Press release
Biosurgery Market: Opportunities and Challenges
The global biosurgery market expected to reach USD 20.12 billion by 2027 from an estimated USD 11.36 billion in 2018, at a CAGR of 6.6% during the forecast period.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=166922302
How will the untapped emerging markets create opportunities for players in the biosurgery market?
The penetration of biosurgery products is very low in the Asia Pacific, Latin America, and the Middle East & Africa. In the coming years, countries such as China, India, and Brazil are expected to offer significant growth opportunities for players operating in the biosurgery market. This is because the markets in these countries are characterized by a large patient base for target indications (such as cardiovascular, orthopedic, general/abdominal, and gynecological disorders), rising health awareness, growing healthcare expenditure, rising medical tourism, and rapidly developing healthcare infrastructure.
Government agencies in several Asia Pacific countries are undertaking initiatives to support their respective healthcare systems. For instance, the government of China implemented its USD 124 billion (CNY 850 billion) healthcare reform plan in April 2009, which aimed at providing affordable healthcare to its entire population by 2020. This reform involves the upgrading of laws related to healthcare investments, pharmaceuticals, and the medical device industry. Such developments have further opened up the Chinese market for players operating in the global healthcare market. As a result, a number of players are focusing on expanding their presence in China to tap the available growth opportunities.
Request Research Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=166922302
Will stringent regulatory frameworks create challenges for market growth?
The development of new biosurgery products requires significant investments, and new products generally take more than 7–8 years to gain marketing approval. In the US, the FDA has made it mandatory for biosurgery product manufacturers to obtain Premarket Approval (PMA) for their products before they are introduced in the market. For this, the product has to demonstrate proper clinical trial data, which has to be submitted along with the application for PMA.
The cost and time required for a product to enter the clinical trial step and then clear clinical trials are very high, with minimum chances of the product gaining approval. Also, the possibility of obtaining clinically significant data showing clinical trial clearance has been low for biosurgery products such as adhesion barriers, semi-synthetic sealants, and hemostatic agents. Hence, despite huge investments in R&D, the risk of failure is very high in the case of biosurgery products. This is a major factor limiting the development of novel biosurgery products in the market.
Read More in Detailed: https://www.marketsandmarkets.com/Market-Reports/biosurgery-market-166922302.html
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: sales@marketsandmarkets.com
About MarketsandMarkets™:
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=166922302
How will the untapped emerging markets create opportunities for players in the biosurgery market?
The penetration of biosurgery products is very low in the Asia Pacific, Latin America, and the Middle East & Africa. In the coming years, countries such as China, India, and Brazil are expected to offer significant growth opportunities for players operating in the biosurgery market. This is because the markets in these countries are characterized by a large patient base for target indications (such as cardiovascular, orthopedic, general/abdominal, and gynecological disorders), rising health awareness, growing healthcare expenditure, rising medical tourism, and rapidly developing healthcare infrastructure.
Government agencies in several Asia Pacific countries are undertaking initiatives to support their respective healthcare systems. For instance, the government of China implemented its USD 124 billion (CNY 850 billion) healthcare reform plan in April 2009, which aimed at providing affordable healthcare to its entire population by 2020. This reform involves the upgrading of laws related to healthcare investments, pharmaceuticals, and the medical device industry. Such developments have further opened up the Chinese market for players operating in the global healthcare market. As a result, a number of players are focusing on expanding their presence in China to tap the available growth opportunities.
Request Research Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=166922302
Will stringent regulatory frameworks create challenges for market growth?
The development of new biosurgery products requires significant investments, and new products generally take more than 7–8 years to gain marketing approval. In the US, the FDA has made it mandatory for biosurgery product manufacturers to obtain Premarket Approval (PMA) for their products before they are introduced in the market. For this, the product has to demonstrate proper clinical trial data, which has to be submitted along with the application for PMA.
The cost and time required for a product to enter the clinical trial step and then clear clinical trials are very high, with minimum chances of the product gaining approval. Also, the possibility of obtaining clinically significant data showing clinical trial clearance has been low for biosurgery products such as adhesion barriers, semi-synthetic sealants, and hemostatic agents. Hence, despite huge investments in R&D, the risk of failure is very high in the case of biosurgery products. This is a major factor limiting the development of novel biosurgery products in the market.
Read More in Detailed: https://www.marketsandmarkets.com/Market-Reports/biosurgery-market-166922302.html
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: sales@marketsandmarkets.com
About MarketsandMarkets™:
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
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