Orthobiologics Market by Application, by End-User and Geography – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2019 – 2026

The Global Orthobiologics Market is expected to reach USD 5.8 billion by 2024, growing at a CAGR of 5.2% during the forecast period. The major factors attributing to the growth of the market are increased incidences of sports injury, road accidents, rising prevalence of various disorders related to bones, rising geriatric population base and technological innovations in biomaterials.

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Orthobiologics is a booming field wherein it combines advances in biotechnology, tissue biology and material sciences to augment the body’s capability to repair musculoskeletal tissue. Orthobiologics thus represent a major portion of orthopaedics market which is expected to cross USD 35 trillion by 2020. In addition, orthobiologics are normally used in the treatment of bone defects, delayed unions and orthopaedic trauma. In the recent past, orthobiologics are precisely vaccinating ortho solutions.

The market for orthobiologics in orthopaedics is highly dependent on growth factor therapies which are made up of several product types such as recombinant and transforming factors. For instance, development of orthopaedic enabled stem cell therapies emphasize on creating products that fixes multiple tissue types that are critical to musculoskeletal functions. At present, the market growth for orthopaedic stem cell therapies represents lucrative growth opportunities revealing a high CAGR.

Regenerative medical technologies are progressing in the field of orthopaedics and stands unique in terms of clinical benefits. Regenerative medicines will highly deliver to enhance the quality of life in patients determining the magnitude of time taken to heal. The market is highly influenced as stakeholders continue to express interest and are open to advances in the orthobiologics. This trend is anticipated to prove sufficient for orthopaedic ailments which will prove definitive for cellular treatments that are scalable in improving the quality of life.

Orthobiologics Market Trends, Drivers and Opportunities:

Orthobiologics market is significantly driven by rise in geriatric population suffering from osteoarthritis and increasing awareness of the treatment followed by increase in demand for advanced treatment. Other factors such as rise in number of road accidents, sport injuries and accidental fall from heights contributes to the market development in the forecast period. In addition, significant investment in R&D activities for advanced treatment is anticipated to result in lucrative opportunities in the forecast period. On contrary, stringent norms and regulations and huge costs incurred in treatment are likely to affect the market growth during the forecast period.

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