With its cutting-edge products that capitalise on the body’s natural healing processes, the orthobiologics market size has developed into a significant player in the orthopaedic care sector. The use of biological agents, such as stem cells, growth factors, and tissue grafts, to encourage tissue repair, regeneration, and healing is known as orthobiologics. Giving patients choices that promote healing and reduce the need for traditional surgical interventions has revolutionised the way orthopaedic treatments are provided.
One of the primary attractions of orthobiologics lies in its ability to tap into the body’s inherent capacity to heal itself. By leveraging biological agents derived from the patient’s own body or other sources, orthobiologics interventions promote accelerated healing, improved tissue regeneration, and reduced inflammation. This results in faster recovery times and enhanced patient outcomes, ultimately leading to improved quality of life.
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During the forecast period, the orthobiologics market is expected to grow at a CAGR of 3.0%. In 2023, the market is worth US$ 6.0 billion, and by 2033, it is expected to be worth US$ 8.1 billion.
- The precision-based orthobiologics products that provide ease to the patient with pain relief and bone strength are in high demand.
- The use of orthobiologics as a regenerative medicine along with effective treatment is making it the first alternative for the patient with bone injury.
- Rapid growth of the geriatric population, increasing rate of age-related fractures, and increasing implementations of advanced procedures are expected to drive the market growth.
- Severe accidents lead to fatal injuries and bone displacements. Orthobiologics products and regenerative medicines work on these issues and deliver relief to the patient.
- The government investment in regenerative medicines and orthobiologic products is helping the market thrive.
- Advent of advanced bone grafting parameters and medicine with lower side effects are booming the orthobiologics market and making it more future-oriented.
Key Points :
- The United States market leads the market in terms of market share. It is likely to cross a value of 2.8 billion by 2033. The regional market is expected to thrive at a CAGR of 3.2% between 2023 and 2033.
- The Indian market is leading in terms of CAGR. It thrives at a CAGR of 6.6% during the forecast period. The market is likely to reach US$ 28.7 million by 2033.
- The bone graft substitute is expected to thrive in the product type category as it is an alternative to healing the fracture bones quickly. It is expected to register a CAGR of 3.5% during the forecast period.
- The hospital segment tops the end user tally with a CAGR of 9.1% between 2023 and 2033, due to increasing substitute treatment procedures.
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Competitive Landscape :
The key players focus on delivering a long range of products that help each patient individually. Furthermore, the advanced regenerative technique is helping a huge population suffering from bone injuries and fractures. The companies also merge, acquire, and partner with other companies to increase the supply chain and distribution channel. The key players in the market include Medtronic, Zimmer Biomet, DePuy Synthes (Johnson & Johnson Services, Inc., Stryker, Anika Therapeutics, Inc, SeaSpine, Bioventus, RTI Surgical, MTF Biologics, Arthrex, Inc, and Smith & Nephew.
Recent Development:
- Collagen Matrix Inc. has introduced a full line of quality collagen and mineral-based pharmaceutical products to support the human body’s natural ability to regenerate. The research is based on tissue learning.
- Bioventus is a company focused on pain treatment products and has launched innovative products for active healing along with therapies for orthopedic care. The company is also engaged in restorative therapies products for fracture treatment and surgical solutions.
Key Segments :
By Product Type:
- Bone Growth Stimulators (BGS)
- Non-invasive Electrical BGS
- Invasive Electrical BGS
- Ultrasound BGS
- Viscosupplements
- Single Injection Viscosupplements
- Three Injection Viscosupplements
- Five Injection Viscosupplements
- Bone Graft Substitute
- Allografts
- Synthetics
- Xenografts
- Bone Morphogenetic Protein
By End User:
- Hospitals
- Ambulatory Surgical Centres
- Orthopaedics Clinics
By Region:
- North America
- Latin America
- Europe
- Asia Pacific (APAC)
- Middle East & Africa (MEA)
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Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
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