The Global Biosurgery Market to Reap $15390.1 Million by 2028

According to Triton Market Research's report, the global biosurgery market garnered $8516.6 million in 2020, and is set to showcase 6.21% of CAGR by 2028.

A recent study by Triton Market Research titled 'Global Biosurgery Market,' covers the Global Analysis and Forecasts by Source Type (Natural; Synthetic); by Application (General Surgery; Neuro and Spine Surgery; Cardio and Thoracic Surgery; Orthopedic Surgery; Other Applications); by Product (Staple Line Reinforcement; Bone-Graft Substitutes [Bone Morphogenetic Proteins; Cell-Based Matrices; Synthetic Graft Extenders; Demineralized Bone Matrix]; Hemostatic Agents; Surgical Sealing Agents [Natural; Synthetic]; Soft-Tissue Management [Synthetic Mesh/Patch; Natural Mesh/Patch]; Anti-Adhesive Agents); and Regional Outlook (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa).

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Triton's research report predicts the global biosurgery market to showcase a CAGR of 5.55% in terms of revenue over the forecasting duration between 2021 and 2028, generating a revenue worth $4744.35 million by the year 2028.
Musculoskeletal disorders include joint diseases, such as osteoarthritis (OA), osteoporosis, rheumatoid arthritis (RA), neck pain, low back pain (LBP), gout, fragility fractures, injuries, etc. These conditions affect the bones, muscles, tendons, nerves, and supporting structures, and significantly hamper the quality of life. Therefore, the demand for biosurgery to treat these conditions has grown in the last couple of years. This is fostering the growth of the market.
The popularity of minimally invasive surgery has been surging of late. Patients who chose to undergo these procedures recover quickly and experience less discomfort compared to those who undergo conventional surgery. This is restraining the growth of the market studied.

The market for biosurgery is segmented mainly into source type, application, and product. On the basis of source type, it is divided into natural and synthetic. Whereas, the application segment is categorized into general surgery, neuro and spine surgery, cardio and thoracic surgery, orthopedic surgery, and other applications.

The last main segment, product, is further segmented as per staple line reinforcement, bone-graft substitutes, hemostatic agents, surgical sealing agents, soft-tissue management, and anti-adhesive agents. The bone-graft substitutes sub-segment is divided further into bone morphogenetic proteins, cell-based matrices, synthetic graft extenders, and demineralized bone matrix. The surgical sealing agents sub-segment is categorized further into natural and synthetic. Lastly, the soft-tissue management sub-segment is classified into synthetic mesh/patch and natural mesh/patch.

North America is presently the largest market for biosurgery globally, and is expected to continue to lead until the end of the projected period. The region boasts of developed countries like the United States and Canada, which have a robust healthcare infrastructure. Also, country-wise, the US is the largest market not just in North America, but also across the world.

Owing to the growing prevalence of chronic conditions, increase in the aging population, and the increasing R&D activities related to biosurgery products, the market in the country is expected to witness rapid growth over the forecasting period. Further, the market in Canada is also expected to progress, with the increase in surgical procedures being performed and the growing efforts by the government to renew healthcare policies.

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

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Question & Answer: Biosurgery Market

Question 1: What is fostering the growth of the biosurgery market?

Answer: Musculoskeletal disorders include joint diseases, such as osteoarthritis (OA), osteoporosis, rheumatoid arthritis (RA), neck pain, low back pain (LBP), gout, fragility fractures, injuries, etc. These conditions affect the bones, muscles, tendons, nerves, and supporting structures, and significantly hamper the quality of life. Therefore, the demand for biosurgery to treat these conditions has grown in the last couple of years. This is fostering the growth of the market.

Question 2: What is restraining the growth of the market studied?

Answer: The popularity of minimally invasive surgery has been surging of late. Patients who chose to undergo these procedures recover quickly and experience less discomfort compared to those who undergo conventional surgery. This is restraining the growth of the market studied.

Question 3: How is North America influencing the growth of the biosurgery market?

Answer: North America is presently the largest market for biosurgery globally, and is expected to continue to lead until the end of the projected period. The region boasts of developed countries like the United States and Canada, which have a robust healthcare infrastructure. Also, country-wise, the US is the largest market not just in North America, but also across the world.
Owing to the growing prevalence of chronic conditions, increase in the aging population, and the increasing R&D activities related to biosurgery products, the market in the country is expected to witness rapid growth over the forecasting period. Further, the market in Canada is also expected to progress, with the increase in surgical procedures being performed and the growing efforts by the government to renew healthcare policies.

Question 4: Which are the established players in the biosurgery market?

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

Related Report:
Global Cartilage Repair Market
https://www.tritonmarketresearch.com/reports/cartilage-repair-market
The global cartilage repair market is likely to observe growth at a CAGR of 15.56% during the considered phase of 2021-2028. The market is assessed to gain $2625.6 million by 2028.
Cartilage repair is a method of restoring an injured cartilage, wherein it is healed by replacement with an extracellular matrix and new cells. Growth in the geriatric populace, increase in cases of degenerative conditions like osteoarthritis, and the rising sports-related injuries are the prime factors that bolster the growth of the global cartilage repair market.
However, there are certain high costs associated with the cartilage repair procedure, which is hampering its demand. Also, an unclear regulatory scenario is another factor affecting the market growth. On a positive side, the emerging nations show high potential for the growth of the studied market. And therefore, several industry players are setting foot in these regions to leverage new growth opportunities.

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