The Global Biosurgery Market to Amount to $15390.1 Million by 2028
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The report by Triton estimates the global biosurgery market to exhibit a CAGR of 6.21% in the forecasting years from 2021 to 2028. This industry is likely to accumulate a revenue of $15390.1 million by 2028.
Globally, there has been a rise in the average life expectancy, and this has consequently increased the geriatric population. People in this age group are highly prone to several health conditions and age-related comorbidities. This has increased the number of people opting for biosurgery, and is aiding the growth of the market studied. However, there are certain risks related to this procedure, as it may negatively affect the immune response. This is creating is a major hindrance for the growth of the biosurgery market.
The market for biosurgery is segmented into product, application, and source type. Based on product, it is divided into hemostatic agents, bone-graft substitutes, surgical sealing agents, soft-tissue management, staple line reinforcement, and anti-adhesive agents.
The bone-graft substitutes segment is further divided into demineralized bone matrix, synthetic graft extenders, cell-based matrices, and bone morphogenetic proteins. Whereas, the surgical sealing agents segment is further divided into synthetic and natural. The soft-tissue management segment is sub-segmented into natural mesh/patch and synthetic mesh/patch.
Based on application, it is categorized into cardio and thoracic surgery, orthopedic surgery, general surgery, neuro and spine surgery, and other applications. And lastly, according to source type, it is classified into synthetic and natural.
North America is presently leading the global biosurgery market, and is expected to maintain its leading position until the end of the forecasted duration. Factors such as the growing aging population and the increasing rate of prevalence of chronic diseases, particularly cancer and cardiovascular disease, along with the rapid technological developments and the growing government investments are increasing the demand for biosurgcal procedures in this region. This is expected to eventually foster the growth of the market in the coming years.
Ethicon Inc (Johnson & Johnson), Baxter International Inc, Zimmer Biomet Holdings Inc, RTI Surgical, Medtronic Plc, Sanofi, Becton, Wright Medical Group NV, CSL Limited, Stryker Corporation, Dickinson and Company, Smith & Nephew Plc, Integra Lifesciences Holdings Corporation, and B Braun Melsungen AG are the well-known players in the biosurgery market.
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Question & Answer: Biosurgery Market
Question 1: What factor is aiding the growth of the biosurgery market?
Answer: Globally, there has been a rise in the average life expectancy, and this has consequently increased the geriatric population. People in this age group are highly prone to several health conditions and age-related comorbidities. This has increased the number of people opting for biosurgery, and is aiding the growth of the market studied.
Question 2: What factor is creating is a major hindrance for the growth of the biosurgery market?
Answer: There are certain risks related to biosurgery, as it may negatively affect the immune response. This is creating is a major hindrance for the growth of the market.
Question 3: Which region is expected to dominate the global biosurgery market over the forecasting period?
Answer: North America is presently leading the global biosurgery market, and is expected to maintain its leading position until the end of the forecasted duration. Factors such as the growing aging population and the increasing rate of prevalence of chronic diseases, particularly cancer and cardiovascular disease, along with the rapid technological developments and the growing government investments are increasing the demand for biosurgcal procedures in this region. This is expected to eventually foster the growth of the market in the coming years.
Question 4: Who are the well-known players in the biosurgery market?
Answer: Ethicon Inc (Johnson & Johnson), Baxter International Inc, Zimmer Biomet Holdings Inc, RTI Surgical, Medtronic Plc, Sanofi, Becton, Wright Medical Group NV, CSL Limited, Stryker Corporation, Dickinson and Company, Smith & Nephew Plc, Integra Lifesciences Holdings Corporation, and B Braun Melsungen AG are the well-known players in the biosurgery market.
Global Cartilage Repair Market - https://www.tritonmarketresearch.com/reports/cartilage-repair-market
The global cartilage repair market is deemed to register growth at a CAGR of 15.56% during the estimated phase of 2021-2028, while reaping $2625.6 million in revenue by 2028.
The process of cartilage repair encompasses treating a damaged cartilage via different modalities, such as chondrocyte implantation, chondroplasty, juvenile allograft fragments, and autologous osteochondral allograft, in order to restore the normal functioning of the connective tissue.
The cartilage repair market is expected to progress considerably in the coming years, owing to various factors, such as the growing prevalence of obesity & sedentary lifestyle in people, increase in the elderly populace, and a surge in the cases of arthritis all over the globe. However, the high cost of this procedure and the unclear regulatory scenario are some of the factors that impede the market growth. On a positive note, emerging markets, such as China and India, are anticipated to offer lucrative growth avenues to the industry players in the forecast period.
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Biosurgery Market: Snapshot Biosurgery, comprising of different technologies and surgical techniques meant to reduce intra- and post-operative complications by facilitating hemostasis and tissue sealing, also finds application in hard tissue regeneration in orthobiologics. Biosurgery products contain primarily semi-synthetic, synthetic, or natural materials that help is sealing surgical incisions and bring about tissue repairs. They control blood loss for various surgical conditions. Prominent surgeries for which biosurgery products prove useful are neurological, orthopedic,