< Key Hightlight >

MARKET OUTLOOK

According to Triton Market Research’s report, the global biosurgery market is anticipated to display growth at a CAGR of 6.21% through the projected period of 2021-2028. 

Over the years, technological advancements and innovations in healthcare facilities have resulted in the rise in biosurgery across various nations. Here, biosurgery plays a vital role as an alternative to conventional open surgery. Hence, technological advancements, in addition to the rising geriatric population, are estimated to widen the scope and growth of the biosurgery market over the coming years. 

However, the high cost of surgeries, coupled with complications relating to immune response, are significant factors that weigh down the progression of the biosurgery market globally. 

REGIONAL OUTLOOK

The global biosurgery market covers North America, Latin America, Asia-Pacific, Europe, and the Middle East and Africa regions. 

Globally, the Asia-Pacific is estimated to become the fastest-growing region in the biosurgery market over the forecast period. The region’s strong growth can be attributed to various factors, such as the growing burden of chronic diseases, the rising number of surgical procedures, and the development of new products. Furthermore, the prevalence of various lifestyle conditions and the increasing geriatric population are another set of factors expected to augment the demand for biosurgery products, thereby driving the biosurgery market on a growth path. 

COMPETITIVE OUTLOOK

The distinguished companies in the biosurgery market include B Braun Melsungen AG, CSL Limited, Medtronic Plc, Smith & Nephew Plc, Zimmer Biomet Holdings Inc, Becton, Dickinson And Company, Integra Lifesciences Holdings Corporation, RTI Surgical, Ethicon Inc (Johnson & Johnson), Stryker Corporation, Wright Medical Group NV, Baxter International Inc, and Sanofi.

Becton, Dickinson and Company is a global medical technology company involved in developing, manufacturing, and selling medical devices, lab equipment, and diagnostic products. Its product portfolio includes syringes and pen needles, infusion pumps, hemostats, and other products. The company offers its products to life science researchers, healthcare institutes, clinical labs, and pharmaceutical companies. It has operations across various regions, including Asia-Pacific and Europe, with headquarters in the United States.