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Biosurgery Market 2020 | Global Industry Growth, Emerging Trends, Size, Share, Comprehensive Research Study by 2023
Global Biosurgery Market: Information by Product (Bone-Graft Substitutes, Hemostatic Agents, Soft-Tissue Attachments, and Others), Cause(Biological Products, Synthetic Products), Application (Neurological Surgery and Others)—Global Forecast till 2023Market Highlights
Biosurgery products are used in numerous surgical procedures to minimize intra- and post-operative complications. The increasing geriatric population, a growing number of surgical procedures, rising occurrences of trauma and sports-related injuries are the major factors driving the growth of the global biosurgery market. Additionally, increasing R&D spending and aggressive strategies adopted by the top players, such as new product launches, are contributing to the growth of the market. For instance, in March 2015, Kuros Biosurgery announced the grant of a US patent for its synthetic hydrogel technology which is a combination of bioactive and biomaterial products such as sealants and orthobiologics.
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Intended Audience
Biosurgery product manufacturers
Biosurgery product distributors and suppliers
Healthcare providers
Medical device manufacturers
Research institutes and academic centers
Contract research organizations (CROs)
Government associations
Market research and consulting
Regional Analysis
The market in the Americas is expected to dominate the global biosurgery market during the forecast period owing to the increasing prevalence of chronic diseases along with the growing geriatric population, rising occurrences of injuries, and well-established healthcare sector in the region. The European market is expected to be the second-largest due to government funding and support of the healthcare sector, coupled with increasing research and development. Moreover, the market in Asia-Pacific is anticipated to be the fastest-growing during the forecast period owing to technological development, an increasing number of advanced surgeries in emerging economies, and favorable government initiatives for healthcare facilities. The market in the Middle East & Africa is likely to account for the smallest share of the global biosurgery market. The market growth in this region can be attributed to increasing healthcare expenditure and low manufacturing costs of pharmaceuticals.
Segmentation
The global biosurgery market has been segmented on the basis of product, source, and application.
On the basis of product, the market has been classified as bone graft substitutes, hemostatic agents, soft-tissue attachments, surgical sealants and adhesives, adhesion barriers, and staple-line reinforcement agents. The bone-graft substitutes segment has been further divided into demineralized bone matrix, synthetic bone grafts, bone morphogenetic proteins, and other bone-graft substitutes. The hemostatic agents segment has been further divided into thrombin-based hemostatic agents, oxidized regenerated cellulose-based hemostatic agents, and combination hemostatic agents. The soft-tissue attachments segment has been classified as synthetic meshes and biological meshes. The surgical sealants and adhesives segment has been divided into natural and synthetic sealants and adhesives. The natural sealants sub-segment has been segmented into fibrin sealants, collagen-based sealants, gelatin-based sealants, albumin-based sealants, and other natural sealants. The synthetic sealants segment has been divided into peg hydrogels, cyanoacrylate-based sealants and adhesives, urethane-based sealants and adhesives, and others. Furthermore, the adhesion barriers segment has been sub-segmented into synthetic and natural adhesion barriers. The synthetic adhesion barriers segment includes hyaluronic acid-based, peg-based, and ther synthetic barriers. The natural adhesion barriers segment includes collagen- and fibrin-based adhesion barriers.
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Key Players
Some of the key players in the global biosurgery market are Baxter International, Inc., B. Braun Melsungen AG, C.R. Bard, Johnson & Johnson, Medtronic, PLC., MAQUET Holding B.V. & Co. Kg. (Getinge Group), Cohera Medical Inc., Integra Lifesciences Holdings Corporation, Commonwealth Serum Laboratories (CSL), Hemostasis, LLC, Sanofi, Pfizer Inc., Stryker Corporation, Cryolife, Inc., and Kuros Biosciences Ltd.
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