Global Absorbable Tissue Spacer Market Projected to Reach USD 95 Million by 2026

16-Dec-2020 | Facts and Factors

Findings from Facts and Factors report “Absorbable Tissue Spacer Market By Product Type (Hydrogel-Based Spacer, Biodegradable Hyaluronic Acid Spacer, Biodegradable Balloon Spacer, And Crystal-Based Spacer), By Application (Radiotherapy, And Infection Management), By End Users (Hospitals, Ambulatory Surgical Centres, And Specialized Clinics): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Absorbable and Non-Absorbable Sutures Market in 2019 was approximately USD 95 Million. The market is expected to grow at a CAGR of 4.9% and is anticipated to reach around USD 132 Million by 2026.

Absorbable Tissue Spacer Market Size

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The Global Absorbable Tissue Spacer Market Is Powered By Increasing Prostate Cancer Incidence, Wide Popularity Of Cancer Care Radiation Therapy And Increased Investment And R&D In Healthcare.

With technological developments in the field of radiation, automation in radiation therapy is being fully deployed. In order to develop an effective treatment, radiation therapy centers are adopting advanced technologies that include absorbable tissue spacers at a rapid space. More efficient forms of treatment such as diagnosis and follow-up have been enabled by rapid technological advancement. The majority of developed and developing markets are investing in new technologies for radiation, such as absorbable tissue. The underlying need to enhance clinical productivity and to revitalize treatment is driving the target market.

Browse the full “Absorbable Tissue Spacer Market By Product Type (Hydrogel-Based Spacer, Biodegradable Hyaluronic Acid Spacer, Biodegradable Balloon Spacer, And Crystal-Based Spacer), By Application (Radiotherapy, And Infection Management), By End Users (Hospitals, Ambulatory Surgical Centres, And Specialized Clinics): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026report at https://www.fnfresearch.com/absorbable-tissue-spacer-market

The growing demand for radiation therapy around the globe is a key driving factor in the growth of the market for absorbable tissue spacers. A majority of patients with cancer receive radiation therapy and that eventually leads to the overall business growth. Furthermore, stringent regulatory requirements for the use of controlled high-energy rays during radiation therapy are in place. While this will initially slow down the growth of the industry, manufacturers will involve practitioners to perform clinical trials and develop more successful techniques. This is expected to generate sufficient business opportunities for the growth of the worldwide market.

The worldwide market for absorbable tissue spacer is categorized into product type, application, and end-use. Based on product type, the market has been classified into a biodegradable hyaluronic acid spacer, hydrogel-based spacer, crystal-based spacer, and biodegradable balloon spacer. Hydrogel-based tissue spacers are used in many cancer areas. The application of the prostate-rectum hydrogel spacer is a relatively secure technical procedure that is well tolerated and has a high rate of technical success. The spacer application significantly reduces the dose of rectal radiation and results in reductions in rectal toxicity, and improvements in the quality of life of the urine, intestines, and sex.

On the basis of application, the market is divided into radiotherapy, and infection management. In terms of end-use, the worldwide market for absorbable tissue spacer is segmented into ambulatory surgical centers, specialized clinics, and hospitals, among others. The hospital segment has accounted for prominent share of the global market. The segment is estimated to expand significantly during the forecast period, due to an increase in the number of prostate cancer, and the wide popularity of radiation therapy for cancer treatment.

In terms of geography, North America has accounted for the highest market share during the forecast period, due to the increasing number of prostate cancer and extensive research in the field of diagnostics is driving the market in this region. The ease of the regulations of the US government and the allocation of capital from different organizations, such as the National Institute of Health, provided researchers with the opportunity to invest further in developing absorbable tissue spacers. Therefore, it is projected to hold a major share of the global absorbable tissue spacer market due to the aforementioned factors. The Asia Pacific is anticipated to grow substantially over the projected years owing to investment in healthcare infrastructure.

Report Scope

Report Attribute

Details

Market Size in 2019

USD 95 Million

Projected Market Size in 2026

USD 132 Million

CAGR Growth Rate

4.9% CAGR

Base Year

2019

Forecast Years

2020-2026

Key Market Players

contain Boston Scientific, CR Bard, BioProtect, Palette Life Sciences, Biocomposites Limited, and Morita, and Others

Key Segment

By Product, Application, End-Use, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

Purchase Options

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Some of the leading players in the global market include

Boston Scientific, CR Bard, BioProtect, Palette Life Sciences, Biocomposites Limited, and Morita among others.

The taxonomy of the Absorbable Tissue Spacer market by its scope and segmentation is as follows:

By Product Type Analysis

  • Hydrogel-Based Spacer
  • Biodegradable Hyaluronic Acid Spacer
  • Biodegradable Balloon Spacer
  • Crystal-Based Spacer

By Application Analysis

  • Radiotherapy
  • Infection Management

By End UseAnalysis

  • Hospitals
  • Ambulatory Surgical Centres
  • Specialized Clinics

By Regional Segmentation Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • The UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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