The global orthobiologics market size was USD 6.07 Billion in 2022 and is expected to register a revenue CAGR of 4.3% during the forecast period, according to latest analysis by Emergen Research. Increasing orthopedic procedures and surgeries, rising orthopedic and spinal diseases, and growing sports injuries and accidents are some of the major factors driving the market revenue growth. Furthermore, increasing adoption of minimally invasive surgeries and rising initiatives and investments by medical device companies are contributing to the market revenue growth.
The Orthobiologics Market is experiencing significant growth propelled by advancements in regenerative medicine, increasing prevalence of orthopedic conditions, and growing demand for minimally invasive treatment options. Orthobiologics refer to biological substances, such as growth factors, stem cells, and bone grafts, used to promote healing, regeneration, and repair of musculoskeletal tissues, including bones, cartilage, ligaments, and tendons.
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Drivers Propelling Market GrowthS
Several drivers are fueling the growth of the Orthobiologics Market. Firstly, the increasing prevalence of musculoskeletal disorders, such as osteoarthritis, osteoporosis, and sports injuries, is driving the demand for orthobiologic treatments. As the global population ages and lifestyles become more sedentary, the incidence of orthopedic conditions continues to rise, creating a growing patient pool seeking effective and long-lasting solutions. Additionally, advancements in biotechnology and tissue engineering have enabled the development of novel orthobiologic products with enhanced efficacy and safety profiles, further driving market growth.
Restraints Hindering Market Growth
Despite the promising growth prospects, the Orthobiologics Market faces certain restraints that may hinder its expansion. One of the primary challenges is the high cost associated with orthobiologic therapies, particularly for advanced products such as stem cell therapies and tissue-engineered grafts. The development and manufacturing processes for orthobiologics involve complex biotechnological techniques and regulatory requirements, contributing to the overall cost of these treatments.
Main players in the market include
Bone Biologics Corp., Medtronic, Arthrex, Inc, Orthofix US LLC., NuVasive, Inc., Zimmer Biomet., Wright Medical Group N.V., Smith+Nephew., Stryker, Sano orthopedics.
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Emergen Research has segmented the global orthobiologics market on the basis of product, application, end-use, and region:
· Product Outlook (Revenue, USD Billion; 2019-2032)
o Viscosupplementation
o Synthetic Bone grafts
1. Bioactive glass
2. BiPhasic
3. Hydroxyapatite
4. Others
o Bone Morphogenetic Protein (BMP)
o Allograft
o Xenografts
o Demineralized Bone Matrix (DBM)
· Application Outlook (Revenue, USD Billion; 2019-2032)
o Spinal Fusion
o Fracture recovery
o Reconstructive Surgery
o Osteoarthritis and degenerative arthritis
o Others
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Major Geographies Encompassed in the Report:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Objectives of the Global Orthobiologics Market Study:
An in-depth study of the evolving market sectors and the growth & penetration status of the global Orthobiologics Market
COVID-19 Impact Analysis to highlight the major opportunities and challenges
Strategic recommendations to help readers formulate lucrative business strategies
Identification of the emerging players and their tactical approaches to expand market presence
An extensive study of the product portfolios of the major market players and their regional presence
A closer look at the strategic initiatives undertaken by the leading companies across this industry, including mergers & acquisitions, collaborations, partnerships, and joint ventures
Global Orthobiologics Market Report - Table of Contents:
Chapter 1. Orthobiologics Market Definition and Scope
Chapter 2. Orthobiologics Market Executive Summary
Chapter 3. Orthobiologics Market Research Methodology
Chapter 4. Orthobiologics Market Market Dynamics
Chapter 5. Regional Analysis
Chapter 6. Product Segmentation
Chapter 7. Application Spectrum
Chapter 8. End-user Landscape
Chapter 9. Competitive Landscape
Chapter 10. Append
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About Emergen Research
Emergen Research is a Market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer Market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market
