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Global Orthobiologics Market Research Report 2022-2027:
According to the latest report by IMARC Group, titled "Orthobiologics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
," the global orthobiologics market size reached US$ 5.4 Billion in 2021.
Orthobiologics are prescription drugs made by living organisms to heal orthopedic tissues. Some of the common orthobiologics include bone marrow concentrate, platelet-rich plasma (PRP), birth tissues and certain fat grafts. These are autologous or allogeneic substances that are injected or placed surgically toacceleratethe healing of bones, joints, muscles, or tendons.Nowadays, plateletrich plasma (PRP) is a rapidly gaining tractionin the field of regenerative medicine, showing excellent potential in triggering or expediting the healing process in bones, muscles and ligaments.
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The market is primarily driven by the increasing prevalence of osteoarthritis(OA), especially among the geriatric population. Older adultsare also highly susceptible to spinal and other orthopedic disorders, resulting in the need foran increased number of orthopedic procedures. Besides this, the rising awareness among physicians and patients aboutthe benefits oforthobiologic therapies and newly introduced treatment procedures and technologies have encouraged them to opt for orthobiologics.
Moreover, extensive investments and collaborations by prominent medical device and biotechnology companies in the research and development (R&D) to produce advanced orthobiologics are providing a positive market outlook. Some of the other factors, including the growing preference for minimally invasive (MI) procedures, improving healthcare infrastructure and advent of next-generation biologics technology, are also contributing to the market growth.
Looking forward, the market is anticipated to grow at a CAGR of 5.27% during the forecast period (2022-2027).
View Report TOC, Figures and Tables: https://www.imarcgroup.com/orthobiologics-market
Key Market Segmentation
The research report includes the following segments:
Breakup by Product:
• Demineralized Bone Matrix
• Allograft
• Bone Morphogenetic Protein
• Viscosupplementation Products
• Synthetic Bone Substitutes
• Others
Breakup by Type:
• Knee
• Ankle
• Hip
• Wrist and Shoulder
• Spine
• Others
Breakup by Application:
• Osteoarthritis and Degenerative Arthritis
• Spinal Fusion
• Fracture Recovery
• Soft Tissue Injuries
• Maxillofacial and Dental Applications
Breakup by End User:
• Hospitals and Ambulatory Centers
• Research and Academic Institutes
• Dental Clinics and Facilities
• Orthopedic Clinics
Breakup by Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa
Competitive Landscape with Key Players:
• Arthrex Inc
• Globus Medical Inc
• Integra LifeSciences
• Johnson & Johnson
• Medline Industries Inc
• Medtronic plc
• NuVasive Inc
• Orthofix Medical Inc
• Smith & Nephew plc
• Stryker Corporation
• Terumo Corporation
• Wright Medical Group N.V
• Zimmer Biomet
1. How has the global orthobiologics market performed so far and how will it perform in the coming years?
2. What has been the impact of COVID-19 on the global orthobiologics market?
3. What are the key regional markets?
4. What is the breakup of the market based on the product?
5. What is the breakup of the market based on the type?
6. What is the breakup of the market based on the application?
7. What is the breakup of the market based on the end user?
8. What are the various stages in the value chain of the industry?
9. What are the key driving factors and challenges in the industry?
10. What is the structure of the global orthobiologics market and who are the key players?
11. What is the degree of competition in the industry?
Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/orthobiologics-market/toc
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