iCrowd Newswire – Jul 17, 2020
Biosurgery involves the use of biologically active products for encouraging hemostasis and tissue sealing. It is also known as larva therapy or maggot therapy. Prevalence of various accident cases and trauma incidence can evoke the need for biosrugery. The global biosurgery market report by Market Research Future (MRFR) contains developments in tools and a thorough analysis of the latest trends for the period of 2018 to 2023 (forecast period). The impact of the COVID-19 pandemic and its effects on the industry for the forecasted period are also assessed.
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Biosrugery Market Scope
The global biosurgery market is expected to grow at a CAGR of 7% during the forecast period. Availability of multitude of products for expediting the recovery rate post-surgery and a noticeable rise in surgical procedures for wound healing and sealing can fuel the market demand. Prevalence of diabetes and spinal injuries can ensure a constant demand in the market.
Massive preference for minimal invasive surgery among the elderly can bode well for the market. The low risk associated with biosurgical products and measures for stemming blood loss during contamination can elicit demand in the global biosurgery market.
Biosrugery Market Segmentation
The global biosurgery market has been segmented on the basis of product, source, and application.
On the basis of product, the market has been classified into surgical sealants and adhesives, adhesion barriers, bone graft substitutes, hemostatic agents, soft-tissue attachments, and staple-line reinforcement agents. The bone-graft substitutes segment has been further divided into synthetic bone grafts, bone morphogenetic proteins, demineralized bone matrix, and other bone-graft substitutes. The hemostatic agents segment has been further divided into oxidized regenerated cellulose-based hemostatic agents, thrombin-based hemostatic agents, and combination hemostatic agents. The soft-tissue attachments segment has been bifurcated into synthetic meshes and biological meshes. The surgical sealants and adhesives segment has been divided into natural and synthetic sealants and adhesives. Natural sealants comprise gelatin-based sealants, collagen-based sealants, fibrin sealants, albumin-based sealants, and other natural sealants. While, the synthetic sealants segment has been segmented into urethane-based sealants and adhesives, peg hydrogels, cyanoacrylate-based sealants and adhesives, and others. Lastly, the adhesion barriers segment has been sub-segmented into synthetic and natural adhesion barriers. The synthetic adhesion barriers segment includes synthetic barriers, hyaluronic acid-based, and peg-based. The natural adhesion barriers segment includes collagen- and fibrin-based adhesion barriers.
The market, by source, has been segmented into biological and natural products.
On basis of application, the market has been segmented into gynecology surgery, neurological surgery, general surgery, thoracic surgery, cardiovascular surgery, orthopedic surgery, reconstructive surgery, and urology surgery.
Biosrugery Market Regional Analysis
The market has been segmented, by region, into the Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).
The Americas is expected to dominate the market over the forecast period owing to a well-regulated healthcare framework, prevalence of chronic diseases, a large population above the ages of 60, and adoption of advanced products and techniques.
Europe is predicted to be the second-largest region in the market owing to investments in research and development and ample funding from governments. The sudden change in lifestyles and large number of surgeries are other drivers of the regional biosurgery market.
APAC is expected to exhibit one of the fastest growth rates for the global biosurgery market owing to expansions by global players, investments in healthcare, prevalence of diseases, and a large patient pool.
Biosrugery Market Competitive Outlook
Pfizer Inc., Cryolife, Inc., Integra Lifesciences Holdings Corporation, Johnson & Johnson, Cohera Medical Inc., Kuros Biosciences Ltd., Commonwealth Serum Laboratories (CSL), Sanofi, Braun Melsungen AG, Stryker Corporation, Hemostasis, LLC, Medtronic, PLC., Baxter International, Inc., R. Bard, and MAQUET Holding B.V. & Co. Kg. (Getinge Group) are key players in the global biosurgery market.
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