Orthobiologics Market Projected to Gain Significant Value through 2023 to 2033
The orthobiologics market is anticipated to thrive at an average CAGR of 3.0% between 2023 and 2033. The market is estimated to reach US$ 8.1 billion by 2033 while it is valued at US$ 6 billion in 2023.
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The precision-based
orthobiologics products that provide ease to the patient with pain relief and
bone strength are in high demand.
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The use of orthobiologics as a regenerative
medicine along with effective treatment is making it the first alternative for
the patient with bone injury.
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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.
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Severe
accidents lead to fatal injuries and bone displacements. Orthobiologics
products and regenerative medicines work on these issues and deliver relief to
the patient.
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The
government investment in regenerative medicines and orthobiologic products is
helping the market thrive.
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Advent
of advanced bone grafting parameters and medicine with lower side effects are
booming the orthobiologics market and making it more future-oriented.
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.
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More Details@ https://www.futuremarketinsights.com/reports/orthobiologics-market
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
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