Orthobiologics Market Size, Trends, Key Players and Forecast Report 2024

Biotechnology
Orthobiologics Market Size, Share,
Growth Drivers and Forecast Report 2024
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The global orthobiologics market size is driven by increasing sports injuries
and road accidents, increased obesity rate, growing awareness among
people, and surging aging population. Moreover, the opportunities witnessed
in the global market include development in implant technologies and
shifting demand from mechanical to biological solutions. The global market
has been classified in terms of product, application, end-user and geography.
Based on product, the global market is segmented into bone morphogenetic
proteins, demineralized bone matrix, synthetic bone substitute, allograft,
viscosupplementation, machined bones, and stem cell therapy. Based on end
user, the global market is segmented into orthopedic clinics, hospitals, and
others.
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The global orthobiologics market is witnessing surge, due to demand for
novel products, increasing burden of chronic arthritis. Also, the growing
requirement of minimally invasive procedures has led to increased demand
for orthobiologic products. However, the strict regulatory approval
procedure for orthobiologic products, high cost of procedures, and scarcity of
reliable clinical trial data is expected to restrain the growth of the global
market during the forecast period.
Orthobiologics are substances used by orthopedic surgeons for facilitating
quick healing of injuries of broken bones and injured muscles, ligaments, and
tendons. These products are usually made from substances found naturally in
the human body. The reasons for the increasing popularity of these products
include faster healing and recovery, and less need for frequent hospital visits.
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The geographical segmentation of the global orthobiologics market includes
North America, Europe, Asia-Pacific and Rest of the World (RoW). North
America and Europe accounted for major share in the global market, since
the regions have the highest aging population, due to increase in life
expectancy and prevalence of geriatric-based diseases, such as diabetes,
arthritis, and obesity. The Asia-Pacific market is expected to witness surge,
due to the enormous untapped patient population, increasing medical
tourism, and economical treatment cost. The developing nations, such as
India and China, in the Asia-Pacific market are expected to witness significant
growth.
The major companies operating in the global orthobiologics market include
Exactech Inc., Medtronic plc., Stryker Corporation, Synthes Inc., Smith &
Nephew Plc, Zimmer Biomet, DePuy Synthes Inc (Johnson & Johnson), Tornier
Inc., and others.
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Global Orthobiologics Market Segmentation
By Product
Bone Morphogenetic Proteins
Demineralized Bone Matrix
Synthetic Bone Substitute
Allograft,
Viscosupplementation,
Machined Bones
Stem Cell Therapy
By Application
Reconstructive Surgery
Spinal Fusion
Trauma
By End User
Orthopedic Clinics
Hospitals
Others
By Geography
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North America
Europe
Asia
Rest of the World (RoW)
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