The research report “Global Orthobiologics Market By Product Type (Viscosupplementation Products, Allografts, Synthetic Orthobiologics, DBM (Demineralized Bone Matrix ),BMP (Bone Morphogenetic Proteins), PRP (Platelet-Rich Plasma), and BAMC, By Application (Osteoarthritis and Degenerative Arthritis, Spinal Fusion, Fracture Recovery, Soft Tissue Injuries, Maxillofacial and Dental Applications), By End User (Hospitals, Research and Academic Institutes, Dental Clinics and Facilities), and Geography – Global/Region/Country Forecast to 2027″, The Global Orthobiologics Market is valued at USD 5.8 Billion in 2020 and is anticipated to grow at USD 8.84 Billion till 2027 recording a CAGR of 6.3% during the forecast period 2021-2027.
Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on ” Global Orthobiologics Market: By Product Type (Viscosupplementation Products, Allografts, Synthetic Orthobiologics, DBM (Demineralized Bone Matrix ),BMP (Bone Morphogenetic Proteins), PRP (Platelet-Rich Plasma), and BAMC, By Application (Osteoarthritis and Degenerative Arthritis, Spinal Fusion, Fracture Recovery, Soft Tissue Injuries, Maxillofacial and Dental Applications), By End User (Hospitals, Research and Academic Institutes, Dental Clinics and Facilities), and Geography – Global/Region/Country Forecast to 2027″,
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Growing demand from various physicians for orthobiologics will drive the market growth:
Orthobiologics are known as biological substances utilized to cure injuries rapidly. These substances are also used for improving the healing of fractures, ligaments, injured muscles and tendons. They greatly help to make healing process faster and effective. Orthobiologics are made from substances, which occur naturally in the body. Bleeding occurs when someone’s tissue gets injured. Stem cells, matrix and growth factors play crucial role in tissue healing after bleeding and they are available in the form of natural orthobiologics in human body. Matrix works as building blocks to fill tissue gaps and growth factors work on stem cells for healing injured tissue.
Sports related injuries are regular amid professionals as well as recreational athletes. They require fast curing of these injuries as they need to attend sporting activities rapidly. Here comes the role of orthobiologics, which is obtaining huge demand from different physicians as orthobiologics provide quick healing of these injuries. Therefore, there is increasing preference for orthobiologics from different physicians. Bone grafts work by their osteoconductive, osteogenic and osteoinductive properties to stimulate the formation of new bone and have no effect on curing of tendons, muscles and ligaments. However, PRP and autologous conditioned serum and autologous blood provide growth factors to the ill areas for stimulating the repair method. Such biologic substances have both advantages and disadvantages. There are some factors that hinder the market growth such as dearth of cost-intensive products and clinical data. Growing aged population, which result into different illnesses like osteoarthritis and others, growing demand for advanced treatment and increasing awareness about orthobiologics are the factors boost the market growth
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North America to dominate the Global Orthobiologics Market recording the largest Revenue Share:
North is dominating the market and is anticipated to obtain the largest revenue share in the market owing to growing obese population, growing awareness about newly launched treatments amid physicians and patients, increasing prevalence of spinal disorders and increasing inclination towards minimally invasive methods. Asia Pacific comes on second place and is projected to record the huge growth in the market during forecast duration due to the increasing cases of obesity and improving healthcare infrastructure, osteoarthritis and the presence of target patients.
Competitive Analysis:
A few prominent key players of the market include Medtronic, NuVasive Inc., Stryker Corporation, Zimmer Biomet, Orthofix International, RTI Surgical Inc, Bioventus LLC and Kuros Biosciences Ltd.
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