PUNE, India, October 23, 2017 /PRNewswire/ --
The global orthobiologics market is projected to reach $6.06 billion by 2022 from $4.66 billion in 2017 at a CAGR of 5.4% driven by rising burden of orthopedic injuries; increasing incidence of sports injuries and road accidents; increasing incidence of spinal fusion surgeries; risk factors associated with increasing aging population, obesity rate, & high incidence of musculoskeletal disorders; and growing patient preference for minimally invasive procedures according to ReportsnReports.com.
Browse 60 Market Data Tables and 38 Figures spread through 159 Pages and in-depth TOC on "Orthobiologics Market by Product (Viscosupplementation, Synthetic Orthobiologics, DBM, BMP, PRP, BMAC, Allograft), Application (Fracture Recovery, Osteoarthritis, Spinal Fusion, Soft Tissue), End User (Hospitals, ASCs, Academia) - Global Forecast to 2022" http://www.reportsnreports.com/reports/1198782-orthobiologics-market-by-product-viscosupplementation-synthetic-orthobiologics-dbm-bmp-prp-bmac-allograft-application-fracture-recovery-osteoarthritis-spinal-fusion-soft-tissue-end-user-hospitals-as-st-to-2022.html
Asia Pacific is expected to register the highest growth rate in the orthobiologics market. Geographically, the orthobiologics market is segmented into North America, Europe, Asia Pacific, and RoW. The Asia Pacific market is expected to register the highest growth rate during the forecast period. The presence of a large geriatric and target patient population, high incidence of osteoarthritis and obesity, increasing government spending on healthcare, and improving healthcare infrastructure are some of the major factors driving the growth of the Asia Pacific orthobiologics market.
Based on applications, the orthobiologics market has been categorized into the following segments: fracture recovery, osteoarthritis & degenerative arthritis, spinal fusion, soft-tissue injuries, and maxillofacial & dental applications. Amongst these, the spinal fusion segment is expected to grow at highest CAGR during the forecast period owing to factors such as the rising number of spinal fusion procedures, increasing adoption of allografts & BMAC as part of adjuvant therapy during spinal fusion procedures, & extensive use of stem cells for bone regeneration and bone grafting procedures.
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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.
The PRP market is expected to grow at the highest CAGR during the forecast period. The advantages of PRP (such as reduced hospital stay) over other products used in bone stimulation are expected to drive the growth of this market. Additionally, the increasing use of PRP in sports injuries and the growing number of clinical trials to expand the application areas of PRP are expected to support the growth of this market during the forecast period.
On the basis of end user, the orthobiologics market is segmented into hospitals, orthopedic clinics, and ambulatory care centers; research & academic institutes; and dental clinics and facilities. The hospitals, orthopedic clinics, and ambulatory care centers segment is expected to grow at the highest rate during the forecast period. This can be attributed to the growing geriatric population (coupled with the increasing number of spinal fusion surgeries performed); road accident injuries and bone fractures; growing prevalence of spinal disorders; and growing awareness of products.
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Breakdown of supply-side primary interviews:
- By Company Type: Tier 1 - 25%, Tier 2 - 30% and Tier 3 - 45%
- By Designation: C-level - 26%, Director level - 30%, Others - 44%
- By Region: North America - 34%, Europe - 26%, APAC - 23%, RoW - 17%
This report studies the orthobiologics market based on product, application, and enduser. The report also studies factors (such as drivers, restraints, opportunities, and challenges) affecting market growth. It analyzes opportunities and challenges in the market and provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micro markets with respect to their individual growth trends. The report forecasts the revenue of the market segments with respect to four main regions and respective countries.
Another research titled Orthopedic Braces and Supports Market Global Forecast to 2022 says, the global orthopedic braces and supports market is projected to reach $4.93 billion by 2022 from $3.76 billion in 2017, at a CAGR of 5.6%. The lower extremity braces and supports segment is expected to witness the highest growth during the forecast period. The soft & elastic braces and supports segment is estimated to have the largest share of the market in 2017. The ligament injury segment is poised to be the fastest growing during the forecast period. The orthopedic clinics segment is expected to have the largest share of the market in 2017. Asia Pacific is expected to register the highest growth rate during the forecast period. Companies such as DJO Finance LLC (US), Breg, Inc. (US), Ossur Hf (Iceland), DeRoyal Industries, Inc. (US), Bauerfeind AG (Germany), Otto Bock HealthCare (Germany), BSN Medical (Germany), medi GmbH & Co. KG (Germany), 3M Company (US), THUASNE Group (France) have been profiled in this 331 pages research report available at http://www.reportsnreports.com/reports/431611-orthopedic-braces-supports-market-by-product-knee-braces-foot-ankle-braces-spinal-orthoses-upper-extremity-braces-by-end-user-orthopedic-clinics-over-the-counter-hospitals-and-others-by-geography-global-forecast-to-2020.html
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