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The global orthobiologics market is expected to grow at a CAGR of 4.6% in the forecast period of 2024-2032 to attain USD 11.40 billion by 2032.
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Region-wise, North America is expected to be the leading market for orthobiologics in the forecast period of 2024-2032. This could be attributed to the prevalence of prominent players who promote quality care and regularly update strategies for product development. Furthermore, reimbursement policies and fusion enhancement products, combined with robust healthcare industry, has been propelling the market forward. Meanwhile, the market for orthobiologics is expected to grow at an exponential rate in the Asia Pacific region in the forecast period. Increasing awareness, both among doctors and patients of the benefits of these products, rising disposable incomes, and improving healthcare standards help grow the regional market. Enhancement of the healthcare infrastructure in the forecast period is expected to provide growth opportunities in the forecast period. Also, growing competition among key players leading to increasing product launches is also driving the market for orthobiologics forward.
Orthobiologics are substances that orthopaedic surgeons use to help and catalyse healing. Healing of broken bones and injured muscles, tendons, and ligaments are few of the areas these are used in. Orthobiologics consist of substances that naturally occur in the human body.
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The market is segmented on the basis of product into:
The market is divided by type into:
The market is segregated on the basis of application into:
On the basis of end use, the market is bifurcated into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Hip and knee replacement is expected to have risen and is expected to rise significantly in the coming years, being one of the main drivers of orthobiologics. Rising geriatric population and increased awareness about orthobiologics are easing the growth of this market. Hospitals are the leading market segment in terms of end use. This is due to increasing adoption of new procedures and the rise of high end as well as affordable hospitals. High patient turnaround and frequent readmissions push the segment share of hospitals. The supportive infrastructure that helps ensure the accuracy and reliability of the procedure is also driving the market forward. Further, increased investment in research and development and advanced technological innovations by the major market players is expected to push the market growth in the forecast period as well.
The report gives a detailed analysis of the following key players in the global orthobiologics market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global orthobiologics market is projected to grow at a CAGR of 4.6% between 2024 and 2032.
The major drivers of the market include the increased awareness, increasing adoption of new procedures, rise of high end and affordable hospitals, supportive infrastructure, increased investment in research and development and advanced technological innovations.
Rise in hip and knee replacement cases and rising geriatric population are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The market is segmented on the basis of product into demineralized bone matrices (DBM), Visco supplementation, bone morphogenetic protein, plasma-rich protein, bone marrow aspirate concentrate, and allografts, among others.
The market is divided by type into knee, ankle, hip, wrist and shoulder, and spine, among others.
The major applications are osteoarthritis and degenerative arthritis, spinal fusion, soft-tissue injuries, fracture recovery, maxillofacial and dental applications, among others.
The end-uses are hospitals, orthopedic clinics, and ambulatory care centres, dental clinics and facilities, research and academic institute, among others.
The major players in the industry are Kuros Biosciences A.G., Bioventus LLC, Smith & Nephew Plc, Johnson & Johnson Services, Inc., and Stryker Corporation, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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