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The market growth of biosurgery is being led by several applications in orthopaedic, urology, neurology, and cardiovascular surgeries, among others, in which the risk of blood loss is high. As a result, the surging need for patient blood loss management is boosting the growth of the market. In addition to this, the market is anticipated to be supported by the rise in sports injuries, which augment the demand for orthopaedic surgeries in which biosurgery products like soft-tissue attachments and bone-graft substitutes are used, thereby pushing the growth of the market. In line with this, haemostatic agents consisting of thrombin-based agents, oxidised regenerated cellulose-based agents, and collagen-based agents to remove excess blood, prevent blood loss, and clear surgical sites are positively influencing the overall market growth of biosurgery globally. Moreover, growing research and development (R&D) activities along with the development of new novel products are some of the additional factors fuelling the market growth.
In December 2019, Grifols, S.A. (NASDAQ: GRFS) announced the launch of VISTASEAL ™, the company’s first plasma protein based biosurgery solution. VISTASEAL is a fibrin sealant for surgical bleeding control that combines two plasma proteins, fibrinogen and thrombin, administered with Ethicon’s airless spray technology. Ethicon is a subsidiary of Johnson and Johnson Medical Devices Company. Such developments by leading market players have been propelling the market growth of biosurgery.
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The major players in the global biosurgery market are Baxter International Inc., Medtronic PLC, B. Braun Melsungen AG, Johnson and Johnson Services, Inc., and CryoLife Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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