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

More News From Action Swift

Castroneves adds goal as he chases record-tying 4th Indy win

May 19, 2019

INDIANAPOLIS — When Helio Castroneves left Indianapolis last May, he pleaded with Roger Penske for one more chance at a record-tying fourth Indianapolis 500 win. Now that Castroneves is back in town and Penske has assured the exuberant Brazilian racer of making at least two more Indy starts, Castroneves has adjusted his goal. "I want to win (this year) because winning gives me an opportunity to go for five next year and I know I'm capable of it," he said. "Racing is still my passion, racing is still my love and hopefully I can break the record." While time may...

NTSB: Autopilot was in use before Tesla hit semitrailer

May 19, 2019

DETROIT — A Tesla Model S involved in a fatal crash with a semitrailer in Florida March 1 was operating on the company's semi-autonomous Autopilot system, federal investigators have determined. The car drove beneath the trailer, killing the driver, in a crash that is strikingly similar to one that happened on the other side of Florida in 2016 that also involved use of Autopilot. In both cases, neither the driver nor the Autopilot system stopped for the trailers, and the roofs of the cars were sheared off. The crash, which remains under investigation by the National Transportation Safety Board and...

The Latest: Penske expects Castroneves back at Indy in 2020

May 19, 2019

INDIANAPOLIS — The Latest on Indianapolis 500 practice (all times local): 6:25 p.m. Roger Penske expects Helio Castroneves to race in next year's Indianapolis 500. The most successful IndyCar team owner in history told The Associated Press on Wednesday that when the three-time race winner made the full-time switch to sports cars last year, he made a three-year commitment to bring the Brazilian back to Indianapolis for a chance at a record-tying fourth win. Castroneves won the 500 in 2001, 2002 and 2009. He also finished second in 2003, 2014 and 2017 and was third in 2007. The 44-year-old Castroneves...

Self-driving vehicle pulled over by curious police officer

May 19, 2019

PROVIDENCE, R.I. — A self-driving shuttle got pulled over by police on its first day carrying passengers on a new Rhode Island route. Providence Police Chief Hugh Clements said an officer pulled over the odd-looking autonomous vehicle because he had never seen one before. "It looked like an oversize golf cart," Clements said. The vehicle, operated by Michigan-based May Mobility, was dropping off passengers Wednesday morning at Providence's Olneyville Square when a police cruiser arrived with blinking lights and a siren. It was just hours after the public launch of a state-funded pilot for a shuttle service called "Little Roady."...

7-time champ Johnson growing impatient with winless streak

May 19, 2019

CHARLOTTE, N.C. — Jimmie Johnson views himself as a patient person. But mired in a brutal winless streak, the seven-time NASCAR champion is putting all options on the table when his contract is up next year. "I'll have to evaluate what I'll want to do after that," he said. Johnson is growing more and more impatient with each passing week as his Hendrick Motorsports No. 48 race team keeps struggling on the track. "Over my career, I've been able to be patient and let things work themselves out," Johnson said this week. "There are two factors that are leading to...

Sign up now!

Action Swift is your fighting sports news site featuring boxing, fencing, martial arts, mixed martial arts and sumo. It’s time for some action!

Contact us: sales[at]actionswift.com