surgical Sealant Import & Export List
Table 2020-2030 Spain Surgical Sealant Market Size and Market Volume List
Table 2020-2030 Spain Surgical Sealant Import & Export List
Table 2020-2030 Belgium Surgical Sealant Market Size and Market Volume List
Table 2020-2030 Belgium Surgical Sealant Import & Export List
Table 2020-2030 Netherlands Surgical Sealant Market Size and Market Volume List
Table 2020-2030 Netherlands Surgical Sealant Import & Export List
Table 2020-2030 Austria Surgical Sealant Market Size and Market Volume List
Table 2020-2030 Austria Surgical Sealant Import & Export List
Table 2020-2030 Poland Surgical Sealant Market Size and Market Volume List
Table 2020-2030 Poland Surgical Sealant Import & Export List
Table 2020-2030 Russia Surgical Sealant Market Size and Market Volume List
Table 2020-2030 Russia Surgical Sealant Import & Export List
Table 2020-2030 MEA Surgical Sealant Market Size and Market Volume List
Table 2020-2030 MEA Surgical Sealant Demand List by Application
Table 2020-2025 MEA Surgical Sealant Key Players Sales List
Table 2020-2025 MEA Surgical Sealant Key Players Market Share List
Table 2020-2030 MEA Surgical Sealant Demand List by Type
Table 2020-2025 MEA Surgical Sealant Price List by Type
Table 2020-2030 Egypt Surgical Sealant Market Size and Market Volume List
Table 2020-2030 Egypt Surgical Sealant Import & Export List
Table 2020-2030 Israel Surgical Sealant Market Size and Market Volume List
Table 2020-2030 Israel Surgical Sealant Import & Export List
Table 2020-2030 South Africa Surgical Sealant Market Size and Market Volume List
Table 2020-2030 South Africa Surgical Sealant Import & Export List
Table 2020-2030 Gulf Cooperation Council Countries Surgical Sealant Market Size and Market Volume List
Table 2020-2030 Gulf Cooperation Council Countries Surgical Sealant Import & Export List
Table 2020-2030 Turkey Surgical Sealant Market Size and Market Volume List
Table 2020-2030 Turkey Surgical Sealant Import & Export List
Table 2020-2025 Global Surgical Sealant Market Size List by Region
Table 2020-2025 Global Surgical Sealant Market Size Share List by Region
Table 2020-2025 Global Surgical Sealant Market Volume List by Region
Table 2020-2025 Global Surgical Sealant Market Volume Share List by Region
Table 2020-2025 Global Surgical Sealant Demand List by Application
Table 2020-2025 Global Surgical Sealant Demand Market Share List by Application
Table 2020-2025 Global Surgical Sealant Key Vendors Sales List
Table 2020-2025 Global Surgical Sealant Key Vendors Sales Share List
Table 2020-2025 Global Surgical Sealant Key Vendors Revenue List
Table 2020-2025 Global Surgical Sealant Key Vendors Revenue Share List
Table 2020-2025 Global Surgical Sealant Demand List by Type
Table 2020-2025 Global Surgical Sealant Demand Market Share List by Type
Table 2020-2025 Regional Surgical Sealant Price List
Table 2025-2030 Global Surgical Sealant Market Size List by Region
Table 2025-2030 Global Surgical Sealant Market Size Share List by Region
Table 2025-2030 Global Surgical Sealant Market Volume List by Region
Table 2025-2030 Global Surgical Sealant Market Volume Share List by Region
Table 2025-2030 Global Surgical Sealant Demand List by Application
Table 2025-2030 Global Surgical Sealant Demand Market Share List by Application
Table 2025-2030 Global Surgical Sealant Key Vendors Sales List
Table 2025-2030 Global Surgical Sealant Key Vendors Sales Share List
Table 2025-2030 Global Surgical Sealant Key Vendors Revenue List
Table 2025-2030 Global Surgical Sealant Key Vendors Revenue Share List
Table 2025-2030 Global Surgical Sealant Demand List by Type
Table 2025-2030 Global Surgical Sealant Demand Market Share List by Type
Table 2025-2030 Surgical Sealant Regional Price List
Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Surgical Sealant Picture
Figure 2020-2030 Regional Trade Balance
Figure 2020-2030 North America Surgical Sealant Market Size and CAGR
Figure 2020-2030 North America Surgical Sealant Market Volume and CAGR
Figure 2020-2030 South America Surgical Sealant Market Size and CAGR
Figure 2020-2030 South America Surgical Sealant Market Volume and CAGR
Figure 2020-2030 Asia & Pacific Surgical Sealant Market Size and CAGR
Figure 2020-2030 Asia & Pacific Surgical Sealant Market Volume and CAGR
Figure 2020-2030 Europe Surgical Sealant Market Size and CAGR
Figure 2020-2030 Europe Surgical Sealant Market Volume and CAGR
Figure 2020-2030 MEA Surgical Sealant Market Size and CAGR
Figure 2020-2030 MEA Surgical Sealant Market Volume and CAGR
Figure 2020-2025 Global Surgical Sealant Market Volume and Growth Rate
Figure 2020-2025 Global Surgical Sealant Market Size and Growth Rate
Figure 2025-2030 Global Surgical Sealant Market Volume and Growth Rate
Figure 2025-2030 Global Surgical Sealant Market Size and Growth Rate
Research Methodology
- Market Estimated Methodology:
Bottom-up & top-down approach, supply & demand approach are the most important method which is used by HDIN Research to estimate the market size.
1)Top-down & Bottom-up Approach
Top-down approach uses a general market size figure and determines the percentage that the objective market represents.
Bottom-up approach size the objective market by collecting the sub-segment information.
2)Supply & Demand Approach
Supply approach is based on assessments of the size of each competitor supplying the objective market.
Demand approach combine end-user data within a market to estimate the objective market size. It is sometimes referred to as bottom-up approach.
- Forecasting Methodology
- Numerous factors impacting the market trend are considered for forecast model:
- New technology and application in the future;
- New project planned/under contraction;
- Global and regional underlying economic growth;
- Threatens of substitute products;
- Industry expert opinion;
- Policy and Society implication.
- Analysis Tools
1)PEST Analysis
PEST Analysis is a simple and widely used tool that helps our client analyze the Political, Economic, Socio-Cultural, and Technological changes in their business environment.
- Benefits of a PEST analysis:
- It helps you to spot business opportunities, and it gives you advanced warning of significant threats.
- It reveals the direction of change within your business environment. This helps you shape what you’re doing, so that you work with change, rather than against it.
- It helps you avoid starting projects that are likely to fail, for reasons beyond your control.
- It can help you break free of unconscious assumptions when you enter a new country, region, or market; because it helps you develop an objective view of this new environment.
2)Porter’s Five Force Model Analysis
The Porter’s Five Force Model is a tool that can be used to analyze the opportunities and overall competitive advantage. The five forces that can assist in determining the competitive intensity and potential attractiveness within a specific area.
- Threat of New Entrants: Profitable industries that yield high returns will attract new firms.
- Threat of Substitutes: A substitute product uses a different technology to try to solve the same economic need.
- Bargaining Power of Customers: the ability of customers to put the firm under pressure, which also affects the customer's sensitivity to price changes.
- Bargaining Power of Suppliers: Suppliers of raw materials, components, labor, and services (such as expertise) to the firm can be a source of power over the firm when there are few substitutes.
- Competitive Rivalry: For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry.
3)Value Chain Analysis
Value chain analysis is a tool to identify activities, within and around the firm and relating these activities to an assessment of competitive strength. Value chain can be analyzed by primary activities and supportive activities. Primary activities include: inbound logistics, operations, outbound logistics, marketing & sales, service. Support activities include: technology development, human resource management, management, finance, legal, planning.
4)SWOT Analysis
SWOT analysis is a tool used to evaluate a company's competitive position by identifying its strengths, weaknesses, opportunities and threats. The strengths and weakness is the inner factor; the opportunities and threats are the external factor. By analyzing the inner and external factors, the analysis can provide the detail information of the position of a player and the characteristics of the industry.
- Strengths describe what the player excels at and separates it from the competition
- Weaknesses stop the player from performing at its optimum level.
- Opportunities refer to favorable external factors that the player can use to give it a competitive advantage.
- Threats refer to factors that have the potential to harm the player.
- Data Sources
Primary Sources | Secondary Sources |
---|---|
Face to face/Phone Interviews with market participants, such as: Manufactures; Distributors; End-users; Experts. Online Survey |
Government/International Organization Data: Annual Report/Presentation/Fact Book Internet Source Information Industry Association Data Free/Purchased Database Market Research Report Book/Journal/News |