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Application of adhesion barriers in gynaecological surgeries to remain at the vanguard; cardiovascular counterparts likely to boost demand

North America Likely to Hold a Higher Share in the Adhesion Barrier Market; Europe and Asia Pacific to Follow Suit

In this research on adhesion barrier market, use of adhesion barriers across various applications has been studied covering value and volume potential of the market in terms of sales and demand of adhesion barriers. According to this research, the valuation of the adhesion barrier market in North America, especially in the US is likely to remain at the forefront. The main factor driving this leadership in the domain is the increase in cardio and abdominal surgeries coupled with favourable reimbursement policies in the United States and Canada. On the other hand, Europe is expected to showcase a significant share in the adhesion barrier market. According to EU, a rise in abdominal surgeries was observed that touched a figure of 1.4 million in 2017 from 1.3 in 2016 in the region. This number is projected to rise in the following years, in turn impacting the use of adhesion barriers.  

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Demand for adhesion barriers in Asia Pacific, especially in the developing economies of India and China, is projected to expand at a significant rate in the forecasted period. Growing geriatric population and rising neurosurgery incidences remain influential in the use of adhesion barriers. Moreover, rising contribution of the private sector in terms of investment in the healthcare industry in these countries coupled with growth in medical tourism are boosting the demand for adhesion barriers and hence their market in Asia Pacific.

Improvement in surgical outcome – A Key aspect driving the demand for adhesion barriers

Positive growth of the healthcare industry has resulted in a shift toward value-based business in a bid to improve surgical outcomes and patient success. This has taken a center stage as professionals and healthcare organizations strive toward reducing the postoperative complications such as formation of abrasions. Against this backdrop, readmissions related to abrasion complications urge the use of adhesion barriers, as surgical success becomes imperative. Postoperative complications related to adhesion that cause pain, female infertility and bowel obstruction have triggered the use of adhesion barriers, thus embossing a positive impact on the adhesion barrier market.

Application of adhesion barriers in gynaecological surgeries to remain at the vanguard; cardiovascular counterparts likely to boost demand

Increasing use in gynaecological surgeries has remained pivotal in driving sales of different types of adhesion barriers, which is likely to influence the growth of the adhesion barrier market on the global front. In addition, growing adoption of film and gel type adhesion barriers in several gynaecological surgeries including but not limited to ovarian cystectomy, ectopic pregnancy and endometriosis surgery are complementing the growth of the adhesion barrier market worldwide. The market growth is also influenced with the rising number of laparoscopic procedures, which is likely to present potential opportunities for key stakeholders in the adhesion barrier market.

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Moreover, rising incidences of abdominal and cardiovascular surgeries, apart from their gynaecological counterparts, are likely to supplement the use of adhesion barriers, in turn paving new growth avenues for the adhesion barrier market. Rising heart related diseases are influencing demand for adhesion barriers in cardiovascular diseases. For instance, according to the CDC (Centers for Disease Control and Prevention), in the US, 1 death from cardiovascular disease is recorded every 37 seconds. Globally, over 17 million deaths, attributed to CVD, have been recorded by WHO, making cardiovascular disorders a prime cause of death. These statistics are pointing towards an increasing number of cardiovascular surgeries, which consecutively are linked toward the use of adhesion barriers paving an opportunistic growth path for the adhesion barrier market.

Adhesion barrier Market remains consolidated; Players focusing on NPD and acquisitions to maintain prominence

Leading players such as Ethicon and Sanofi account for a major share in the adhesion barrier market. With a combined revenue share of over 70%, these players are focusing on increased penetration of their products across several applications to maintain their status quo in the market. Conversely, with growing healthcare infrastructure and initiatives, number of new entrants is multiplying at a significant pace, albeit the barriers created by stringent regulatory framework. These companies are more focused on NPDs and their launches to establish themselves in this consolidated market. For instance, a US based privately held company, FzioMed, launched a novel adhesion barrier gel called Oxiplex/IU in October 2018. This product finds major use in intrauterine surgeries.

In addition, key market players are also focusing on acquisition strategy to strengthen their adhesion barrier portfolio and maintain an edge over the competition. In 2019, Sanofi’s Seprafilm adhesion barrier was acquired by Baxter for USD 350 million and the transaction closed in the first quarter of 2020.

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These statistics are being impacted by the COVID 19 pandemic, the influence of which is being evaluated. COVID impact on various healthcare domains such as cardiovascular and gynaecology procedures is likely to induce a sense of uncertainty in terms of value projections of adhesion barriers in the coming year, though its impact few years down the line remains blurred.

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3D printing reshaping healthcare domain and dental is no longer an exception

Dental implants installed in patient are custom-made for that respective individual, making it a patient-specific service in the healthcare domain. Against this backdrop, concept of one-size-fits-all does not go in parallel when it comes to braces or dentures, making it imperative to carry out multiple iterations. 3D printing becomes an ideal fit to carry out multiple iterations when it comes to cost effectiveness, and time saving. With 3D printing, it has become possible to produce unique surgical crowns, guides and trays in less time and in an economic manner. This has re-enforced the use of 3D printing dental devices, in turn shaping the market for 3D printing dental devices at a global level.

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Adoption of 3D printing dental devices cuts down tedious tasks such as taking physical measurements and impressions in turn increasing the convenience factor. With use of intra-oral scanners a 3D image can be created in much less time, aiding both the physician as well as the patient ultimately reducing the downtime. This aspect has remained instrumental in driving sales of 3D printing dental devices in turn favouring the growth of the global 3D printing dental device market, says the research report by credible markets.

Rising dental procedures on the back of increasing dental cases to spur sales of 3D printing dental devices

The global 3D printing dental device market continues to remain influenced with the increasing dental surgeries worldwide. According to WHO, over 530 million children are patients of dental caries of milk teeth (primary teeth). Moreover, FDI’s OHA (Oral Health Atlas) records that about 3 billion individuals globally were affected by untreated decay of permanent and primary teeth. Additionally, 85-90 % tooth decay needs endodontic procedures that include dental surgeries to substitute natural teeth with artificial teeth. This factor is expected to raise the demand for 3D printing dental devices, in turn spurring their sales across dental clinics and hospitals during the period of forecast.

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GDP per capita coupled with growth in geriatric population worldwide, spinning the market’s growth

The global 3D printing dental device market is projected to expand at a modest rate on the back of growing demand for 3D printing dental devices in dental clinics and hospitals. Moreover, the global 3D printing dental device market is largely influenced by the number of dental surgeries taking place worldwide, dental cosmetics playing a major role here. This can be attributed to growing geriatric population across various emerging and developed countries on the global front. In addition, the growth in sales of 3D printing dental devices is also supported by the GPD per capita. GDP per capita of developed economies such as US, Canada and other European countries is relatively higher than that of emerging economies such as India. This is underlining the spending power of individuals in cosmetic procedures, and dental surgeries are no exception. This has certainly influenced the use of various 3D printing dental devices in healthcare facilities, in turn increasing the dental expenditure ultimately resulting in the adoption of digital dentistry. Face value of this factor has proven pivotal in driving sales of 3D printing dental devices, consecutively pushing the global market’s growth in the coming years.

Over one-third market to remain under North America, says Credible Insights

According to the research report on global 3D printing dental device market crafted by Credible Insights, developed countries of US and Canada are expected to retain a lion’s share in the forthcoming years. Credible Insights predicts that North America is likely to reflect a one-third revenue share in the 3D printing dental device market during the forecast period. However, the firm also stresses on the fact that the scenario might change in the coming years, with the COVID pandemic at hand. Research is still in progress covering the possible impact of COVID-19 on 3D printing dental device market worldwide. Widening edentulous population, favourable government support and reimbursements policies continue to influence the growth of the 3D printing dental device market in the region. For example, Obamacare or the PPACA (Patient Protection and Affordable Care Act) provides quality and affordable insurance schemes. Moreover, government initiatives supporting research and development in the healthcare domain are also impacting the sales of 3D printing dental devices.

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A promising scenario – Stakeholders’ focus on NPD and acquisitions likely to create new avenues

Overall, the scenario of 3D printing dental device market worldwide is likely to witness a reticent growth path, with key stakeholders in the market focusing on new product launches and mergers and acquisitions. According to this research, mergers and acquisitions and NPDs have always been key strategies of players to establish and maintain a strong global footprint in the 3D printing dental device market. For instance, Vertex Global Holdings was acquired by 3D Systems in a bid to enhance the penetration of the later in the global market. According to the analysis of Credible Insights, the market certainly can offer a promising growth path in the coming years and key stakeholders in the 3D printing dental device market can expect a volley of growth opportunities through the period of forecast.

ABOUT CREDIBLE MARKETS

Credible Markets is a new-age market research company with a firm grip on the pulse of global markets. Our research reports leverage predictive analytical models to study the performance of critical markets, helping businesses make strategic, informed decisions.

Contact Us

Phone: +1(929)-450-2887

Email: sales@crediblemarkets.com

Website: https://www.crediblemarkets.com