Orthobiologics Market Size, Share, Development, Growth and Demand Forecast to 2023 by P&S Market Research

Orthobiologics Market Size, Share, Development, Growth and
Demand Forecast to 2023
Orthobiologics Market Size, Share, Development, Growth and
Demand Forecast to 2023
The global orthobiologics market 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
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 viscosupplementation segment accounted for the highest market share among
the various products in the global orthobiologics market. However, the patients and
medical practitioners are also developing an interest for the stem-cell-based
products and synthetic bone substitutes, thus leading to their increased popularity.
Both the stem cell therapy and synthetic bone substitute segments would witness
significant growth during the forecast period. Based on application, the global
market has been segmented into reconstructive surgery, spinal fusion, and
trauma. The reconstructive surgery segment would account for the highest growth
during the forecast period, due to increasing number of hip and knee replacement
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.
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Orthobiologics Market Size, Share, Development, Growth and
Demand Forecast to 2023
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
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Orthobiologics Market Size, Share, Development, Growth and
Demand Forecast to 2023
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