The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global biosurgery market is poised for substantial expansion, with the market size projected to grow from $12.97 billion in 2022 to $14.10 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. Further, the market is anticipated to reach $18.83 billion in 2027, sustaining a CAGR of 7.4%. In this analysis, we delve into the driving forces behind this growth and highlight key players and trends shaping the biosurgery landscape.

Propelling Forces:
The anticipated increase in the prevalence of chronic diseases is expected to be a primary driver for the growth of the biosurgery market. Chronic diseases, characterized by health problems persisting for a year or longer, pose a significant healthcare challenge globally. In the United States, chronic diseases like diabetes, cancer, and heart disease are leading causes of death and disability. Biosurgery plays a crucial role in managing chronic wounds by eliminating dead tissue, reducing infection risks, and expediting the healing process. A study report by the American Action Forum in September 2020 highlighted the rising frequency and expenses associated with chronic illnesses in the U.S., emphasizing the urgent need for effective solutions. Given that chronic illness costs the U.S. approximately $3.7 trillion annually, or about 19.6% of the GDP, and is on the rise, the biosurgery market is expected to witness significant growth.

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Major Players:
Key industry players contributing to the biosurgery market include Baxter International Inc., B. Braun SE, Becton, Dickinson and Company, Hemostasis LLC, and others. These companies play a pivotal role in shaping the competitive landscape, emphasizing the importance of innovation and strategic positioning.

Innovation Takes Center Stage:
A notable trend in the biosurgery market is the emphasis on product innovations by major companies. In April 2021, Aroa Biosurgery, a New Zealand-based manufacturer, launched Myriad Morcells™, a Myriad Matrix™ morcellized configuration that enhances interaction with uneven wound beds, providing a burst of biologically significant extracellular matrix (ECM) proteins to ‘kick start’ healing. The product leverages Aroa ECM™ bioscaffold technology, incorporating crucial secondary chemicals and vascular channels to facilitate the formation of new tissue. This innovation underscores the commitment of industry players to advancing solutions in biosurgery.

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Regional Dynamics:
North America held the largest share in the biosurgery market in 2022, with Asia-Pacific expected to emerge as the fastest-growing region during the forecast period. The comprehensive market report covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Market Segmentation:
The global biosurgery market is segmented across various parameters, offering a nuanced understanding of the diverse product landscape.

• By Product: Bone-Graft Substitutes, Soft-Tissue Attachments, Hemostatic Agents, Surgical Sealants and Adhesives, Adhesion Barriers, Staple Line Reinforcement
• By Source: Natural or Biologics Products, Synthetic Products
• By Application: Orthopedic Surgery, General Surgery, Neurological Surgery, Cardiovascular Surgery, Gynecological Surgery, Other Applications
• By End-User: Hospitals, Clinics, Other End-Users

The Biosurgery Global Market Report 2023  provides a comprehensive overview on the market size, market trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the biosurgery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Robotic Surgery Devices Global Market Report 2023
Minimally Invasive Surgical Instruments Global Market Report 2023
Surgical Equipment Global Market Report 2023

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