The ongoing COVID-19 pandemic has caused unprecedented interruptions in all the sectors of economy and manufacturing sector is not untouched by it. The atraumatic occlusion market is also likely to see some adverse effects of the pandemic in terms of closure of manufacturing units, delay in procurement of raw materials due to lockdown periods coupled with obstructed supply chain and logistics blockages for the distribution of final products.
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There would many drivers for the global market of atraumatic occlusion. One of the drivers for the market of atraumatic occlusion would be growing number of surgical procedures worldwide. Additionally, increasing awareness among people about surgical treatments for better life experience is also bound to drive the global market of atraumatic occlusion.
Growing prevalence of diseases like cardiovascular diseases, gastrointestinal disorders will also give a push to the global market for atraumatic occlusion. This coupled with growing geriatric population globally will also add to the list of drivers of the global market of atraumatic occlusion.
Lack of awareness among the population regarding surgical procedures in developing and underdeveloped countries coupled with lack favorable reimbursement scenario for the medical device can hinder the growth of global atraumatic occlusion market. Stringent regulations and unaffordability of certain surgeries can also result in the slow growth of the global atraumatic occlusion market.
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Atraumatic Occlusion Market: Segmentation
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According a report out of the total global disease burden, 28-32% are surgical conditions. With growing demand for the surgeries, the overall market for the atraumatic occlusion will continue to grow at a steady pace. Based on the product type, the conventional segments of clamps and clips can be expected to register maximum growth.
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North America is expected to dominate the global market of atraumatic occlusion owing to the more per capita expenditure on healthcare together with more awareness among the general population. Europe can be expected to the second most lucrative market as the geriatric population is growing in the continent.
East Asia and South Asia can be expected to be growing in the emerging markets owing to the increasing healthcare expenditure by the government. Middle East and Africa may be the least growing markets owing to lack of funds and awareness.
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