Global Orthobiologics Market: Global Demand Analysis & Opportunity Outlook 2027

The report titled “Global Orthobiologics Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the global Orthobiologics market in terms of market segmentation by solutions, by application, by end-user industries  and by regions.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

The global orthobiologics market is segmented by solutions into bone graft substitutes and visco-supplementation; by application into spinal fusion, trauma repair and reconstructive surgery; by end-user industries into hospitals and clinics and by regions. Orthobiologics Market is anticipated to mask a CAGR of 5.9% during the forecast period i.e. 2018-2027.

Currently the global orthobiologics market is observing vibrant growth on account of increasing demand of cost and time efficient in the market. Advancements in orthobiologics industry in the past few years and growing healthcare explorations are projected to drive orthobiologics market during the forecast period. Additionally, increasing demand for meniscal repair and replacement solutions in growing geriatric population is driving the orthobiologics market rapidly.

As an innate nature of adopting advancements in their nascent stage of development and use and with a well-developed healthcare sector across the region, North America is panned to observe substantial Orthobiologics Market growth due to rising Orthobiologics usage.

North America is estimated to be followed by Asia Pacific in terms of consumption due to expanding orthobiologics requirements with increasing shift of the present population towards sedentary lifestyle. Europe is expected to drive demand and positively impact orthobiologics market growth over the forecast period on account of increasing orthobiologics application for out-patient surgical procedures.

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Growing Applications due to Sedentary Lifestyle

Global healthcare industry is booming on the account of increasing awareness about efficient healthcare solutions and rising disposable income. The massive growth of healthcare industry in the developing regions is growing the orthobiologics market all over.  Increasing geriatric population with increasing adoption of sedentary lifestyle in the present population is attributed to contribute significantly in the growth of orthobiologics market over the forecast period.

Increase in R&D Activities

Increasing research expenditure on orthopedic biologic solutions signals promising growth of orthobiologics in the upcoming years. A wide range of pipeline products are expected to get penetration into the orthobiologics market on account of growing number of industry-institution collaborations.

However, stringent regulatory standards associated to new research solutions and complex pavement of forging the way of new orthobiologics solutions due to variable cost constraints association is expected to serve as the leading factors in the slowing down of the orthobiologics market over the forecast period across the developing regions.

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”

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In Q4 2021, USA current-account deficit widened stood at $224.8 billion. However, in Q1 22, CAD rose by 29.6%, reached to $291.4 billion, adding $66.6 billion to the gap. Export of good and services increased by $25.7 billion to reach $1.03 trillion in the first quarter of 2022. However, goods and services deficit was $79.6 billion in June, down $5.3 billion from $84.9 billion in May, revised- reflecting some sight of relief. On the other hand, annual inflation rate in the country hit 8.5%. Energy CPI surged by 32.9% in July 2022, inflating the cost of logistic and some signs to disrupt supply chain whilst electricity cost upsurged by 15.2%, highest since Feb 2006. Apart from that, In July 2022, existing US home sales declined 5.9% to 4.81 million (seasonally adjusted annual rate), the lowest since May of 2020 and below market expectations of 4.89 million. As mortgage rate touches to peak 6%, sales for houses declined for a sixth consecutive month. Global energy crises to remain at focal point, pushing consumers to spend less on the products and services and save more.

On the other hand, the worst is expected to be seen in the European countries especially during 2022 winters. The energy and gas crises has already started grappling the region where in many Western European countries including Germany is looking for coal fired solutions to tackle the gas supply shortage, created by Russian-Ukraine conflict.

Amidst global concerns, market players have started looking for safe investments by holding on to the new technology and product launches. Factors like currency translation, disruption in global supply chain, Anti-China sentiments brewing across the globe, slowdown in Chinese economy, inflated products prices, USD getting stronger every week, decreasing purchasing power and strict measures taken by central banks/institutions across the world to ensure less spending and more saving, could hit the demand for the product and service badly in near future.

Healthcare Companies and Private Service Providers to have a minimal damage Caused by Inflation:

As US govt. remains committed to quality by spending more in the Medicaid and Medicare programs, incentives by govt. to medical devices, pharma companies and biotech to benefit the market players in short and long term goals. In 2021, U.S. spent $12,318/person on healthcare- highest amongst all OECD countries followed by Germany at $7,383. The federal government commitment towards healthcare systems to enable market players expanding their revenues and mitigating the risk posed by the inflation.

This report also provides the existing competitive scenario of some of the key players of the global Orthobiologics market which includes company profiling of Medtronic, Genzyme, DePuy, Stryker, Zimmer, Biomet, Smith & Nephew, Synthes, K2M and Wright medical technology, Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global Orthobiologics market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.   

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”

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