Orthobiologics Market Size, Share, Growth, Trends, Consumption, Revenue, Company Analysis, Regional Insights and Forecast 2021-2028

Published Date : Nov 2020 | No. of Pages : 200 Pages | Category : Healthcare

According to Vision research Reports, the global orthobiologics market size is projected to surpass around US$ 8.5 billion by 2028 and to expand at a CAGR of 5.8% from 2021 to 2028. High prevalence of sports injuries and arthritis and rise in prevalence of trauma injuries are anticipated to augment the global market between 2021 and 2028.

Orthobiologics comprise tissue and bone replacement materials used to expedite healing and recovery of ligaments, tendons, muscles, and bones. Orthobiologics are integral part of orthopedic surgical procedures, as these assist in rapid recovery of joints, bones, and muscles post-surgical procedure and reduce healing time. Orthobiologics comprise products such as synthetic bone substitutes, bone cement, allografts, stem cells, and others.

Rise in the global geriatric population increases the prevalence of chronic orthopedic diseases such as arthritis and osteoporosis. Moreover, increase in cases of sports injury and trauma is likely to propel the global orthobiologics market. However, orthobiologics is a new technology and in a nascent stage of adoption. Limited reimbursement support for orthobiologics such as stem cells and allografts is anticipated to restrain the global market. High cost of bone grafts creates difficulty in obtaining reimbursement. Additionally, extensive clinical studies for safety of bone healing products is a constraint for obtaining reimbursement for orthobiologics. Moreover, procedure developed from existing treatment, coding options, and lack of data to differentiate the products are the various reimbursement challenges. This hampers the growth of the global orthobiologics market.

The report offers detailed segmentation of the global orthobiologics market based on product, application, and end-user. The market has also been segmented based on region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa). Introduction of new orthobiologics which reduce the healing & recovery time and offer better biocompatibility with low or null adverse effects is likely to drive the global orthobiologics market. Orthobiologics are relatively new, hence reimbursement is less compared to other options.

Allografts Segment to Account for Leading Share and Witness Strong Growth

In terms of product, the viscosupplements segment accounted for leading share of the global market in 2021 and the trend is anticipated to continue during the forecast period. Moreover, increase in the number of regulatory approvals for allograft orthobiologics products is projected to contribute to the growth of the segment during the forecast period. High biocompatibility of allografts and better efficacy are expected to drive the uptake of these products from 2021 to 2028. The stem cell therapy segment is likely to expand at the second fastest CAGR during the forecast period. The segment is anticipated to gain market share from 2021 to 2028. Surge in the number of trauma cases is likely to boost the growth of the segment. 

Emerging Technologies in Orthobiologics to Propel Market

Emerging technologies in orthobiologics is projected to boost the growth of the global orthobiologics market during the forecast period. 3D printed implant technology helps reduce surgery time, provides better stability, and improves clinical outcome for orthopedic surgical procedures. SpineVision’s 3D laser printed HEXANIUM TLIF for spine surgery helps reduce risk of subsidence in disc height in the post-operative period. Tornier’s BioFiber Surgical Mesh is used in the treatment of rotator cuff and other tendon injuries. SeaSpine’s OsteoBallast is a resorbable mesh used in the treatment of spinal fusion. It helps to prevent graft migration and simplifies graft placement. 

North America to be Most Lucrative Orthobiologics Market

North America has a large number of orthobiologics products approved for treatment of various orthopedic conditions. High adoption of advanced therapies in the treatment of orthopedic conditions and favorable reimbursement policies for orthobiologics contributed to North America’s leading market share. Large geriatric population, increase in incidence of trauma and injuries, and demand for quality health care are likely to contribute to the region’s leading share during the forecast period. 

Product Launches by Key Players and Patent Approvals to Boost Market

The report also provides profiles of leading players operating in the global orthobiologics market. These include Medtronic, DePuy Synthes (Johnson & Johnson), Sanofi, Seikagaku Corporation, Stryker, MTF Biologics, Bioventus, Artthrex, Zimmer Biomet, RTI Surgical, Inc., Alphatec Spine, Inc., Exactech, Inc., Globus Medical, Inc., and Integra LifeSciences. Launch of new products and focus on developing technologically advanced products by companies, and patent approvals are expected to drive the global market during the forecast period. In September 2018, NuVasive, Inc. launched a new product line for Propel DBM. To broaden the product line, the company provided Propel DBM gel and Propel DBM Putty with osteoconductive property which help to promote bone growth. In March 2018, Synergy Biomedical LLC received clearance from Therapeutic Goods Clearance (TGA) in Australia for BioSphere Putty, a synthetic bone graft product that helps bone healing. 

Market Segmentation

By Product
Bone Morphogenetic Proteins
Demineralized Bone Matrix
Synthetic Bone Substitutes
Viscosupplements
Allografts
Stem cell
Others

By Application
Spinal Fusion
Trauma Repair
Reconstructive Surgeries
Others

By End-user
Hospitals
Orthopedic Clinics
Others

Regional Outlook

  • North America
      • U.S.

      • Canada

  • Europe
      • U.K.

      • Germany

      • France

      • Italy

      • Spain

  • Asia Pacific
      • Japan

      • China

      • India

      • Australia

      • South Korea

  • Latin America
      • Brazil

      • Mexico

      • Argentina

      • Colombia

  • MEA
      • South Africa

      • Saudi Arabia

      • UAE

Report Scope

The Orthobiologics market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Orthobiologics market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Orthobiologics market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Orthobiologics market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Orthobiologics market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Orthobiologics capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Orthobiologics by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Orthobiologics market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Orthobiologics market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Orthobiologics market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Orthobiologics industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Orthobiologics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Orthobiologics market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Orthobiologics market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Orthobiologics market. These factors have benefited the growth of the global market for Orthobiologics. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Orthobiologics. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Orthobiologics are as follows:

  • History Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2028

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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