The ortho biological products market is expected to grow at a significant CAGR of 4.3% during the forecast period. The ortho biological products market is expected to grow due to increasing incidences of sports injury, road accidents, osteoarthritis, and increasing adoption of minimally invasive surgeries. Furthermore, a global increase in the number of geriatrics and obese people is likely to drive the market. As per the information by United Nations in 2020, there are an estimated 727 million persons aged 65 years or over across the globe. Additionally, this number is anticipated to be more than double by 2050, reaching over 1.5 billion persons.
The COVID-19 pandemic had impacted the global economy due to a slowdown in the manufacturing of various industries due to restrictions imposed by governmental bodies around the globe. Most of the elective surgeries have taken a back seat due to the prioritization of emergency surgeries due to the COVID-19 pandemic. Orthopedics surgery had the finest impact with the postponement of the surgeries. Many hospitals turned down ortho surgeries for more emergency surgeries. This reduced the surgeries conducted for both orthopedic surgery and biologics which adversely impacted the market.
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Ortho Biological Products Market Segmentation
By Type
- Viscosupplementation
- Demineralized Bone Matrices (DBM)
- Bone Morphogenic Protein (BMP)
- Allografts
- Others (Machined Bones, Plasma-rich Protein)
By Application
- Osteoarthritis and Degenerative Arthritis
- Spinal Fusion
- Trauma
- Reconstructive Surgeries
- Others (Soft-tissue Injuries)
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- Alphatec Spine, Inc.
- Arthrex
- Bioventus LLC
- Bone Biologics Corp.
- Globus Medical, Inc.
- Integra LifeSciences Corp.
- MTF Biologics
- Orthofix Medical Inc.
- Pioneer Surgical Technology
- RTI Surgical, Inc.
- Seikagaku Corp.
- Smith & Nephew Global Group
- Stryker
- Zimmer Biomet
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