NEW YORK, Sept. 27, 2018 (GLOBE NEWSWIRE) -- According to the market research report published by P&S Intelligence, adhesion barrier market is forecasted to generate revenue of $833.1 million by 2023. The market is mainly driven by rise in technological advancements, growing geriatric population, and rising number of surgical procedures.
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The different types of products available in the adhesion barrier market are synthetic and natural adhesion prevention products. Synthetic category is expected to observe faster growth in demand, witnessing a CAGR of 7.9% during the forecast period. The growth is mainly driven by the increasing adoption of synthetic adhesion prevention products due to their cost-effective and bioabsorbable properties.
On the basis of formulation, adhesion barrier market is segmented into film, gel, and liquid formulations. Film formulation category held the largest share of more than 50.0% in this market in 2017, owing to increasing number of surgical procedures consuming film adhesion barriers due to their low cost and availability of safety and efficacy data for this formulation category in various types of surgeries.
Among the various applications, gynecological surgery was the largest application area in the adhesion barrier market, with more than 21.0% share in 2017, demonstrating a CAGR of 8.3% during the forecast period. High risk of adhesion formation associated to post-gynecological surgeries has led to the increased adoption of anti-adhesive products among healthcare providers.
Browse report overview with 189 tables and 62 figures spread through 195 pages and detailed TOC on "Adhesion Barrier Market by Product (Synthetic [Hyaluronic Acid, Regenerated Cellulose, Polyethylene Glycol {PEG}], Natural [Collagen- & Protein-Based, Fibrin-Based]), by Formulation (Film, Gel, Liquid), by Application (Gynecological Surgeries, General/Abdominal Surgeries, Orthopedic Surgeries, Cardiovascular Surgeries, Neurological Surgeries, Urological Surgeries, Reconstructive Surgeries), by Geography (U.S., Canada, Germany, U.K., France, Italy, Spain, Japan, China, India) – Global Market Size, Share, Development, Growth, and Demand Forecast, 2013–2023" at: https://www.psmarketresearch.com/market-analysis/adhesion-barrier-market
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.
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Major key players in the global adhesion barrier market are developing products with advanced features that are designed to prevent adhesions. For instance, Luna Innovations Incorporated is developing TissuCoat, a two-component system in which biopolymer solutions are mixed, upon application, to form a thin barrier on the tissue surface. The resultant hydrogel is blue in color, which enables visualization of the area covered during application. TissuCoat can be applied over irregular tissue surfaces and can protect injuries for 7–14 days, as it is slowly resorbed and cleared from the body.
Some of the other key players operating in the adhesion barrier industry are Medtronic plc, Sanofi, Johnson & Johnson, Getinge AB, Integra Lifesciences Holdings Corporation, Baxter International Inc., C.R. Bard Inc., FzioMed Inc., MAST Biosurgery AG, and Anika Therapeutics Inc.
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