Europe Biosurgery Market Outlook 2019-2027Posted by Bharat Book on June 13th, 2019 Bharat Book Bureau Provides the Trending Market Research Report on “Europe Biosurgery Market 2019-2027” under Medical Devices category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.
MARKET OUTLOOK
Europe Biosurgery Market is projected to rise at a CAGR of 8.21% throughout the forecasting period of 2019-2027. The U.K., Germany, France and countries in rest of Europe constitute the market for biosurgery in Europe.
The increasing availability of the natural and synthetic sources from which the biosurgical devices are derived is driving the growth of the market. The Gelatin Manufacturers of Europe (GME) was established in 1974. The objective of the GME is to further develop gelatin and hydrolyzed collagen products as well as to open up new markets. Increasing rates of chronic disorders in Europe, including cardiovascular disease, cancer and others is also likely to drive the market for biosurgery.
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Increasing rates of pulmonary diseases, renal disorders, and other conditions are progressing toward their severe stages among the U.K. population. As a result, the number of surgical procedures is increasing and this is directly stimulating the demand for biosurgical methodologies in various surgical procedures where patients can lose their lives because of excessive blood loss.
The high cost of surgeries and stringent regulation are major factors obstructing the growth of the biosurgery market in the region. The factors such as rising initiatives of the government for developing bioengineering sector and reimbursement policies and compensation are leveraging the Europe biosurgery market in the coming years. On the other hand, some of the challenges faced by the market in the region are the side-effects & FDA inquiry of the products and complication related to immune response.
COMPETITIVE OUTLOOK
Major players that have established their presence in the biosurgery market include Olympus Corporation, Ypsomed Holding AG, Stryker Corporation, Sanofi, Johnson & Johnson, B. Braun Melsungen AG, Zimmer Biomet Holdings, Inc., Ethicon, Inc., RTI Surgical, Baxter International, Inc., Smith & Nephew Plc, Wright Medical Group N.V. and Medtronic Plc.
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