Orthobiologics Market Scope
Orthobiologics, also called regenerative cellular therapies, is an advancing medical field that involves the use of biomaterials and cell-based therapies to repair broken bones, prevent bone degeneration, and provide bone stability. Orthobiologic products are obtained from naturally occurring materials. These products help treat people with long-term disabling musculoskeletal disorders and injuries. In the current scenario, emerging technological innovations in biomaterials, used in the production of orthobiologics are emerging out as a lucrative opportunity for the market growth
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Orthobiologics market throughout the predicted period.
DePuy Synthes (Johnson & Johnson) (United States), Medtronic (Ireland), Sanofi S.A (France), Stryker (United States), Zimmer Biomet (United States), Alphatec Spine Inc. (United States), AlloSource (United States), SINTX Technologies Inc. (United States), Anika Therapeutics (United States), Arthrex Inc. (United States), Baxter (United States), BBS-Bioactive Bone Substitutes (Finland), Berkeley Advanced Biomaterial (United States), Wright Medical Group Inc. (United States), Bioventus (United States), Bone Therapeutics (Belgium), Ceramisys (United Kingdom) and Geistlich Bio-Oss (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Graftys (France), Integra Life Sciences (United States), ISTO Technologies (United States), NovaBone Products LLC (United States), Orthogem (United Kingdom), Orthofix Holdings Inc. (United States), OsteoMed (United States), RTI Surgical (United States), Smith & Nephew (United Kingdom) and Xtant Medical (United States).
Segmentation Overview
The study have segmented the market of Global Orthobiologics market by Type (Viscosupplementation Products, DBM, Synthetic Orthobiologics, BMP, Allografts, PRP and BMAC), by Application (Fracture Recovery, Spinal Fusion, Soft Tissue Injuries and Osteoarthritis and Degenerative Arthritis) and Region with country level break-up.
On the basis of geography, the market of Orthobiologics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Growing Patient Preference for Minimally Invasive Procedures
Market Growth Drivers:
Increasing Incidence of Sports Injuries and Road Accidents, Surging Incidence of Spinal Diseases/Disorders and Rising Geriatric and Obese Population
Challenges:
Lawsuits Filed Against Major Market Players Affecting Their Brand Value and Side Effects Associated With Bmp-Based Treatments
Restraints:
High Cost Associated With Orthobiologics-Based Treatments
Opportunities:
Increasing Awareness of Orthobiologics and Rise in Demand for Advanced Treatment
Market Leaders and their Expansionary Development Strategies
In February 2019, Orthofix Medical Inc., a global medical device company focused on musculoskeletal products and therapies, announced that it has acquired the business of Options Medical, LLC, a medical device distributor based in Florida
In March 2019, AlloSource, an organization dedicated to advancing the science and use of transplantable allogeneic cells and tissue, announced that it has enrolled the first patient in a study titled A Prospective, Multi-Center Study Evaluating ProChondrix® CR for the Repair of Focal Articular Cartilage Defects in the Knee. and In January 2019, Bioventus, launched OSTEOMATRIX+, next-generation biphasic bone graft for use in bone remodeling in a variety of orthopaedic and spine applications
Key Target Audience
Orthobiologics Product Manufacturing Companies, Product Suppliers, Distributors, and Channel Partners, Hospitals and Ambulatory Care Centers, Orthopedic and Dental Clinics, Research Laboratories and CROs, Research and Academic Institutes, National and International Regulatory Authorities and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.