Press release
Ortho Biological Products Market Will Generate Record Revenue by 2029
The ortho biological products market is expected to grow at a significant CAGR of 4.3% during the forecast period. The ortho biological products market is expected to grow due to increasing incidences of sports injury, road accidents, osteoarthritis, and increasing adoption of minimally invasive surgeries. Furthermore, a global increase in the number of geriatrics and obese people is likely to drive the market. As per the information by United Nations in 2020, there are an estimated 727 million persons aged 65 years or over across the globe. Additionally, this number is anticipated to be more than double by 2050, reaching over 1.5 billion persons.The COVID-19 pandemic had impacted the global economy due to a slowdown in the manufacturing of various industries due to restrictions imposed by governmental bodies around the globe. Most of the elective surgeries have taken a back seat due to the prioritization of emergency surgeries due to the COVID-19 pandemic. Orthopedics surgery had the finest impact with the postponement of the surgeries. Many hospitals turned down ortho surgeries for more emergency surgeries. This reduced the surgeries conducted for both orthopedic surgery and biologics which adversely impacted the market.
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Ortho Biological Products Market Segmentation
By Type
Viscosupplementation
Demineralized Bone Matrices (DBM)
Bone Morphogenic Protein (BMP)
Allografts
Others (Machined Bones, Plasma-rich Protein)
By Application
Osteoarthritis and Degenerative Arthritis
Spinal Fusion
Trauma
Reconstructive Surgeries
Others (Soft-tissue Injuries)
A full Report of Ortho Biological Products Market is Available @ https://www.omrglobal.com/industry-reports/ortho-biological-products-market
Regional Analysis
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Company Profiles
Alphatec Spine, Inc.
Arthrex
Bioventus LLC
Bone Biologics Corp.
Globus Medical, Inc.
Integra LifeSciences Corp.
MTF Biologics
Orthofix Medical Inc.
Pioneer Surgical Technology
RTI Surgical, Inc.
Seikagaku Corp.
Smith & Nephew Global Group
Stryker
Zimmer Biomet
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