The ‘Global Biosurgery Market Size, Share, Growth, Analysis, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global biosurgery market, assessing the market on the basis of its segments like product, application, and major regions.
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 7.17%
The increasing prevalence of orthopaedic disorders, accidental injuries, and lifestyle challenges, induced by the increasing geriatric population is driving the growth of the market for biosurgeries. Increasing cases of cardiovascular diseases among the young population is a major concern now days. The working population is also becoming more susceptible to heart attacks which is further providing impetus to the biosurgery market.
Biosurgery is also a crucial aspect of general surgeries as it minimises surgical trauma, makes repetitive procedures redundant, and produces long lasting tissue analogues. In this regard, the rising hospitalisation rates infused by growing number of injuries, increasing cases of orthopaedic and neurological diseases, rising healthcare expenditure across emerging economies, and increasing health awareness, are fuelling the demand for biosurgery.
The increasing incorporation of bone-graft substitutes in healthcare units owing to their effectiveness in bone damage, severe injuries, and chronic orthopaedic disorders, is a major driving factor of the biosurgery market. In addition, over recent years, companies have launched advanced graft substitutes and graft delivery systems which have proven to be a boon for the market. Further, hectic lifestyles and daily challenges have been pushing the cases of abdominal and gynaecological surgeries which is another crucial market propelling factor.
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Biosurgery is defined as a surgical technique used for the treatment of infected wounds using sterile maggots, which helps clean and promote healing of wounds. This technique is applicable in the healing of wounds caused by different types of surgeries, using substitutes, attachments, and adhesives. It is ideal for treating infections which are resistant to antibiotic treatments.
Based on product, the market is segmented into:
• Bone-Graft Substitutes
• Soft-Tissue Attachments
• Haemostatic Agents
• Surgical Sealants and Adhesives
• Adhesion Barriers
• Staple Line Reinforcement
On the basis of application, the market is divided into:
• Orthopaedic Surgery
• General Surgery
• Neurological Surgery
• Cardiovascular Surgery
• Gynaecological Surgery
On the basis of region, the market can be categorised into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
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The key trends in the global biosurgery market include the technical innovations and advancements by major medical manufacturers leading to a greater expansion of the healthcare sector. Increasing penetration of surgical robots in treatment procedures, emergence of artificial intelligence (AI) and machine learning (ML), and increasing growth of high-end computing technologies across the healthcare units are key market trends. Favourable policies of various governments aimed towards encouraging digital healthcare infrastructure are expected to improve biosurgery access and support in the coming years.
Increasing FDA approvals of advanced graft systems, substitutes, and reinforcement agents are helping improve blood loss management during the surgeries, leading to a greater emphasis on biosurgery quality across healthcare units. Moreover, the growing research and development infrastructure across the developing economies are likely to augment the biosurgery market growth in the forecast period. The increasing inclination towards sporting activities is another crucial market trend escalating the hospital check-ups and admissions because of the greater risk of injuries.
In terms of geography, North America holds a significant share in the market owing to the high healthcare expenditure across the United States. Greater awareness of biosurgery and acceptance of the use of maggots in sterile medical setting is supporting the market expansion.
The major players in the biosurgery market report are
• Baxter International Inc.
• Medtronic PLC
• B. Braun Melsungen AG
• Johnson and Johnson Services, Inc.
• CryoLife Inc.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
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