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Orthobiologics Market Segmentation along with Regional Outlook, Competitive Strategies, Factors Contributing to Growth and Forecast 2024

Orthobiologics Market is the process of conveying a good quality service to customers. focuses on identifying hidden needs or requirements of customers. Report defines the scope of the Orthobiologics market, identifying potential of the Orthobiologics markets and determining optimal pricing for the market, it encouraging potential customers to purchase, and finding the best distribution methods for delivering to customers.

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Market Overview:

  • The orthobiologics market was valued at USD 4,747.1 million in 2018 and is expected to reach USD 5,983.82 million by 2024, with an anticipated CAGR of 4.92% during the forecast period (2019-2024).
  • The major factors attributing to the growth of the orthobiologics market are increased incidences of sports injury, road accidents, and osteoarthritis, rising obese and geriatric population, and increasing adoption of minimally invasive surgeries. The global increase in the number of geriatrics and obese people is likely to lead to consequences, like greater incidences of osteoarthritis. Consequently, the geriatric population and population with obesity are at higher risk of musculoskeletal disorders. According to the United Nations report in 2017, there were an estimated 962 million people aged 60 or over in the world, comprising 13% of the global population. The population aged 60 or above is growing at a rate of about 3% per year. It was estimated that had the highest percentage of the population aged 60 or over in 2017. Thus, the rise in geriatric and obese population is acting as a major driver for the growth of orthobiologics market.

    Key Market Trends:

    Osteoarthritis and Degenerative Arthritis Segment, by Application, is Expected to Experience the Fastest Growth in the Market

    Osteoarthritis (OA) is a weakening disease that affects 20% of the world’s population, according to the United Nations in 2017. Nearly 130 million are estimated to suffer from OA, out of which 40 million are estimated to be severely disabled by the disease. According to the Arthritis Foundation in 2017, an estimated 30.8 million adults are suffering from osteoarthritis. It is the most common cause of disability in adults.

    Due to the increasing prevalence of OA, there is an urgent need for better understanding of the disease pathophysiology, improved early detection, strategies for disease prevention, and early management. Orthobiologics can be one such option for the treatment of OA. According to the American Academy of Orthopaedic Surgeons (AAOS), orthobiologics are biological substances found naturally in the body that help to heal injuries. These treatments include platelet-rich plasma (PRP), prolotherapy, ozone therapy, autologous conditioned serum (ACS), and many others. With the increasing prevalence of OA, as well as the development of innovative products, the market growth is expected to be augmented.

    North America Dominates the Market and Expected to do Same in the Forecast Period

    North America is expected to dominate the overall market throughout the forecast period. This is due to the increasing incidences of spinal disorders, rising geriatric and obese population, growing preference for minimally invasive procedures, and increasing physician and patient awareness about newly introduced treatment procedures and technologies. In the North American region, the United States holds the largest market share.

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    Major Key Players are as Follows

  • Arthrex Inc.
  • Sanofi
  • DePuy Synthes (A Subsidiary of Johnson & Johnson)
  • Globus Medical Inc.
  • Terumo Corporation
  • Stryker Corporation
  • Zimmer Biomet
  • Medtronic PLC
  • NuVasive Inc.
  • Integra Lifesciences
  • Bone Support
  • Seaspine Holdings Corporation

    Scope of the Report:

  • Orthobiologics are used by orthopedic surgeons to help injuries heal more quickly. They are used to quicken the healing of broken bones and injured muscles, tendons, and ligaments. These products are made from substances that are naturally found in our body.

    Geographical Regions:

    – United States – Canada – Mexico – Germany – United Kingdom – France – Italy – Spain – China – Japan – – Australia – South Korea – GCC – South Africa – Brazil – Argentina.

    Topics such as sales and sales revenue overview, production market share by product type, capacity and production overview, import, export, and consumption are covered under the development trend section of the Orthobiologics market report.

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    Reasons to Purchase Orthobiologics Market Report Covered:

    • The report examines how Orthobiologics market will develop in the future.
    • Studying various views of the Orthobiologics market with the help of Porter’s five forces analysis.
    • Analyzing the product type that is probable to control the market and regions that are likely to witness the fastest development during the forecast period
    • Identify the new developments, Orthobiologics market shares and strategies employed by the key market players.
    • Competitive landscape including the market share of major players along with the key strategies accepted for growth in the past five years
    • Complete company profiles covering the product offerings, key financial information, current developments, SWOT analysis and strategies employed by the major Orthobiologics market players

    Detailed TOC of Orthobiologics Market – Growth, Trends, and Forecast (2019 – 2024)

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Increasing Incidences of Sports Injuries and Road Accidents
    4.2.2 Increasing Incidence of Osteoarthritis
    4.2.3 Increasing Geriatric and Obese Population
    4.2.4 Increasing Patient Preference for Minimally Invasive Procedures
    4.3 Market Restraints
    4.3.1 High Costs Associated with Orthobiologic-based Treatments
    4.3.2 Preference for Alternative Treatment Options
    4.4 Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Products
    5.1.1 Viscosupplementation Products
    5.1.2 Demineralized Bone Matrices
    5.1.3 Synthetic Orthobiologics
    5.1.4 Bone Morphogenic Protein
    5.1.5 Allografts
    5.1.6 Plasma-rich Protein
    5.1.7 Bone Marrow Aspirate Concentrate
    5.2 By Application
    5.2.1 Osteoarthritis and Degenerative Arthritis
    5.2.2 Spinal Fusion
    5.2.3 Soft-tissue Injuries
    5.2.4 Fracture Recovery
    5.2.5 Maxillofacial and Dental Applications
    5.3 By End User
    5.3.1 Hospitals, Orthopedic Clinics, and Ambulatory Care Centers
    5.3.2 Research and Academic Institutes
    5.3.3 Dental Clinics and Facilities
    5.4 Geography
    5.4.1 North America
    5.4.1.1 US
    5.4.1.2 Canada
    5.4.1.3 Mexico
    5.4.2
    5.4.2.1 Germany
    5.4.2.2 UK
    5.4.2.3 France
    5.4.2.4 Italy
    5.4.2.5 Spain
    5.4.2.6 Rest of
    5.4.3 Asia-Pacific
    5.4.3.1 China
    5.4.3.2 Japan
    5.4.3.3
    5.4.3.4 Australia
    5.4.3.5 South Korea
    5.4.3.6 Rest of Asia-Pacific
    5.4.4 Middle East & Africa
    5.4.4.1 GCC
    5.4.4.2 South Africa
    5.4.4.3 Rest of Middle East & Africa
    5.4.5 South America
    5.4.5.1 Brazil
    5.4.5.2 Argentina
    5.4.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Arthrex Inc.
    6.1.2 Sanofi
    6.1.3 DePuy Synthes (A Subsidiary of Johnson & Johnson)
    6.1.4 Globus Medical Inc.
    6.1.5 Terumo Corporation
    6.1.6 Stryker Corporation
    6.1.7 Zimmer Biomet
    6.1.8 Medtronic PLC
    6.1.9 NuVasive Inc.
    6.1.10 Integra Lifesciences
    6.1.11 Bone Support
    6.1.12 Seaspine Holdings Corporation

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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    Contact Info:

    Name: Ajay More

    Email: [email protected] 

    Organization: Absolute Reports

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