Biosurgery Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 5.67 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Biosurgery Market Analysis
The biosurgery market is expected to grow at a CAGR of 5.67% during the forecast period (2022-2027).
During the COVID-19 pandemic, the studied market was adversely affected due to supply chain issues and long waiting times. For instance, in August 2021, a research study titled "Impact of the COVID-19 Outbreak on Orthopedic Surgery: A Nationwide Analysis of the First Pandemic Year" stated that the number of orthopedic surgeries fell by 22.8% during the first year of the pandemic in Chile. All surgical procedures were adversely affected, with fracture and trauma surgeries being the least affected. The maximum adverse impact was seen in knee arthroplasty (-64%), followed by hip arthroplasty (-41%) and knee ligament reconstruction (-44%). The COVID-19 outbreak reduced the number of surgical procedures during 2020, as public health networks did have a more significant adverse impact on elective surgeries due to a slower recovery than private institutions. Thus, COVID-19 had a significant impact on the growth of the market.
The major factors attributing to the growth of the biosurgery market are the increasing geriatric population, rising prevalence of chronic diseases and related surgeries, and a strong focus on research and development leading to the launch of new and advanced products.
According to the World Population prospect, 2022, Globally, there were 771 million people aged 65 years or over in 2022, and this number is projected to reach 994 million by 2030 and 1.6 billion by 2050. Thus, with the increase in the geriatric population risk for numerous health consequences, like greater incidences of orthopedic and neurological problems increases which can lead to biosurgery for the treatment and thus is expected to drive the growth of the market.
The increasing research and development initiatives taken by the market players and approvals from the regulatory body may lead to the development and introduction of new products in the future, which may boost the growth of the market in the future. For instance, in November 2020, TISSIUM received approval from the United States Food and Drug Administration for its Investigational Device Exemption application for its vascular sealant. This vascular sealant was designed to address the issue to achieve hemostasis quickly and also to prevent post-operative bleeding following peripheral vascular surgeries.
Furthermore, the launch of new products is also contributing to the growth of the market. For instance, in February 2022, Orthofix Medical Inc. launched Opus BA. It is a synthetic bioactive bone graft solution for cervical and lumbar spine fusion procedures.
Thus, the studied market is expected to project lucrative growth over the forecast period. However, the high cost of biosurgery products and the rising cost of surgical procedures may impede the growth of the market over the forecast period.
Biosurgery Market Trends
This section covers the major market trends shaping the Biosurgery Market according to our research experts:
Cardiovascular Segment is Expected to Project Significant Growth Over the Forecast Period
The cardiovascular segment is expected to project significant growth owing to the factors such as the growing burden of cardiovascular disease coupled with the increasing geriatric population. Additionally, the launch of new products by the market players is also propelling the growth of the market segment.
The high prevalence of cardiovascular diseases leads to an increased number of surgical procedures and thus it is expected to drive the growth of the market segment. For instance, according to the British Heart Foundation, United Kingdom Factsheet, released in August 2022, more than 7.6 million people are living in the United Kingdom in 2021 with some kind of heart and circulatory diseases. Such a high burden of cardiovascular diseases in different countries around the world is expected to drive the growth of the studied market.
Additionally, in January 2020, Terumo launched its surgical sealant named AQUABRID in the EMEA market. AQUABRID is a new surgical sealant specially developed for aortic procedures. It reacts with water (blood) and forms an elastic layer that adheres tightly to the tissue. It is safe and effective in achieving hemostasis, even when blood coagulation is inhibited during cardiac surgery. Such launches boost the growth of the market segment.
Thus, owing to the abovementioned factors, the market segment is expected to show considerable growth over the forecast period.
North America is Expected to Hold a Significant Share in the Market and Expected to do Same Over the Forecast Period
North America is expected to dominate the overall market, throughout the forecast period. This is due to the increasing number of surgeries, the rising number of geriatric patients, and initiatives taken by the market players.
The high burden of surgery is one of the major contributors to the growth of the market in the region. For instance, according to the National Safety Council (NSC), in July 2021, 526,000 injuries were reported due to personal exercise, 500,000 players were injured due to basketball, 457000 due to bicycling, and 341,000 due to football. NSC also reported that 199,000 swimming injuries were treated in the emergency room. Spine, shoulder, head, and knee injuries accounted for more than 50% of these total injuries. Thus, increasing the number of injuries that required surgeries to be performed that creates the need for biosurgery products and thus drives the growth of the market.
Additionally, the approval of the products by the regulatory authority also boosts the growth of the market. For instance, in February 2021, EndoClot Plus, Inc. (EPI) received the United States Food and Drug Administration (FDA) approval for EndoClot Polysaccharide Hemostatic System (EndoClot PHS). It is an innovative product that assists Gastroenterologists to stop bleeding rapidly and reliably. EndoClot PHS is a single-use device that includes a starch-based powder hemostat that is applied directly to the bleeding site through a flexible endoscope. Such approvals propel the growth of the market.
Thus, owing to the abovementioned factors, the studied market is expected to have healthy growth in the North American region over the forecast period.
Biosurgery Industry Overview
The Biosurgery market is moderately competitive and consists of several major players. In terms of market share, a few of the major players are currently dominating the market. Some of the prominent players are vigorously making acquisitions with other companies to consolidate their market positions across the globe. Some of the major players are Baxter International Inc., Johnson & Johnson, Becton, Dickinson and Company, B. Braun Melsungen AG and CryoLife, Inc.
Biosurgery Market Leaders
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Baxter International Inc.
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Johnson & Johnson
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CryoLife, Inc.
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Becton, Dickinson and Company
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B. Braun Melsungen AG
*Disclaimer: Major Players sorted in no particular order
Biosurgery Market News
- In March 2022, Molecular Matrix, Inc. (MMI) launched Osteo-P Synthetic Bone Graft Substitute (BGS) for use in the musculoskeletal system.
- In February 2022, Gunze Limited received medical device approval to manufacture and sell TENALEAF, the first sheet-type absorbable adhesion barrier made in Japan.
Biosurgery Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Geriatric Population
4.2.2 Rising Prevalence of Chronic Diseases and Related Surgeries
4.2.3 Strong Focus on R&D Leading to the Launch of New and Advanced Products
4.3 Market Restraints
4.3.1 High Price of Biosurgery Products and Rising Cost of Surgical Procedures
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - in USD Million)
5.1 By Product
5.1.1 Bone-Graft Substitutes
5.1.2 Soft-Tissue Attachments
5.1.3 Hemostatic Agents
5.1.4 Surgical Sealants and Adhesives
5.1.5 Adhesion Barriers
5.1.6 Staple Line Reinforcement
5.2 By Application
5.2.1 Orthopedic Surgery
5.2.2 General Surgery
5.2.3 Neurological Surgery
5.2.4 Cardiovascular Surgery
5.2.5 Gynecological Surgery
5.2.6 Others
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 South Korea
5.3.3.6 Rest of Asia-Pacific
5.3.4 Middle East and Africa
5.3.4.1 GCC
5.3.4.2 South Africa
5.3.4.3 Rest of Middle East and Africa
5.3.5 South America
5.3.5.1 Brazil
5.3.5.2 Argentina
5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Baxter International Inc.
6.1.2 B. Braun Melsungen AG
6.1.3 Becton, Dickinson and Company (C.R. Bard)
6.1.4 Johnson & Johnson
6.1.5 Medtronic PLC
6.1.6 Integra Lifesciences Holdings Corporation
6.1.7 CSL Limited
6.1.8 CryoLife Inc.
6.1.9 Hemostasis LLC
6.1.10 Betatech Medical
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Biosurgery Industry Segmentation
As per the scope of the report, biosurgery products are used in various surgeries and repair weakened and damaged tissues and bones. Biosurgery has opened a new paradigm in surgical care, wound and tissue management, and regenerative healing. It has even unlocked new potential in regenerative healing with the right mix of biologics and synthetics. The Biosurgery Market is Segmented by Product (Bone and Graft Substitutes, Soft-Tissue Attachments, Hemostatic Agents, Surgical Sealants and Adhesives, Adhesion Barriers and Staple Line Reinforcement) Application (Orthopedic Surgery, General Surgery, Neurological Surgery, Cardiovascular Surgery, Gynecological Surgery, and Other Applications), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers value (in USD millions) for the above segments.
| By Product | |
| Bone-Graft Substitutes | |
| Soft-Tissue Attachments | |
| Hemostatic Agents | |
| Surgical Sealants and Adhesives | |
| Adhesion Barriers | |
| Staple Line Reinforcement |
| By Application | |
| Orthopedic Surgery | |
| General Surgery | |
| Neurological Surgery | |
| Cardiovascular Surgery | |
| Gynecological Surgery | |
| Others |
| Geography | ||||||||
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Biosurgery Market Research FAQs
What is the current Global Biosurgery Market size?
The Global Biosurgery Market is projected to register a CAGR of 5.67% during the forecast period (2024-2029)
Who are the key players in Global Biosurgery Market?
Baxter International Inc., Johnson & Johnson, CryoLife, Inc., Becton, Dickinson and Company and B. Braun Melsungen AG are the major companies operating in the Global Biosurgery Market.
Which is the fastest growing region in Global Biosurgery Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Biosurgery Market?
In 2024, the North America accounts for the largest market share in Global Biosurgery Market.
What years does this Global Biosurgery Market cover?
The report covers the Global Biosurgery Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Biosurgery Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Biosurgery Industry Report
Statistics for the 2024 Biosurgery market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Biosurgery analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
