Orthobiological Products Market: In-Depth Market Research Report 2012 - 2018

The global orthobiological products market is expected to grow to $15.3 billion by the year 2022 as a result of tremendous growth in the medical devices industry mainly due to increase in aging population. Growth of orthobiological products is driven by increasing awareness towards adoption of orthobiologics, development in technology, and increasing number of orthopedic related procedures.

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As population continues to grow, there is simultaneous rise in aging population which is contributing to the growth of the orthobiological products industry as need for orthopedic procedures is greater in such elderly population. Other factors driving the growth of this market include increasing number of obese patients with rising levels of osteoarthritis and rheumatoid arthritis and patients with need for cartilage repair procedures. Also, there are increasing occurrences of diseases like diabetes which is leading to slower bone and tissue healing, thus resulting in increasing numbers of trauma and sports related injuries.

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Orthopedic surgery was limited to metal and screw implants to repair the fractured and damages bones, however, development in technology has propelled the field of orthopedics with the newer alternatives that are offering better comfort and durability.

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Orthobiologics involves use of biology and biochemistry in development of bone and tissue replacement materials. This is the fastest growing segment of the orthopedic industry as it has provided alternatives for traditional bone and tissue repairs offering better durability. Orthobiologics is helping in increasing the strength and ability of repair and decreases the length of the postoperative period.

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