GlobalData06.11.19
The global surgical adhesion barriers market is expected to grow at a compound annual growth rate (CAGR) of 3 percent to reach $1.4 billionn by 2028, according to GlobalData, a data and analytics company.
The company’s latest report: "Surgical adhesion barriers—Wound Care Market Analysis and Forecast Model" reveals that Asia-Pacific will be one of the fastest growing regions at a CAGR of 3.8 percent between 2018 and 2028, with South and Central America and North America following closely behind at 3.4 percent and 3.3 percent, respectively.
Membrane surgical adhesion barriers remain the largest market category as they are widely available. However, a sizable portion of the market growth is supplied by the widening application for gel adhesion barriers, which can potentially treat a wider pool of patients than membrane adhesion barriers.
Aliyah Farouk, Medical Devices Analyst at GlobalData, commented, “In addition to increasing disease burdens and growing surgery markets, the importance of improving patient outcomes and ensuring safer surgical recoveries will continue to drive the growth of the market.”
Barriers to market growth include the increase of laparoscopic procedures. Compared to open surgeries, laparoscopic procedures do not require as many units of adhesion barriers. Smaller incisions on the patient and the use of more precise instruments would entail less bleeding and fewer risks for complications.
Farouk concluded, “The entry of gel adhesion barriers into the North American market following FDA approval is set to have a significant impact as utilization of the product is expected to increase due to reported advantages.”
Four-thousand of the world’s largest companies, including over 70 percent of FTSE 100 and 60 percent of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData’s unique data, analysis and solutions, all in one platform. GlobalData’s mission is to help clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, financial, technology and professional services sectors.
The company’s latest report: "Surgical adhesion barriers—Wound Care Market Analysis and Forecast Model" reveals that Asia-Pacific will be one of the fastest growing regions at a CAGR of 3.8 percent between 2018 and 2028, with South and Central America and North America following closely behind at 3.4 percent and 3.3 percent, respectively.
Membrane surgical adhesion barriers remain the largest market category as they are widely available. However, a sizable portion of the market growth is supplied by the widening application for gel adhesion barriers, which can potentially treat a wider pool of patients than membrane adhesion barriers.
Aliyah Farouk, Medical Devices Analyst at GlobalData, commented, “In addition to increasing disease burdens and growing surgery markets, the importance of improving patient outcomes and ensuring safer surgical recoveries will continue to drive the growth of the market.”
Barriers to market growth include the increase of laparoscopic procedures. Compared to open surgeries, laparoscopic procedures do not require as many units of adhesion barriers. Smaller incisions on the patient and the use of more precise instruments would entail less bleeding and fewer risks for complications.
Farouk concluded, “The entry of gel adhesion barriers into the North American market following FDA approval is set to have a significant impact as utilization of the product is expected to increase due to reported advantages.”
Four-thousand of the world’s largest companies, including over 70 percent of FTSE 100 and 60 percent of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData’s unique data, analysis and solutions, all in one platform. GlobalData’s mission is to help clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, financial, technology and professional services sectors.