Biosurgery Market to reach USD 19.74 billion by 2029,Trends, Size

Biosurgery is the practise of cleaning a wound or contaminated area with live organisms like as larvae or maggots. The treatment is centuries old, yet it has remained popular in society due to the benefits it provides. The living organisms utilised in this treatment eat up the cleansed region as well as bad bodily growth, while cleansing away the beneficial material. Tissue management and regenerative tissue healing are other applications of the treatment. Maggot therapy and larval therapy are other terms for the same treatment.

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Biosurgery products are utilised to restore weaker and injured tissues and bones in a variety of operations. In surgical treatment, wound and tissue management, and regenerative healing, biosurgery has ushered in a new era. With the correct balance of biologics and synthetics, it has even opened new potential in regenerative repair.

The hospital segment has the largest proportion of the market. The growing number of hospitals, as well as infrastructural and economic growth, can be linked to this segment's considerable proportion, particularly in emerging markets. Data Bridge Market Research analyses that the physical therapy market was USD 12.2 billion in 2021 and is further estimated to reach USD 19.74 billion by 2029, and is expected to grow at a CAGR of 6.2% during the forecast period of 2022 to 2029.

Opportunities

In addition, the rise in the health awareness, expanding healthcare expenditure, growing medical tourism, and fast improving healthcare infrastructure is further estimated to provide potential opportunities for the growth of the biosurgery market in the coming years.

Drivers

Rise in the cases of surgeries

The number of procedures requiring long operating hours has increased as the number of accidents has increased. As a result, the demand for appropriate blood loss management products during surgical procedures has skyrocketed.

North America dominates the biosurgery market due to the long-standing healthcare industry. Furthermore, the rise in the incidence of obesity and cardiovascular diseases will further boost the growth of the biosurgery market in the region during the forecast period.

Asia-Pacific is projected to observe significant amount of growth in the biosurgery market due to the developments in the healthcare facilities and reimbursement policies in advancing economies. Moreover, the rise in the awareness associated to the advanced surgical procedures is further anticipated to propel the growth of the biosurgery market in the region in the coming years.

Some of the major players operating in the biosurgery market are

Baxter (US)

BD (US)

Johnson & Johnson Services, Inc. (US)

Medtronic (US)

Sanofi (France)

B. Braun Melsungen AG (Germany)

CryoLife, Inc. (US)

Stryker Corporation (US)

Hemostasis, LLC (US)

Integra LifeSciences Corporation (US)

Pfizer Inc. (US)

CSL Limited (Australia)

Exactech, Inc. (US)

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