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Orthobiologics Market Focusing on Top Companies like Globus Medical, Smith & Nephew plc, NuVasive, Stryker Corporation, Genzyme, Medtronic Plc, DePuy Synthes, Zimmer Biomet Holdings

11-15-2018 02:21 PM CET | Health & Medicine

Press release from: Polaris Market Research & Consulting

Orthobiologics Market

Orthobiologics Market

Orthobiologics are materials which originate in the human body and are used to heal injuries and wounds such as ligaments, injured muscles, and broken bones. The high amount of orthobiologics present in the body help in boosting the healing process. The earlier recovery procedure, decrease in number hospital visits, and enhanced healing processes are the welfares through which orthobiologics market is getting significant prominence. Some of the orthobiologics are stem cells, autologous blood, platelet rich plasma, bone grafts, growth factors, and autologous conditioned serum.

Increasing occurrence of fracture and injury case due to road accidents and growing geriatric population are expected to boost the orthobiologics market

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The global orthobiologics market is driven by the factors such as increasing cases of bone injuries including sports accidents and road injuries and the growing demand for orthobiologics treatments. According to World Health Organization (WHO), 2017, lethal falls due to accidents are the 2nd most important cause of fractures and/or accidental injuries globally causing approximately 640,000 individuals death cases owing to fatal injuries. Thus, growing number of accident cases demanding proper and early healing is anticipated to create a highly lucrative environment for growth of the orthobiologics market during the forecast period.

In addition, the key factors driving the growth of the global orthobiologics market are increased awareness among athletes and patients. Also, rapidly aging population along with the rise in obesity rate, and an increase in road accidents & sports injuries are another factor propelling the market significantly.

Rising geriatric population, who are highly prone to fractures and injuries due to fragile and delicate skeletal structure, is growing the occurrence of orthopaedic ailments, which in turn, would propel the growth of the orthobiologics market. According to National Institute of Health (NIH), as of 2016 approximately 617 million were aged 65 years and above across the world. The rising geriatric population demanding proper bone care is further anticipated to boost the global market growth. However, the high cost associated with the treatment is expected to become a hurdle for the growth of this market.

Global Orthobiologics Market Taxonomy:

The global orthobiologics market is segmented on the basis of product type, application, and end user.

Key players of global orthobiologics market:

Medtronic Plc
DePuy Synthes, Inc.
Zimmer Biomet Holdings, Inc.
Bone Biologics Corp
Harvest Technologies Corporation
Globus Medical, Inc.
Smith & Nephew plc.
NuVasive Inc.
Stryker Corporation
Genzyme

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About Polaris Market Research:

Polaris Market Research is a global market research and consulting company. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.

Contact us:

Mr. Neel
Corporate Sales, USA
Polaris Market Research
Phone: 1-646-568-9980
Email: neel@polarismarketresearch.com
Web: https://www.polarismarketresearch.com/

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