This report provides exclusive insights into the COVID-19 impact on the Bio Surgery Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Bio Surgery Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Bio Surgery Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by
Infinium Global Research on bio surgery market provides an in-depth analysis of
segments and sub-segments in the global as well as regional bio surgery market.
The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional bio surgery market over the short term as
well as long term. The report is a comprehensive presentation of trends,
forecast and dollar values of global bio surgery market. According to the
report, the global bio surgery market is projected to grow at a CAGR of 6.55%
over the forecast period of 2019-2025.
Bio surgery is suitable for use
on a variety of sloughy and necrotic wounds. Bio surgery also is known as
larval therapy or maggot therapy. Sloughy wounds are a complex mixture of
proteins, fibrin, serous exudates, bacteria, and leucocytes. Sloughy wounds are
too thick to be removed by swabbing or irrigation as they are rapidly built
upon the surface of previously clean wounds. Necrotic wounds rarely have high
levels of exudate, and in this type of wounds, an alginate dressing is more
suitable than a hydrogel or hydrocolloid dressing. Bio surgery is beneficial in
several surgeries such as neurological and spine surgery, orthopedic surgery,
and gynecology surgery.
The rising number of surgeries
owing to the increasing rate of obesity and other lifestyle disorders drives
the growth of bio surgery market. Growing diabetic patients boosts the growth
of bio surgery market. Diabetic patients have difficulty in healing wounds.
Maggot debridement therapy is one of the effective treatment for diabetic
patients. According to NCBI, 60% of diabetic patients treated with maggot
debridement therapy, erythema developed in normal skin surrounding the
wound. Rising prevalence of cancer
patients fuels the growth of bio surgery market. According to the world health
organization, cancer is the second leading cause of death globally and it is
estimated 9.6 million death in 2018. Moreover, the growing aging population and
growing adoption of bio surgery products contribute to the growth of bio
surgery market. However, high cost associated with surgeries and stringent
government regulations may hamper the growth of bio surgery market. The rise in
healthcare expenditure in the developing countries, such as India and China,
provides beneficial opportunities for the growth of bio surgery market.
Among the geographies, North
America dominates the bio surgery market followed by Europe. Growing adoption
of advanced technologies, established healthcare sector as well as increasing
investment in healthcare industry contribute to the growth of bio surgery
market. Among the region, U.S holds a significant share in the bio surgery
market. According to the world health organization, cervical cancer is among
the most common types of cancer affecting women in the European Region, with 69
000 new cases and 30 000 deaths estimated for 2018 alone. Increasing prevalence
of cancer, aging population and rising healthcare expenditure in the Europe
region contribute to the growth of bio surgery market. Furthermore, the growth
of bio surgery market in the Asia Pacific is expected to increase as the
population is increasing in the region.
The report on global bio surgery
market covers segments such as product, and application. On the basis of
product, the sub-markets include surgical sealants, homeostatic agents,
adhesive barriers, soft-tissue attachments, biological mesh, and other
products. On the basis of application, the sub-markets include cardiovascular
surgery, neurological and spine surgery, orthopedic surgery, gynecology
surgery, general surgery, and other applications.
The report provides profiles of
the companies in the market such as Baxter International Inc., C. R. Bard,
Inc., Johnson & Johnson, Sanofi S.A, B. Braun Melsungen AG, Atrium Medical
Corporation Company, Stryker Corporation, Homeostasis Laboratories, Inc.,
Pfizer Inc., CryoLife, Inc., and Other companies.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of bio surgery market. Moreover, the study highlights current market
trends and provides forecast from 2019-2025. We also have highlighted future
trends in the market that will affect the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight into the market share of the leading players.