The adhesion barrier market is being driven by the rising surgery volume, growing prevalence of sports injuries, increasing geriatric population, and technological advancements in the field. From $541.3 million in 2017, the revenue generated by the sale of such products is expected increase to $833.1 million by 2023. During the forecast period (2018–2023), the market is projected to grow at a CAGR of 7.5%. During surgeries, an adhesion barrier is placed between organs and tissues to prevent them from coming in contact with each other.
Under the product segment, the market is bifurcated into synthetic and natural adhesion barriers. Of these, the synthetic bifurcation led the adhesion barrier market size in 2017, with a 67.2% share, in terms of revenue. This is because, compared to natural products, the synthetic variants offer better ease of adhesion and flexibility. Additionally, they are also bioabsorbable and cost-efficient, which is why they will display the higher CAGR, of 7.9%, during the forecast period.
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One of the most important drivers for the sale of such products is the continuous increase in the number of surgeries. As per the World Health Organization (WHO) estimates, around 359.5 million were conducted across the world in 2012. Due to the rising incidents of cardiovascular diseases, arthritis, and other chronic diseases, this volume is expected to increase further in the coming years, which would propel the demand for surgical tools, including adhesion barriers. During surgery, such devices are placed between the injured tissues to promote healing.
During the historical period (2013–2017), the highest revenue to the adhesion barrier market was contributed by North America, owing to its increasing number of road accidents, growing surgery volume, rising chronic disease prevalence, and escalating healthcare expenditure. During the forecast period, Asia-Pacific (APAC) would observe the highest CAGR, as the geriatric population, volume of surgeries, and medical tourism activities are rising in the region and the major industry players are tapping its unexplored market.
Therefore, the demand for adhesion barriers will keep increasing, with the growing number of people going for surgeries.
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