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Orthobiologics Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 To 2029

  • ID: 5295028
  • Report
  • February 2021
  • Region: Global
  • 100 pages
  • Acute Market Reports

FEATURED COMPANIES

  • DePuy Synthes
  • Globus Medical Inc.
  • Medtronic plc
  • NuVasive Inc.
  • RTI Surgicals
  • Stryker Corporation
Industry Outlook

The global orthobiologics market to reach US$ 9.6 billion in 2029 and projected to exhibit a compound annual growth rate (CAGR) of 5.7% during the forecast period from 2021 to 2029. Orthobiologics are cellular therapy and biologics used to treat or manage certain orthopedic disorders. They include bone void fillers, recombinant growth factors, platelet rich plasma (PRP), autologus conditioned serum, stem cells and grafts. Orthopedic disorders are often treated or managed with medicines and physiotherapy, but may not be effective and surgeries may not be indicated. In such cases orthobiologics are recommended to the patients. Orthobiologics has witnessed increased innovation in the last twenty years. They are administered through injections or surgery. Intensive research has proved the effectiveness of orthobiologics in healing musculoskeletal injuries, ligament repair, bone regeneration and other orthopedic ailments. PRP for instance has been effective in treating sports injuries and tendonopathies in adults. Over 2 million people in the U.S. alone suffer from cartilage issues. According to Centers for Disease Control and Prevention (CDC), more than 3.5 million children below age 14 receive medical treatment for sports injuries each year in the U.S. Similarly sports injuries are increasing and available targeted solutions are driving the demand for orthobiologics market.

orthobiologics-market.PNG

The onset of Covid-19 has impacted the healthcare market significantly. Most of the elective surgeries have taken a back seat due to prioritization of emergency surgeries. To the already burdened healthcare infra and resources, the pandemic has just added to it. Orthopedics surgery had the largest impact with postponement of the surgeries. Many hospitals turned down the ortho surgeries for more emergency surgeries. This reduced the surgeries conducted for both orthopedic surgery and the biologics. The report analyses the impact of covid 19 on the market revenues, micro and macro factor of the orthobiologics market. As orthobiologics is still emerging the price remains higher in comparison to conventional invasive therapies. Additionally, many countries do not cover or provide limited insurance for the same. This is hindering the market growth especially in developing economies.

Orthobiologics Addressing Key Issues in Orthopedics Management

The number of people aged 60 years and above has tripled since 1950. It is estimated that senior and geriatric population will reach 2.1 billion by 2050. These figures have raised the demand for orthopedics treatment in general and osteoarthritis and degenerative arthritis in specific. Patients suffering from severe pain and mobility issues are prescribed with drugs and steroids that have side effects in long term use. The patients are being more aware of these side effects. Osteoarthritis contributes to the highest demand for orthobiologics in 2019, due to increasing prevalence rate, increasing geriatric population and need for effective solution other than drugs. Highest potential is identified in spinal fusion segment that is exhibiting the fastest growth during the forecast period on 2021 to 2029. Minimally invasive surgeries have been very effective in case of spinal surgeries assuring successful outcomes and lesser recovery time. Similarly the demand for stem cells and bone grafts has also witnessed increased demand owing to increasing number of orthopedic procedures. All the above factors are expected to widen the scope of orthobiologics in the field of orthopedic care.

North America to Remain As the Global Revenue Leader

North America contributed to the largest share in global orthobiologics market in 2019. The largest share for NA is attributed to multiple factors such as well established healthcare infrastructure, accessibility to novel technologies, increase in R&D, increasing awareness among patients withrespect to biologics and demand for minimally invasive surgeries. NA is also witnessing high prevalence rates for obesity and orthopedic degenerative ailments which is further leading to the need of increased orthopedics care. Asia Pacific region is projected to have highest CAGR during the forecast period of 2021 to 2029. Asia pacific still is in emerging phase withrespect to healthcare infrastructure, regulatory framework and R&D. However, start up includes many biopharmaceutical and medical devices companies due to lesser entry barriers in comparison to NA or Europe. The biggest offering of Asia Pacific is the low cost of surgeries, due to which medical tourism has picked up significantly. Medical tourism is a biggest revenue contributor for India, Thailand and Indonesia. Japan and China have significant potential due to large pool of patients and increasing geriatric population.

Historical & Forecast Period

This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segment calculated for the forecast period from 2021-2029.

The report details the market estimates from 2019 to 2020 and CAGR for the forecast period 2021 to 2029. Te report also supports the estimates with intensive qualitative data and market dynamics that influence the market performace of product categories and geographic regions. The key players in market that are included in the report are DePuy Synthes, Stryker Corporation, Medtronic plc, NuVasive Inc., Zimmer Biomet, Globus Medical, Inc., Orthofix Internamtional NV, Harvest Technologies Corporation, Seaspine Holdings Corporation, RTI Surgicals among others. Their key activities such as mergers and acquisitions, strategic partnerships, new product launch, R&D etc are also included in the report.

Key questions answered in this report
  • What are the key market segments in current scenario and in the future by product categories
  • What are the key market segments in current scenario and in the future by regions
  • What is the key impact of Covid 19 over market revenues and market determinants in the medical aesthetics market?
  • What are the primary and secondary macro and micro factors influencing the market growth currently and during the forecast period?
  • What are the primary and secondary macro and micro factors deterring the market growth currently and during the forecast period?
  • How to overcome the current market challenges and leverage the opportunities in each of the market segment?
  • Who are the key players in the medical aesthetics market and what are their key product categories and strategies?
  • What are the key strategies – mergers/acquisitions/R&D/strategic partnerships etc that companies are deploying to enhance market revenues and growth?
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • DePuy Synthes
  • Globus Medical Inc.
  • Medtronic plc
  • NuVasive Inc.
  • RTI Surgicals
  • Stryker Corporation
Chapter 1. Preface
1.1. Report Description
1.1.1. Study Purpose
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Assumptions
1.4. Market Segmentation

Chapter 2. Executive Summary
2.1. Global Orthobiologics Market Portraiture
2.2. Global Orthobiologics Market, by Product Type, 2019 (US$ Mn)
2.3. Global Orthobiologics Market, by Application, 2019 (US$ Mn)
2.4. Global Orthobiologics Market, by Geography, 2019 (US$ Mn)
2.5 Impact of Covid 19 on Market Revenues and Growth Rate

Chapter 3. Orthobiologics: Market Dynamics and Outlook
3.1. Market Overview
3.2. Drivers
3.3. Challenges
3.4. Opportunities
3.5. Attractive Investment Proposition, by Geography, 2019
3.6. Competitive Analysis: Global Orthobiologics Market, by Key Players, 2019

Chapter 4. Global Orthobiologics Market, by Product Type, 2019-2029 (US$ Mn)
4.1. Overview
4.2. Viscosupplementation Products
4.3. Demineralized Bone Matrices
4.4. Synthetic Orthobiologics
4.5. Bone Morphogenic Protein
4.6. Allografts
4.7. Plasma-Rich Protein
4.8. Bone Marrow Aspirate Concentrate

Chapter 5. Global Orthobiologics Market, by Application, 2019-2029 (US$ Mn)
5.1. Overview
5.2. Osteoarthritis and Degenerative Arthritis
5.3. Spinal Fusion
5.4. Soft-Tissue Injuries
5.5. Fracture Recovery
5.6. Maxillofacial and Dental Applications

Chapter 6. Global Orthobiologics Market, by Geography, 2019-2029 (US$ Mn)
6.1. North America Orthobiologics Market Analysis, 2019-2029
6.1.1. North America Orthobiologics Market, by Product Type, 2019-2029 (US$ Mn)
6.1.2. North America Orthobiologics Market, by Application, 2019-2029 (US$ Mn)
6.1.3. North America Orthobiologics Market, by Country, 2019-2029 (US$ Mn)
6.1.3.1. U.S.
6.1.3.2. Canada
6.2. Europe Orthobiologics Market Analysis, 2019-2029
6.2.1. Europe Orthobiologics Market, by Product Type, 2019-2029 (US$ Mn)
6.2.2. Europe Orthobiologics Market, by Application, 2019-2029 (US$ Mn)
6.2.3. Europe Orthobiologics Market, by Country, 2019-2029 (US$ Mn)
6.2.3.1. U.K.
6.2.3.2. Germany
6.2.3.3. Rest of Europe
6.3. Asia Pacific Orthobiologics Market Analysis, 2019-2029
6.3.1. Asia Pacific Orthobiologics Market, by Product Type, 2019 - 2029 (US$ Mn)
6.3.2. Asia Pacific Orthobiologics Market, by Application, 2019 - 2029 (US$ Mn)
6.3.3. Asia Pacific Orthobiologics Market, by Country, 2019-2029 (US$ Mn)
6.3.3.1. China
6.3.3.2. Japan
6.3.3.3. India
6.3.3.4. Rest of Asia Pacific
6.4. Latin America Orthobiologics Market Analysis, 2019-2029
6.4.1. Latin America Orthobiologics Market, by Product Type, 2019-2029 (US$ Mn)
6.4.2. Latin America Orthobiologics Market, by Application, 2019-2029 (US$ Mn)
6.4.3. Latin America Orthobiologics Market, by Country, 2019-2029 (US$ Mn)
6.4.3.1. Brazil
6.4.3.2. Mexico
6.4.3.3. Rest of Latin America
6.5. Middle East & Africa Orthobiologics Market, 2019-2029
6.5.1. Middle East & Africa Orthobiologics Market, by Product Type, 2019-2029 (US$ Mn)
6.5.2. Middle East & Africa Orthobiologics Market, by Application, 2019-2029 (US$ Mn)
6.5.3. Middle East & Africa Orthobiologics Market, by Country, 2019-2029 (US$ Mn)
6.5.3.1. GCC
6.5.3.2. Rest of Middle East & Africa

Chapter 7. Company Profiles
7.1. Depuy Synthes (A Subsidiary of Johnson & Johnson)
7.1.1. Business Description
7.1.2. Financial Information (Subject to Data Availability)
7.1.3. Product Portfolio
7.1.4. News Coverage
7.2. Arthrex Inc.
7.3. Bioventus LLC
7.4. Globus Medical Inc.
7.5. Harvest Technologies Corporation (A Terumo Bct Company)
7.6. K2M Group Holdings Inc.
7.7. Kuros Biosciences Ltd.
7.8. Medtronic PLC
7.9. Nuvasive Inc.
7.10. Orthofix International NV
7.11. RTI Surgical Inc.
7.12. Stryker Corporation
7.13. Zimmer Biomet
7.14. Seaspine Holdings Corporation

List of Figures
Figure 1. Orthobiologics Market: Research Methodology
Figure 2. Orthobiologics: Market Segmentation
Figure 3. Global Orthobiologics Market, by Product Type, 2019 (US$ Mn)
Figure 4. Global Orthobiologics Market, by Application Type, 2019 (US$ Mn)
Figure 5. Global Orthobiologics Market, by Geography, 2019 (US$ Mn)
Figure 6. Attractive Investment Proposition, by Geography, 2019
Figure 7. Competitive Analysis: Global Orthobiologics Market, by Key Players, 2019
Figure 8. Global Viscosupplementation Products Market, 2019-2029(US$ Mn)
Figure 9. Global Demineralized Bone Matrices Market, 2016-2026(US$ Mn)
Figure 10. Global Synthetic Orthobiologics Market, 2016-2026(US$ Mn)
Figure 11. Global Bone Morphogenic Protein Market, 2016-2026(US$ Mn)
Figure 12. Global Allografts Market, 2016-2026(US$ Mn)
Figure 13. Global Plasma-Rich Protein Market, 2016-2026(US$ Mn)
Figure 14. Global Bone Marrow Aspirate Concentrate Market, 2016-2026(US$ Mn)
Figure 15. Global Orthobiologics Market for Osteoarthritis and Degenerative Arthritis, 2019-2029(US$ Mn)
Figure 16. Global Orthobiologics Market for Spinal Fusion, 2016-2026(US$ Mn)
Figure 17. Global Orthobiologics Market for Soft-Tissue Injuries, 2019-2029(US$ Mn)
Figure 18. Global Orthobiologics Market for Fracture Recovery, 2019-2029(US$ Mn)
Figure 19. Global Orthobiologics Market for Maxillofacial and Dental Applications, 2019-2029(US$ Mn)
Figure 20. U.S. Orthobiologics Market, 2019-2029(US$ Mn)
Figure 21. Canada Orthobiologics Market, 2019-2029(US$ Mn)
Figure 22. U.K. Orthobiologics Market, 2019-2029(US$ Mn)
Figure 23. Germany Orthobiologics Market, 2019-2029(US$ Mn)
Figure 24. Rest of Europe Orthobiologics Market, 2019-2029(US$ Mn)
Figure 25. China Orthobiologics Market, 2019-2029(US$ Mn)
Figure 26. Japan Orthobiologics Market, 2019-2029(US$ Mn)
Figure 27. South Korea Orthobiologics Market, 2019-2029(US$ Mn)
Figure 28. Rest of Asia Pacific Orthobiologics Market, 2019-2029(US$ Mn)
Figure 29. Brazil Orthobiologics Market, 2019-2029(US$ Mn)
Figure 30. Mexico Orthobiologics Market, 2019-2029(US$ Mn)
Figure 31. Rest of Latin America Orthobiologics Market, 2019-2029(US$ Mn)
Figure 32. GCC Orthobiologics Market, 2019-2029(US$ Mn)
Figure 33. Rest of Middle East & Africa Orthobiologics Market, 2019-2029(US$ Mn)

List of Tables
Table 1 Global Orthobiologics Market Portraiture
Table 2 Global Orthobiologics Market, by Product Type, 2019-2029(US$ Mn)
Table 3 Global Orthobiologics Market, by Application, 2019-2029(US$ Mn)
Table 4 Global Orthobiologics Market, by Geography, 2019-2029(US$ Mn)
Table 5 North America Orthobiologics Market, by Product Type, 2019-2029(US$ Mn)
Table 6 North America Orthobiologics Market, by Application, 2019-2029(US$ Mn)
Table 7 North America Orthobiologics Market, by Country, 2019-2029(US$ Mn)
Table 8 Europe Orthobiologics Market, by Product Type, 2019-2029(US$ Mn)
Table 9 Europe Orthobiologics Market, by Application, 2019-2029(US$ Mn)
Table 10 Europe Orthobiologics Market, by Country/Region, 2019-2029(US$ Mn)
Table 11 Asia Pacific Orthobiologics Market, by Product Type, 2019-2029(US$ Mn)
Table 12 Asia Pacific Orthobiologics Market, by Application, 2019-2029(US$ Mn)
Table 13 Asia Pacific Orthobiologics Market, by Country/Region, 2019-2029(US$ Mn)
Table 14 Latin America Orthobiologics Market, by Product Type, 2019-2029(US$ Mn)
Table 15 Latin America Orthobiologics Market, by Application Type, 2019-2029(US$ Mn)
Table 16 Latin America Orthobiologics Market, by Country/Region, 2019-2029(US$ Mn)
Table 17 Middle East & Africa Orthobiologics Market, by Product Type, 2019-2029(US$ Mn)
Table 18 Middle East & Africa Orthobiologics Market, by Application, 2019-2029(US$ Mn)
Table 19 Middle East & Africa Orthobiologics Market, by Region, 2019-2029(US$ Mn)
Table 20 Depuy Synthes (A Subsidiary of Johnson & Johnson): Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
Table 21 Arthrex Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
Table 22 Bioventus LLC: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
Table 23 Globus Medical Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
Table 24 Harvest Technologies Corporation (A Terumo Bct Company): Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
Table 25 K2M Group Holdings Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
Table 26 Kuros Biosciences Ltd.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
Table 27 Medtronic PLC: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
Table 28 Nuvasive Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
Table 29 Orthofix International NV: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
Table 30 RTI Surgical Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
Table 31 Stryker Corporation: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
Table 32 Zimmer Biomet: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
Table 33 Seaspine Holdings Corporation: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
Note: Product cover images may vary from those shown
  • DePuy Synthes
  • Stryker Corporation
  • Medtronic plc
  • NuVasive Inc.
  • Zimmer Biomet
  • Globus Medical Inc.
  • Orthofix Internamtional NV
  • Harvest Technologies Corporation
  • Seaspine Holdings Corporation
  • RTI Surgicals
Note: Product cover images may vary from those shown
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