Press release
Orthobiologics Global Market will Exceed $9.12 Billion By 2028 with a Projected CAGR of 6.5% | Medtronic plc, Zimmer Biomet, Arthrex Inc., NuVasive Inc., Globus Medical
Orthobiologics Market
As per the report, the orthobiologics market size has grown strongly in recent years. It will grow from $6.65 billion in 2023 to $7.08 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The orthobiologics market size is expected to see strong growth in the next few years. It will grow to $9.12 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%.
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Orthobiologics Market Growth Driven by Rising Sports Injuries and Road Accidents
The increasing number of road accidents and sports injuries is expected to propel the growth of the orthobiologics market going forward. Road accidents and sports injuries refer to incidents causing physical harm to individuals, often involving the musculoskeletal system. Road accidents and sports injuries are fueled by factors such as distracted driving, speeding, poor road conditions for accidents, overuse, improper equipment, and lack of proper training for sports injuries. Orthobiologics help in the treatment of road accidents and sports injuries by promoting faster and more effective healing of musculoskeletal tissues, reducing inflammation, and enhancing the body's natural repair processes through the use of substances such as bone grafts, growth factors, stem cells, and platelet-rich plasma. For instance, in May 2022, according to the National Highway Traffic Safety Administration, a US-based federal government agency focused on transportation safety, a 10.5% increase in motor vehicle crash fatalities was reported in 2021, estimating approximately 42,915 deaths compared to 38,824 in 2020. Therefore, the increasing number of sports injuries and road accidents will drive the orthobiologics market.
Innovative Developments in Dry Allograft Mixtures To Enhance Bone Healing and Fusion
Major companies operating in the orthobiologics market are developing advanced solutions, such as dry allograft mixtures, to enhance bone healing and fusion in orthopedic procedures. Dry allograft mixtures integrate robust cortical fibers with mineralized cortical bone, providing structural support and promoting osteoinductive properties that aid in new bone formation. For instance, in May 2024, Isto Biologics, a US-based biologics-focused company, launched Fibrant Liberty allograft, a dry allograft mixture that integrates robust cortical fibers with mineralized cortical cancellous chips. Upon hydration, the graft becomes pliable and can be customized for various surgical procedures. The longer and stronger fibers enhance handling and form an intricate network that prevents graft migration while maintaining structural integrity.
The orthobiologics market covered in this report is segmented -
1) By Product Type: Viscosupplements, Bone Growth Factors, Demeneralized Bone Matrix, Synthetic Bone Substitutes, Cellular Allograft, Other Products
2) By Application: Spinal Fusion, Maxillofacial And Dental, Soft Tissue Repair, Reconstructive And Fracture Surgery, Other Applications
3) By End User: Hospitals, Orthopedic Clinics, Ambulatory Surgery Centers , Other End Users
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Major companies operating in the orthobiologics market are Johnson & Johnson, Medtronic plc, Zimmer Biomet, Arthrex Inc., Integra Lifesciences Corporation, NuVasive Inc., Globus Medical, Bioventus, MTF Biologics, ATEC Spine Inc., Exactech Inc., SeaSpine, RTI Surgical, AlloSource, XTANT MEDICAL, Spine Wave Inc., Bone Biologics Corp., Locate Bio Limited, Wright Medical Group N.V., BoneSupport AB, Graftys, Regenexx, Acumed LLC, Baxter International Inc., LifeNet Health
Contents of the report:
1. Executive Summary
2. Orthobiologics Market Report Structure
3. Orthobiologics Market Trends And Strategies
4. Orthobiologics Market - Macro Economic Scenario
5. Orthobiologics Market Size And Growth
…..
27. Orthobiologics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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