Moreover, emerging technological inventions in biomaterials, growing obese and geriatric population, and increasing research and development activities by top players such as mergers, expansion, and collaboration for the development of new products and launches by major players are also boosting the growth of the market. According to the report published by the Centers for Disease Control and Prevention (CDC), in 2016, 5.1% of men of 65 years and over are suffering from the lumbar spine in the US. Also, 24.5% of women 65 years of age and over have a lumbar spine in US.
The high costs associated with the orthobiologics, absence of proper reimbursement policies and scarcity of skilled workforce may hamper the growth of the market during the assessment period.
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Global Orthobiologics Market - Segmentations
The global orthobiologics market has been segmented on the basis of product, application, end-user, and region.
Based on product, the market has been classified as a Demineralized bone matrix (DBM), Bone morphogenetic protein (BPM), Allograft, Viscosupplementation products, Synthetic bone substitutes, and Others.
Global orthobiologics market on the basis of application has been segmented into Osteoarthritis & degenerative arthritis, Spinal fusion, Fracture recovery, Soft tissue injuries, and Others.
Based on end-user, the market has been segmented into Hospitals, Orthopedic Clinics, and Others.
Global Orthobiologics Market - Geographical Analysis
North America dominates the global orthobiologics market, owing to the technological advancements, increasing funding & investments, and rising prevalence of bone injuries caused due to accidents. Heading with favorable government regulations that are growing integration for orthobiologics, the region is would retain its leading position throughout the assessment period.
Simultaneously, rising numbers of orthopedic surgeries, alongside, the increasing geriatric populace, boost the growth of the regional market, leading to an increase in the patient population. Furthermore, increasing awareness among people and the rising demand for technologically advanced treatments and products enhances the growth of the regional market.
Europe stands second in the global orthobiologics market. Factors such as the increased research & development activities in the field backed by government support and funds, attribute to the regional market growth. The availability of innovative treatment facilities alongside, the rising research initiatives in the field of orthopedic biomaterials is fostering the market growth in the region. Moreover, increasing orthopedic surgeries with growing awareness among populations regarding healthcare.
The orthobiologics market in the Asia Pacific region is rapidly emerging as a promising market globally. Continually rising population and the burgeoning medical treatment market in the region attribute to the regional market growth. Growing markets in India and China backed by the increasing awareness & improved healthcare services provide impetus to the market growth. Besides, the improved economy in the region drives the growth of the orthobiologics market, colossally, creating various growth opportunities.
Global Orthobiologics Market - Competitive Landscape
Highly competitive, the orthobiologics market appears to be fragmented due to the presence of several well-established players. Moreover, the market attracts several new entrants, demonstrating attractive growth opportunities. This, as a result, intensifies the competition in the market, further. Manufacturers strive to develop innovative materials, utilizing advanced technologies and best practices.
To gain a substantial share in the market, players incorporate strategies such as mergers & acquisitions, collaboration, and expansion. They make substantial investments in R&D for product development and improvements. Expansions and superior product development help them in increasing sales, production capacities, and potential to fetch larger turnovers at a much-reduced logistic cost.
Key Players
Some of the key players in the global orthobiologics market are Arthrex, Inc., Exactech, Inc., Globus Medical Inc., Integra LifeSciences, Johnson & Johnson, Medline Industries, Inc., NuVasive, Inc., Stryker Corporation, Wright Medical Group N.V., Zimmer Biomet, and Others
Table of Contents:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1. Definition
2.2. Scope of the Study
2.2.1. Research Objective
2.2.2. Assumptions
2.2.3. Limitations
Chapter 3. Research Methodology
3.1. Introduction
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
Chapter 4. Market Dynamics
4.1. Drivers
4.2. Restraints
4.3. Opportunities
4.4. Challenges
4.5. Macroeconomic Indicators
Chapter 5. Market Factor Analysis
5.1. Porter’s Five Forces Analysis
5.1.1. Bargaining Power of Suppliers
5.1.2. Bargaining Power of Buyers
5.1.3. Threat of New Entrants
5.1.4. Threat of Substitutes
5.1.5. Intensity of Rivalry
5.2. Value Chain Analysis
5.3. Investment Feasibility Analysis
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