North America Bio Surgery Market to Grow Rapidly by 2021 - Market Data Forecast

Posted by rohan on October 24th, 2017

The North America Bio Surgery Market was worth USD 6.55 billion in 2016 and estimated to be growing at a CAGR of 8.24%, to reach USD 9.73 billion by 2021. Bio surgery is an emerging field that utilizes biomaterials, therapeutic and sophisticated device technologies in order to improve the health patients that are under post-surgical care or in the field of orthopaedics. Most bio surgery products work on the principle of facilitating homeostasis and tissue healing in surgery.

Bio surgery products aid in the process of hard tissue regeneration in ortho-biologics as well. The common solutions in bio surgery include, anti-adhesive agents, haemostatic agents, surgical sealant and other mesh products. Recent developments include a bone graft implantation made up of polyetheretherketone and synthetic hydrogel technologies, which is a combination of bio active products such as sealant and orthobiologics.

The major driver of the North America Bio Surgery market is rise in sport and spine related injuries. The increase in per capita healthcare expenditure, the rise in the number of surgeries due to an increase in the obese population along with lifestyle disorders are other factors bolstering the market growth. Inspite of the numerous advantages, the market growth is still hampered by factors such as the high costs, and growing preference of consumers for minimally invasive surgeries as opposed to the conventional one.

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The North America Bio Surgery market is broadly classified into Sealants, Haemostatic Agents, Adhesion Barriers, Soft Tissue Attachments, Bone Graft Substitutes and Staple Line Reinforcement Agents on the basis of type and based on application they are classified under Orthopaedic, General, Neurological, Cardiovascular, Reconstructive, Gynaecological, Urological and Thoracic surgeries.  Based on geography, the North America market is analysed under USA and Canada. The North American market has the largest market share globally inspite of the having a low growth rate in recent years. This is expected as the scope for development in the region is quite low and the entrant of new players into the market is not encouraged by the presence of major market players native to the region.

The Bio Surgery market is highly competitive with a large number of players. Key market players Baxter International, C.R. Bard, Johnson & Johnson, Covidien plc., Getinge Group, B. Braun Melsungen AG, Cryolife Inc., Stryker Corporation, Hemostasis LLC., and Sanofi Group.

The North America Bio Surgery Market study offers the following deliverables:

•          Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
•          Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
•          Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
•          Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
•          Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
•          A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
•          Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
•          An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
•          Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

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