Press release
What's driving the Adhesion Barrier Market Growth? | Key Players are Medtronic, Sanofi, Johnson & Johnson, Getinge, Integra LifeSciences, Baxter International Inc., FzioMed, Inc., Anika Therapeutics
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The demand for adhesion barrier products is increasing due to increasing sports related injuries. The most common sports related injuries include sprains and strains. According to Stanford Children’s Health in the U.S., every year, more than 3.5 million injuries occur among 30 million children participating in any organized sport and one-third of all injuries that occur during childhood are sports-related injuries. The increasing burden of such sports related injuries is leading to increase in the demand for surgical services including adhesion barrier products, which further enforces government organizations and healthcare providers to provide facilities for effective surgical treatment.
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During the forecast period, adhesion barrier market in APAC is expected to witness the fastest growth, due to increasing medical tourism, and growing aging population that are more susceptible to injuries and fractures, which further contribute to the increase in number of surgeries. Additionally, major players as a part of their business strategies are investing in the untapped market of the region leading to its fastest growth.
With age-related chronic health conditions, the large pool of geriatric population in India and China continue to drive the adhesion barrier market growth. According to the World Population Ageing 2017 report, by the UN publication, in Asia, the number of people aged 60 years and above was approximately 549.2 million in 2017, and it is expected to reach 1,273.2 million by 2050. The demand for adhesion prevention products has also been increasing due to increasing number of road accidents in the region.
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Some of the other key players operating in the adhesion barrier industry:
1- Medtronic
2- Sanofi
3- Johnson & Johnson
4- Getinge
5- Integra LifeSciences
6- Baxter International Inc.
7- FzioMed, Inc.
8- Anika Therapeutics
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P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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