Orthobiologics Market to Reach US$ 8261.6 Mn by 2026, Growing Patient Awareness Drives Market | Fortune Business Insights

The global market for orthobiologics was valued at US$ 5830.1 Mn in the year 2018 and is anticipated to reach US$ 8261.6 Mn by the end of 2026. The Global Orthobiologics Market is projected to exhibit a CAGR of 4.5% throughout the forecast period.

Pune, India - May 16, 2019 /MarketersMedia/ —

The Global Orthobiologics Market is likely to gain traction on account of rising geriatric population, which in turn is indicative of the increasing prevalence of chronic arthritis. Fortune Business Insights published a report, titled “Orthobiologics Market Size, Share and Global Trend by Product Type (Viscosupplements, Bone Growth Stimulators, Demineralized Bone Matrix, Synthetic Bone Substitutes, Stem Cells, Allografts), Application (Spinal Fusion, Maxillofacial & Dental, Soft Tissue Repair, Reconstructive & Fracture Surgery), End User (Hospitals, Ambulatory Surgical Centers, Speciality Clinics) and Geography Forecast till 2025” which offers valuable insights into the drivers positively impacting the global market.

As per this report, the global market for orthobiologics was valued at US$ 5830.1 Mn in the year 2018 and is anticipated to reach US$ 8261.6 Mn by the end of 2026. The global orthobiologics market is projected to exhibit a CAGR of 4.5% throughout the forecast period.

Request Sample Copy at https://www.fortunebusinessinsights.com/enquiry/sample/orthobiologics-marke-100173

Demand for Spinal Fusion Method Expected to Increase

A lead analyst at Fortune Business Insights said, “Spinal fusion covered the highest share in the global orthobiologics market in 2018 owing to the rising prevalence of traumatic injuries and accidents.” “The advantages offered by orthobiologics regarding the treatment of spine-related injuries may fuel the demand for spinal fusion method,” he continued. Another application called soft tissue repair is anticipated to witness the highest growth on account of escalating demand for orthobiologics in cartilage repair. Rising incidence of sports injuries is also responsible for driving the soft tissue repair segment.

Favorable Reimbursement Policies Supports Growth in North America

From a geographical standpoint, North America is expected to lead the global orthobiologics market between 2028 and 2026. In 2018, the market for orthobiologics in North America has valued at US$ 2326.2 Mn. Favourable reimbursement policies in the U.S. and rising adoption of advanced orthobiologics therapies are key factors contributing to the market’s growth in the region. The rising demand for a better quality healthcare in North America is also expected to create growth opportunities for the orthobiologics market in the region. Trailing North America, Europe is the second most prominent region, covering a significant share in the global market for orthobiologics. Growth of the orthobiologics market in Europe is attributable to recent FDA approvals for orthobiologics products. The rising demand for viscosupplements and increasing number of orthopaedic clinics are factors driving the orthobiologics market in Asia Pacific.

BioFiber by Tornier and Similar Product Developments to Boost Growth

The global orthobiologics market is driven by emerging technologies in orthobiologics treatment. For instance, a technology called 3D printed implant offers better stability and significantly reduces surgery time. A global leader in orthopaedics called Tornier has launched BioFiber Surgical Mesh. This technology helps to repair ligament injuries and other muscle injuries. Growing geriatric population is another factor fuelling demand for orthobiologics products such as orthobiologics injections. The rising clearances for several orthobiologics products is driving the orthobiologics market during the forecast period. Other factors likely to boost the orthobiologics market include increasing demand for advanced treatment and high growth potential especially in emerging countries.

Stringent Regulations and High Cost May Restrict the Market to Grow

Although the orthobiologics market is growing considerably, there are some factors that may hamper the growth. These include high costs associated with orthobiologics treatment. People in low-income regions cannot afford such treatments and this may pose a serious threat to the growth of the orthobiologics market. Another factor hampering the market is strict approval process for orthobiologics treatment and products.

Browse Complete Report Details at https://www.fortunebusinessinsights.com/industry-reports/orthobiologics-marke-100173

NuVasive’s Launch of Propel DBM in 2018, to Boost its Market Position

Some of the leading players presently operating in the global orthobiologics market are Medtronic, Stryker, Sanofi, Zimmer Biomet, Bioventus, Sea Spine, Musculoskeletal Transplant Foundation, Wright Medical Group N.V., and RTI Surgical Holdings, Inc. Companies are focussing on launching new and technologically advanced orthobiologic products to increase their share in the orthobiologics market. For instance, NuVasive announced the launch of a new product called Propel DBM in 2018. This product helps to encourage bone growth among patients suffering from bone disorders.

About Us:

Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Info:
Name: Fortune Business Insights
Email: Send Email
Organization: Fortune Business Insights
Address: Fortune Business Insights Pvt. Ltd. 308, Supreme Headquarters, Survey No. 36, Baner, Pune-Bangalore Highway, Pune - 411045, Maharashtra, India
Phone: +1 424 253 0390
Website: https://www.fortunebusinessinsights.com

Source URL: https://marketersmedia.com/orthobiologics-market-to-reach-us-82616-mn-by-2026-growing-patient-awareness-drives-market-fortune-business-insights/513471

Source: MarketersMedia

Release ID: 513471

More News From travellersea.com

Bicyclists ride up the highest peak in the Northeast

Aug 19, 2019

PINKHAM NOTCH, N.H. — In a story Aug. 17 about a bicycle race at Mount Washington, The Associated Press reported erroneously the last name of the second place finisher in the women's division. Her name is Lane Marder, not Lane Marden. A corrected version of the story is below: Bicyclists ride up the highest peak in the Northeast A Massachusetts man and a Pennsylvania woman have won the grueling bicycle race up the highest peak in the northeastern United States. Associated Press PINKHAM NOTCH, N.H. — A Massachusetts man and a Pennsylvania woman won the grueling bicycle race up Mount...

Small plane crashes into house near Poughkeepsie, killing 2

Aug 19, 2019

UNION VALE, N.Y. — New York state police say a plane crashed into a home near Poughkeepsie on Sunday, killing one resident and one person on the aircraft and causing a massive fire. The National Transportation Safety Board is to determine why the Cessna 303 plunged at about 4:30 p.m. in the rural town of Union Vale, 15 miles (24 kilometers) southeast of Poughkeepsie. State police spokesman Steven Nevel said three men were on the plane; one died and two were injured. Of three people in the home, one died, another was seriously hurt and the third is missing. Two...

Blooms, beasts affected as Alaska records hottest month

Aug 19, 2019

ANCHORAGE, Alaska — Alaska has been America's canary in the coal mine for climate warming, and the yellow bird is swooning. July was Alaska's warmest month ever, according to the National Oceanic and Atmospheric Administration. Sea ice melted. Bering Sea fish swam in above-normal temperatures. So did children in the coastal town of Nome. Wildfire season started early and stayed late. Thousands of walruses thronged to shore. Unusual weather events like this could become more common with climate warming, said Brian Brettschneider, an associate climate researcher at the University of Alaska Fairbanks' International Arctic Research Center. Alaska has seen "multiple...

Virgin Galactic reveals futuristic outpost for space tourism

Aug 19, 2019

UPHAM, N.M. — Spaceport America is no longer just a shiny shell of hope that space tourism would one day launch from this remote spot in the New Mexico desert. The once-empty hangar that anchors the taxpayer-financed launch and landing facility has been transformed into a custom-tailored headquarters where Virgin Galactic will run its commercial flight operations. Two levels within the spaceport include mission control, a preparation area for pilots and a lounge for paying customers and their friends and families, with each element of the fit and finish paying homage to either the desert landscape that surrounds the futuristic...

Portugal secures most gas supplies despite truckers' strike

Aug 19, 2019

LISBON, Portugal — Portugal has so far averted a gas crisis with around two-thirds of the country's gas stations well-stocked three days into a strike by tanker truck drivers over pay, the government said Wednesday. Uncertainty remained, however, as employers said they wouldn't return to the negotiating table while the truckers are on strike, and the truckers' union said it wouldn't end the walkout until negotiations resume. Energy Transition Minister Joao Matos Fernandes said 67 percent of the country's 3,000-or-so gas stations are supplied, thanks to a government order requiring truckers to deliver a minimum daily amount of fuel in...

Traveller SEA (South-East Asia) is for wanderlust looking for an adventure in the South-East Asia region and the rest of the world.

Contact us: sales@tvlseacom.com