Orthobiologics Market Analysis & Future Growth Prospects to 2022 | Key Segments, Benefits
Orthobiologics Market Overview:
Between 2017 and 2022, the Orthobiologics Market is estimated to increase at a CAGR of 5.4 percent. The orthobiologics market is being driven by factors such as the rising burden of orthopaedic injuries, the rising incidence of sports injuries and road accidents, the rising incidence of spinal fusion surgeries, risk factors associated with the ageing population, obesity rate, and high incidence of musculoskeletal disorders, and the growing patient preference for minimally invasive procedures.
Product launches, strategic acquisitions, agreements, contracts, partnerships, collaborations, and market expansions are among the growth strategies used by market players to strengthen their product portfolios and maintain a competitive position in the orthobiologics market, according to an analysis of market developments between 2014 and 2017. Product showcases, product launches, collaborations, and agreements were the most often used growth tactics among these company strategies.
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Orthobiologics Market Stakeholders
Orthobiologics Product Manufacturing Companies
Product Suppliers, Distributors, and Channel Partners
Hospitals and Ambulatory Care Centers
Orthopedic and Dental Clinics
Research Laboratories and CROs
Research and Academic Institutes
National and International Regulatory Authorities
Government and Non-government Organizations
Market Research Firms
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Market Segmentation:
Based on product, the viscosupplementation products segment is estimated account for the largest segment of the Orthobiologics Market in 2017
On the basis of product, the orthobiologics market is segmented into allografts, synthetic orthobiologics, plasma-rich protein (PRP), bone marrow aspirate concentrate (BMAC), demineralized bone matrices (DBM), bone morphogenic protein (BMP), and viscosupplementation products. The viscosupplementation products segment is expected to account for largest share of the orthobiologics market in 2017. The large share of this segment can be attributed to the increasing incidence of osteoarthritis of the knee and hip joints among the baby boomer population and lower cost of viscosupplementations.
Based on application, the osteoarthritis and degenerative arthritis segment expected to account for the largest share of the Orthobiologics market in 2017
Based on application, the orthobiologics market is segmented into fracture recovery, osteoarthritis & degenerative arthritis, spinal fusion, soft tissue injuries, and maxillofacial & dental applications. The osteoarthritis and degenerative arthritis segment is estimated to command the largest share of the global orthobiologics market in 2017. The large share of this segment is mainly due to factors such as the significant rise in target patient population across major markets, rising public awareness related to clinical side effects associated with oral medications for pain management, clinical advancements in OA management methodologies, robust healthcare infrastructure & facilities for specific joint replacement surgeries across major markets, and growing clinical evidence validating the efficacy of biologics in OA treatment.
Key Players:
The major players in the Orthobiologics Market are DePuy Synthes, Medtronic, Stryker, Zimmer Biomet, Harvest Technologies, Globus Medical, Orthofix International, RTI Surgical, K2M Group, Kuros Biosciences, Bioventus, NuVasive, SeaSpine, Arthrex, and Xtant Medical.
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