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Biosurgery Market

The report "Biosurgery Market by Product Type (Sealants, Hemostats, Adhesion Barrier, Soft Tissue Attachments, Biological Meshes, DBM, Bone Graft Substitutes), Application (Orthopedic, Cardiovascular), End User (Hospitals, Clinics) - Global Forecast to 2026", is projected to reach USD 16.0 billion by 2026 from USD 12.2 billion in 2021, at a CAGR of 5.7%

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Biosurgery Market

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  1. Biosurgery Market At aCAGR of5.7%

  2. The report"Biosurgery Market by Product Type (Sealants, Hemostats, Adhesion Barrier, Soft Tissue Attachments, Biological Meshes, DBM, Bone Graft Substitutes),Application (Orthopedic, Cardiovascular),End User (Hospitals, Clinics) - Global Forecastto2026",isprojectedto reach USD 16.0 billion by 2026 fromUSD12.2billionin2021,ata CAGRof 5.7%duringtheforecast period. The prominent players in this market are Johnson & Johnson (US), Baxter International Inc. (US), Medtronic Plc (Ireland),Becton,Dickinson&Co. (US), B. Braun Melsungen AG (Germany), Stryker Corp. (US), Integra Lifesciences Holdings Corp. (US), CSL Ltd. (Australia), Hemostasis LLC. (US), Pfizer Inc. (US), Cyrolife Inc. (US), Zimmer Biomet (US), KurosBiosciences AG (Switzerland), Orthofix Medical Inc. (US), andSmiths&NephewPlc. (UK).

  3. Johnson & Johnson (US) held the leading position in the biosurgery market in 2020. The company offers a wide range of biosurgery products including bone graft substitutes, soft tissue attachments, hemostats, staple line reinforcement agents, and surgical sealants and adhesives. The company has a strong geographic presence established through its manufacturing and distribution facilities, across the globe. The company leverages its research capabilities and innovativeproductportfoliotoensurea leadingpositioninthebiosurgerymarket. In FY2020, company invested about USD 12.2 Billion in R&D, out of which about USD 2.1billionwereinvestedinMedicalDevicesbusinesssegment,anincreaseof 9.8% in comparison toFY2019. Medtronic Plc (Ireland) held the second position in the global biosurgery market. Company has exhaustive product portfolio, specifically in bone graft substitutes and soft tissue attachment category. Additionally, the company leverages its researchcapabilitiesandinnovativeproductportfoliotoensure a leadingposition in the biosurgery market. In FY2020, the company invested USD 2,331 million in R&D, up from USD 2253 million in FY2018. Medtronic focuses on organic growth strategies such as innovation, product launch and approval for its growth in the biosurgery market, as evidenced by its recent product approval and launches duringFY2018toFY2019acrossorthopedicandspinesurgeryportfolio.

  4. The surgical sealants andadhesives segmentisexpectedtogrowatthe highestCAGR The orthopedic segment accountedfor the largestshare Hospitals segment accounted forthe largestshare Asia Pacific is expected to showthe highest growthrate

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