According to the recent research report titled ‘GLOBAL Biosurgery Market 2019-2027’, available with Market Study Report, global biosurgery market is anticipated to record a CAGR of 8.51% during 2019-2027.
 

The report states that increasing number of surgeries due to various lifestyle disorders and rise in joint reconstruction and spinal fusion are primarily driving global biosurgery market growth. Growing aging and overweight population is also adding to the overall market remuneration.
 

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Increasing research & investment in bioengineering, rising healthcare expenditure, and development of policies for compensation and reimbursement are further augmenting the industry size and scope.
 

Despite the favorable business landscape, lack of significant differentiation in several products along with side-effects & FDA inquiry and complications associated to immune response are hampering worldwide biosurgery industry development. In addition, lack of awareness, high cost of surgeries, strict regulatory approval process, and growing usage of minimally invasive surgeries are hindering the business expansion.
 

Based on products, the market is split into bone-graft substitutes, surgical sealing agents, anti-adhesive agents, soft-tissue management, and hemostatic agents.
 

Elaborating on application spectrum, worldwide biosurgery industry is bifurcated into general surgery, orthopedic surgery, cardio & thoracic surgery, and neuro & spine surgery. As per source type, the market is categorized into synthetic and natural.
 

Citing the regional landscape, leading contributors to global biosurgery market valuation are North America (Canada, United States), Europe (Russia, Italy, Spain, France, Germany, United Kingdom), Latin America (Brazil, Mexico), Asia Pacific (South Korea, China, Japan, India), and Middle East & Africa (South Africa, Saudi Arabia, Turkey, United Arab Emirates.)
 

Expert analysts cite that Asia Pacific biosurgery industry is projected to generate notable returns over the coming years, owing to mounting investments by leading players and developing healthcare industry. Booming aging population and subsequent spike in patient population is also adding impetus to the regional market expansion.
 

Major players impacting global biosurgery market trends are Wright Medical Group N.V., Baxter International Inc., Stryker Corporation, Medtronic plc, Ypsomed Holding AG, Ethicon Inc., Olympus Corporation, Smith & Nephew plc, Johnson & Johnson, B. Braun Melsungen AG, RTI Surgical, Sanofi S.A., and Zimmer Biomet Holdings Inc.