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Global Biosurgery Market to Grow at a CAGR of 7.17% During 2022-2027, Driven by Rising Demand for Biosurgery Products

According to a new report by EMR titled, ‘Global Biosurgery Market Report and Forecast 2022-2027’, the market attained a value of more than USD 13.4 billion in 2021. The industry is further expected to grow at a CAGR of 7.17% in the forecast period of 2022-2027 to reach a value of over USD 20.3 billion by 2027.

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.

Market Analysis by Product, Application, and Region:

  • Based on product, the market can be divided into bone-graft substitutes, soft-tissue attachments, haemostatic agents, surgical sealants and adhesives, adhesion barriers, and staple line reinforcements. 
  • On the basis of application, the market can be segmented into orthopaedic surgery, general surgery, neurological surgery, cardiovascular surgery, and gynaecological surgery, among others.
  • The major regional markets for biosurgery include North America, Latin America, Europe, the Asia Pacific, and the Middle East and Africa.

 Key Findings of the Report:

  • The market is being driven by the rising preference for biosurgery in several orthopaedic, neurological, cardiovascular, and gynaecological surgical applications. 
  • Biosurgery aids in preventing excessive blood loss during surgeries, thus preventing fatalities during the surgical procedure. This is accelerating the market growth.
  • Technological advancements in healthcare structures with the development of surgical robots and minimally invasive (MI) surgical methods are stimulating the market growth.
  • The market growth can be associated with robust investments into the healthcare structure and various research and development (R&D) activities.

Key Offerings of the Report:

  • The EMR report gives an overview of the global biosurgery industry for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) markets for products, applications, and major regions.
  • The report analyses market dynamics, covering the key demand and price indicators in the market along with an assessment of the SWOT and Porter’s Five Forces Model.

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.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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