Product ID: SQMIG35D2070
Global Orthobiologics Market Size, Share, Growth Analysis, By Product(Demineralized Bone Matrix (DBM), Allograft), By Application(Spinal Fusion, Trauma Repair), By End-Use(Hospitals, Ambulatory Surgical Centers & Orthopedic Clinics) - Industry Forecast 2024-2031
Report ID:
SQMIG35D2070 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
92 |
Figures:
76
Global Orthobiologics Market Dynamics
Orthobiologics Market Driver
Viscosupplements are in high demand to support the market.
- One of the main issues affecting the elderly population is knee osteoarthritis, which is extensively treated with viscosupplements. Hyaluronic acid injections known as viscosupplements are given right into the joints. High product costs, new manufacturer entrants, and recent marketing approvals are the major variables linked to the expansion of viscosupplements segments. Additionally, the viscosupplements segments are benefiting from better reimbursement policies. Given the aforementioned aspects, it is projected that the increased demand for viscosupplements will propel the growth of the worldwide orthobiologics market during the forecast period.
Increase in incidences of disease and disorders
- It is projected that the market for orthobiologics would grow as a result of the rise in spinal diseases and disorders. Additionally, the frequency of traffic accidents is also predicted to increase the market.
Orthobiologics Market Restraints
Patient’s preference of treatment over invasive procedures.
- It is predicted that the growing patient desire for minimally invasive procedures will restrain the expansion of the orthobiologics market. The market for orthobiologics may face additional difficulties in the near future due to the negative effects of Bmp-based therapy.
Surging prices for orthobiologics-based treatments.
- It is also estimated that the rise in the price of orthobiologics-based treatments may restrain the market's expansion throughout the forecast period. The market is constrained by complex synthesis procedures, manufacturing regulations, and high production prices. Orthobiologics goods and treatments have high costs and insufficient reimbursements, which are additional key issues limiting this market's growth. One of the major obstacles to the expansion of the global orthobiologics market is the high cost of orthobiologics treatments and products.
Global Orthobiologics Market Report Snapshots
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