Adhesion Barrier Market | Business Overview, Products & Services, Key Insights, Recent Developments
The adhesion barriers market is valued at 536.6 Million in 2017 and is expected to grow at a CAGR of 7.2%
(firmenpresse) - The adhesion barriers market is expected to reach USD 806.4 million by 2023 from USD 570.7 million in 2018, at a CAGR of 7.2%.
The increasing volume of surgeries and sports-related injuries, rising geriatric population, and the increasing awareness about adhesion formation & adhesion-related diseases are the major factors driving the growth of this market.
The report analyzes the adhesion barrier market and aims at estimating the market size and future growth potential of this market based on various segments such as product, formulation, application, and region. The report also includes a product portfolio matrix and product pipeline analysis of adhesion barriers available in the market and are under one of the clinical trial phases respectively. The report also provides competitive analysis of the key players in this market along with their company profiles, product offerings, recent developments, and key market strategies.
Objectives of Adhesion Barrier Market Analysis Study:
To define, describe, and forecast the adhesion barrier market by product, formulation, application, and region.
To provide detailed information about the factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To profile the key players in the adhesion barrier market and comprehensively analyze their core competencies
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The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help them, garner a greater share of the market.
This research on Adhesion Barrier Market provides insights into the following pointers:
Market Penetration: Comprehensive information on product portfolios offered by the top players in the global adhesion barrier market. The report analyzes this market by product, formulation, application, and region.
Product Enhancement/Innovation: Detailed insights on upcoming trends and product launches in the global adhesion barrier market
Market Diversification: Exhaustive information about new products or product enhancements, growing geographies, recent developments, and investments in the global adhesion barrier market
Sanofi (France) dominated the global adhesion barriers market with the largest share in 2017. The company offers the “Seprafilm” product which is one of the top-selling brands in the global adhesion barriers market for gynecological/pelvic and abdominal/general surgeries. Sanofi’s leading position in the market is attributed to its strong manufacturing and distributing capabilities—the company has 400 subsidiaries present across the globe.
The company primarily pursues the strategies of customer relationship management and maintaining brand value to garner a large market share. The overall revenue growth of the company is 3.6% between 2016 and 2017; however, there is a decline in the revenue growth of the company’s pharmaceutical business segment due to the decline in sales of the US.
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Analysis of Types of Adhesion Barrier:
Based on the type, the synthetic adhesion barriers market is further categorized into hyaluronic acid, regenerated cellulose, polyethylene glycol, and other synthetic adhesion barriers such as, combination products of polyethylene oxide and carboxymethylcellulose, icodextrin, silicone rubber, expanded polytetrafluorethylene (ePTFE) membrane, and hydrogel.
Adhesion Barrier Market Application Analysis:
Based on application area, the market is further segmented into gynecological surgeries, general/abdominal surgeries, cardiovascular surgeries, orthopedic surgeries, neurological surgeries, reconstructive surgeries, urological surgeries, and other surgeries (such as ear, nose, throat, and burn surgeries). The gynecoological surgeries dominated the adhesion barriers market in 2017, however, neurological surgeries are estimated to register the highest growth during the forecast period.
Geographic Analysis of Adhesion Barrier Market:
Geographically, the adhesion barriers market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific is expected to witness the highest CAGR during the forecast period, owing to factors such as large populations affected by chronic diseases in countries such as China and India, increase in the volume of surgical procedures in Asia Pacific countries, improving healthcare infrastructure, growing per capita income, rising medical tourism, and rising focus of key market players on this region.
With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs.
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