Orthobiologics Market Is Predicted to Reach a Value of US$ 8,261.6 Mn; Rising Cases of Osteoarthritis and Orthopedic Injuries Will Encourage Growth, says Fortune Business Insights.
Visocsupplemet segment accounted for a major share of 32.1% in the global orthobiologics market in 2018 and is predicted to grow tremendously during the forecast period. Viscosupplements are doses of hyaluronic acid which are directly inserted into the joints. Viscosupplements are majorly utilized in the treatment of osteoarthritis and knee osteoarthritis, extremely common among the geriatric population. Viscosupplemets are likely to expand owing to the factors such as recent marking approvals, high product costs and the entrance of new manufacturers. In addition, favorable reimbursement guidelines for viscosupplements are also promoting the growth of viscosupplements segment.
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Market Segment Analysis
The global Orthobiologics market is segmented on the basis of the Product type market is segmented by Viscosupplements, Bone Growth Stimulators, Demineralized Bone Matrix, Synthetic Bone Substitutes, Stem Cells, Allografts. By Application Orthobiologics market segmented into Spinal Fusion, Maxillofacial & Dental, Soft Tissue Repair, Reconstructive & Fracture Surgery. Based on End User market is segmented by Hospitals, Ambulatory Surgical Centers, Speciality Clinics.
Soft Tissue Repair Segment Will Rise Eloquently with High Demand for Cartilage Repair
The orthobiologics market, on the basis of application is segmented into maxillofacial & dental, spinal fusion soft tissue repair, reconstructive& fracture surgery, and others. In 2018, spinal fusion dominated the orthobiologics market and is expected to account for major share during the forecast period owing to increasing utilization of allografts and synthetic matrices in spine surgeries. Soft tissue repair is predicted to witness high growth in the forthcoming year due to rising demand for cartilage repair. Further, the approval of Food Drug & Administration for spinal infusion in spinal surgeries is also a factor contributing considerably to the global orthobiologics market. For instance, Medtronic received FDA approval for bone infusion graft of new spine surgeries.
Key questions answered in the report:
What will the market growth rate of Orthobiologics market in 2026?
What are the key factors driving the global Orthobiologics market?
Who are the key manufacturers in Orthobiologics market space?
What are the market opportunities, market risk and market overview of the Orthobiologics market?
What are sales, revenue, and price analysis of top manufacturers of Orthobiologics market?
Who are the distributors, traders and dealers of Orthobiologics market?
What are the Orthobiologics market opportunities and threats faced by the vendors in the global Orthobiologics industry?
What are sales, revenue, and price analysis by types and applications of Orthobiologics market?
What are sales, revenue, and price analysis by regions of Orthobiologics industry?
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