The global biosurgery market can be anticipated to grow at a CAGR of 9.23% during the forecast period of 2023-2028. The biosurgery market is witnessing a positive growth owing to various factors such as the increasing incidence of cardiovascular diseases, increasing demand of plastic surgery, the increasing incidence of cancers such as prostate cancer and surge in the biosurgery products launch in the market. Therefore, the market for biosurgery is estimated to grow during the forecast period from 2023 to 2028.
Some of the key market players operating in the Biosurgery market include BD (NYSE: BDX), Baxter (NYSE: BAX), SAMYANG HOLDING CORPORATION, B. Braun Melsungen AG, Stryker (NYSE: SYK), Integra LifeSciences (NASDAQ: IART), Hemostasis LLC, Biom’Up, Pfizer Inc (NYSE: PFE), Ethicon US LLC (Johnson & Johnson Services Inc) (NYSE: JNJ), CryoLife Inc, Zimmer Biomet (NYSE: ZBH), Kuros Biosciences (SWX: KURN), Orthofix US LLC, Tissue Regenix (Tissue Regenix), Betatech Medical, Meril Life Sciences Pvt. Ltd, RTI Surgical (NASDAQ: SRGA), AROA BIOSURGERY LIMITED (ASX: ARX), BioCer Entwicklungs-GmbH, among others
DelveInsight’s “Biosurgery Market Insight & Forecast” report will offer an in-depth understanding of the Biosurgery market, further benefiting the competitors or stakeholders operating in the Biosurgery arena.
Biosurgery Overview
Biosurgery products are designed to reduce bleeding during various operations and to speed wound and surgical site healing. Due to their many benefits, including their efficacy, usability, and safety in various circumstances, these items are chosen in addition to conventional procedures (such as staples and sutures) for wound closure.
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Biosurgery Market Insights
Among all the regions, North America is expected to dominate the global biosurgery market in the year 2021 and is expected to do the same during the forecast period from 2022 to 2027. Factors such as the increasing incidence of cancers such as prostate cancer and surge in the biosurgery products launch in the market are expected to increase the demand for biosurgery in the North America market.
According to the latest data published by American Cancer Society, Inc. in the year 2022, it is estimated that in the year 2022, in United States, there will be 268,490 new cases of prostate cancer. Moreover, biosurgery products could be used to remove the prostate gland, as they are safe, effective, prevent bleeding and initiate wound healing after the surgery. Therefore, the increasing incidence of cancers such as prostate cancer, can boost the demand of biosurgery, which could drive the overall biosurgery market forward over the forecast period (2022-2027).
Furthermore, another factor that is responsible for the growth of biosurgery market is the surge in the biosurgery products launch in the market. For instance, in April 2021, Aroa Biosurgery, a soft tissue regeneration company, launched a new product named Myriad Morcells™, a morcellized (powder) format of Myriad Matrix™ which easily conforms to maximise interaction with uneven wound beds. Myriad Matrix™ is used during the surgical treatment of hidradenitis suppurativa, complex wounds and exposed vital structures.
In February 2020, Aroa Biosurgery, the Auckland-based privately held soft-tissue repair company, launched a large format version of its Endoform® Natural product in United States and Canadian markets, following its recent approval for reimbursement within the U.S. healthcare system. It is used to treat large surgical wounds with a single sheet of their extracellular matrix-based product.
Therefore, due to interplay of the factors mentioned above, there will be a higher demand for biosurgery, which would provide a conducive growth environment for the North American region in the biosurgery market.
To read more about why North America is leading the market growth in the Biosurgery market, get a snapshot of the Biosurgery market report.
Biosurgery Market Dynamics
As with the increasing incidence of cardiovascular diseases, the demand for biosurgery also increases. For instance, according to the latest data published by the British Heart Foundation in the year 2021, in 2019, in Asia, 32,376,834 people were affected with cardiovascular diseases, 12,543,833 individuals were diagnosed with coronary artery disease, and 8,111,044 population was detected with stroke. Thus, biosurgery products are used during the cardiovascular surgery, as they are safe, effective, prevent bleeding and initiate wound healing after the surgery. Therefore, the increasing incidence of cardiovascular diseases, can boost the demand of biosurgery, which could drive the overall biosurgery market forward over the forecast period (2022-2027).
Moreover, another key factor which is responsible for the growth of biosurgery market is the increasing demand of plastic surgery. For instance, according to the latest plastic surgery statistics report published in the year 2020, in America, out of 15.6 million of cosmetic operations, 2.3 million were cosmetic surgical procedures whereas 13.2 million cosmetic were minimally-invasive procedures. According to the source mentioned above, in 2020, reconstructive procedures were 6.8 Million (3% increase from 2019). Thus, increasing demand of plastic surgery, could boost the demand for biosurgery which in turn can provide a conductive growth environment for the biosurgery overall market.
Therefore, due to the aforementioned factors, biosurgery demand increases, which will surge the growth of the overall biosurgery market during the forecast period from 2022 to 2027.
However, rising cost of surgical procedures and complications related to surgical procedures such as infection, pain and others, this can hamper the global biosurgery market growth.
Recent Breakthroughs in Biosurgery Market:
Key Players Proactively Working In the Biosurgery Market
Some of the key biosurgery players operating in the Biosurgery market include BD, Baxter, SAMYANG HOLDING CORPORATION, B. Braun Melsungen AG, Stryker, Integra LifeSciences, Hemostasis LLC, Biom’Up, Pfizer Inc, Ethicon US LLC (Johnson & Johnson Services Inc), CryoLife Inc, Zimmer Biomet, Kuros Biosciences, Orthofix US LLC, Tissue Regenix, Betatech Medical, Meril Life Sciences Pvt. Ltd, RTI Surgical, AROA BIOSURGERY LIMITED, BioCer Entwicklungs-GmbH, among others
Scope of the Biosurgery Market Report:
Table of Contents
1
Report Introduction
2
Executive Summary
3
Regulatory and Patent Analysis
4
Key Factors Analysis
5
Biosurgery Porter’s Five Forces Analysis
6
COVID-19 Impact Analysis on Biosurgery Market
7
Biosurgery Market Layout
8
Biosurgery Global Company Share Analysis – Key 3-5 Companies
9
Biosurgery Companies and Product Profiles
10
Project Approach
11
KOL Views
12
DelveInsight Capabilities
13
Disclaimer
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