Orthobiologics Market Revenue To Cross USD 13.8 Bn By 2031 | Transparency Market Research

Orthobiologics Market Revenue To Cross USD 13.8 Bn By 2031 | Transparency Market Research

The growth of the global orthobiology market is driven by rising healthcare costs and increasing awareness of the benefits of early diagnosis and treatment of bone diseases and increasing sports injuries.

Wilmington, Delaware, USA, April 18, 2023 (GLOBE NEWSWIRE) -- The global organic products market size is expected to reach USD 8.4 billion in 2022 and is expected to exceed USD 13.8 billion by 2031 . In 2023-2031, the global market is likely to grow by an average of 5.5%.

The global orthobiology market is projected to drive growth in the prevalence of bone diseases from 2023 to 2031. The global market is expanding as a result of the emergence of new, technologically advanced products.

Download Examples of Market Movers and Issues Affecting Orthobiology: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1747

Market growth is expected to be driven by increased healthcare spending and better understanding of the benefits of early diagnosis and treatment of bone problems. In addition, the growing popularity of bone grafts, including xenografts and allografts, as well as bone marrow aspirate concentrate (BMAC) and platelet-rich plasma (PRP) in developing countries is expected to drive the growth of the industry.

Orthobiologists are often used in conjunction with conventional orthopedic treatments, including surgery and physical therapy, to speed healing and shorten recovery time for musculoskeletal injuries, rehabilitation medicine, and other orthopedic conditions.

Orthobiology offers many advantages over traditional methods of treating sports injuries. Stem cells, for example, can help repair and regenerate tissue and have the ability to develop into many different types of cells. Growth factors that can speed healing and reduce inflammation are found in platelet-rich plasma (PRP). These biologic molecules can be injected directly into wounds, speeding healing and eliminating the need for invasive surgery. Many studies have demonstrated the effectiveness of orthobiology in the treatment of sports injuries.

Arthritis, a leading cause of disability worldwide, interferes with daily activities, work, and social and recreational activities. Additionally, arthritis has a major economic impact, with direct medical costs and lost productivity estimated in the billions of dollars each year.

The World Health Organization (WHO) estimates that 10-15% of people in the world suffer from arthritis. The equivalent number of people in the world is between 700 million and 1 billion. A number of variables, including lifestyle, genetics, age, and even environmental factors, influence the prevalence of arthritis, which varies by region. The increasing incidence of chronic arthritis is expected to increase business opportunities in the global orthobiological market.

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Key findings from the market report

  • By 2022, the viscofilling segment will become a global industry leader. Hyaluronic acid (HA) is injected into the joint space to lubricate and soothe damaged joints. This procedure is known as viscosification.

  • In terms of applications, the spinal fusion segment holds a significant market share in 2022. Orthobiology has been increasingly used in spinal fusion surgery in recent years as it has been shown to improve patient outcomes and reduce the need for surgery.

Gardening market . growth factor

  • Sports injuries are quite common among athletes and physically active people. These injuries range in severity from minor strains and sprains to ligament tears and fractures. Orthobiology, a potential medical field for the treatment of sports injuries, involves biological components including platelet-rich plasma, growth factors, and stem cells. The increasing number of sports injuries is one of the major factors having a positive impact on the global horticulture market.

  • According to forecasts, the increase in the number of chronic arthritis patients will drive business growth in the near future. Orthobiologics are biologic compounds that help speed recovery from musculoskeletal injury or disease. Natural sources, such as blood, cartilage, or bone, or synthetic sources, such as chemical syntheses, can be used to produce these compounds.

Global orthobiology market . Regional landscape

  • By 2022, North America accounts for a significant share of the global orthopedics market. The market in the region is projected to grow at a high CAGR over the period 2023 to 2031. This is due to an increase in orthopedic injuries and diseases. In the United States alone, the CDC estimates that 54 million people have some form of arthritis, and that number is projected to increase to 78 million by 2040. The demand for orthobiological products such as substitutes for bone grafts used in surgical procedures such as the spine. fusion joint reconstruction, has increased due to the increasing prevalence of orthopedic disease.

Vegetable market . major players

  • Seikagaku Corporation

  • Global Medical, Inc.

  • Alphatec Spine, Inc.

  • Exactech, Inc.

  • Zimmer Biomets

  • Healthy orthopedics

For an in-depth competitive analysis, purchase this report now at https://www.transparencymarketresearch.com/checkout.php?rep_id=1747&ltype=S .

Gardening market . segmentation

Product:

  • Allograft

  • Xenograft

  • Synthetic bone grafting

  • Demineralized Bone Matrix (DBM)

  • Viscofilling

  • Platelet Rich Plasma (PRP)

  • Bone marrow aspirated concentrate (BMAC)

Use:

Last user

  • HOSPITAL

  • orthopedic clinic

Market

  • North America

  • Latin America

  • Europe

  • Asia Pacific Region

  • Middle East and Africa

Market research information for transparency

Transparency Market Research, a global market research firm based in Wilmington, Delaware, USA, provides customized research and consulting services. Companies study the factors that shape demand dynamics in various markets. Market insights and perspectives assess opportunities in various segments. Opportunities are segmentally analyzed on the basis of sources, applications, demographics, sales channels and end use, which will drive market growth over the next decade.

Our unique combination of quantitative forecasting and trend analysis provides deep insights to thousands of decision makers through an expert team of analysts, researchers and consultants. Our own data sources and the tools and methods we use always reflect the latest trends and information. With extensive research and analysis capabilities, Transparency Market research uses strict primary and secondary research methods in all of its business reports.

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