Published Date: 31-Dec-2019
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According to a new report Global Biosurgery Market, published by KBV Research, The Global Biosurgery Market size is expected to reach $16.9 billion by 2025, rising at a market growth of 6.8% CAGR during the forecast period.
Because of the well-established healthcare sector, North America is projected to capture the leading market share in biosurgery during the forecast period. It is also expected to push regional growth and increase the prevalence of obesity and cardiovascular diseases. The Asia Pacific market is expected to witness a CAGR of 8.3% during (2019 - 2025). Caused by an increase in the geriatric population, which is prone to various diseases, Europe is anticipated to capture the second largest market share during the forecast period and grows with a CAGR of 6%. In addition, developments in the healthcare sector and advanced medical device implementation are increasing regional demand for biosurgery.
General surgery obtained the largest market size in 2018 and is expected to retain a substantial share over the forecast period as well. Growth is primarily due to advances in technology and increased adoption of advanced surgeries in developing economies. The Orthopedic Surgeries market is expected to witness a CAGR of 6.2% during (2019 - 2025). Additionally, The Neurological Surgeries market is expected to witness highest CAGR of 7.8% during (2019 - 2025).
The surgical sealant segment is likely to remain dominant in the biosurgery market over the forecast period. This can be associated with the growing incidence of sports-related injuries and lower back pain. The soft tissue attachment sub-segment is estimated to record the rapid growth rate of 8.1% over the forecast period. This can be associated with extensive applications in various surgical procedures. The Bone Graft Substitutes market is expected to witness a CAGR of 7.9% during (2019 - 2025). Additionally, The Adhesion Barriers market is expected to witness significant CAGR of 7.6% during (2019 - 2025).
Structural Insights: https://www.kbvresearch.com/biosurgery-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Baxter International, Inc., Johnson and Johnson, Medtronic PLC, Pfizer, Inc., Stryker Corporation, B. Braun Melsungen AG, Sanofi S.A., Becton, Dickinson and Company, Integra LifeSciences Holdings Corporation and CSL Limited.
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