Absorbable Tissue Spacers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Absorbable Tissue Spacers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : October, 2020 | Biotechnology | PPT format

Report Digest


Global Absorbable Tissue Spacers Market – Overview

Particle therapy or radiation therapy involves use of X-rays and high energy rays that destroy the cancerous cells in the tumor or target area. However, it also destroys normal and healthy cells near the target cell area. It can lead to several side effects on the body such as dry mouth and nausea. For tackling such issues, researchers have introduced absorbable tissue spacers that counter these side-effects. As per the research and clinical trials conducted by dosimetrists, the medical professionals generally do not prefer implantable rectal spacers or IRS because of the possibility of displacement after some period post deployment. It may lead to several complications. The manufacturers have thus introduced virtual absorbable tissue spacers with magnetic resonance imaging (MRI) and computed tomography (CT) technologies. These spacers can scan the area and give proper information to the doctors that empowers them to take better diagnostic decisions such as predicting the exact amount of absorbable tissue spacers needed for implantation.

Global Absorbable Tissue Spacers Market – Notable Developments

Some of the notable developments in the global absorbable tissue spacers market are given below:

  • In May 2019, BioProtect, one of the key names in the global absorbable tissue spacers market announced that the company has successfully closed the funding of around US$7 million. The funding was provided by the UK billionaire Vincent Tchenguiz. The funding is expected to boost the research and development activities of the company.
  • In August 2019, Boston Scientific Corporation announced that the company has completed its takeover of BTG Plc. BTG Plc is a big name in the market for development and commercialization of minimally invasive products that help in the treatment of cancer and nervous system diseases.
  • In June 2019, Boston Scientific Corporation announced that the company has successfully completed the acquisition of Vertiflex Inc.

Some other prominent names in the global absorbable tissue spacers market include names such as Augmenix, Palette Life Science, Roche, and BioComposites Inc. among others.

Global Absorbable Tissue Spacers Market – Drivers and Restraints

There are numerous factors that influence the overall growth of the global absorbable tissue spacers market. A key driving factor for the development of the absorbable tissue spacers market is the increasing demand for the radiation therapy across the globe. A majority of cancer patients undergo radiation therapy and that ultimately helps in the overall development of the market.

In addition to this, there are strict regulatory guidelines in place for the use of regulated high-energy rays during the radiation therapy. Though this will slow down the growth of the market initially, manufacturers will involve experts to conduct clinical trials and develop more efficient methods. This is projected to develop ample business opportunities for the growth of the global absorbable tissue spacers market.

Global Absorbable Tissue Spacers Market – Geographical Outlook

In terms of geographical segments, there are five key regions viz. Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. Of these, the global absorbable tissue spacers market is primarily dominated by Europe. The region was the sole contributor in the global market until recent years. However, the market in North America is projected to take a giant leap in terms of development over the course of the given forecast period. The growth of the North America absorbable tissue spacers market is expected to be driven by the growing approvals for these spacers by the regulatory bodies in the region. Also growing number of cases of cancer, particularly prostate and skin cancer are also likely to play a major role in driving the growth of the North America absorbable tissue spacers market.

Absorbable Tissue Spacer Market: Segmentation

Product type:

  • Absorbable Polyglycolic Acid (PGA) Spacers
  • Absorbable Hydrogel Spacer

Application:

  • Pancreatic Cancer
  • Liver Cancer
  • Prostate Cancer
  • Others

End user:

  • Hospitals
  • Cancer Treatment Centers
  • Cancer Research Centers

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?