Orthobiologics Market Overview with COVID-19 Impact and Forecast Report by 2027
The Orthobiologics Market report, at first, has given a brief understanding of the industry through basic overview. This overview includes the market definition, key applications of the product, and the recent manufacturing technology employed for such production. The global Orthobiologics market has been analyzed in detail to gain an understanding of the competitive landscape, key regional status, and recent trends noted in the relevant industry.
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Orthobiologics is also called as regenerative cellular therapies. These are used by orthopedic surgeons to help injuries heal more quickly. There are various types of orthobiologics available in the market which relay on different mechanism of actions. These substances are used in higher concentration for accelerating healing processes.
Market Drivers
Rise in prevalence of sport injuries and a road accident is the key driving factor which is expected to boost the global orthobiologics market growth. Furthermore, increase in incidences of spinal disorders will positively contribute the market growth. Also, increase in research and development investments and collaborations by medical devices and biotechnology companies are expected to propel the global orthobiologics market growth. Moreover, increase in aging population as well as obese people will drive the market growth. In addition to that, rise in demand for minimally invasive procedures are expected to fuel the market growth in near future. The rise in government initiatives and funds will support the market growth during this forecast period.
Market Restraints
However, high cost associated with orthobiologics-based treatments is the major challenging factor which is expected to hinder the global orthobiologics market growth. Also, lack of reimbursement as well as stringent approval processes will affect the market growth during this analysis period.
Market Key Players
Various key players are discussed in this report such as Medtronic PLC, Depuy Synthes, Stryker Corporation, Zimmer Biomet Holdings, Inc., Harvest Technologies Corporation, Globus Medical, Inc, Orthofix International N.V., RTI Surgical, Inc., K2M Group Holdings, Inc., and Kuros Biosciences Ltd.
Market Taxonomy
By Product
- Demineralized Bone Matrix
- Allograft
- Bone Morphogenetic Protein
- Viscosupplementation Products
- Synthetic Bone Substitutes
- Others
By Type
- Ankle
- Knee
- Hip
- Wrist & Shoulder
- Spine
- Others
By End user
- Hospitals & Ambulatory Centers
- Research & Academic Institutes
- Dental Clinics
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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