Press release
Biosurgery Market Growth by 2022 - Johnson & Johnson (Ethicon), Baxter International, Medtronic PLC, Stryker, Atrium Medical, C. R. Bard
The world biosurgery market was evaluated at $6,912.2 million in 2014, and is estimated to garner $12,758.1 million by 2022, registering a CAGR of 8.1% over the forecast period.Biosurgery products are used in various surgeries to minimize the intra and post-operative complications. Various synthetic and biologic products like anti-adhesive agents, hemostatic agents, surgical sealing agents, bone graft substitutes, and soft tissue management are utilized in surgeries for preventing excessive blood loss or providing adhesion or wound/tissue sealing, and repair of damaged or weakened tissues or bones of a body. These advanced products enhance the work efficiency of physicians by controlling surgery-related difficulties in expensive and complicated surgeries.
Top Companies Covered in this Report:
Johnson & Johnson (Ethicon), Baxter International, Medtronic PLC, Stryker, Atrium Medical (Maquet Getinge Group), C. R. Bard, CryoLife Inc., Haemostasis LLC, Kuros Bioscience, and Sanofi are also provided in this report.
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The size of global biosurgery market is expected to increase substantially in the near future, owing to high investment, increasing R&D spending, aggressive strategies adopted by top players such as new product launches. Other factors that drive the growth of the biosurgery market are technological advancements (high efficiency products, multi-usage products and plasma based products), availability of multifunctional products, rising number of surgeries owing to the increasing rate of obesity and other lifestyle-related diseases, and increasing sports-related injuries. However, the high cost associated with surgeries, stern regulatory environment for product approval and growing popularity of minimally invasive surgeries are likely to restrict its growth in various regions.
The report segments the biosurgery market on the basis of product type, application, source, and geography. On the basis of product type, the market is segmented into anti-adhesive agents, hemostatic agents, surgical sealants, bone graft substitutes, and soft tissue management (mesh/patch). According to application, it is classified into cardiovascular and thoracic, neuro and spine, orthopedic, general, and others surgeries. Others surgery covers urological, gynecological, rhytidectomy, and reconstructive surgeries. Based on the source, it is segmented into natural and synthetic products.
BIOSURGERY MARKET KEY SEGMENTS:
By Product Type
Anti-adhesive agents
Hemostatic agents
Surgical sealing agents
Natural surgical sealant
Synthetic surgical sealant
Bone graft substitutes
Cell-based matrices
Bone morphogenetic proteins
Demineralized bone matrix
Synthetic graft extender
Soft tissue management (mesh/patch)
Biologic mesh/patch
Allografts
Xenografts
Synthetic mesh/patch
By Application
Cardiovascular and thoracic surgery
Neuro- and spine surgery
Orthopedic surgery
General surgery
Others (Reconstructive, Urology, and Gynecology Surgeries)
By Source
Natural/Biologics products
Synthetic products
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