Orthobiologics Market Forecast, Growth Impact and Demand
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<strong>Orthobiologics</strong> <strong>Market</strong> <strong>Forecast</strong>, <strong>Growth</strong> <strong>Impact</strong> <strong>and</strong> Dem<strong>and</strong><br />
“Global <strong>Orthobiologics</strong> <strong>Market</strong> report includes in-depth analysis of industry<br />
by recent technologies, trends, opportunities, challenges, key players <strong>and</strong><br />
business strategies considering types, segment <strong>and</strong> future outlook.”<br />
The global <strong>Orthobiologics</strong> <strong>Market</strong> size was valued at USD 5.0 Billion in 2015 <strong>and</strong> is anticipated to reach USD 10.2<br />
billion by 2025, with a CAGR of 7.5%. <strong>Orthobiologics</strong> are elements which the orthopedic surgeons use to heal<br />
the wounds more quickly. They are utilized for the healing of injured muscles, ligaments, tendons, <strong>and</strong> broken<br />
bones. They are made up of substances found in the human body itself. These elements found popularity owing<br />
to factor such as faster healing, quick recovery, <strong>and</strong> a decrease in the number of hospital visits. The<br />
orthobiologics market provides a huge number of opportunities for growth to its shareholders. The global<br />
orthobiologics market is poised for growth owing to the increased levels of geriatric population, technological<br />
advancements, changing lifestyles <strong>and</strong> problems related to the musculoskeletal system.<br />
The increasing trends of musculoskeletal procedures are seen to be the biggest driver for the market.<br />
Establishing strategic partnerships for the purpose of marketing is also expected to boost the dem<strong>and</strong> for the<br />
global orthobiologics market. Several merchants are forming strategic partnerships to diversify their businesses,<br />
grow their overall market share <strong>and</strong> spread out their product offerings. These type of strategic alliances help<br />
the organizations to align their technologies with one another’s inventive medical device range. A growth in the<br />
global orthobiologics market is projected on account of the requirement for safer, more effective <strong>and</strong> modern<br />
orthopedic biologic treatment. The rise in the number of obesity <strong>and</strong> arthritis cases also fuels the dem<strong>and</strong> for<br />
orthobiologics treatment. The bone graft procedure accounted to be the largest segment in the global<br />
orthobiologics market. The shifting preference to biological implants from mechanical implants is accelerating<br />
the growth of this market.<br />
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Another important trend that is estimated to enhance the growth of the market over next eight years is the<br />
increase in funds to improve orthobiologics. Factors such as growing advances in technology, the prevalence<br />
of a huge number of chronic <strong>and</strong> unidentified diseases, initiatives by the government <strong>and</strong> rise in life<br />
expectation may favorably impact the market growth. Along with this, the rising incidences of injuries by<br />
sports & road accidents <strong>and</strong> growing awareness among athletes are also driving the dem<strong>and</strong> for the market.<br />
However, lack of clear reimbursement procedures <strong>and</strong> rigorous rules may create major hindrances for the<br />
orthobiologics dem<strong>and</strong> in the market. The improvements in developing alternatives for pharmaceuticals, for<br />
making medical treatments more preventive than curative along with the country’s policy for decreasing the<br />
deficit in the budget is expected to negatively impact the global orthobiologics market. Furthermore, high<br />
costs for the procedure, lack of reliable clinical trial data <strong>and</strong> strict regulations for the approval of<br />
orthobiologics products may pose challenges to the market growth over the forecast period.<br />
The global orthobiologics market has been segmented based on its applications <strong>and</strong> product types. On the<br />
basis of application, the market been classified into spinal surgery, joint replacement & reconstruction, <strong>and</strong><br />
trauma surgery. On the basis of product types, the market has been segmented into bone graft substitutes,<br />
bone growth stimulators, <strong>and</strong> viscosupplements. The bone graft substitutes have further been segmented into<br />
demoralized bone matrix (DBM), bone morph genic proteins (BMP), bone allografts, <strong>and</strong> bone autographs.<br />
Additionally, viscosupplements has also been further segmented into single injection viscosupplements, 3-<br />
injection viscosupplements, <strong>and</strong> 5-injection viscosupplements.<br />
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Over the past few years, the viscosupplements segments held the largest market share for orthobiologics on<br />
account of huge dem<strong>and</strong> for knee treatment procedures. It is a very effective pain killer. Viscosupplements are<br />
intra-articular injections made of hyaluronic acid which helps in the treatment of osteoarthritis.North America<br />
held the majority of the global orthobiologics market in the recent past. The high dem<strong>and</strong> in the market was<br />
sustained by increased prevalence of arthritis <strong>and</strong> obesity in the region, rising dem<strong>and</strong> for the treatment of<br />
various diseases such as osteoarthritis <strong>and</strong> spinal injuries.<br />
However, over the next eight years, Asia-Pacific is projected to witness the highest rate of growth for<br />
orthobiologics market. This growth will be majorly driven by the Indian <strong>and</strong> Chinese market on account of a<br />
huge number of untapped patient population, economical cost, <strong>and</strong> medical tourism.The major industry<br />
players operating in the global orthobiologics market include Stryker Corporation, Synthes, Inc., Biomet, Inc.,<br />
DJO Global, Zimmer Holding, Inc., Medtronic, Inc., <strong>and</strong> Smith & Nephew, Bacterin International, Inc.,<br />
DePuySynthes, Inc., Globus Medical, Inc., <strong>and</strong> Integra LifeSciences Corporation.
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