ALBANY,
New York, August 19, 2014 – In its latest report, Transparency
Market Research, a U.S.-based market intelligence firm states that
the global orthobiologics market is estimated to be worth $ 5,519.9
million by the end of 2019. The report, titled ‘Orthobiologics
Market (Allografts, Viscosupplements, DBM, BMP, Stem Cell and Others)
- Global Industry Analysis, Size, Share, Growth, Trends and Forecast,
2013 - 2019,’also states that the market for orthobiologics across
the world was worth $3,745.6 million in 2012 and will grow at a
compound annual growth rate (CAGR) of 5.9% in the forecast period.
To
browse through the ToC or purchase the market report on
orthobiologics, please visit:
http://www.transparencymarketresearch.com/orthobiologics-market.html
http://monaleeblog.wordpress.com/2014/09/11/global-orthobiologics-market-is-expected-to-reach-usd-130-billion-in-2018-transparency-market-research/
Nearly
half of the population aged 50 years and above is afflicted by bone
and joint disorders, and this number is expected to almost double by
the year 2020. This has and will continue to increase the demand for
orthobiologics. Other factors which have fueled the growth of the
orthobiologics market are technological advances, declining usage of
allografts and autografts in orthopedic procedures, change in
lifestyle, increase in obesity cases, and rise in sports activities
and sports injuries.
However,
the strict regulatory requirements and lack of reimbursement are
expected to restrain market growth.
According
to the report, the market for orthobiologics can be segmented on the
basis of products, applications, and geography.
- Product: The various product types of orthobiologics include machined bones, allografts, bone morphogenetic proteins (BMPS), demineralized bone matrix (DBM), stem cell therapy, synthetic bone substitutes, and viscosupplementation.
- Applications: The numerous applications of orthobiologics are trauma, spinal fusion, and reconstructive surgery.
- Geography: The orthobiologics industry is classified into four main regions – North America, Europe, Asia-Pacific and Rest of the World.
Among
all the products, viscosupplementatio n make up the largest share in
the market. It is comparatively more powerful and effective as a
painkiller than other pain relievers and with the number of knee
treatments on the rise, demand for viscosupplementation has gone up.
Bone morphogenetic proteins (BMPs) follow next in terms of market
share, although its growth is likely to decline during the forecast
period of 2013-2019 owing to its falling sales of INFUSE – a
Medtronic product with severe side effects. Faster recovery, lower
costs and no risk of transmission will enable stem cell based
products and synthetic bone substitutes gain significant growth in
future.
In
terms of location, North America and Europe both lead the global
market due to increasing popularity and demand for minimally invasive
surgeries such as growth factor treatment and bone grafting.
Asia-Pacific, however, is expected to witness the fastest growth rate
between 2013 and 2019.
The
TMR report profiles some of the major players and their contribution
to the global orthobiologics market. The leading companies include
Stryker Corporation, Medtronic, Inc., Wright Medical Technology,
Inc., Orthofix, Inc., NuVasive, Inc., and DePuySythes.
About
Us
Transparency
Market Research is a market intelligence company providing global
business information reports and services. Our exclusive blend of
quantitative forecasting and trends analysis provides forward-looking
insight for thousands of decision makers.
We
are privileged with highly experienced team of Analysts, Researchers
and Consultants, who use proprietary data sources and various tools
and techniques to gather, and analyze information. Our business
offerings represent the latest and the most reliable information
indispensable for businesses to sustain a competitive edge.
Contact
Transparency
Market Research
90
State Street,
Suite 700,
Albany
NY - 12207
United States
Tel: +1-518-618-1030
Suite 700,
Albany
NY - 12207
United States
Tel: +1-518-618-1030
USA
- Canada Toll Free 866-552-3453
No comments:
Post a Comment