Biosurgery Market- Demand, Growth, Opportunities and Analysis of Top Key Player Forecast To 2023

2019 Research Report on Global Biosurgery Market is a professional and comprehensive report on the Biosurgery industry.

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Key Players: Johnson & Johnson (US), Sanofi (France), Baxter(US), C.R. Bard (US), Integra LifeSciences (US), MAQUET(Sweden), Medtronic(Ireland), Cohera Medical (US), Hemostasis(US), Stryker(US), B.Braun(Germany), CSL (Australia), Pfizer (US), and CryoLife (US).

“The biosurgery market projected to grow at a CAGR of 6.5%.”

The biosurgery market is projected to reach USD 15.58 billion by 2023 from estimated USD 11.36 billion in 2018at a CAGR of 6.5%. Factors such as the growing geriatric population and corresponding chronic diseases, increasing volume of surgeries and prevalence of severe trauma injuries, and rising need for effective blood loss management in patients are expected to drive the growth of this market during the forecast period of 2018 to 2023. However,stringent regulatory framework and the requirement of skilled personnel for the effective use of biosurgery products may challenge market growth to a certain extent in the coming years.

“The surgical sealants and adhesives segment is projected to witness the highest growth during the forecast period.”

On the basis of product, the biosurgeryis broadly segmented into bone-graft substitutes, soft-tissue attachments, hemostatic agents, surgical sealants and adhesives, adhesion barriers, and staple-line reinforcement agents. The surgical sealants and adhesives segment is expected to register the highest CAGR during the forecast period. The growth of this segment can be attributed to a large number of commercially available sealants and their higher utilization (as compared to other biosurgery products) by surgeons in various surgeries.

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“Asia Pacific to witness the highest growth during the forecast period.”

Asia Pacific is expected to witness the highest growth during the forecast period (2018 to 2023). The region’s large geriatric population, large patient population, improving healthcare infrastructure, growing medical tourism, and epidemiological shift from infectious to chronic diseases are driving the growth of this market.

Break of primary participants from supply side was as mentioned below:

By Company Type – Tier 1–42%, Tier 2–35% and Tier 3–23%
By Designation– C Level–28%, Director Level–35%, Others–37%
By Region – North America–35%, Europe–25%, Asia Pacific–19%, Latin America- 11%, and the Middle East and Africa–10%

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In the end, the Global Biosurgery Market report’s conclusion part notes the estimation of the industry veterans.

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This release was published on openPR.