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How is Increasing Number of Surgical Procedures Driving Adhesion Barrier Market?
Adhesion Barrier Market to Register 7.5% CAGR during 2018–2023
By: P&S Intelligence
With the rapid advancements in medical science and healthcare, the utilization of adhesion barrier is rising rapidly across the globe. Moreover, surgeons have realized in the recent years that proper surgical and post-operative care is extremely crucial for reducing adhesion formation in patients' bodies. A major factor responsible for the growing number of surgeries in the world is the rising incidence of chronic diseases. In abdominal and gynecological surgeries, gel, liquid and film adhesion prevention formulations are used.
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Geographically, the adhesion barrier market will demonstrate rapid advancement in Asia-Pacific (APAC) in the forthcoming years, according to the forecast of P&S Intelligence, a market research firm. The main factors fueling the growth of the APAC market are the rising geriatric population and the growing medical tourism industry. The elderly people are highly vulnerable to fractures and injuries and thus their increasing population is causing a sharp surge in the number of surgical procedures being performed in the region.
Additionally, the surging geriatric population is augmenting the prevalence of chronic diseases, which is also pushing up the volume of surgical procedures being performed in the region. As per the 2017 World Population Ageing report published by the UN, in 2017, the total number of people in the age bracket 60 years and above in Asia was around 549.2 million. This number is predicted to rise to 1,273.2 million in 2050.