Orthobiology Market:- Overview
"The Orthobiology Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."
Orthobiologics are substances used by orthopaedic surgeon to heal injuries such as cartilages, bones, muscles, tendons, ligaments, and nerves. These products are made from substances that are naturally found in body, substances such as platelet rich plasma, stem cells, extra cellular membrane. When used in higher concentration may help speed up healing process.
Increasing incidence of accidents among general population is a key factor driving growth of the global orthobiology market. In addition, increase in injuries such as shoulder dislocation, acl tear, distal radius fracture among sport people, rising demand for minimal invasive surgeries among elderly people for meniscus tear, and minimizing degenerative diseases are other factor expected to fuel growth of the global orthobiology market.
However, high cost of treatment is a key factor restraining growth of the global orthobiology market. Additionally, stringent government regulation for product approval is other major factor expected to hamper growth of the global orthobiology market over the forecast period.
Increasing R&D activities and innovation in cost effective orthobiology products is expected to present new opportunities for major market players in the global orthobiology market.
North America market is a dominant player in the global orthobiology market and accounts for largest market share in terms of revenue as compared to that of markets in other regions. This is attributed to well-developed healthcare industry, presence of leading orthobiological manufacturers, and rise in number of injuries related to ankles, knees, etc.
Europe accounts for the second largest revenue share contribution to the global orthobiology market followed by markets in Asia Pacific, Latin America, and Middle East & Africa respectively. The market in Asia Pacific is projected to have the fastest growth in terms of revenue, owing to increase in number of accidents and growing preferences of minimal invasive surgeries related to spine, shoulder, hip, etc., and rise in government initiatives for the improvement of orthopedic surgeries in healthcare sector in the region.
Global Orthobiology Market Segmentation:
Global Orthobiology Market Segmentation by Product:
- Bone Allograft
- Stem Cell Therapy
- Bone Graft Substitutes
- Bone Growth Factors & Spinal Stimulation
Global Orthobiology Market Segmentation by End-user:
- Orthopedic Clinics
- Other End Users
Global Orthobiology Market Segmentation, by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Allograft Tissue Systems, Inc
- Baxter International Inc.
- Berkeley Advanced Biomaterials, Inc.
- Bone Biologics Corporation
- Bone Solutions, Inc.
- Medtronic, Inc.
- Osiris Therapeutics, Inc.
- Smith & Nephew plc
- Stryker Corporation
- Kinetic Concepts, Inc.
- Pioneer Surgical Technology, Inc.
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