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 The Buzz Reporters

'John Wick 3' dethrones 'Avengers: Endgame' with $57 million

May 20, 2019

LOS ANGELES — The box office has a new king and his name is John Wick. The third installment of the hyper violent Keanu Reeves franchise has taken the top spot at the North American box office and ended the three-week reign of "Avengers: Endgame." Studios on Sunday say "John Wick: Chapter 3 — Parabellum" has grossed an estimated $57 million in its opening weekend. "Avengers: Endgame" slid to second place in its fourth weekend with $29.4 million. Domestically, it's now second only to "Star Wars: The Force Awakens." "Pokémon Detective Pikachu" placed third with $24.8 million and "A Dog's...

Actor-comedian Sammy Shore, father of Pauly, dies at 92

May 20, 2019

LAS VEGAS — Sammy Shore, an actor and standup comedian who co-founded the Comedy Store, died Saturday. He was 92. Through a spokeswoman, Shore's family said he died at his Las Vegas home surrounded by family. He was the father of actor-comedian Pauly Shore. Shore's nearly seven-decade career stretched from the "Borscht Belt" summer resorts of New York's Catskill Mountains to Las Vegas to the studios of Hollywood. Shore began his career doing standup with Shecky Greene. Elvis Presley chose Shore as the opening act for his comeback tour, and the comedian opened for many others, including Tony Orlando, Barbra...

Queen Elizabeth II attends yet another wedding at Windsor

May 20, 2019

LONDON — Queen Elizabeth II and other royal family members have gathered at St George's chapel in Windsor for the wedding of the daughter of the monarch's first cousin. Lady Gabriella Windsor's marriage to Thomas Kingston Saturday marked the third royal wedding at the 15th-century venue in less than a year after the nuptials of the Duke and Duchess of Sussex last May and Princess Eugenie and Jack Brooksbank in October. Prince Harry left Meghan at home with newborn son Archie and arrived with his uncle and aunt, Prince Edward and Princess Anne. The bride's gown was designed by Luisa...

No home birth: Harry and Meghan's Archie born in a hospital

May 20, 2019

LONDON — The birth certificate for the son of Prince Harry and Meghan, the Duchess of Sussex, reveals that Archie was born in a private hospital in London. The certificate filed Friday makes clear that Meghan did not give birth to the child in the couple's Frogmore Cottage home, as had been rumored. Archie Harrison Mountbatten-Windsor was born at the Portland Hospital in central London on May 6. He is seventh in line for the British throne. Harry and Meghan announced weeks before the birth that they wanted to keep many details of his birth private. Meghan's name is listed...

'Big Bang Theory' exits TV airwaves with emotional episode

May 20, 2019

LOS ANGELES — "The Big Bang Theory" is over. CBS aired the sitcom's last two episodes "The Change Constant" then "The Stockholm Syndrome" in an hour-long finale Thursday evening. The comedy about the adventures of a group of lovable misfits left the airwaves with the most episodes for a multi-camera series ever with 279 episodes. It edged past NBC's "Cheers," which aired for 11 seasons and 275 episodes. "The Big Bang Theory" became a cult classic despite some who questioned the show's chances of survival after it debuted in 2007. The series began about geeky physicist roommates portrayed by Jim...

Sign up now!