Biosurgery Market to Reach $27.32 Bn, Globally, by 2030 at 9.1% CAGR: Allied Market Research
Rise in spending on R&D activities by researchers, private companies, and government organizations and surge in prevalence of severe traumatic injuries drive the growth of the global biosurgery market.
PORTLAND, Ore., April 6, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "Biosurgery Market by Product Type (Anti Adhesive Agents, Bone Graft Substitutes, Hemostatic And Surgical Sealant, Mesh), by Application (Cardiovascular And Thoracic Surgery, Neuro And Spine Surgery, Orthopedic Surgery, General Surgery), by Source (Biologics Products, Synthetic Products): Global Opportunity Analysis and Industry Forecast, 2020-2030." According to the report, the global biosurgery industry generated $11.42 billion in 2020, and is expected to reach $27.32 billion by 2030, witnessing a CAGR of 9.1% from 2021 to 2030.
Download Sample Report for More Insights- https://www.alliedmarketresearch.com/request-sample/1235
Drivers, Restraints, and Opportunities
Rise in spending on R&D activities by researchers, private companies, and government organizations, strategies adopted by top players such as new product launches, and surge in prevalence of severe traumatic injuries drive the growth of the global biosurgery market. However, expensive nature of biosurgery products and stringent regulations restrain the market growth. On the other hand, rise in number of surgical procedures and surge in number of sports-related injuries present opportunities in the coming years.
Impact of COVID-19 on Biosurgery Market-
- Hospitals and clinics shifted their resources to take care of patients infected with Covid-19 during the pandemic. Owing to this, the soft tissue orthopedic and urogynecology procedures were profoundly affected.
- The lockdown restrictions and possibility of cross-contamination led to reduced number of patient visits for diseases such as cancer and diabetes during the pandemic. For instance, the Tissue Regenix Group, a medical technology company, highlighted that revenue generated by biosurgery procedures declined by around 22% due to the cancellation of elective surgical procedures.
Get detailed COVID-19 impact analysis on the Biosurgery Market- https://www.alliedmarketresearch.com/request-for-customization/1235?reqfor=covid
The mesh segment to maintain its leadership status during the forecast period
Based on product type, the mesh segment held the highest market share in 2020, contributing to more than one-third of the global biosurgery market, and is projected to maintain its leadership status during the forecast period. This is due to increase in incidence of surgeries such as cardiovascular surgery and general abdominal surgery that raise the demand for anti-adhesive agents. However, the bone graft substitutes segment is estimated to manifest the largest CAGR of 10.5% from 2021 to 2030, owing to rise in demand for bone graft substituent products and increase in number of sports injuries and surgeries.
The neuro- and spine surgery segment to maintain its lead position throughout the forecast period
Based on application, the neuro- and spine surgery segment accounted for the highest market share in 2020, accounting for nearly two-fifths of the global biosurgery market, and is projected to maintain its lead position throughout the forecast period. This is attributed to increase in prevalence of the neurological disorder. However, the general surgery segment is projected to manifest the largest CAGR of 10.2% from 2021 to 2030, owing to rise in incidence of surgeries, surge in sedentary lifestyle, and increase in the geriatric population.
For Purchas Inquiry- https://www.alliedmarketresearch.com/purchase-enquiry/1235
North America to maintain its dominance in terms of revenue by 2030
Based on region, North America contributed the highest market share in terms of revenue in 2020, accounting for nearly two-fifths of the global biosurgery market, and is expected to maintain its dominance in terms of revenue by 2030. This is due to increase in prevalence of chronic disease, rise in number of surgeries, presence of key players in manufacturing biosurgery products, and surge in development in R&D activities in the healthcare sector. However, Asia-Pacific is projected to portray the fastest CAGR of 10.2% during the forecast period, owing to rise in number of sport-related surgery and injury and increase in demand for biosurgery products.
Leading Market Players
- Aroa Biosurgery Limited
- B. Braun Melsungen AG
- Baxter International Inc.
- Becton, Dickinson and Company
- Hemostasis LLC
- Integra LifeSciences Holdings Corp.
- Johnson and Johnson
- Medtronic PLC
- Sanofi S.A.
- Tissue Regenix Group
Official Press Release- https://www.alliedmarketresearch.com/press-release/biosurgery-market.html
Similar Research Reports for Information, Communication and Technology:
Drug Delivery Devices Market- Global Opportunity Analysis and Industry Forecast, 2021–2030
Coronary Stents Market - Global Opportunity Analysis and Industry Forecast, 2021–2030
Precision Medicine Market - Global Opportunity Analysis and Industry Forecast, 2021–2030
North America IVD Market - Global Opportunity Analysis and Industry Forecast, 2021–2030
Body Fat Reduction Market - Global Opportunity Analysis and Industry Forecast, 2021–2030
AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model):
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
Share this article