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Orthobiologics Market Share

Report ID: GMI9311
Published Date: Apr 2024
Report Format: PDF

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Orthobiologics Market Share

The orthobiologics industry is characterized by intense competition, with numerous large multinationals and smaller companies competing for key positions in the market. Key market strategies for manufacturers in this sector include continuous development and introduction of novel orthobiologic products that offer enhanced efficiency, patient comfort, and cost-effectiveness. This focus on innovation drives competitiveness and ongoing advancements, ensuring that orthobiologic treatments remain at the forefront of medical technology.

Orthobiologics Companies

Some of the eminent market participants operating in the orthobiologics industry include:

Anika Therapeutics, Inc.
Arthrex Inc.
Bioventus LLC
Depuy Synthes (JnJ)
Globus Medical Inc.
Medtronic PLC
NuVasive Inc.
Orthofix Medical Inc.
RTI Surgical
Seaspine Holdings Corporation
Stryker Corporation
Zimmer Biomet

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Orthobiologics market size was valued at USD 6.8 billion in 2023 and is estimated to grow at 5.7% CAGR from 2024 to 2032, driven by the increasing prevalence of orthopedic disorders.

The hospitals and orthopedic clinics segment in the orthobiologics industry will generate USD 7.6 billion by 2032, due to the strong need for handling joint reconstruction devices, spinal fusion devices, and soft tissue repair.

North America orthobiologics market size accounted for USD 3 billion in revenue in 2023, owing to the prevalence of individuals participating in sports and physical activities and higher incidence of sports-related injuries.

Anika Therapeutics, Inc., Arthrex Inc., Bioventus LLC, Depuy Synthes (JnJ), Globus Medical Inc., Medtronic PLC, NuVasive Inc., Orthofix Medical Inc., RTI Surgical, Seaspine Holdings Corporation, Stryker Corporation and Zimmer Biomet