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Global Orthobiologics Market 2021 Share, Growth by Top Company, Region, Application, Driver, Trends & Forecast

Orthobiologics

Orthobiologics Market” report provides strategic supports mentioned by the business specialists with market sources, amount of manufacturing cost structure, raw materials, forecasts, turnover, manufacturing outlays, latest market trends, labor cost, demands and much more. Orthobiologics market report covers a comprehensive market structure through the globe with an in-depth study of major dynamics (Drivers, Challenges, Opportunities).  

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Key Market Trends:

Osteoarthritis and Degenerative Arthritis Segment, by Application, is Expected to Experience the Fastest Growth in the Market

Osteoarthritis (OA) is a weakening disease that affects 20% of the world’s population, according to the United Nations in 2017. Nearly 130 million are estimated to suffer from OA, out of which 40 million are estimated to be severely disabled by the disease. According to the Arthritis Foundation in 2017, an estimated 30.8 million adults are suffering from osteoarthritis. It is the most common cause of disability in adults.

Due to the increasing prevalence of OA, there is an urgent need for better understanding of the disease pathophysiology, improved early detection, strategies for disease prevention, and early management. Orthobiologics can be one such option for the treatment of OA. According to the American Academy of Orthopaedic Surgeons (AAOS), orthobiologics are biological substances found naturally in the body that help to heal injuries. These treatments include platelet-rich plasma (PRP), prolotherapy, ozone therapy, autologous conditioned serum (ACS), and many others. With the increasing prevalence of OA, as well as the development of innovative products, the market growth is expected to be augmented.

North America Dominates the Market and Expected to do Same in the Forecast Period

North America is expected to dominate the overall market throughout the forecast period. This is due to the increasing incidences of spinal disorders, rising geriatric and obese population, growing preference for minimally invasive procedures, and increasing physician and patient awareness about newly introduced treatment procedures and technologies. In the North American region, the holds the largest market share.

Market Overview:

  • The orthobiologics market was valued at USD 4,747.1 million in 2018 and is expected to reach USD 5,983.82 million by 2024, with an anticipated CAGR of 4.92% during the forecast period (2019-2024).
  • The major factors attributing to the growth of the orthobiologics market are increased incidences of sports injury, road accidents, and osteoarthritis, rising obese and geriatric population, and increasing adoption of minimally invasive surgeries. The global increase in the number of geriatrics and obese people is likely to lead to consequences, like greater incidences of osteoarthritis. Consequently, the geriatric population and population with obesity are at higher risk of musculoskeletal disorders. According to the United Nations report in 2017, there were an estimated 962 million people aged 60 or over in the world, comprising 13% of the global population. The population aged 60 or above is growing at a rate of about 3% per year. It was estimated that had the highest percentage of the population aged 60 or over in 2017. Thus, the rise in geriatric and obese population is acting as a major driver for the growth of orthobiologics market.

    Key Manufacturers Like 

  • Arthrex Inc.
  • Sanofi
  • DePuy Synthes (A Subsidiary of Johnson & Johnson)
  • Globus Medical Inc.
  • Terumo Corporation
  • Stryker Corporation
  • Zimmer Biomet
  • Medtronic PLC
  • NuVasive Inc.
  • Integra Lifesciences
  • Bone Support
  • Seaspine Holdings Corporation.

    Scope of the Report:

  • Orthobiologics are used by orthopedic surgeons to help injuries heal more quickly. They are used to quicken the healing of broken bones and injured muscles, tendons, and ligaments. These products are made from substances that are naturally found in our body.

    Orthobiologics market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Orthobiologics market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Orthobiologics market have also been involved in the study.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

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    Key Questions Answered in Market Report: –

    • What will the market growth rate, Overview and Analysis by Type of Orthobiologics market in 2023?
    • What are the key factors driving, Analysis by Applications and Countries Orthobiologics market?
    • What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Orthobiologics ?
    • Who are Opportunities, Risk and Driving Force of Orthobiologics market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
    • Who are the opportunities and threats faced by the vendors in Orthobiologics space? Business Overview by Type, Applications, Gross Margin and Market Share
    • What are the Orthobiologics market opportunities, market risk and market overview of the Market?

    Lastly, the Global Orthobiologics Market Research covers a complete market structure across the world with a comprehensive analysis of major key factors. This report provides planned orientations referred by the industry experts.

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    Study objectives of Orthobiologics Market Report:

    • To provide a detailed analysis of the market structure along with the Orthobiologics market forecast of various segments and sub-segments of the Orthobiologics market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Orthobiologics market trends that influence the global Orthobiologics market

    Detailed TOC of Orthobiologics Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Increasing Incidences of Sports Injuries and Road Accidents
    4.2.2 Increasing Incidence of Osteoarthritis
    4.2.3 Increasing Geriatric and Obese Population
    4.2.4 Increasing Patient Preference for Minimally Invasive Procedures
    4.3 Market Restraints
    4.3.1 High Costs Associated with Orthobiologic-based Treatments
    4.3.2 Preference for Alternative Treatment Options
    4.4 Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Products
    5.1.1 Viscosupplementation Products
    5.1.2 Demineralized Bone Matrices
    5.1.3 Synthetic Orthobiologics
    5.1.4 Bone Morphogenic Protein
    5.1.5 Allografts
    5.1.6 Plasma-rich Protein
    5.1.7 Bone Marrow Aspirate Concentrate
    5.2 By Application
    5.2.1 Osteoarthritis and Degenerative Arthritis
    5.2.2 Spinal Fusion
    5.2.3 Soft-tissue Injuries
    5.2.4 Fracture Recovery
    5.2.5 Maxillofacial and Dental Applications
    5.3 By End User
    5.3.1 Hospitals, Orthopedic Clinics, and Ambulatory Care Centers
    5.3.2 Research and Academic Institutes
    5.3.3 Dental Clinics and Facilities
    5.4 Geography
    5.4.1 North America
    5.4.1.1 US
    5.4.1.2 Canada
    5.4.1.3 Mexico
    5.4.2
    5.4.2.1 Germany
    5.4.2.2 UK
    5.4.2.3 France
    5.4.2.4 Italy
    5.4.2.5 Spain
    5.4.2.6 Rest of
    5.4.3 Asia-Pacific
    5.4.3.1 China
    5.4.3.2 Japan
    5.4.3.3 India
    5.4.3.4 Australia
    5.4.3.5 South Korea
    5.4.3.6 Rest of Asia-Pacific
    5.4.4 Middle East & Africa
    5.4.4.1 GCC
    5.4.4.2 South Africa
    5.4.4.3 Rest of Middle East & Africa
    5.4.5 South America
    5.4.5.1 Brazil
    5.4.5.2 Argentina
    5.4.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Arthrex Inc.
    6.1.2 Sanofi
    6.1.3 DePuy Synthes (A Subsidiary of Johnson & Johnson)
    6.1.4 Globus Medical Inc.
    6.1.5 Terumo Corporation
    6.1.6 Stryker Corporation
    6.1.7 Zimmer Biomet
    6.1.8 Medtronic PLC
    6.1.9 NuVasive Inc.
    6.1.10 Integra Lifesciences
    6.1.11 Bone Support
    6.1.12 Seaspine Holdings Corporation

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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