LAS VEGAS, Nov. 16, 2017 (GLOBE NEWSWIRE) -- Global Orthobiologics Market helps to heal injured muscles, fractures, tendons and ligaments more quickly. These are made up of naturally occurring body substances such as autologous conditioned serum, autologous blood, bone grafts, stem cells, platelet rich plasma, and growth factors. Therefore, these are commercially available for orthopedic applications such as joint reconstruction, spinal fusion, and sports related injuries.
Rise in number of orthopedic surgeries, rapidly aging population, increasing adoption of advanced products, and growing demand for minimal invasive procedures are set to drive the global market for orthobiologics. As per the report published by American Academy of Orthopedic Surgeons, in U.S., around 500,000 bone grafting surgeries are performed every year. Of these, almost half of the surgeries are related to spinal fusion. These large number of procedures lead to rise in demand for musculoskeletal tissue donation and a shortage of cadaver material.
Additionally, increased availability of products with high osteoinductive and osteoconductive properties will further contribute to the market growth. An osteoinductive protein provides biophysical stimulation which helps to repair and regenerate bone fractures. Moreover, the high demand for orthobiologics in orthopedic industry coupled with rise in adoption of orthobiologics in different orthopedic applications such as joint reconstruction, trauma, craniomaxillofacial, and spinal fusion is set to boost the market growth.
Get sample of this report: http://www.crystalmarketresearch.com/report-sample/HC06151
Viscosupplementation segment dominated the global market in 2016 as they result in better knee movement, fewer side-effect, effective pain reduction and are less invasive in nature. As demand for minimally invasive procedures is on the rise, high adoption of viscosupplementation by the patient community is expected to contribute to the market growth during the forecast period. Synthetic bone substitutes along with stem cell based products are expected to exhibit lucrative growth during the forecast period owing to reduced cost, reduced risk of disease infection and quick recovery.
Spinal fusion segment dominated the overall market in 2016. This dominance can be attributed to large scale adoption of autografts and bone morphogenetic proteins in spinal fusion surgeries. The procedure provides high bone stability along with rapid healing of the bones which results in effective improvement in case of long-term spine related disorders. Moreover, the availability of favorable reimbursement policies for fusion enhancement products is expected to contribute to the growth of spinal fusion segment during the forecast period.
Hospitals segment dominated the global market in 2016 owing to the large scale adoption of orthobiologics products for spinal and reconstructive surgeries. Furthermore, factors such as large procedure volumes, frequent readmissions and high patient turnaround are anticipated to further drive the growth of hospitals market during the forecast period.
U.S. held the major share of North American orthobiologics market in 2016 owing to the presence of numerous market players in the country. With the availability of advanced healthcare facilities and research capabilities, the market is supposed to witness impressive growth over the forecast period. Emerging economies such as China and India in the Asia-Pacific region are expected to register highest growth during the forecast period. This rapid growth can be attributed to factors such as rising geriatric population, untapped medical needs in these countries along with increasing medical tourism.
Development of novel products related to bone healing has changed the field of orthopedic treatment. Therefore, major players are highly focused on developing and commercializing technologically advanced products. For instance, in September 2015, Wright Medical Group Inc. obtained premarket approval for its Augment bone graft from FDA. This graft can be used in ankle or hind foot fusion procedures. Similarly, in November 2015, CeraPedics, an orthobiologics company, obtained premarket approval (PMA) application for its “i-FACTOR Peptide Enhanced Bone Graft”. This graft can be used for the treatment of degenerative cervical disc related disorders. Thus, introduction of technologically advanced products is set to propel the market growth.
Major players in orthobiologics market
- Bioventus LLC.
- Smith & Nephew PLC
- RTI Surgical Inc.
- Bone Biologics Corporation
- CollPlant Ltd
- Musculoskeletal Transplant Foundation
- AlloSource
- Seikagaku Corporation
- Kuros Biosciences AG
- DePuySynthes (A subsidiary of Johnson & Johnson Services Inc.)
- ISTO Technologies Inc.
- OsteoMed
- Stryker Corporation
- Arthrex Inc.
- Osiris Therapeutics Inc.
- Globus Medical Inc.
- Medtronic plc
- NuVasive Inc.
- Wright Medical Group N.V
Buy Report: http://www.crystalmarketresearch.com/checkout/HC06151
Key Findings of the Research Study:
- Viscosupplementation segment accounted for the largest share of the market in 2016 owing to rising demand for minimally invasive procedures leading to large scale adoption of viscosupplementation.
- Spinal fusion segment dominated the applications market in 2016 owing to availability of favorable reimbursement policies and third party insurers.
- Hospitals segment dominated the end user market for orthobiologics in 2016 as a result of large scale adoption of these products for reconstructive surgeries performed in hospitals.
- North America held the majority share of the global orthobiologics market in 2016 due to the availability of leading market players in the region along with robust healthcare infrastructure.
- Asia-Pacific orthobiologics market is expected to witness the fastest growth over the forecast period owing to presence of unmet medical needs and increasing disposable income of the people in the region.
About Crystal Market Research Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
Contact: 304 South Jones Blvd, Suite 1896, Las Vegas NV 89107, United States Toll Free: + 1-888-213-4282 Email: sales@crystalmarketresearch.com Website: http://www.crystalmarketresearch.com
