Orthobiologics Market to Reach US$ 8261.6 Mn by 2026, Growing Patient Awareness Drives Market | Fortune Business Insights

The global market for orthobiologics was valued at US$ 5830.1 Mn in the year 2018 and is anticipated to reach US$ 8261.6 Mn by the end of 2026. The Global Orthobiologics Market is projected to exhibit a CAGR of 4.5% throughout the forecast period.

Pune, India - May 16, 2019 /MarketersMedia/ —

The Global Orthobiologics Market is likely to gain traction on account of rising geriatric population, which in turn is indicative of the increasing prevalence of chronic arthritis. Fortune Business Insights published a report, titled “Orthobiologics Market Size, Share and Global Trend by Product Type (Viscosupplements, Bone Growth Stimulators, Demineralized Bone Matrix, Synthetic Bone Substitutes, Stem Cells, Allografts), Application (Spinal Fusion, Maxillofacial & Dental, Soft Tissue Repair, Reconstructive & Fracture Surgery), End User (Hospitals, Ambulatory Surgical Centers, Speciality Clinics) and Geography Forecast till 2025” which offers valuable insights into the drivers positively impacting the global market.

As per this report, the global market for orthobiologics was valued at US$ 5830.1 Mn in the year 2018 and is anticipated to reach US$ 8261.6 Mn by the end of 2026. The global orthobiologics market is projected to exhibit a CAGR of 4.5% throughout the forecast period.

Request Sample Copy at https://www.fortunebusinessinsights.com/enquiry/sample/orthobiologics-marke-100173

Demand for Spinal Fusion Method Expected to Increase

A lead analyst at Fortune Business Insights said, “Spinal fusion covered the highest share in the global orthobiologics market in 2018 owing to the rising prevalence of traumatic injuries and accidents.” “The advantages offered by orthobiologics regarding the treatment of spine-related injuries may fuel the demand for spinal fusion method,” he continued. Another application called soft tissue repair is anticipated to witness the highest growth on account of escalating demand for orthobiologics in cartilage repair. Rising incidence of sports injuries is also responsible for driving the soft tissue repair segment.

Favorable Reimbursement Policies Supports Growth in North America

From a geographical standpoint, North America is expected to lead the global orthobiologics market between 2028 and 2026. In 2018, the market for orthobiologics in North America has valued at US$ 2326.2 Mn. Favourable reimbursement policies in the U.S. and rising adoption of advanced orthobiologics therapies are key factors contributing to the market’s growth in the region. The rising demand for a better quality healthcare in North America is also expected to create growth opportunities for the orthobiologics market in the region. Trailing North America, Europe is the second most prominent region, covering a significant share in the global market for orthobiologics. Growth of the orthobiologics market in Europe is attributable to recent FDA approvals for orthobiologics products. The rising demand for viscosupplements and increasing number of orthopaedic clinics are factors driving the orthobiologics market in Asia Pacific.

BioFiber by Tornier and Similar Product Developments to Boost Growth

The global orthobiologics market is driven by emerging technologies in orthobiologics treatment. For instance, a technology called 3D printed implant offers better stability and significantly reduces surgery time. A global leader in orthopaedics called Tornier has launched BioFiber Surgical Mesh. This technology helps to repair ligament injuries and other muscle injuries. Growing geriatric population is another factor fuelling demand for orthobiologics products such as orthobiologics injections. The rising clearances for several orthobiologics products is driving the orthobiologics market during the forecast period. Other factors likely to boost the orthobiologics market include increasing demand for advanced treatment and high growth potential especially in emerging countries.

Stringent Regulations and High Cost May Restrict the Market to Grow

Although the orthobiologics market is growing considerably, there are some factors that may hamper the growth. These include high costs associated with orthobiologics treatment. People in low-income regions cannot afford such treatments and this may pose a serious threat to the growth of the orthobiologics market. Another factor hampering the market is strict approval process for orthobiologics treatment and products.

Browse Complete Report Details at https://www.fortunebusinessinsights.com/industry-reports/orthobiologics-marke-100173

NuVasive’s Launch of Propel DBM in 2018, to Boost its Market Position

Some of the leading players presently operating in the global orthobiologics market are Medtronic, Stryker, Sanofi, Zimmer Biomet, Bioventus, Sea Spine, Musculoskeletal Transplant Foundation, Wright Medical Group N.V., and RTI Surgical Holdings, Inc. Companies are focussing on launching new and technologically advanced orthobiologic products to increase their share in the orthobiologics market. For instance, NuVasive announced the launch of a new product called Propel DBM in 2018. This product helps to encourage bone growth among patients suffering from bone disorders.

About Us:

Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Info:
Name: Fortune Business Insights
Email: Send Email
Organization: Fortune Business Insights
Address: Fortune Business Insights Pvt. Ltd. 308, Supreme Headquarters, Survey No. 36, Baner, Pune-Bangalore Highway, Pune - 411045, Maharashtra, India
Phone: +1 424 253 0390
Website: https://www.fortunebusinessinsights.com

Source URL: https://marketersmedia.com/orthobiologics-market-to-reach-us-82616-mn-by-2026-growing-patient-awareness-drives-market-fortune-business-insights/513471

Source: MarketersMedia

Release ID: 513471

Latest News

1st test: England 76-2 at lunch v Australia; Roy, Root out

Aug 18, 2019

LONDON — Josh Hazlewood took two early wickets, including the key one of Joe Root, on his return to the Australia team before England fought back to reach lunch at 76-2 as the second Ashes test finally got underway Thursday. The paceman got an edge behind by Jason Roy for 0 off the third ball of his first over and then trapped Root, England's captain and best batsman, lbw for 14. Hazlewood had figures of 2-14 off 10 overs at Lord's after coming into Australia's attack to replace James Pattinson. Reeling at 26-2, England got through the rest of Day...

England wins 33-19 to stop Wales going top of rankings

Aug 18, 2019

LONDON — England ended Wales' 14-match winning run with a comprehensive 33-19 victory at Twickenham on Sunday in a World Cup warmup game and prevented the visitors from replacing New Zealand at the top of the rugby rankings. Warren Gatland's strongest available Wales team included 13 starters from the Grand Slam-clinching victory over Ireland in March. England began its World Cup preparations with an experimental team which established a healthy 24-7 lead through tries by Billy Vunipola, Joe Cokanasiga and Luke Cowan-Dickie, and went on to survive touchdowns from George North and Wyn Jones. George Ford, England captain in the...

Two-goal Kane leads Tottenham to 3-1 comeback win over Villa

Aug 18, 2019

LONDON — Harry Kane scored two late goals as Tottenham came from behind to start its Premier League campaign with a 3-1 win over promoted Aston Villa on Saturday. Tanguy Ndombele also struck on his debut as Mauricio Pochettino's side dug deep to overcome a stubborn Villa team. Kane, who missed a good chance in first-half injury time, capitalized on a defensive lapse from Jack Grealish before coolly slotting the ball past goalkeeper Tom Heaton in the 86th minute. The England forward then grabbed his second in the 90th after being set up by Moussa Sissoko. It was just reward...

Klopp putting faith in Brewster in bid to end title wait

Aug 18, 2019

LIVERPOOL, England — If Rhian Brewster lives up to the hype, he will have saved Liverpool manager Jürgen Klopp millions in the transfer window. The 19-year-old is set for his breakthrough season with the first team after being lined up for more than a year to fill the boots of departed striker Daniel Sturridge. While the England Under-17 World Cup winner will start as backup to Roberto Firmino and Champions League hero Divock Origi, the promise he has shown already suggests he could have a part to play in Liverpool's bid to end a 30-year wait for the Premier League...

Australia wins 1st Ashes test by 251 runs, Lyon takes 6-49

Aug 18, 2019

BIRMINGHAM, England — Australia won the first Ashes test by a huge margin of 251 runs on Monday after dismissing England for 146 in its second innings on the final day. Offspinner Nathan Lyon was often unplayable with 6-49 and passed 350 test wickets in a remarkable turnaround for the Australians who had been reduced to 122-8 in their first innings at a hostile Edgbaston. "It's disappointing, we got ourselves in a really strong position," England captain Joe Root told the BBC. Allrounder Chris Woakes provided England's top score with a defiant 37 at No. 9 after the hosts crumbled...

About Us

Daily Sports Global, your guide to the best sports news on the Internet. Access to the world’s biggest sports events right here even if you’re not physically there.

Contact us: sales[at]dailysportsglobal.com

Subscribe Now!