Adhesion Barrier Market Valued USD 695 million in 2020 and will grow at 7.9% CAGR during 2021-2028 | Size, Industry Share & Report Forecast

Adhesion Barrier Market

The Adhesion Barrier Market was estimated around USD 695 million in 2020 and is expected to grow at a CAGR of 7.9% CAGR over the forecast period (2021-2028).

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The factors driving the growth of Adhesion Barrier Market includes rise in the number of trauma care centers around the world, increasing prevalence of gynecological disorders and neurological disorders around the world and growing awareness about adhesion formation.  According to the report published by Frontiers, neurological disorder emerged as the leading cause of disability and second leading cause of death, around 9 million people died worldwide due to neurological disorders, this on-going prevalence of neurological disorder is pushing healthcare instructions to adopt adhesion barrier solutions. Moreover, rise in Government's expenditure on the healthcare sector, growth in abdominal surgeries across the globe, increasing investments by leading players on research and development and growing adoption of advanced technologies by healthcare institutions, are some of the additional factors supplementing the Adhesion Barrier Market size. As per the Economic Survey, Government of India's expenditure on the Healthcare sector has increased from INR 2.73 lakh crore in 2019-20 to INR 4.72 lakh crore in 2021-22, rising by 73%, which is expected to boost the market growth in the coming years.

However, the growth of Adhesion Barrier Market is hindered due to rising concerns related to safety and efficacy of adhesion barriers.

The major players operating in the market are Getinge AB, Terumo Corporation, FzioMed, Inc., Baxter, Johnson & Johnson, BD, Integra LifeSciences Corporation, PS ADAMS, INC., Anika Therapeutics, Inc., and Innocoll Holdings, among others.

Based on Product, the Synthetic Adhesion Barriers segment is predicted to expand at a remarkable CAGR during the forecast period

Increasing use of Synthetic adhesion barriers in post-surgical adhesion prevention products along with resorbable properties of synthetic barriers, are some of the factors responsible for the growth of the segment.

Based on Application, the Gynecological Surgeries segment is projected to capture a sizeable market share over the forecast period

As per the Adhesion Barrier Market Analysis, increasing use of gel or film form adhesion barriers in gynecological procedures, is propelling the segment's growth.

Based on Region, the Asia-Pacific region is predicted to expand at a significant CAGR during the forecast period

According to the Adhesion Barrier Market Report, Rise in Government's expenditure on the Healthcare sector, increasing prevalence of neurological disorders, rapid urbanization, growing per capita income and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific.

Key Development

In 2020, Baxter completed the acquisition of Seprafilm Adhesion Barrier for USD 350 million. Through this acquisition, the company planned to bring Seprafilm products to the surgeon and hospital customers worldwide.

Market Segmentation

Segmentation by Product

Synthetic Adhesion Barriers
Natural Adhesion Barriers
Segmentation by Formulation

Film Formulations
Liquid Formulations
Gel Formulations

Segmentation by Application

Gynecological Surgeries
General/Abdominal Surgeries
Cardiovascular Surgeries
Orthopaedic Surgeries
Neurological Surgeries
Reconstructive Surgeries
Urological Surgeries
Others

Segmentation by Region

Asia Pacific
China
Japan
India
Rest of APAC

North America
United States of America
Canada

Europe
United Kingdom
Germany
France
Spain
Rest of Europe

RoW
Brazil
South Africa
Saudi Arabia
UAE

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This release was published on openPR.