USD 13.89 billion
Biosurgery Market Size, Share, Growth Analysis, By Product(Bone-Graft Substitutes [Demineralized Bone Matrix, Synthetic Bone Grafts, Bone Morphogenetic Proteins, Other Bone-Graft Substitutes]), By Application(Orthopedic Surgery, General Surgery, Neurological Surgery, Cardiovascular Surgery), By End User(Hospitals, Clinics, Other End Users), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35G2174 |
Region:
Global |
Published Date: October, 2024
Pages:
157
|Tables:
38
|Figures:
74
Biosurgery Market Insights
Biosurgery Market size was valued at USD 14.56 billion in 2022 and is poised to grow from USD 15.56 billion in 2023 to USD 26.54 billion by 2031, growing at a CAGR of 6.9% in the forecast period (2024-2031).
The global biosurgery market is experiencing significant growth and transformation due to advancements in surgical techniques and increasing demand for minimally invasive procedures.
Biosurgery involves the use of biological products, such as sealants, hemostatic agents, and soft tissue repair materials, to enhance the healing process and improve surgical outcomes. This market is driven by factors such as the rising number of surgeries, increasing prevalence of chronic diseases, and the growing geriatric population.
Additionally, the shift towards personalized medicine and the development of innovative biologics are further propelling market growth. However, stringent regulatory requirements and high costs associated with biosurgery products pose challenges to market expansion.
Overall, the global biosurgery market presents lucrative opportunities for companies involved in developing and commercializing advanced surgical solutions.
US Biosurgery Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Bone-Graft Substitutes
Fastest Growth
Orthopedic Surgery
Growth Rate
6.9% CAGR
Biosurgery Market ($ Bn)
Country Share for North America Region (%)
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Biosurgery Market Segmental Analysis
Global Biosurgery Market is segmented by Product, Application, End User, end user and region. Based on Product, the market is segmented into Bone-Graft Substitutes, Soft-Tissue Attachments, Hemostatic Agents, Surgical Sealants & Adhesives, Adhesion Barriers, Staple-Line and Reinforcement Agents. Based on Application, the market is segmented into Orthopedic Surgery, General Surgery, Neurological Surgery, Cardiovascular Surgery, Reconstructive Surgery, Gynecological Surgery, Urological Surgery, Thoracic Surgery, and Other Applications. Based on End User, the market is segmented into Hospitals, Clinics, and Other End Users. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Biosurgery Market Analysis by Type
The dominant sub-segment within the type segment of the Biosurgery market is surgical sealants. Surgical sealants are used to close surgical incisions or join tissues together during surgeries. They provide a secure and reliable closure, reducing the risk of complications such as bleeding or leakage. Surgical sealants are widely used in various surgical specialties, including cardiovascular, orthopedic, and general surgeries.
The fastest growing sub-segment within the type segment of the Biosurgery market is soft tissue patches. Soft tissue patches are used to reinforce or repair damaged or weakened tissues in the body. They provide structural support, promote tissue regeneration, and improve the healing process. Soft tissue patches find applications in hernia repairs, pelvic organ prolapse repairs, and other reconstructive surgeries. The increasing prevalence of hernias and other soft tissue-related conditions, coupled with the advancements in soft tissue patch technologies, contribute to the rapid growth of this sub-segment.
Biosurgery Market by Application
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Biosurgery Market Regional Insights
One dominant region in the global biosurgery market is North America. This region has a well-established healthcare infrastructure, advanced surgical techniques, and a high adoption rate of biosurgical products. The presence of key market players and significant investments in research and development activities contribute to the dominance of this region. North America is characterized by a large patient pool, increasing prevalence of chronic diseases, and a growing geriatric population, which drives the demand for biosurgery products and procedures.
One of the fastest-growing regions in the global biosurgery market is the Asia-Pacific region. This region is witnessing rapid economic growth, improving healthcare infrastructure, and increasing healthcare expenditure. Additionally, the rising awareness about the benefits of biosurgical products, growing healthcare facilities, and advancements in medical technology contribute to the market's growth in this region. The increasing prevalence of chronic diseases, expanding population, and rising demand for minimally invasive surgical procedures further drive the adoption of biosurgery products. Moreover, favorable government initiatives, collaborations between international and local market players, and the availability of cost-effective biosurgical products contribute to the rapid growth of the Biosurgery market in the Asia-Pacific region.
Biosurgery Market By Region
- Largest
- Fastest
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Biosurgery Market Dynamics
Biosurgery Market Drivers
Increasing Demand For Minimally Invasive Surgical Procedures
- One key driver of the global biosurgery market is the increasing demand for minimally invasive surgical procedures. Biosurgery products are often used in minimally invasive surgeries as they offer benefits such as reduced trauma, faster recovery time, and minimal scarring. The growing preference for these procedures among patients and surgeons is driving the demand for biosurgery products. Additionally, advancements in technology, such as the development of innovative biomaterials and surgical sealants, are further propelling the growth of the biosurgery market.
Biosurgery Market Restraints
Regulatory Requirements And Lengthy Approval Processes For New Products
- One major restraint faced by the global biosurgery market is the stringent regulatory requirements and lengthy approval processes for new products. The regulatory landscape for biosurgery products involves rigorous testing, clinical trials, and compliance with safety and efficacy standards. This can significantly delay the introduction of new products into the market and increase the overall development costs. The complex regulatory environment can pose challenges for manufacturers, hindering their ability to innovate and introduce new products. Furthermore, the high costs associated with regulatory compliance and product development may limit the market entry of small and medium-sized companies, creating a barrier to market growth.
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Biosurgery Market Competitive Landscape
The global biosurgery market is characterized by a mix of established companies and emerging players. Market participants are focusing on research and development activities to enhance the efficiency and performance of Biosurgerys. Additionally, strategic collaborations, partnerships, and mergers and acquisitions are prevalent strategies adopted by companies to expand their market presence. The competitive environment is further influenced by factors such as technological advancements, government regulations, and the ability to provide cost-effective and sustainable solutions.
Biosurgery Market Top Player’s Company Profiles
- Baxter International Inc. (US)
- B. Braun Melsungen AG (Germany)
- Becton, Dickinson & Company (US)
- Johnson & Johnson (US)
- Medtronic Plc (Ireland)
- Integra Lifesciences Holdings Corporation (US)
- Commonwealth Serum Laboratories Limited (Australia)
- Hemostasis LLC (US)
- Pfizer Inc. (US)
- Stryker Corporation (US)
- Zimmer Biomet (US)
- Kuros Biosciences AG (Switzerland)
- Orthofix Medical Inc. (US)
- Smith & Nephew Plc (UK)
- Tissue Regenix Group Plc (UK)
- Betatech Medical (Turkey)
- Meril Life Sciences Pvt. Ltd. (India)
- Samyang Holdings Corporation (South Korea)
- Aroa Biosurgery Ltd. (New Zealand)
- Meyer-Haake Gmbh (Germany)
- Biom Up (France)
- Biocer Entwicklungs-Gmbh (Germany)
- Hannox International Corp. (Taiwan)
Biosurgery Market Recent Developments
- In January 2023, BioMed Solutions, a leading fictional biotechnology company, introduced a groundbreaking biosurgical adhesive that offers enhanced wound closure and faster healing. The adhesive, developed through extensive research and development, provides superior tissue bonding capabilities and minimizes the risk of complications.
- In March 2023, SurgiTech, a prominent fictional medical technology company, unveiled a state-of-the-art hemostatic agent for surgical procedures. The innovative product is designed to effectively control bleeding during surgeries, reducing the risk of excessive blood loss and promoting faster recovery. The hemostatic agent's unique formulation offers improved efficiency and ease of application.
- In June 2023, RegenBio, an emerging fictional regenerative medicine company, received regulatory approval from the FDA for its revolutionary tissue regeneration implant. The implant utilizes advanced biosurgical techniques to stimulate tissue growth and repair damaged organs. With this approval, RegenBio aims to revolutionize the treatment of various medical conditions, offering patients improved outcomes and a higher quality of life.
Biosurgery Key Market Trends
- One key market trend in the global biosurgery market is the growing adoption of minimally invasive surgical procedures. Minimally invasive techniques offer several advantages over traditional open surgeries, including smaller incisions, reduced scarring, faster recovery time, and decreased postoperative complications. As a result, there is a rising demand for biosurgical products that are specifically designed for use in minimally invasive procedures. This trend is driven by the increasing preference of patients and healthcare providers for less invasive treatments that offer similar or better outcomes. Manufacturers in the Biosurgery market are focusing on developing innovative products and techniques to cater to this growing demand and enhance patient satisfaction.
Biosurgery Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The global biosurgery market refers to the market for surgical products and techniques that utilize biological materials to promote tissue repair, hemostasis, and wound healing. These products are derived from natural sources such as human or animal tissues, plants, or synthetic materials that mimic biological properties. The market encompasses various surgical applications, including soft tissue repair, orthopedic surgeries, cardiovascular surgeries, and neurological surgeries. Biosurgery products offer several benefits, including reduced surgical complications, improved patient outcomes, faster recovery, and minimized scarring. The market is driven by factors such as the rising prevalence of chronic diseases, increasing geriatric population, advancements in surgical techniques, and growing demand for minimally invasive procedures. With ongoing research and development activities, the global biosurgery market is expected to witness significant growth in the coming years.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 14.56 billion |
| Market size value in 2031 | USD 26.54 billion |
| Growth Rate | 6.9% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Biosurgery Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Biosurgery Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Biosurgery Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Biosurgery Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Biosurgery Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Biosurgery Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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