According to the research report titled ‘GLOBAL BIOSURGERY MARKET 2021-2028,’ available with MarketStudyReport, global biosurgery market is slated to progress at 6.21% CAGR during 2021-2028.

The surge in the proportion of the aging population, increasing volume of spinal fusion & joint reconstruction surgeries, rise in the surgical treatment of musculoskeletal diseases, and numerous technological advancements in the field are facilitating the expansion of global biosurgery market.

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Moreover, increasing investments in the R&D in bioengineering arena, coupled with supportive reimbursements & compensation policies are estimated to create remunerative prospects for the stakeholders during the review period. 

On the contrary, massive costs of surgeries combined with complications concerning the response of the immune system are likely to pose a threat to the growth of market in the forthcoming years. 

As per product type, the business sphere is categorized into anti-adhesive agents, bone-graft substitutes (cell-based matrices, demineralized bone matrix, bone morphogenetic proteins, synthetic graft extenders), hemostatic agents, soft-tissue management (natural mesh/patch, synthetic mesh/patch), surgical sealing agents (natural, synthetic), and staple line reinforcement.

Based on application spectrum, worldwide biosurgery industry is classified into general surgery, orthopedic surgery, neuro & spine surgery, cardio & thoracic surgery, and others.  Regarding source type, the market is divided into synthetic, and natural. 

Speaking of the regional terrain, Asia Pacific market is anticipated to witness a substantial growth during the assessment timeframe, attributed to the growing cases of chronic diseases, soaring number of surgical procedures, and introduction of innovative products in the region. Additionally, the surging geriatric population, along with pre-existing lifestyle conditions are bolstering the revenue scope of the overall market. 

The prominent companies in global biosurgery market are Sanofi S.A., B. Braun Melsungen AG, Baxter International Inc., CSL Limited, Medtronic plc, Stryker Corporation, Smith & Nephew plc, Ethicon Inc., Zimmer Biomet Holdings Inc., Wright Medical Group N.V., Integra Lifesciences Holdings Corporation, Becton, Dickinson and Company, and RTI Surgical Holdings Inc. among others.