Biosurgery Market size was USD 11.45 billion in 2020 and is expected to register a revenue CAGR of 5.4% during the forecast period.
Biosurgery Market size was USD 11.45 billion in 2020 and is expected to register a revenue CAGR of 5.4% during the forecast period. Steady global biosurgery market revenue growth can be attributed to rapidly increasing use of biosurgery products in the healthcare sector for different surgical procedures. Increasing number of orthopedic procedures due to increasing geriatric population and obesity and rising awareness regarding technologically advanced procedures are other factors driving market revenue growth.
Biosurgery market is one of the fastest growing markets in the medical field. Biosurgery comprises biological surgical elements, bone-graft substitutes, soft tissue management, hemostatic agents, and others. These biosurgery products help surgeons and medical professionals in treating injuries effectively and efficiently.
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Moreover, rising prevalence of cardiovascular disorders and general surgeries has increased demand for biosurgery products. Increasing geriatric population, rising incidence of sports-related injuries, increasing obesity, and growing awareness regarding benefits of biosurgery procedures are boosting market revenue growth.
High cost of biosurgery products as well as that of advanced surgical procedures are anticipated to hamper market revenue growth. Additionally, strict rules & regulations implemented by governments for the use of biosurgery products in hospitals and other healthcare facilities may hamper market growth. Lack of healthcare facilities in underdeveloped countries is also impacting revenue growth of the global biosurgery market.
The global pharma & healthcare market report points out the key trends and developments taking place in this business space in the ongoing COVID-19 times. According to market experts, the pandemic has turned this industry upside down, with an unprecedented rise in demand and acute supply shortage. The report clearly depicts the current global economic landscape and the considerable situation of the healthcare industry. A substantial increase in demand for healthcare services worldwide, rising cases of the SARS-CoV-2 infection, increasing pharmaceutical research & development activities, and new drug pipelines are among the key factors that have driven the global pharma & healthcare industry growth in the recent past. Growing acceptance of telehealth and telemedicine services, rise in government initiatives for COVID-19 vaccine development, and escalating demand for advanced point-of-care diagnostics and home healthcare products have further bolstered the industry growth.
Some companies in the market report include:
Baxter International Inc., Braun Melsungen AG Becton, Dickson and Company, CSL Limited, Cryolife Inc., Hemostasis LLC, Integra Lifesciences Holding Corporation, Johnson & Johnson, Kuros Biosciences AG, Medtronic PLC, Smith & Nephew Plc., and Zimmer Biomet.
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Some Key Highlights From the Report:
- By application, orthopedic surgery segment accounted for largest revenue share in 2020. Increasing prevalence of spinal cord injuries, growing geriatric population, and surging number of accidents and sports injuries are driving growth of this segment. Besides, increasing incidence of musculoskeletal disorders is supporting demand for orthopedic surgeries, and the trend is expected to continue going ahead.
- By end-use, hospitals segment contributed largest revenue share in 2020. Growth of this segment is due to increasing shift of patients inclining towards hospitals for biosurgery. Adoption of advanced technologies around the world and presence of favorable government policies are also favorable for growth of this segment.
- Demand for biosurgery is increasing due to increasing incidence of sports injuries, as well as rising number of patients suffering from neurological and cardiovascular disorders. Hence, minimally invasive surgeries are showcasing more popularity.
- Biosurgery market in North America accounted for largest revenue share in 2020, owing to increasing number of patients suffering from orthopedic & neurological disorders, availability of advanced biosurgery products, and presence of well-established hospitals.
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For the purpose of this report, Reports and Data has segmented biosurgery market based on product type, end-use, application, and region:
Product Type Outlook (Revenue, USD Billion; 2018-2028)
- Bone-graft Substitutes
- Cell-Based Matrices
- Bone Morphogenetic
- Demineralized Bone Matrix
- Synthetic Graft Extender
- Soft-Tissue Attachments
- Biological Mesh/Patch
- Synthetic Mesh/Patch
- Hemostatic Agents
- Thrombin-based Hemostatic Agents
- Oxidized Regenerated Cellulose-Based Hemostatic Agents
- Combined Hemostatic Agents
- Adhesions Barriers
- Synthetic Adhesion Barriers
- Natural Adhesion Barriers
- Surgical Sealants & Adhesives
- Staple Line Reinforcement Agents
End-use Outlook (Revenue, USD Billion; 2018-2028)
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Others
Application Outlook (Revenue, USD Billion; 2018-2028)
- Orthopedic Surgery
- General Surgery
- Neurological Surgery
- Cardiovascular Surgery
- Gynecological Surgery
- Reconstructive Surgery
- Others
Regional Outlook (Revenue, USD Billion; 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Sweden
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- A.E.
- South Africa
- Israel
- Rest of MEA
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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
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