Orthobiologics Market Growth 2022-2028: Rising Demand for The Viscosupplementation Products Is the Key Revenue Growth Driving Factors

Orthobiologics Market size was USD 5.58 Billion in 2020 and is expected to register a CAGR of 5.1% during the forecast period. Steady revenue growth of orthobiologics market can be attributed to growing use of viscosupplementation products in the healthcare sector for various surgical procedures. Rising number of orthopedic procedures due to growing geriatric population and obese people, and increasing awareness about advanced technological procedures are driving market revenue growth.

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Furthermore, advent of advanced technologies in the field is expected to drive revenue growth of the global orthobiologics market during forecast period. For instance, increasing adoption of 3D printed implants that help assist with improved clinical results by decreasing surgical procedure time and offer better firmness for orthopedic surgery. This technology assists in treating ligament and spinal wounds, with minimum invasions. Increasing cases of musculoskeletal disorders could lead to orthopedic procedures, which is further expected to increase demand for orthobiologics treatment.

Increasing incidence of lethal falls resulting in fractures and other accidental wounds is driving need for orthobiologics. Major manufacturers are focusing in R&D of new orthobiologics products such as viscosupplementation products to heal wounded tendons, muscles, and fractures in lesser duration.

However, inadequate medical facilities, undeveloped healthcare sector in various developing and underdeveloped countries, and lack of awareness about orthobiologics among people in underdeveloped countries are factors that can hamper market revenue growth over the forecast period.

The global pharma & healthcare market report points out the key trends and developments taking place in this business space in the ongoing COVID-19 times. According to market experts, the pandemic has turned this industry upside down, with an unprecedented rise in demand and acute supply shortage. The report clearly depicts the current global economic landscape and the considerable situation of the healthcare industry. A substantial increase in demand for healthcare services worldwide, rising cases of the SARS-CoV-2 infection, increasing pharmaceutical research & development activities, and new drug pipelines are among the key factors that have driven the global pharma & healthcare industry growth in the recent past. Growing acceptance of telehealth and telemedicine services, rise in government initiatives for COVID-19 vaccine development, and escalating demand for advanced point-of-care diagnostics and home healthcare products have further bolstered the industry growth.

Major Players Profiled in The Global Market Report Include:

Arthrex, Bioventus, DePuy Synthes (Subsidiary of Johnson & Johnson), Globus Medical Inc., Orthofix, RTI Surgical, Sanofi-Genzyme, SeaSpine Holdings, Smith & Nephew, Stryker Corporation, Zimmer Biomet.

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Some Key Highlights from the Report:

  • By product type, viscosupplementation products segment accounted for the largest revenue share in 2020. The significant market share is because of the acceptance of these products due to large availability and exceptional affirmation in disorders such as osteoarthritis, hip degenerative joint disorder. There are many benefits of viscosupplementation products such as better movement of knees, reduction of pain, and lesser side-effects.
  • By end use, hospital segment accounted for the largest revenue share in 2020. Increase in the requirement of Orthobiologics products for different reconstructive and spinal surgery procedures in Hospitals is the major factor contributing to market growth. Easy availability of orthobiologics and highly specialized care of patients in the hospitals are driving the global orthobiologics market growth.
  • Demand for orthobiologics is increasing because of advancements in technology and launch of new products in the market. Moreover, increasing number of spinal fusion surgeries is resulting in increasing use of orthobiologics, which further escalates market growth.
  • Orthobiologics market in North America accounted for the largest revenue share in 2020, due to key drivers such as this region has the most beneficial reimbursement policies and increase in the number of people suffering from obesity. Increasing investments in development of advanced technologies and availability of well-developed healthcare infrastructure are factors driving revenue growth of the market in the region.

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For the purpose of this report, Reports and Data has segmented the global orthobiologics market based on product type, end use, application, and region:  

Product Type Outlook (Revenue, USD billion; 2018-2028)

  • Viscosupplementation Products
  • Demineralized Bone Materials
  • Synthetic Orthobiologics
  • Bone Morphogenic
  • Allografts
  • Plasma-Rich Protein
  • Bone Marrow Aspirate Concentrate

End Use (Revenue, USD billion; 2018-2028)

  • Hospitals
  • Orthopedic Clinics
  • Research & Academic Institutes
  • Dental Clinic and Facilities
  • Ambulatory Care Centers

Application Outlook (Revenue, USD billion; 2018-2028)

  • Osteoarthritis and Degenerative Arthritis
  • Spinal Fusion
  • Soft-Tissue Injuries
  • Fracture Recover and Reconstructive Surgery
  • Maxillofacial and Dental Applications

Regional Outlook (Revenue, USD billion; 2018-2028)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Sweden
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East & Africa
    • Saudi Arabia
    • A.E.
    • South Africa
    • Israel
    • Rest of MEA

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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.

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