The Orthobiologics Devices And Equipment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Orthobiologics Devices And Equipment Global Market Report 2024, The orthobiologics devices and equipment market size has grown strongly in recent years. It will grow from $5.29 billion in 2023 to $5.74 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to market entry of innovative devices, clinical research and trials, rise in sports injuries and aging population, regulatory standards compliance, evolution of implant designs.
The orthobiologics devices and equipment market size is expected to see strong growth in the next few years. It will grow to $7.39 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to ai-assisted surgical planning, value-based healthcare initiatives, market expansion in emerging economies, precision surgery tools, regenerative medicine emphasis. Major trends in the forecast period include ai-assisted planning and simulation, patient-specific solutions, enhanced biologic integration, minimally invasive procedures, focus on regenerative therapies.
The aging population profile of most countries contributed to the growth of orthobiologics devices and equipment market globally. According to the United Nations report, there were 962 million people aged over 60 across the globe, comprising 13% of the global population. The population aged over 60 is expected to grow at a rate of about 3% every year. The report further estimated that Europe had the highest percentage of the population aged over 60. The number of people globally over the age of 65 grew by 33%, according to estimates based on Population Reference Bureau data. The increase in the aging population has increased the patient pool of many orthopedic disorders and led to an increase in the demand for orthobiologics devices and equipment market.
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The orthobiologics devices and equipment market covered in this report is segmented –
1) By Product Type: Demineralized Bone Matrix, Synthetic Bone Substitutes, Stem Cell Therapy, Plasma-Rich Protein, Viscosupplementation, Bone Morphogenetic Protein, Synthetic Orthobiologics
2) By Application: Osteoarthritis and Degenerative Arthritis, Soft-Tissue Injuries, Fracture Recovery, Maxillofacial and Dental Applications, Spinal Fusion, Trauma Repair, Reconstructive Surgery
3) By End Use: Hospitals, Orthopedic Clinics, Other End Users
Biodegradable implants are increasingly being used in orthobiologics treatment and trauma orthopedic surgeries. Biodegradable implants are used to replace a missing biological structure, support a damaged biological structure, and enhance the existing bone structure. Biodegradable products such as re-absorbable polymers composed of polyglycolic acid and polylactic acid manufactured in the form of plates, screws, and pins are replacing traditional devices like plates and screws which are more expensive. Surgeons are preferring biodegradable implants to replace conventional implants, as biodegradable implants can be engineered to provide temporary support for bone fractures, can degrade at a rate matching new tissue formation, eliminate the need for the second surgery, and are highly useful in fracture fixation in children with less implant-related infections. For instance, Stryker Corp. offers orthobiologics such as bone repair biodegradable products that are used in bone regeneration and bone healing, soft tissue regeneration, and muscle connection to bone
The orthobiologics devices and equipment market report table of contents includes:
1. Executive Summary
2. Orthobiologics Devices And Equipment Market Characteristics
3. Orthobiologics Devices And Equipment Market Trends And Strategies
4. Orthobiologics Devices And Equipment Market – Macro Economic Scenario
5. Global Orthobiologics Devices And Equipment Market Size and Growth
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26. South America Orthobiologics Devices And Equipment Market
27. Brazil Orthobiologics Devices And Equipment Market
28. Middle East Orthobiologics Devices And Equipment Market
29. Africa Orthobiologics Devices And Equipment Market
30. Orthobiologics Devices And Equipment Market Competitive Landscape And Company Profiles
Top Major Players:
- BONESUPPORT AB
- Sanofi SA
- Medtronic PLC
- Kuros Biosciences Ltd
- Stryker Corporation
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