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â€œThe emergence of advanced technology is expected to boost the Orthobiologics Market during the forecast duration,â€ commented a lead analyst at Fortune Business Insights. â€œIntroduction of a technology called 3D printed implant helps to enhance clinical outcomes by reducing the surgery time and offering better stability for orthopedic surgeries,â€ he added. This technology helps to treat tendon and spinal injuries with minimal invasions.
Orthobiologics Market2020 Global Industry Size, Growth, Share, Industry Trends and Regional Forecast to 2026 is comprehensive study on Global Orthobiologics Market published by “Fortune Business Insights”. According to report the global Orthobiologics market size is predicted to grow $8261.5 Million by 2026, exhibiting a CAGR of 4.5%during the forecast period.
An Overview of the Impact of COVID-19 on Orthobiologics Market:
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Global Orthobiologics Market Insights:
The global orthobiologics market is driven by emerging technologies in orthobiologics treatment. For instance, a technology called 3D printed implant offers better stability and significantly reduces surgery time. A global leader in orthopaedics called Tornier has launched BioFiber Surgical Mesh. This technology helps to repair ligament injuries and other muscle injuries.
Orthobiologics Industry Key Players Analyzed in Report Are:
Medtronic, Stryker, Sanofi, Zimmer Biomet, Bioventus, Sea Spine, Musculoskeletal Transplant Foundation, Wright Medical Group N.V., and RTI Surgical Holdings.
Orthobiologics Market Size, Share and Industry Analysis by Product Type (Viscosupplements, Bone Growth Stimulators, Demineralized Bone Matrix, Synthetic Bone Substitutes, Stem Cells, Allografts), By Application (Spinal Fusion, Maxillofacial and Dental, Soft Tissue Repair, Reconstructive and Fracture Surgery), By End User (Hospitals, Ambulatory Surgical Centers, Speciality Clinics), and Regional Forecast 2019-2026.
Growing geriatric population is another factor fuelling demand for orthobiologics products such as orthobiologics injections. The rising clearances for several orthobiologics products is driving the orthobiologics market during the forecast period. Other factors likely to boost the orthobiologics market include increasing demand for advanced treatment and high growth potential especially in emerging countries.
Introduction of 3D Printed Implant Technology in Orthopaedic Surgeries Triggers Growth in the Market
“The emergence of advanced technology is expected to boost the Orthobiologics Market during the forecast duration,” commented a lead analyst at Fortune Business Insights. “Introduction of a technology called 3D printed implant helps to enhance clinical outcomes by reducing the surgery time and offering better stability for orthopedic surgeries,” he added. This technology helps to treat tendon and spinal injuries with minimal invasions.
A lead analyst at Fortune Business Insights said, “Spinal fusion covered the highest share in the global orthobiologics market in 2018 owing to the rising prevalence of traumatic injuries and accidents.” “The advantages offered by orthobiologics regarding the treatment of spine-related injuries may fuel the demand for spinal fusion method,” he continued. Another application called soft tissue repair is anticipated to witness highest growth on account of escalating demand for orthobiologics in cartilage repair. Rising incidence of sports injuries is also responsible for driving the soft tissue repair segment.
Post-surgery Complications to Restrict the Growth by 2026
Mounting cost associated with orthobiologic procedures is expected to affect the market’s growth in the coming years. Moreover, post-surgery hitches witnessed by some of the orthobiology surgical centers may impede the growth and hamper the usage of orthobiologics. Also, strict regulatory approvals for orthobiologics and less number of clinical trials are some other factors that may pose a serious threat to the Orthobiologics Market.
Highlights of the Report:
In-depth analysis of various insights, namely, Orthobiologics Market trends, growth drivers, opportunities, and other related challenges.
Comprehensive details of key market players, their core competencies, and Orthobiologics Market share.
The potency of suppliers and buyers to make better business decisions.
Lists out the market size in terms of volume.
Key questions answered in the report:
Table of Content:
Definitions and Assumptions
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