Biosurgery Market Outlook, Trends And Future Opportunities (2024-2031)

Biosurgery Market Outlook, Trends And Future Opportunities (2024-2031)

Biosurgery Market, By Product Type (Hemostats, Sealants, Adhesives, Soft-Tissue Repair, Bone Graft Substitutes, Wound Care, Others (Tissue Engineering Products, Biomaterials)), By End-User (Hospitals, Ambulatory Surgical Centers, Specialty Clinics, Academic and Research Institutes, Others (Home Healthcare, Long-Term Care Facilities)), By Application (Cardiovascular Surgery, Orthopedic Surgery, Neurological Surgery, General Surgery, Wound Care, Others (Urological Surgery, Ophthalmology, Dental)), By )Material (Collagen-based, Protein-based, Polysaccharide-based, Synthetic-based, Others (Ceramic-based, Polymer-based)), By Technology (Tissue Engineering, Regenerative Medicine, Biomaterials, Biological Adhesives, Biological Sealants, Others (Biological Hemostats, Biological Wound Care), Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) The report offers a comprehensive view of the market from supply as well as demand side to help take informed decisions.

  • Published On: Apr 2024
  • Author(s): Sagar Karlekar
  • Report ID: IDA122
  • Region: Global
  • Format: PDF/EXCEL

Market Analysis:

The Biosurgery Market had an estimated market size worth US$ 11,542 million in 2023, and it is predicted to reach a global market valuation of US$ 18,535.5 million by 2031, growing at a CAGR of 6.1% from 2023 to 2030.

Biosurgery refers to the use of biological materials, such as tissues, cells, and biomolecules, in surgical procedures to aid healing, reduce complications, and improve patient outcomes. These biological materials are used in a variety of surgical applications, including wound closure, hemostasis, tissue repair, and regeneration.

The increasing prevalence of chronic diseases and the growing geriatric population are major drivers of the Biosurgery market. Chronic conditions like cardiovascular diseases, cancer, and orthopedic disorders require advanced surgical interventions, driving the demand for effective biosurgical products. Additionally, the integration of artificial intelligence (AI) and machine learning (ML) in biosurgical products is expected to revolutionize the market, as these technologies can assist surgeons in decision-making, procedure planning, and real-time monitoring during operations.

In summary, the Biosurgery market is a rapidly growing segment within the medical devices industry, driven by the increasing need for advanced surgical solutions and the integration of emerging technologies. The market is segmented by product type, end-user, application, material, and technology, with key players continuously investing in research and development to introduce innovative products.

The Biosurgery Market is segmented by Product Type, End-User, Application, Material, and Technology. By Product Type, the market is segmented into Hemostats, Sealants, Adhesives, Soft-Tissue Repair, Bone Graft Substitutes, Wound Care, and Others (Tissue Engineering Products, Biomaterials). One of the largest subsegments is Hemostats, which play a crucial role in controlling bleeding during surgical procedures, driving its growth in the market.

Epidemiology Insights:

The burden of chronic diseases, which require advanced surgical interventions, is a key factor driving the growth of the Biosurgery market globally. In North America, the high prevalence of cardiovascular diseases, orthopedic disorders, and cancer has contributed to the region's leading position in the Biosurgery market. Similarly, Europe has also witnessed a significant disease burden, particularly in countries like Germany, France, and the United Kingdom.

The key epidemiological trends driving the Biosurgery market include the aging population, the rise in obesity and sedentary lifestyles, and the increasing incidence of chronic conditions. For instance, the incidence of cardiovascular diseases in the United States is expected to rise from 121.5 million in 2016 to 131.2 million by 2035, according to the American Heart Association. This trend is mirrored in other major markets, such as the European Union and Japan, further fueling the demand for effective biosurgical solutions.

While the Biosurgery market serves a broad range of medical conditions, some specific disease areas, such as orthopedic disorders and wound care, present significant growth opportunities. For example, the global prevalence of osteoarthritis, a leading cause of disability, is expected to increase due to the aging population and the rising prevalence of obesity. This trend, coupled with the growing demand for minimally invasive surgical procedures, is likely to drive the adoption of biosurgical products in the orthopedic segment.

Market Landscape:

The Biosurgery market still has some unmet needs, particularly in the areas of cost-effectiveness and the availability of reliable biological materials. While the current treatment options, which include hemostats, sealants, adhesives, and soft-tissue repair products, have demonstrated clinical benefits, the high cost of these products can limit their accessibility, especially in developing regions.

However, the market is witnessing the development of various breakthrough treatment options. For instance, advancements in regenerative medicine and tissue engineering are leading to the creation of novel biosurgical products that can potentially address these unmet needs. Companies are investing heavily in research and development to introduce innovative solutions that are both clinically effective and cost-efficient.

The Biosurgery market is moderately consolidated, with several large players, such as Baxter International Inc., Johnson & Johnson, and Medtronic plc, dominating the market. These companies have a strong presence in the market and are continuously expanding their product portfolios through strategic acquisitions and partnerships. At the same time, the market also includes several mid-sized and smaller companies that are actively developing innovative biosurgical products, contributing to the overall diversity of the market landscape.

Market Report Scope:

Key Insights

Description

The market size in 2023

US$ 11,542 Mn

CAGR (2024 - 2031)

6.1%

The revenue forecast in 2031

US$ 18,535.5 Mn

Base year for estimation

2023

Historical data

2019-2023

Forecast period

2024-2031

Quantitative units

Revenue in USD Million, and CAGR from 2021 to 2030

Market segments

  • By Product Type: Hemostats, Sealants, Adhesives, Soft-Tissue Repair, Bone Graft Substitutes, Wound Care, Others (Tissue Engineering Products, Biomaterials)
  • By End-User: Hospitals, Ambulatory Surgical Centers, Specialty Clinics, Academic and Research Institutes, Others (Home Healthcare, Long-Term Care Facilities)
  • By Application: Cardiovascular Surgery, Orthopedic Surgery, Neurological Surgery, General Surgery, Wound Care, Others (Urological Surgery, Ophthalmology, Dental)
  • By Material: Collagen-based, Protein-based, Polysaccharide-based, Synthetic-based, Others (Ceramic-based, Polymer-based)
  • By Technology: Tissue Engineering, Regenerative Medicine, Biomaterials, Biological Adhesives, Biological Sealants, Others (Biological Hemostats, Biological Wound Care)

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East, and Africa

Market Drivers

  • Increasing prevalence of chronic diseases
  • Growing geriatric population
  • Advancements in medical technology
  • Rising demand for minimally invasive surgical procedures

Market Restraints

  • High cost of biosurgical products
  • Stringent regulatory approval process
  • Limited reimbursement coverage for some biosurgical procedures
  • Concerns about the availability and reliability of biological materials

Competitive Landscape

Baxter International Inc., Johnson & Johnson, Medtronic plc, Becton, Dickinson and Company, Integra LifeSciences Holdings Corporation, Anika Therapeutics, Inc., Wright Medical Group N.V., Stryker Corporation, Sanofi S.A., Pfizer Inc., Ethicon, Inc. (a subsidiary of Johnson & Johnson), Arthrex, Inc., Smith & Nephew plc, Tissuegene, Inc., Solvay S.A., Coloplast A/S, Zimmer Biomet Holdings, Inc., Olympus Corporation, Macopharma, Grifols, S.A.

Market Drivers:

Increasing Prevalence of Chronic Diseases

The rising incidence of chronic medical conditions, such as cardiovascular diseases, cancer, and orthopedic disorders, is a significant driver for the Biosurgery market. These chronic conditions often require advanced surgical interventions, leading to a growing demand for effective biosurgical products. For instance, the global prevalence of osteoarthritis, a leading cause of disability, is expected to increase due to the aging population and the rising prevalence of obesity. This trend, coupled with the growing demand for minimally invasive surgical procedures, is fueling the adoption of biosurgical solutions in the orthopedic segment. Additionally, the increasing burden of cardiovascular diseases worldwide is contributing to the need for innovative hemostats, sealants, and soft-tissue repair products to enhance surgical outcomes and patient recovery.

Technological Advancements in Biosurgery

The integration of emerging technologies, such as artificial intelligence (AI) and machine learning (ML), is revolutionizing the Biosurgery market. These advanced technologies are being increasingly incorporated into biosurgical products, enabling surgeons to make more informed decisions, optimize procedure planning, and monitor real-time surgical performance. For example, the use of AI-powered imaging analysis can assist surgeons in precisely identifying target tissue and guiding the placement of biosurgical materials during complex procedures. Moreover, the development of smart biosurgical implants that can communicate with healthcare providers and provide real-time feedback is further enhancing the capabilities of these products, leading to improved patient outcomes and driving market growth.

Rising Demand for Minimally Invasive Surgical Procedures

The growing preference for minimally invasive surgical (MIS) techniques is a key driver for the Biosurgery market. MIS procedures, which often involve smaller incisions and reduced tissue disruption, are associated with faster recovery times, lower complication rates, and improved cosmetic results for patients. Biosurgical products, such as hemostats, sealants, and soft-tissue repair materials, play a crucial role in enabling these minimally invasive approaches by providing effective bleeding control, tissue adhesion, and wound healing support. As healthcare providers and patients continue to embrace the benefits of MIS, the demand for innovative biosurgical solutions that can facilitate these procedures is expected to rise significantly.

Expanding Applications of Biosurgical Products

The Biosurgery market is witnessing an expansion of applications beyond traditional surgical specialties, opening up new growth opportunities. Advances in regenerative medicine and tissue engineering are leading to the development of novel biosurgical products that can be used in a wider range of medical interventions, including wound care, orthopedics, and even dental procedures. For instance, the use of collagen-based biomaterials in wound dressings is gaining traction, as these products can enhance the body's natural healing processes and improve patient outcomes. Similarly, the application of biosurgical adhesives and sealants in dental procedures, such as tooth extraction and periodontal surgery, is gaining momentum, further diversifying the market's reach and potential for growth.

Market Opportunities:

Expanding into Emerging Markets

The Biosurgery market presents significant growth opportunities in emerging economies, such as Asia Pacific and Latin America. These regions are experiencing rapid economic development, improving healthcare infrastructure, and increasing awareness about advanced surgical technologies. As the middle-class population expands and healthcare spending increases in these markets, the demand for high-quality biosurgical products is expected to rise. Companies can capitalize on this opportunity by adapting their product portfolios to address the unique needs and preferences of these emerging markets, while also investing in local manufacturing and distribution capabilities to ensure better accessibility and affordability of their solutions.

Advancements in Regenerative Medicine

The field of regenerative medicine is making significant strides, and its integration with the Biosurgery market presents immense growth potential. Innovative therapies that utilize stem cells, tissue engineering, and biomaterial scaffolds are being developed to facilitate the regeneration of damaged or diseased tissues, reducing the need for invasive surgical interventions. As these regenerative medicine techniques continue to evolve and demonstrate clinical success, the demand for associated biosurgical products, such as cell-based therapies and bioengineered tissue grafts, is expected to surge. Companies that can effectively harness the synergies between Biosurgery and regenerative medicine are well-positioned to capture a larger share of this rapidly growing market.

Addressing Unmet Needs in Cost-Effective Biosurgical Solutions

While the Biosurgery market has seen significant advancements in clinical outcomes, there is still an unmet need for more cost-effective and accessible biosurgical products, particularly in developing regions. Companies that can engineer innovative biosurgical solutions that deliver comparable or superior performance at a lower cost than existing options will have a competitive edge in the market. This may involve leveraging technological advancements, optimizing manufacturing processes, or exploring alternative biological materials that are more readily available and affordable. By addressing this unmet need, companies can expand the reach of biosurgical technologies and improve the overall accessibility of advanced surgical care.

Expanding into Adjacent Healthcare Segments

The Biosurgery market can explore opportunities for growth by expanding into adjacent healthcare segments, such as wound care, sports medicine, and dental procedures. As the applications of biosurgical products continue to diversify, companies can leverage their expertise and technology platforms to develop tailored solutions for these related medical fields. For instance, the use of collagen-based biomaterials in advanced wound dressings or the application of bioactive sealants in dental surgeries present promising avenues for market expansion. By identifying and capitalizing on these adjacent opportunities, companies can diversify their product portfolios, enhance their market presence, and drive overall growth in the Biosurgery industry.

Market Trends:

Shift Towards Minimally Invasive Surgical Techniques

The Biosurgery market is closely aligned with the growing trend towards minimally invasive surgical (MIS) procedures. MIS techniques, which involve smaller incisions and reduced tissue disruption, have gained significant traction in recent years due to their associated benefits, such as faster recovery times, lower complication rates, and improved cosmetic outcomes for patients. Biosurgical products, including hemostats, sealants, and soft-tissue repair materials, play a crucial role in enabling these MIS approaches by providing effective bleeding control, tissue adhesion, and wound healing support. As healthcare providers continue to adopt and refine MIS techniques, the demand for innovative biosurgical solutions that can facilitate these procedures is expected to rise, driving market growth.

Integration of Advanced Technologies

The Biosurgery market is witnessing the increasing integration of emerging technologies, such as artificial intelligence (AI) and machine learning (ML), to enhance the capabilities of biosurgical products. These advanced technologies are being incorporated into various aspects of the market, from surgical planning and decision-making to real-time monitoring and feedback during procedures. For example, the use of AI-powered imaging analysis can assist surgeons in precisely identifying target tissues and guiding the placement of biosurgical materials during complex interventions. Furthermore, the development of smart biosurgical implants that can communicate with healthcare providers and provide real-time data is transforming the way these products are used, leading to improved patient outcomes and driving market growth.

Emphasis on Regenerative Medicine and Tissue Engineering

The Biosurgery market is closely linked to the advancements in regenerative medicine and tissue engineering. These fields are rapidly evolving, with the development of innovative therapies that utilize stem cells, bioengineered tissue grafts, and biomaterial scaffolds to facilitate the regeneration of damaged or diseased tissues. As these regenerative medicine techniques continue to demonstrate clinical success, the demand for associated biosurgical products, such as cell-based therapies and bioengineered tissue grafts, is expected to increase. Companies that can effectively integrate regenerative medicine principles into their Biosurgery product portfolios will be well-positioned to capture a larger share of this rapidly growing market.

Focus on Cost-Effective and Accessible Biosurgical Solutions

While the Biosurgery market has seen significant advancements in clinical outcomes, there is an increasing focus on developing more cost-effective and accessible biosurgical products, particularly in developing regions. Healthcare providers and patients are seeking solutions that can deliver comparable or superior performance at a lower cost than existing options. This trend is driving companies to explore innovative approaches, such as leveraging technological advancements, optimizing manufacturing processes, or utilizing alternative biological materials that are more readily available and affordable. By addressing this need for cost-effective biosurgical solutions, companies can expand the reach of these advanced surgical technologies and improve the overall accessibility of high-quality healthcare.

Market Restraints:

High Cost of Biosurgical Products

One of the significant restraints in the Biosurgery market is the high cost of these specialized products. Biosurgical materials, such as hemostats, sealants, and soft-tissue repair solutions, often come with a premium price tag due to the complex manufacturing processes and the use of advanced biological components. This high cost can limit the accessibility and adoption of these products, particularly in resource-constrained healthcare systems and developing regions. The limited reimbursement coverage for certain biosurgical procedures further exacerbates this challenge, making it difficult for healthcare providers and patients to afford these innovative solutions. To overcome this restraint, companies must focus on developing more cost-effective biosurgical products without compromising their clinical efficacy.

Stringent Regulatory Approval Process

The Biosurgery market is subject to a rigorous regulatory approval process, which can be a significant restraint for companies looking to bring new products to market. Biosurgical products, being a combination of biological materials and medical devices, often require extensive clinical trials, safety evaluations, and regulatory reviews before they can be approved for commercial use. This lengthy and complex approval process can delay the introduction of innovative solutions, slow down market adoption, and create barriers for smaller companies or new entrants. Additionally, the regulatory landscape can vary across different regions, further complicating the development and commercialization efforts for Biosurgery market players.

Concerns about the Availability and Reliability of Biological Materials

The Biosurgery market relies heavily on the availability and reliability of biological materials, such as tissues, cells, and biomolecules, which are used to manufacture these specialized products. Ensuring a consistent and high-quality supply of these biological components can be a significant challenge, as factors like donor availability, processing methods, and storage conditions can impact their quality and performance. Additionally, concerns about the potential for disease transmission or immune rejection associated with the use of biological materials can create hesitation among healthcare providers and patients, hindering the broader adoption of Biosurgery solutions. Addressing these concerns through rigorous quality control measures, innovative preservation techniques, and enhanced traceability of biological materials is crucial for the continued growth of the Biosurgery market.

Recent Developments:

Development

Company Name

In January 2023, Baxter International Inc. received FDA approval for its Preveleak Surgical Sealant, a novel hemostat and sealant for use in cardiovascular surgical procedures. This product launch strengthens Baxter's position in the Biosurgery market.

Baxter International Inc.

In September 2022, Medtronic plc acquired Intersect ENT, a company focused on developing drug-eluting implants for patients with chronic rhinosinusitis. This acquisition expands Medtronic's portfolio of innovative biosurgical products.

Medtronic plc, Intersect ENT

In June 2021, Johnson & Johnson's Ethicon subsidiary launched the VISTASEAL Fibrin Sealant, a novel surgical sealant designed to control bleeding during surgical procedures. This product launch enhances Johnson & Johnson's presence in the Biosurgery market.

Ethicon (a subsidiary of Johnson & Johnson)

In February 2021, Integra LifeSciences Holdings Corporation acquired ACell, Inc., a regenerative medicine company focused on wound care and surgical soft tissue repair products. This acquisition strengthens Integra's position in the Biosurgery market.

Integra LifeSciences Holdings Corporation, ACell, Inc.

In July 2020, Stryker Corporation acquired Wright Medical Group N.V., a global medical device company focused on extremities and biologics. This acquisition expands Stryker's portfolio of innovative biosurgical products for orthopedic applications.

Stryker Corporation, Wright Medical Group N.V.

Market Regional Insights:

The Biosurgery Market is a global industry, with significant contributions from various regions. North America is expected to be the largest market for Biosurgery, accounting for over 40.2% of the market share in 2024. The growth of the Biosurgery market in North America is attributed to the high prevalence of chronic diseases, the presence of leading medical device companies, and the rapid adoption of advanced surgical technologies.

The European market is expected to be the second-largest for Biosurgery, accounting for over 28.7% of the market share in 2024. The growth of the European Biosurgery market is driven by the increasing demand for minimally invasive surgical procedures, the rising geriatric population, and the strong R&D capabilities of the region's medical device manufacturers.

The Asia Pacific market is expected to be the fastest-growing region for Biosurgery, with a CAGR of over 22.5% during the forecast period. The growth of the Biosurgery market in Asia Pacific is attributed to the increasing prevalence of chronic diseases, the expansion of healthcare infrastructure, and the growing awareness about the benefits of advanced surgical technologies in emerging economies, such as China and India.

The Latin American and Middle East & Africa regions are also expected to contribute to the overall growth of the Biosurgery market, although their market shares are relatively smaller compared to North America, Europe, and Asia Pacific. The growth in these regions is driven by the increasing focus on improving healthcare outcomes and the rising investments in medical technology.

Market Segmentation:

  • By Product Type
    • Hemostats
    • Sealants
    • Adhesives
    • Soft-Tissue Repair
    • Bone Graft Substitutes
    • Wound Care
    • Others (Tissue Engineering Products, Biomaterials)
  • By End-User
    • Hospitals
    • Ambulatory Surgical Centers
    • Specialty Clinics
    • Academic and Research Institutes
    • Others (Home Healthcare, Long-Term Care Facilities)
  • By Application
    • Cardiovascular Surgery
    • Orthopedic Surgery
    • Neurological Surgery
    • General Surgery
    • Wound Care
    • Others (Urological Surgery, Ophthalmology, Dental)
  • By Material
    • Collagen-based
    • Protein-based
    • Polysaccharide-based
    • Synthetic-based
    • Others (Ceramic-based, Polymer-based)
  • By Technology
    • Tissue Engineering
    • Regenerative Medicine
    • Biomaterials
    • Biological Adhesives
    • Biological Sealants
    • Others (Biological Hemostats, Biological Wound Care)
  • By Region
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East, and Africa

Market Segment Analysis:

One of the key segments in the Biosurgery Market is the Hemostats segment. Hemostats play a crucial role in controlling bleeding during surgical procedures, making them a critical component of the Biosurgery market. This segment is expected to witness significant growth, particularly in North America and Europe, due to the increasing prevalence of chronic diseases and the rising demand for advanced surgical solutions.

The Hemostats segment is projected to grow at a CAGR of 7.2% from 2023 to 2030, reaching a market size of US$ 5,924 million by 2030. This growth can be attributed to the continuous advancements in hemostat technology, the increasing adoption of minimally invasive surgical procedures, and the rising awareness about the benefits of effective bleeding control during operations.

Another key segment in the Biosurgery Market is the Soft-Tissue Repair category. This segment is expected to be the second-largest in terms of market size, accounting for approximately 18.5% of the overall Biosurgery market by 2024. The growth of the Soft-Tissue Repair segment is driven by the increasing demand for innovative solutions in areas such as wound healing, tendon and ligament repair, and surgical mesh applications.

The Soft-Tissue Repair segment is projected to grow at a CAGR of 6.8% from 2023 to 2030, reaching a market size of US$ 3,218 million by 2030. This growth is supported by the advancements in regenerative medicine and tissue engineering, which have led to the development of novel soft-tissue repair products that can enhance patient outcomes and reduce the risk of complications.

Top companies in the Biosurgery Market:

  • Baxter International Inc.
  • Johnson & Johnson
  • Medtronic plc
  • Becton, Dickinson and Company
  • Integra LifeSciences Holdings Corporation
  • Anika Therapeutics, Inc.
  • Wright Medical Group N.V.
  • Stryker Corporation
  • Sanofi S.A.
  • Pfizer Inc.
  • Ethicon, Inc. (a subsidiary of Johnson & Johnson)
  • Arthrex, Inc.
  • Smith & Nephew plc
  • Tissuegene, Inc.
  • Solvay S.A.
  • Coloplast A/S
  • Zimmer Biomet Holdings, Inc.
  • Olympus Corporation
  • Macopharma
  • Grifols, S.A.

Frequently Asked Questions

The current market size of the Biosurgery industry is US$ 11,542 million in 2023.

Key factors driving the growth of the Biosurgery market include the increasing prevalence of chronic diseases, the growing geriatric population, advancements in medical technology, the rising demand for minimally invasive surgical procedures, and the integration of AI and ML in biosurgical products.

The key factors hampering the growth of the Biosurgery Market include the high cost of biosurgical products, the stringent regulatory approval process, limited reimbursement coverage for some biosurgical procedures, and concerns about the availability and reliability of biological materials.

The leading component segment in the Biosurgery Market is the Hemostats segment, which plays a crucial role in controlling bleeding during surgical procedures.

The major players operating in the Biosurgery Market include Baxter International Inc., Johnson & Johnson, Medtronic plc, Becton, Dickinson and Company, Integra LifeSciences Holdings Corporation, and Anika Therapeutics, Inc., among others.

The Biosurgery Market is expected to grow at a CAGR of 6.1% from 2024 to 2031, with a projected market size of US$ 18,535.5 million by 2031.

The key drivers of the Biosurgery Market include the increasing prevalence of chronic diseases, the growing geriatric population, advancements in medical technology, the rising demand for minimally invasive surgical procedures, and the integration of AI and ML in biosurgical products.