Press release
Biosurgery Market Estimation 2019 by Top Leading Players | Baxter International Inc., B. Braun Melsungen AG, C.R. Bard, B.V. & Co. Kg. , Cohera Medical Inc. | Outlook 2023
Market Highlights
Biologically active products used in various surgeries to facilitate hemostasis and tissue sealing are known as biosurgery products. As long as healthcare is a lucrative business, biosurgery products market is destined to be a big market.
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Biosurgery Market - Key Players
Baxter International Inc. (USA)
Braun Melsungen AG (Germany)
R. Bard (USA)
V. & Co. Kg. (Getinge Group) (Germany)
Commonwealth Serum Laboratories (CSL) (Australia)
Cohera Medical Inc. (USA)
Hemostasis LLC (USA)
Cryolife, Inc. (USA)
Integra Lifesciences Holdings Corporation (USA)
Johnson & Johnson (USA)
Detailed Market Segments
The Global Biosurgery Products Market has been segmented on the basis of application, product, source, and lastly, region.
Based on application, this market has been segmented into general surgery, cardiovascular surgery, gynecology surgery, neurological surgery, orthopedic surgery, reconstructive surgery, thoracic surgery, and urology surgery.
Based on products, the market has been segmented into adhesion barriers, bone graft substitutes, hemostatic agents, soft-tissue attachments, surgical sealants and adhesives, and staple-line reinforcement agents.
The segmentation of natural adhesion barriers covers collagen- and fibrin-based adhesion barriers. By source, the market has been segmented into biological and natural products.
Growth Factors and Analysis
The market is also growing due to rising research and development (R & D) spending and aggressive strategies adopted by the key players such as new product launches.
Growing geriatric population
Increasing number of surgeries
Rising occurrences of trauma
Sports-related injuries
Factors that can cause obstruction in the growth of this market during the forecast period include high price of biosurgery products, lack of skilled personnel for the effective use of biosurgery products, and rising cost of surgical procedures.
Detailed Regional Analysis
The regional segmentation of global biosurgery products market segments the market into regions namely The Americas (North America & South America), Europe, Asia-Pacific, and the Middle East & Africa (MEA).
Due to technological advancement, high disposable income, and the availability of better medical facilities, North America is the bigger market than South America. In North America, the biggest markets are the United States of America (USA) and Canada.
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The Americas (especially North America) are likely to dominate the global biosurgery market due to the adoption of highly advanced technology, growing incidences of trauma-related injuries, increasing number of surgical procedures, the presence of a well-established healthcare system, and rising prevalence of chronic diseases in the aging population.
Biosurgery Market – Growth and Analysis
During the forecast period, the European market is expected to be the second-largest biosurgery market. The market growth in this region is due to government funding, and support of the healthcare sector coupled with increasing R & D.
A growing number of surgeries due to changing lifestyles is also leading to the growth of the market in this region.
Factors contributing to the growth of the market in this region include expansions by market players in the region, increasing prevalence of chronic diseases, and rising investments in healthcare.
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