Estimates suggest that the absorbable tissue spacer market sale, which was estimated to be worth US$ 80 million in 2018, will expand significantly and surpass US$ 303.8 million by 2032. A prominent source of industry intelligence projects a strong Compound Annual Growth Rate (CAGR) of almost 10% from 2022 to 2032.
The increasing incidence of prostate cancer, especially among older men, is the main cause of this increase. According to data from the American Cancer Society, skin cancer is the most frequent cancer for males in America, with prostate cancer coming in second. According to the predicted incidence for 2019, there would be about 31,620 prostate cancer-related fatalities and 174,650 new cases. This concerning pattern highlights the urgent need for novel approaches to the treatment of cancer.
Geographically, Europe and North America are anticipated to collectively account for three-fourths of the revenue shares in the absorbable tissue spacer market by the end of 2032. North America, in particular, is witnessing substantial growth, driven by a strong presence of major market players and the escalating incidence of prostate cancer. Data from the National Cancer Institute, U.S., indicates that around 11.6% of men are likely to be diagnosed with prostate cancer during their lives. This consistent rise in prostate cancer incidence, coupled with the increasing demand for radiation therapy, is expected to propel the absorbable tissue spacer market’s growth throughout the forecast period.
The market dynamics underscore the urgency for advanced and effective solutions in cancer care. As key players in the absorbable tissue spacer market continue to innovate, the industry is poised for significant advancements in the years ahead.
Key Segment
By Product Type
- Hydrogel-Based Spacer
- Biodegradable Hyaluronic Acid Spacer
- Biodegradable Balloon Spacer
- Crystal-Based Spacer
By Application
- Radiotherapy
- Infection Management
By End Use
- Hospitals
- Ambulatory Surgical Centres
- Specialized Clinics
By Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- MEA
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
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