According to the latest report by Reports and Data, the global biosurgery market size was USD 11.45 Billion in 2020 and is expected to reach USD 17.60 Billion in 2028 and register a revenue CAGR of 5.4% during the forecast period, 2021-2028.
Reports and Data has published its latest report titled “Biosurgery Market, Product Type (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, Others), By Application (General Surgery, Orthopedic Surgery, Neurological Surgery, Cardiovascular Surgery, Gynecological Surgery, Reconstructive Surgery, Others), By End-use (Hospitals & Clinics, Ambulatory Surgical Centers, Others), and By Region, Forecast to 2028”
According to the latest report by Reports and Data, the global biosurgery market size was USD 11.45 Billion in 2020 and is expected to reach USD 17.60 Billion in 2028 and register a revenue CAGR of 5.4% during the forecast period, 2021-2028.
Increasing incidences of gynecological and neurological disorders, rising volumes of biosurgeries, and growing demand for minimally invasive surgical procedures are among the key factors expected to drive market revenue growth over the upcoming years
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Drivers, Restraints, and Opportunities:
Revenue growth of the global biosurgery market is primarily attributed to factors such as rise in global geriatric population, increasing prevalence of chronic and acute disorders including cardiovascular, neurological, gynecological, and orthopedic disorders, increasing instances of road accidents and severe physical injuries, and rising cases of major surgeries. Increasing volumes of orthopedic surgeries due to rising prevalence of obesity and diabetes, growing use of advanced devices and equipment in different surgical procedures, rising demand for minimally invasive procedures, and improved reimbursement policies for biosurgery products and solutions are some of the major other factors driving the global biosurgery market revenue growth.
Biosurgery is generally performed to treat cardiovascular, neurological, orthopedic, and other chronic disorders. It helps in effective recuperation of wounds that are resistant to antibiotics. Growing use of technologically enhanced biosurgical equipment and tools such as bone-graft substitutes, demineralized bone matrix, cell-based matrices, soft tissue attachments, synthetic graft extender, synthetic mesh/patch, biological mesh/patch, thrombin-based hemostatic agents, and oxidized regenerated cellulose-based hemostatic agents is expected to further drive the global market revenue growth during the forecast period. Moreover, factors such as increasing research & development programs for more advanced surgical products, rapidly advancing global healthcare infrastructure, and rising healthcare expenditures are expected to boost market revenue growth.
COVID-19 Impact Analysis:
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
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Orthopedic Surgery Segment Accounted for Largest Revenue Share in 2020:
Based on application, the global biosurgery market is segmented into general surgery, orthopedic surgery, neurological surgery, cardiovascular surgery, gynecological surgery, reconstructive surgery, and others. The orthopedic surgery segment accounted for the largest revenue share in the global market in 2020, owing to rising geriatric population, increasing number of sports injuries and road accidents, increasing incidences of knee injuries, and rapid adoption of advanced orthopedic surgical equipment.
Hospitals & Clinics Segment Dominated in Terms of Revenue Share in 2020:
Based on end-use, the global biosurgery market is segmented into hospitals & clinics, ambulatory surgical centers, and others. The hospitals & clinics segment dominated other end-use segments in terms of revenue share in the global market in 2020. Increasing number of biosurgeries being performed in hospitals, increasing establishment of multi-specialty hospitals worldwide, and rapid adoption of more advanced biosurgery treatment procedures are key factors driving this segment’s growth.
North America Accounted for Largest Revenue Share in 2020:
Among regional markets, the North America biosurgery market accounted for the largest revenue share in the global market in 2020. Increasing number of orthopedic, cardiovascular, neurological, and gynecological surgeries, growing need for advanced surgical equipment, increasing government investments in the healthcare sector, and presence of avant-garde healthcare infrastructure and key market players in the region are among the major factors driving revenue growth of the regional market.
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Major Companies in the Global Biosurgery Market 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.
- Zimmer Biomet
Market Segmentation:
For the purpose of this report, Reports and Data has segmented the global biosurgery market based on product type, application, end-use, 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
- Others
Application Outlook (Revenue, USD Billion; 2018-2028)
- General Surgery
- Orthopedic Surgery
- Neurological Surgery
- Cardiovascular Surgery
- Gynecological Surgery
- Reconstructive Surgery
- Others
End-use Outlook (Revenue, USD Billion; 2018-2028)
- Hospitals & Clinics
- Ambulatory Surgical Centers
- Others
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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 Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Israel
- Rest of Middle East & Africa
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