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(MoneyNewsWire.Net, September 14, 2017 ) The Latin America Bio Surgery Market was worth USD 2.37 billion in 2016 and estimated to be growing at a CAGR of 9.74%, to reach USD 3.77 billion by 2021. Bio surgery aid in the post-surgical care of patients or in the field of orthopaedics and in the process of hard tissue regeneration in ortho-biologics as well. Most bio surgery product work on the principle of facilitating homeostasis and tissue healing in surgery.
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Various synthetic and biologic products like anti-adhesive agents, homeostatic agents, surgical sealing agents & bone graft substitutes are used in the recovery of patients during and after complex and expensive surgical procedures. They work on the principle of accelerating the process of healing or provide faster wound sealing reducing blood loss during surgeries.
The major driver of the Latin America Bio Surgery market is the increasing clearance of bio surgery products by regulatory authorities. This along with factors such as rising number of surgeries, increasing geriatric populations, lifestyle changes and rising need for effective blood loss management bolster the market growth in the region. However, there is little-to-no reimbursements for bio surgery products and the costs associated with it are generally too high to be utilized by the common public. This along with the rising costs of surgical procedures in general act as restraints for the market.
The Latin 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, and Urological and Thoracic surgeries. Based on geography, the Latin America market is divided into Argentina, Brazil and Mexico. The Latin American region is one that offers immense scope for development in the forecast years as is evident from the high growth rate of the region. Inspite of having only a minor market share, the CAGR of the region is the second highest globally only behind Asia-Pacific. This market is one that shows promise in the coming years.
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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.
Market Segmentation
1) Type
Introduction
Sealants
Natural
Synthetic and Semi-Synthetic
Haemostatic Agents
Adhesion Barriers
Synthetic
Natural
Soft Tissue Attachments
Synthetic Meshes
Biological Meshes
Bone Graft Substitutes
Bone Allografts
Demineralized Bone Matrix
Bone Morphogenetic Proteins
Synthetic Bone Grafts
Staple Line Reinforcement Agents
Y-o-Y Growth Analysis, By Type
Market Attractiveness Analysis, By Type
Market Share Analysis, By Type
2) Application
Introduction
Orthopaedic
General
Neurological
Cardiovascular
Reconstructive
Gynaecological
Urological
Thoracic
Y-o-Y Growth Analysis, By Application
Market Attractiveness Analysis, By Application
Market Share Analysis, By Application
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Reasons to buy Latin America Bio Surgery Market Research Report:
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 Porters 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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