Adhesion Barrier Market Propelled by Increasing Surgery Volume | Sanofi, Johnson & Johnson, Baxter International Inc., FzioMed, Inc., Anika Therapeutics

The adhesion barrier market is being driven by the rising surgery volume, growing prevalence of sports injuries, increasing geriatric population, and technological advancements in the field. From $541.3 million in 2017, the revenue generated by the sale of such products is expected increase to $833.1 million by 2023. During the forecast period (2018-2023), the market is projected to grow at a CAGR of 7.5%. During surgeries, an adhesion barrier is placed between organs and tissues to prevent them from coming in contact with each other.

Adhesion Barrier Market Key Players are:
1- Sanofi
2- Johnson & Johnson
3- Baxter International Inc.
4- FzioMed, Inc.
5- Anika Therapeutics

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Under the product segment, the market is bifurcated into synthetic and natural adhesion barriers. Of these, the synthetic bifurcation led the adhesion barrier market in 2017, with a 67.2% share, in terms of revenue. This is because, compared to natural products, the synthetic variants offer better ease of adhesion and flexibility. Additionally, they are also bioabsorbable and cost-efficient, which is why they will display the higher CAGR, of 7.9%, during the forecast period.

During the historical period (2013-2017), the highest revenue to the adhesion barrier market was contributed by North America, owing to its increasing number of road accidents, growing surgery volume, rising chronic disease prevalence, and escalating healthcare expenditure. During the forecast period, Asia-Pacific (APAC) would observe the highest CAGR, as the geriatric population, volume of surgeries, and medical tourism activities are rising in the region and the major industry players are tapping its unexplored market.

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GLOBAL ADHESION BARRIER MARKET SEGMENTATION
Market Segmentation by Product
o Synthetic
o Hyaluronic acid
o Regenerated cellulose
o Polyethylene glycol (PEG)
o Others
o Natural
o Collagen- and protein-based
o Fibrin-based
Market Segmentation by Formulation
o Film
o Gel
o Liquid
Market Segmentation by Application
o Gynecological Surgeries
o General/Abdominal Surgeries
o Orthopedic Surgeries
o Cardiovascular Surgeries
o Neurological Surgeries
o Urological Surgeries
o Reconstructive Surgeries

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