Global Orthobiologics Market valued at .4 billion in 2021 and is anticipated to grow at a CAGR of 7% by 2026Posted by Tejashri Khade on December 14th, 2022 Orthobiologics uses biomaterials and cell-based therapies to heal musculoskeletal injuries quickly and support tissue healing and restoration through their regenerative potential. These products are derived from components that are naturally present in the body and interact dynamically with the musculoskeletal system to facilitate the healing of bone, cartilage, ligament, and diseased or injured meniscus & tendons. The Global Orthobiologics Market valued at .4 billion (2021) is set to witness a growth rate of 7% in the next 5 years. Increasing geriatric and obese populations globally, an increase in the number of people suffering arthritis and other spine-related disorders, an increase in patient preference for minimally invasive procedures, and mechanical advancements in biomaterials are some of the main reasons propelling the global orthobiologics market. Technological advancements in Orthobiologics Market to fuel its Global Market demand The development of effective products with enhanced patient healing capacities and expanded applications, among other things, has been made possible by continuous advancements in orthobiologics. As a result, key companies are constantly focusing on investing in research activities for the development of new products and increasing their geographic reach to strengthen their positions in the orthobiologics market. Such advances tend to provide manufacturers a competitive edge. Below is a list of a few technological developments:
Explore Premium Report on Orthobiologics Market @ https://meditechinsights.com/orthobiologics-market/ Key Growth Strategies Adopted by Leading Market Players in Orthobiologics Market Leading Market players operating in the orthobiologics market have accepted acquisition and partnership as key growth strategy to increase their product offerings, improve their geographic presence & distribution capabilities, and to co-develop advanced products. Some of these developments are listed below -
Irrespective of the challenges such as unfavorable reimbursement scenario and pricing pressure on market players, the global orthobiologics market is expanding and is anticipated to gain further momentum in the coming years due to a strong emphasis on spinal fusion segment, focus on demineralized bone putties with excipients, growing usage of viscosupplements, and innovations addressing the entire procedure, among others. For instance, during the forecast period, advances in hyaluronic acid-based therapies, rising prevalence of lifestyle-induced disorders, high efficacy in delaying total knee replacement procedures, and growing preference for non-surgical treatments for osteoarthritis are expected to drive the viscosupplements segment. Furthermore, conventional techniques such as autograft and allograft are difficult to manage, painful for the patient, have fairly contrasting outcomes, and may require repeat surgeries. Hence, an easier-to-use solution is likely to be accepted by doctors and healthcare providers which has greater success rate from a medical and financial standpoint, providing opportunity for market players in this space. Competitive Landscape Analysis of Orthobiologics Market The orthobiologics market is marked by the presence of key players such as Medtronic Plc (Ireland); Zimmer Biomet Holdings, Inc. (US); Arthrex, Inc. (US); Bioventus (US); DePuy Synthes (Johnson & Johnson Services, Inc.) (US); Stryker Corporation (US); MTF Biologics (US); and others. For More Detailed Insights, Contact Us @ https://meditechinsights.com/contact-us/ About Medi-Tech Insights Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services. Contact: Ruta Halde Associate, Medi-Tech Insights +32 498 86 80 79 info@meditechinsights.com Like it? Share it!More by this author
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