As per the latest report by IMARC Group, titled “Orthobiologics Market Size: Global Industry Trends, Share, Growth, Opportunity and Forecast 2022-2027”, The global orthobiologics market size reached US$ 5.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 7.3 Billion by 2027, exhibiting a growth rate (CAGR) of 5.27% during 2022-2027.
Orthobiologics are prescription drugs made by living organisms to heal orthopedic tissues. Some of the common ortho-biologics 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 to accelerate the healing of bones, joints, muscles, or tendons. Nowadays, platelet-rich plasma (PRP) is a rapidly gaining traction in the field of regenerative medicine, showing excellent potential in triggering or expediting the healing process in bones, muscles and ligaments.
Request a Free Sample Report: https://www.imarcgroup.com/orthobiologics-market/requestsample
Global Orthobiologics Market Trends:
The market is primarily driven by the increasing prevalence of osteoarthritis(OA), especially among the geriatric population. Older adults are also highly susceptible to spinal and other orthopedic disorders, resulting in the need for an increased number of orthopedic procedures. Besides this, the rising awareness among physicians and patients about the benefits of orthobiologic 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 the advent of next-generation biologics technology, are also contributing to the market growth.
The report has segmented the market into the following categories:
Breakup by Product:
- Demineralized Bone Matrix
- Bone Morphogenetic Protein
- Viscosupplementation Products
- Synthetic Bone Substitutes
Breakup by Type:
- Wrist and Shoulder
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: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
- 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
Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=4332&flag=C
Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Follow us on Twitter: @imarcglobal