According to the latest report by IMARC Group, titled “Biosurgery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the biosurgery market report. The global biosurgery market reached a value of US$ 12.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 18.2 Billion by 2027, exhibiting a CAGR of 6.95% during 2022-2027.
Biosurgery, also known as larval therapy, is a medical surgery involving the use of natural, synthetic, and semi-synthetic materials to operate surgical incisions. It is usually conducted through sealant, hemostatic, bone graft substitute, soft tissue repair, and staple line reinforcement products. It helps improve the speed, consistency, and efficiency of surgical procedures. Besides this, it aids in eliminating complications, improving surgical practices, preventing excess bleeding, and reducing the risk of infection.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
The increasing global geriatric population, which is highly susceptible to chronic medical ailments, such as diabetes, cardiovascular disorders, and osteoporosis, represents one of the key factors positively influencing the market. The rising prevalence of musculoskeletal conditions that are treated through surgical procedures is also creating a positive outlook for the market. Furthermore, increasing cases of road accidents and sports-related injuries are contributing to the market growth Moreover, the development of plasma-based and multi-functional products and extensive research and development (R&D) activities in biosurgery are driving the market.
Breakup by Product:
Bone-Graft Substitutes
Soft-Tissue Attachments
Hemostatic Agents
Surgical Sealants and Adhesives
Adhesion Barriers
Staple Line Reinforcement
Breakup by Source:
Natural/Biologics Products
Synthetic Products
Breakup by Application:
Orthopedic Surgery
General Surgery
Neurological Surgery
Cardiovascular Surgery
Gynecological Surgery
Others
Breakup by End User:
Hospitals
Clinics
Others
Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Competitive Landscape with Key Player:
B. Braun Melsungen AG
Baxter International Inc
Becton Dickinson and Company
CryoLife Inc
CSL Limited
Hemostasis LLC
Integra Lifesciences Holdings Corporation
Johnson & Johnson
Medtronic plc
Pfizer Inc
Sanofi S.A
Smith & Nephew plc
Stryker Corporation
Surgalign Spine Technologies Inc
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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