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The Global Biosurgery Market to Develop with CAGR of 6.21% by 2028

08-24-2022 08:00 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Triton Market Research

Biosurgery Market

Biosurgery Market

Triton Market Research presents the Global Biosurgery Market report segmented by Product (Hemostatic Agents; Bone-Graft Substitutes [Synthetic Graft Extenders; Demineralized Bone Matrix; Bone Morphogenetic Proteins; Cell-Based Matrices]; Surgical Sealing Agents [Natural; Synthetic]; Soft-Tissue Management [Synthetic Mesh/Patch; Natural Mesh/Patch]; Anti-Adhesive Agents; Staple Line Reinforcement); by Application (Orthopedic Surgery; Cardio and Thoracic Surgery; Neuro and Spine Surgery; General Surgery; Other Applications); by Source Type (Natural; Synthetic); and by Regional Outlook (North America; Europe; Asia-Pacific; Latin America; the Middle East and Africa), discussing Market Summary, Industry Outlook, Impact of COVID-19, Trends in Biosurgery Technology, Key Insights, Porter's Five Forces Analysis, Market Attractiveness Index, Vendor Scorecard, Key Buying Outlook, Key Market Strategies, Drivers, Challenges Opportunities, Competitive Landscape, Research Methodology & Scope, Global Market Size, Forecasts & Analysis (2021-2028).

Triton's report suggests that the Global Biosurgery Market would evolve at a CAGR of 6.21% over the forecast years from 2021 to 2028.

Obesity can lead to a person developing multiple chronic diseases, such as diabetes, cardiovascular disease, and different types of cancer. Obese patients can be treated with surgery. Excessive fat stored in their body can be reduced by this technique, which helps improve their quality of life. Therefore, the growth in the population of obese individuals is a major driving factor of the biosurgery market.

However, the cost of surgeries is extremely high in many cases. This makes it an unaffordable process, especially in nations with poor economic conditions. Hence, despite being constructive, their high cost restrains the growth of the biosurgery market.

The market in the Asia-Pacific is expected to grow the fastest in the coming years. The growth in this market can be attributed to factors, such as the rise in disease burden, increase in surgical procedures, and the development of novel products. Moreover, the growing prevalence of lifestyle-related diseases and the surging geriatric populace are expected to enhance the demand for biosurgical products, and, in turn, drive the biosurgery market's growth in the APAC.

Smith & Nephew Plc, Wright Medical Group NV, Becton, Medtronic Plc, Ethicon Inc (Johnson & Johnson), Stryker Corporation, Integra Lifesciences Holdings Corporation, B Braun Melsungen AG, Baxter International Inc, Dickinson and Company, Sanofi, CSL Limited, RTI Surgical, and Zimmer Biomet Holdings Inc are the eminent names present in this industry.

The threat of new players entering this industry is expected to remain low, as it is dominated by some of the established names. Currently, only a few major companies, such as Becton Dickinson, Johnson & Johnson, B Braun, and CSL Limited, hold major shares in the market. Also, the stringent regulations for biological products are another factor deterring many companies from entering the biosurgery market.

Triton Market Research
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We are a leading market research company with offices in the UK, providing the best online market research and data search reports to our clients.

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