(MoneyNewsWire.Net, August 21, 2021 ) This report aims to provide detailed insights into the global adhesion barrier market. It provides valuable information on the type, procedure, application, and region in the market. Furthermore, the information for these segments, by region, is also presented in this report. Leading players in the market are profiled to study their product offerings and understand the strategies undertaken by them to be competitive in this market.
Revenue Growth Analysis:
The adhesion barrier market is valued at an estimated USD 529 million in 2020 and is projected to reach USD 769 million by 2025, at a CAGR of 7.8% during the forecast period.
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Baxter International is a well-established player in the adhesion barriers market. The company provides ADEPT adhesion prevention solutions, which are a widely used liquid adhesion barrier for gynecological surgeries and general/abdominal surgeries.. The company’s most recent acquisition of Sanofi’s Seprafilm product line enabled it to offer collaborative products in the biosurgery market. The company’s major strengths lie in its strong presence across the globe, brand name, and wide product portfolio. The company’s strong presence and its worldwide sales channels in approximately 100 countries will ensure its future growth in the adhesion barriers market.
Key Factors Driving Market Growth:
The increasing volume of surgeries and sports-related injuries, rising geriatric population, and the increasing awareness about adhesion formation and adhesion-related diseases are the major factors driving the growth of this market. On the other hand, the reluctance towards the usage of adhesion barriers amongst surgeons is expected to restrain the growth of adhesion barrier market during the forecast period.
The synthetic adhesion barriers accounted for the largest share of the Adhesion Barrier Market, by type of product, in 2019.
Based on products, the market is further segmented into synthetic and natural adhesion barriers. In 2019, the synthetic adhesion barriers segment accounted for the largest share of the market. Growth in this segment can be attributed to the large number of commercially available synthetic adhesion barriers and their higher utilization as compared to natural adhesion barriers by surgeons in various surgical procedures.
Gel based formulation is the fastest growing segment of the Adhesion Barrier Market, by formulation
Based on the type of formulation, the market is segmented into film formulations, gel formulations, and liquid formulations. In 2019, film formulations dominated the market owing to the higher adoption of the film form of adhesion barriers by surgeons, coupled with the availability of clinical safety and efficacy data for these formulations.
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North America will continue to dominate the Adhesion Barrier Market in 2025
On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. North America accounted for the largest share of the market. The large share of the market in North America can primarily be attributed to factors such as the well-developed healthcare system in the region, high public and private healthcare expenditure, growth in the geriatric population, and the increasing incidence of chronic and lifestyle disorders.
Mr. Aashish Mehra