How is the Biosurgery Market Poised for Growth: Trends and Opportunities Through 2034
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What is the Predicted Annual Growth Rate of the Biosurgery Market Over the Coming Decade?
There has been considerable growth in the biosurgery market in the past few years. It’s anticipated to amplify from $15.27 billion in 2024 to $16.49 billion in 2025, with a compound annual growth rate (CAGR) of 8.0%. This growth over the historical period is due to an increase in surgical procedures, an upsurge in chronic illnesses, an expanding elderly population, a transition towards biodegradable products, along with alterations in regulations and approvals.
In the coming years, the biosurgery market size is projected to witness impressive growth. The market value is set to reach $22.98 billion in 2029, with a compound annual growth rate (CAGR) of 8.7%. This growth during the forecast period could be attributed to progress in tissue engineering, an increase in minimally invasive procedures, emphasis on regenerative medicine, tilt towards biologics, and the requirements of an aging population. The forecast period will also see significant trends such as an increase in minimally invasive procedures, a surge in cosmetic and plastic surgeries, emphasis on stem cell therapies, advancements in wound care, and the creation of biodegradable products.
How Are the key drivers expanding the growth of the biosurgery Market?
The anticipated rise in chronic disease cases is projected to fuel the expansion of the biosurgery market. Chronic diseases are health conditions that last for a year or more, require ongoing medical attention, and limit daily life activities. In the United States, chronic diseases such as diabetes, cancer, and heart disease are the chief causes of death and disability. Chronic wounds can be treated with biosurgery that helps in the removal of dead tissue, reducing infection risk, and accelerating the healing process. For example, the Australian Bureau of Statistics reported in March 2022 that seventy-eight percent (78.6%) of the Australian population had at least one chronic illness. This translates to roughly 11.6 million individuals, equating over half of the total population. As a consequence, the rising prevalence of chronic diseases is a significant factor driving the biosurgery market’s expansion.
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What Are the Major Players Making an Impact in the Biosurgery Market’s Growth?
Major companies operating in the biosurgery market include:
• Baxter International Inc._x000D_
• B. Braun SE_x000D_
• Becton_x000D_
• Dickinson and Company_x000D_
• Hemostasis LLC_x000D_
Which Upcoming Trends Are Set to Influence the Biosurgery Market’s Path Forward?
Key players in the biosurgery market are capitalizing on technological breakthroughs, for instance, cutting-edge wound care technology to boost healing results, minimize rates of infection, and hasten patient recuperation via novel products and techniques. This advanced wound care technology includes revolutionary procedures and products constructed to augment wound healing, preclude infection, and elevate patient outcomes. For example, Health Care at Home India Pvt Ltd, a company based in India that produces medical goods, unveiled WOW (Warriors of Woundcare) Nurses in September 2024. The WOW Nurses’ objective is to actively avert and treat bedsores, which are frequent issues for patients with restricted mobility. Bedsores have the potential to dramatically decelerate recovery, prolong hospital stays, and heighten the risk of infection.
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What Are the Major Categories and Their Growth Dynamics in the Biosurgery Market?
The biosurgery market covered in this report is segmented –
1) By Product: Bone-Graft Substitutes, Soft-Tissue Attachments, Hemostatic Agents, Surgical Sealants And Adhesives, Adhesion Barriers, Staple Line Reinforcement
2) By Source: Natural Or Biologics Products, Synthetic Products
3) By Application: Orthopedic Surgery, General Surgery, Neurological Surgery, Cardiovascular Surgery, Gynecological Surgery, Other Applications
4) By End-User: Hospitals, Clinics, Other End-Users
Subsegments,
1) By Bone-Graft Substitutes: Synthetic Bone Grafts, Natural Bone Grafts
2) By Soft-Tissue Attachments: Mesh Products, Biological Grafts
3) By Hemostatic Agents: Powdered Agents, Gel-based Agents
4) By Surgical Sealants And Adhesives: Fibrin Sealants, Synthetic Sealants
5) By Adhesion Barriers: Absorbable Barriers, Non-absorbable Barriers
6) By Staple Line Reinforcement: Reinforcement Devices, Surgical Staples
What Regions Are Steering Growth in the Biosurgery Sector?
North America was the largest region in the biosurgery market in 2024. Asia-Pacific is expected to be the fastest-growing region in the biosurgery market report during the forecast period. The regions covered in the biosurgery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
How Can We Define the Biosurgery Market and Its Key Components?
Biosurgery refers to the practice of using live maggots to remove dead tissue from wounds, reduce the risk of infection, and hasten wound healing. It primarily consists of semi-synthetic, synthetic, or natural materials that aid in the healing of surgical incisions and the restoration of tissue.
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