The global Adhesion Barrier market was valued at USD 584.61 Million in 2020 and is projected to reach USD 1047.30 Million by 2028, growing at a CAGR of 7.56% from 2021 to 2028.
An adhesion barrier refers to a medical implant that is used for the reduction of abnormal internal scarring by adhesions following any surgery by separating the internal tissues and organs as long as they heal. It involves a proper surgical technique which is very much crucial to diminish adhesion formation. The increasing healthcare investments and developments in healthcare infrastructure is anticipated to drive the growth of the adhesion barrier market during the estimated timeframe.
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The COVID-19 pandemic is affecting industries worldwide and the global economy took a hit in 2020 and likely in 2021 as well. The outbreak created disruptions in industries such as semiconductor, consumer electronics, travel, and automotive, among others. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.
The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:
o Impact Assessment of COVID-19 Pandemic
o Pre & Post COVID-19 Market Size
o Qualitative analysis on the short term & long term impact of COVID-19 on the market
o The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.
The increasing application of adhesion barrier in various surgical procedures is likely to augment the growth of the market during the forecast periods. The adhesion barrier can be used in various surgeries like abdominal general surgeries, gynaecological surgeries, orthopedic surgeries, cardiovascular surgeries, neurological surgeries, and urological surgeries, among others. This is owing to the increasing patient population and rising incidence of invasive surgeries across the globe. Furthermore, the cardiovascular surgeries are expected to grow rapidly owing to the increasing frequency of heart-related diseases among population which is also supporting the growth of the market. Additionally, the increasing gynaecological surgeries due to the increasing percentage of gynaecologic laparoscopy procedures is also anticipated to support the growth of the adhesion barrier market in near future.
The market comprises of various small, medium, and large sized players spread across all the regions. Some of the key companies operating in the global Adhesion Barrier market are Atrium Medical Corporation, Anika Therapeutics Inc., MAST Biosurgery AG, Sanofi Group, Baxter International Inc., Integra Lifesciences Corporation, FzioMed Inc., C. R. Bard Inc., Johnson & Johnson, Medtronic Plc.. The report provides company market share analysis which gives a comprehensive overview of the key competitors in the market. In addition, the report also covers major strategies adopted by market players such as new product launch, acquisitions & mergers, partnerships, collaborations & joint ventures, research & development, and regional expansion. The study also covers the product portfolio of major companies operating in the market.
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