Strategic Technology Trends in the Orthobiologics Market

Orthobiologics Market is valued around USD 5.31 Billion in 2019 and expected to reach USD 9.27 Billion by 2030 with the CAGR of 5.2% over the forecast period.
Orthobiologics are the biological materials derived from the human body for treatment purpose. These materials enhance the healing process to ensure the faster recovery. In some cases, these substances are also saved for later use in the treatment. Orthobiologics are also knows as the regenerative cellular therapies as it helps in the wound healing, fractures, muscle healing, tendon & ligaments by restoring the normal functioning.
Global Orthobiologics Market report is segmented on the basis of product type, application, and end user and by regional. Based upon product type, the orthobiologics market is fragmented into viscosupplementation products, demineralized bone matrices, synthetic orthobiologics, bone morphogenic protein, allografts, plasma-rich protein, and bone marrow aspirate concentrate. Based on application, the market is fragmented into osteoarthritis and degenerative arthritis, spinal fusion, soft-tissue injuries, fracture recovery, maxillofacial and dental applications. On the basis of end user, the market is divided into Hospital, Ambulatory Surgical center, orthopedic clinics and others. The regional bifurcation of countries includes North America, Europe, Asia-Pacific, and RoW which are further segmented into major countries such as U.S., UK, France, and others.

The orthobiologics market is mainly driven by the constant growth in the prevalence of orthopedic disorders such as arthritis, joint replacement surgeries and others. In addition, there is a rapid growth in trauma cases and sports injuries which are further contributing the market growth. Moreover, improved public awareness about advanced treatment options as well as technological advancements is likely to fuel the market growth. However, high cost of the orthobiologics may restrict the market growth. Aggressive research & development activities with growing investments by major market players are expected to create opportunities in the market.

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The developed regions such as North America and Europe are expected to hold the major market share owing to the presence of well established healthcare facilities, technological advancement and high accessibility to the advanced treatment. Moreover, Asia Pacific is expected to dominate the orthobiologics market in terms of growth rate owing to the developing medical practices, healthcare facilities and high prevalence rate of orthopedic disorders. Moreover, surge in sports activities and road accidents are also expected to support the market growth.

The major market players profiled in the orthobiologics market includes Stryker, Zimmer Biomet, Sanofi, Medtronic, Seaspine Holdings Corporation, DePuy Synthes (Johnson & Johnson), MTF Biologics Inc., Exactech, Bioventus LLC, Arthrex, Globus Medical, Inc., RTI Surgical, Inc., Seikagaku Corporation, Alphatec Spine, Inc., and Integra LifeSciences.

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