BiologicsFinancial

Orthobiologics market size to increase by USD 2,638.44 million: North America will account for 41% of market growth – Technavio

NEW YORK, Jan. 24, 2023 /PRNewswire/ — The orthobiologics market by product and geography – forecast and analysis 2023-2027 report has been published by Technavio. Market growth is estimated to accelerate at a CAGR of 7.88% and register an incremental growth of USD 2,638.44 million during the forecast period. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. Download a PDF sample report

Company profiles

The orthobiologics market report includes information on the key products and recent developments of leading vendors, including:

  • Advanced Medical Solutions Group Plc: The company offers orthobiogenics solutions that include synthetic bone substitutes, collagen membranes, and bioabsorbable screws.
  • Anika Therapeutics Inc.: The company offers orthobiogenic solutions, including early intervention orthopedic care, osteoarthritis pain management, regenerative solutions, soft tissue repair, and bone-preserving joint technologies.
  • Bioventus LLC: The company offers orthobiogenics solutions that include a fully automated system, which utilizes 3-sensor technology (3ST) and one-button automation to prepare customized platelet-rich plasma (PRP) formulations.
  • Globus Medical Inc.: The company offers orthobiogenics solutions, including porous, biocompatible, and resorbable bi-phasic scaffold implants consisting of interconnected natural inorganic calcium carbonate (aragonite).
  • Integra Lifesciences Holdings Corp.: The company offers orthobiogenics solutions that include advanced stem cell allografts, bioactive bone void fillers, demineralized bone matrices, and amniotic barrier products.
  • Johnson and Johnson
  • Kuros Biosciences AG
  • Medtronic Plc
  • MTF Biologics
  • To gain access to more vendor profiles available with Technavio, buy the report!

Regional analysis

Based on region, the global orthobiologics market is segmented into North America, Europe, Asia, and the Rest of World (ROW). North America is estimated to account for 41% of the growth of the global market during the forecast period. The growth of the market in the region will be driven by factors such as the presence of a well-established healthcare system that provides high-quality orthobiologics.

Market dynamics

The market is driven by factors such as the increasing prevalence of orthopedic disorders, the increase in focus on reducing orthopedic surgeries, and the rise in approvals and clearances for orthobiologics products. However, the high costs and inadequate reimbursements for orthobiologics products and procedures are hindering the market growth.

Competitive analysis

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, among others. Request a sample

Market segmentation

  • Based on application, the market is segmented into spinal fusion, reconstructive surgery, trauma repair, and others. The spinal fusion segment accounted for the largest share of the market in 2022.
  • Based on geography, the market is segmented into North America, Europe, Asia, and the Rest of World (ROW). North America held the largest share of the market in 2022.
  • Based on product, the market is segmented into bone graft substitutes, viscosupplementation, and stem cells.

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What are the key data covered in this orthobiologics market report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the orthobiologics market between 2023 and 2027
  • Precise estimation of the size of the orthobiologics market and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across North America, Europe, Asia, and the Rest of World (ROW)
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of orthobiologics market vendors
Orthobiologics Market Scope
Report CoverageDetails
Page number169
Base year2022
Historic period2017-2021
Forecast period2023-2027
Growth momentum & CAGRAccelerate at a CAGR of 7.88%
Market growth 2023-2027USD 2,638.44 million
Market structureFragmented
YoY growth 2022-2023 (%)6.95
Regional analysisNorth America, Europe, Asia, and Rest of World (ROW)
Performing market contributionNorth America at 41%
Key countriesUS, Canada, UK, Germany, and China
Competitive landscapeLeading vendors, market positioning of vendors, competitive strategies, and industry risks
Key companies profiledAdvanced Medical Solutions Group Plc, Anika Therapeutics Inc., Bioventus LLC, Globus Medical Inc., Integra Lifesciences Holdings Corp., Johnson and Johnson, Kuros Biosciences AG, Medtronic Plc, MTF Biologics, Nuvasive Inc, Orthofix Medical Inc., OrthoPediatrics Corp., ROYAL BIOLOGICS, RTI Surgical Inc., SeaSpine Holdings Corp., Smith and Nephew plc, Stryker Corp., Xtant Medical Inc., Zimmer Biomet Holdings Inc., and Arthrex Inc.
Market dynamicsParent market analysis; market growth inducers and obstacles; fast-growing and slow-growing segment analysis for the forecast period
Customization purviewIf our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse for Technavio’s healthcare market reports

Table of contents:

1 Executive Summary

  • 1.1 Market overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
  • 3.4 Market outlook: Forecast for 2022-2027 
    • Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
    • Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
    • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
    • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

  • 4.1 Global orthobiologics market 2017 – 2021
    • Exhibit 18: Historic Market Size – Data Table on Global orthobiologics market 2017 – 2021 ($ million)
  • 4.2 By Application Segment Analysis 2017 – 2021
    • Exhibit 19: Historic Market Size – By Application Segment 2017 – 2021 ($ million)
  • 4.3 By Product Segment Analysis 2017 – 2021
    • Exhibit 20: Historic Market Size – By Product Segment 2017 – 2021 ($ million)
  • 4.4 Geography Segment Analysis 2017 – 2021 
    • Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)
  • 4.5 Country Segment Analysis 2017 – 2021 
    • Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

  • 5.1 Five forces summary 
    • Exhibit 23: Five forces analysis – Comparison between 2022 and 2027
  • 5.2 Bargaining power of buyers 
    • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
  • 5.3 Bargaining power of suppliers 
    • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
  • 5.4 Threat of new entrants 
    • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
  • 5.5 Threat of substitutes 
    • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
  • 5.6 Threat of rivalry 
    • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
  • 5.7 Market condition 
    • Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Application

  • 6.1 Market segments 
    • Exhibit 30: Chart on Application – Market share 2022-2027 (%)
    • Exhibit 31: Data Table on Application – Market share 2022-2027 (%)
  • 6.2 Comparison by Application 
    • Exhibit 32: Chart on Comparison by Application
    • Exhibit 33: Data Table on Comparison by Application
  • 6.3 Spinal fusion – Market size and forecast 2022-2027
    • Exhibit 34: Chart on Spinal fusion – Market size and forecast 2022-2027 ($ million)
    • Exhibit 35: Data Table on Spinal fusion – Market size and forecast 2022-2027 ($ million)
    • Exhibit 36: Chart on Spinal fusion – Year-over-year growth 2022-2027 (%)
    • Exhibit 37: Data Table on Spinal fusion – Year-over-year growth 2022-2027 (%)
  • 6.4 Reconstructive surgery – Market size and forecast 2022-2027 
    • Exhibit 38: Chart on Reconstructive surgery – Market size and forecast 2022-2027 ($ million)
    • Exhibit 39: Data Table on Reconstructive surgery – Market size and forecast 2022-2027 ($ million)
    • Exhibit 40: Chart on Reconstructive surgery – Year-over-year growth 2022-2027 (%)
    • Exhibit 41: Data Table on Reconstructive surgery – Year-over-year growth 2022-2027 (%)
  • 6.5 Trauma repair – Market size and forecast 2022-2027
    • Exhibit 42: Chart on Trauma repair – Market size and forecast 2022-2027 ($ million)
    • Exhibit 43: Data Table on Trauma repair – Market size and forecast 2022-2027 ($ million)
    • Exhibit 44: Chart on Trauma repair – Year-over-year growth 2022-2027 (%)
    • Exhibit 45: Data Table on Trauma repair – Year-over-year growth 2022-2027 (%)
  • 6.6 Others – Market size and forecast 2022-2027 
    • Exhibit 46: Chart on Others – Market size and forecast 2022-2027 ($ million)
    • Exhibit 47: Data Table on Others – Market size and forecast 2022-2027 ($ million)
    • Exhibit 48: Chart on Others – Year-over-year growth 2022-2027 (%)
    • Exhibit 49: Data Table on Others – Year-over-year growth 2022-2027 (%)
  • 6.7 Market opportunity by Application 
    • Exhibit 50: Market opportunity by Application ($ million)

7 Market Segmentation by Product

  • 7.1 Market segments 
    • Exhibit 51: Chart on Product – Market share 2022-2027 (%)
    • Exhibit 52: Data Table on Product – Market share 2022-2027 (%)
  • 7.2 Comparison by Product 
    • Exhibit 53: Chart on Comparison by Product
    • Exhibit 54: Data Table on Comparison by Product
  • 7.3 Bone graft substitutes – Market size and forecast 2022-2027 
    • Exhibit 55: Chart on Bone graft substitutes – Market size and forecast 2022-2027 ($ million)
    • Exhibit 56: Data Table on Bone graft substitutes – Market size and forecast 2022-2027 ($ million)
    • Exhibit 57: Chart on Bone graft substitutes – Year-over-year growth 2022-2027 (%)
    • Exhibit 58: Data Table on Bone graft substitutes – Year-over-year growth 2022-2027 (%)
  • 7.4 Viscosupplementation – Market size and forecast 2022-2027
    • Exhibit 59: Chart on Viscosupplementation – Market size and forecast 2022-2027 ($ million)
    • Exhibit 60: Data Table on Viscosupplementation – Market size and forecast 2022-2027 ($ million)
    • Exhibit 61: Chart on Viscosupplementation – Year-over-year growth 2022-2027 (%)
    • Exhibit 62: Data Table on Viscosupplementation – Year-over-year growth 2022-2027 (%)
  • 7.5 Stem cells – Market size and forecast 2022-2027
    • Exhibit 63: Chart on Stem cells – Market size and forecast 2022-2027 ($ million)
    • Exhibit 64: Data Table on Stem cells – Market size and forecast 2022-2027 ($ million)
    • Exhibit 65: Chart on Stem cells – Year-over-year growth 2022-2027 (%)
    • Exhibit 66: Data Table on Stem cells – Year-over-year growth 2022-2027 (%)
  • 7.6 Market opportunity by Product 
    • Exhibit 67: Market opportunity by Product ($ million)

8 Customer Landscape

  • 8.1 Customer landscape overview 
    • Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

  • 9.1 Geographic segmentation 
    • Exhibit 69: Chart on Market share by geography 2022-2027 (%)
    • Exhibit 70: Data Table on Market share by geography 2022-2027 (%)
  • 9.2 Geographic comparison 
    • Exhibit 71: Chart on Geographic comparison
    • Exhibit 72: Data Table on Geographic comparison
  • 9.3 North America – Market size and forecast 2022-2027
    • Exhibit 73: Chart on North America – Market size and forecast 2022-2027 ($ million)
    • Exhibit 74: Data Table on North America – Market size and forecast 2022-2027 ($ million)
    • Exhibit 75: Chart on North America – Year-over-year growth 2022-2027 (%)
    • Exhibit 76: Data Table on North America – Year-over-year growth 2022-2027 (%)
  • 9.4 Europe – Market size and forecast 2022-2027
    • Exhibit 77: Chart on Europe – Market size and forecast 2022-2027 ($ million)
    • Exhibit 78: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
    • Exhibit 79: Chart on Europe – Year-over-year growth 2022-2027 (%)
    • Exhibit 80: Data Table on Europe – Year-over-year growth 2022-2027 (%)
  • 9.5 Asia – Market size and forecast 2022-2027
    • Exhibit 81: Chart on Asia – Market size and forecast 2022-2027 ($ million)
    • Exhibit 82: Data Table on Asia – Market size and forecast 2022-2027 ($ million)
    • Exhibit 83: Chart on Asia – Year-over-year growth 2022-2027 (%)
    • Exhibit 84: Data Table on Asia – Year-over-year growth 2022-2027 (%)
  • 9.6 Rest of World (ROW) – Market size and forecast 2022-2027
    • Exhibit 85: Chart on Rest of World (ROW) – Market size and forecast 2022-2027 ($ million)
    • Exhibit 86: Data Table on Rest of World (ROW) – Market size and forecast 2022-2027 ($ million)
    • Exhibit 87: Chart on Rest of World (ROW) – Year-over-year growth 2022-2027 (%)
    • Exhibit 88: Data Table on Rest of World (ROW) – Year-over-year growth 2022-2027 (%)
  • 9.7 US – Market size and forecast 2022-2027
    • Exhibit 89: Chart on US – Market size and forecast 2022-2027 ($ million)
    • Exhibit 90: Data Table on US – Market size and forecast 2022-2027 ($ million)
    • Exhibit 91: Chart on US – Year-over-year growth 2022-2027 (%)
    • Exhibit 92: Data Table on US – Year-over-year growth 2022-2027 (%)
  • 9.8 UK – Market size and forecast 2022-2027
    • Exhibit 93: Chart on UK – Market size and forecast 2022-2027 ($ million)
    • Exhibit 94: Data Table on UK – Market size and forecast 2022-2027 ($ million)
    • Exhibit 95: Chart on UK – Year-over-year growth 2022-2027 (%)
    • Exhibit 96: Data Table on UK – Year-over-year growth 2022-2027 (%)
  • 9.9 Germany – Market size and forecast 2022-2027
    • Exhibit 97: Chart on Germany – Market size and forecast 2022-2027 ($ million)
    • Exhibit 98: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
    • Exhibit 99: Chart on Germany – Year-over-year growth 2022-2027 (%)
    • Exhibit 100: Data Table on Germany – Year-over-year growth 2022-2027 (%)
  • 9.10 China – Market size and forecast 2022-2027
    • Exhibit 101: Chart on China – Market size and forecast 2022-2027 ($ million)
    • Exhibit 102: Data Table on China – Market size and forecast 2022-2027 ($ million)
    • Exhibit 103: Chart on China – Year-over-year growth 2022-2027 (%)
    • Exhibit 104: Data Table on China – Year-over-year growth 2022-2027 (%)
  • 9.11 Canada – Market size and forecast 2022-2027
    • Exhibit 105: Chart on Canada – Market size and forecast 2022-2027 ($ million)
    • Exhibit 106: Data Table on Canada – Market size and forecast 2022-2027 ($ million)
    • Exhibit 107: Chart on Canada – Year-over-year growth 2022-2027 (%)
    • Exhibit 108: Data Table on Canada – Year-over-year growth 2022-2027 (%)
  • 9.12 Market opportunity by geography 
    • Exhibit 109: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

  • 10.1 Market drivers
  • 10.2 Market challenges
  • 10.3 Impact of drivers and challenges 
    • Exhibit 110: Impact of drivers and challenges in 2022 and 2027
  • 10.4 Market trends

11 Vendor Landscape

  • 11.1 Overview
  • 11.2 Vendor landscape 
    • Exhibit 111: Overview on Criticality of inputs and Factors of differentiation
  • 11.3 Landscape disruption 
    • Exhibit 112: Overview on factors of disruption
  • 11.4 Industry risks 
    • Exhibit 113: Impact of key risks on business

12 Vendor Analysis

  • 12.1 Vendors covered 
    • Exhibit 114: Vendors covered
  • 12.2 Market positioning of vendors 
    • Exhibit 115: Matrix on vendor position and classification
  • 12.3 Advanced Medical Solutions Group Plc 
    • Exhibit 116: Advanced Medical Solutions Group Plc – Overview
    • Exhibit 117: Advanced Medical Solutions Group Plc – Business segments
    • Exhibit 118: Advanced Medical Solutions Group Plc – Key offerings
    • Exhibit 119: Advanced Medical Solutions Group Plc – Segment focus
  • 12.4 Anika Therapeutics Inc. 
    • Exhibit 120: Anika Therapeutics Inc. – Overview
    • Exhibit 121: Anika Therapeutics Inc. – Product / Service
    • Exhibit 122: Anika Therapeutics Inc. – Key offerings
  • 12.5 Arthrex Inc. 
    • Exhibit 123: Arthrex Inc. – Overview
    • Exhibit 124: Arthrex Inc. – Product / Service
    • Exhibit 125: Arthrex Inc. – Key offerings
  • 12.6 Bioventus LLC 
    • Exhibit 126: Bioventus LLC – Overview
    • Exhibit 127: Bioventus LLC – Business segments
    • Exhibit 128: Bioventus LLC – Key news
    • Exhibit 129: Bioventus LLC – Key offerings
    • Exhibit 130: Bioventus LLC – Segment focus
  • 12.7 Globus Medical Inc. 
    • Exhibit 131: Globus Medical Inc. – Overview
    • Exhibit 132: Globus Medical Inc. – Product / Service
    • Exhibit 133: Globus Medical Inc. – Key offerings
  • 12.8 Johnson and Johnson 
    • Exhibit 134: Johnson and Johnson – Overview
    • Exhibit 135: Johnson and Johnson – Business segments
    • Exhibit 136: Johnson and Johnson – Key news
    • Exhibit 137: Johnson and Johnson – Key offerings
    • Exhibit 138: Johnson and Johnson – Segment focus
  • 12.9 Medtronic Plc 
    • Exhibit 139: Medtronic Plc – Overview
    • Exhibit 140: Medtronic Plc – Business segments
    • Exhibit 141: Medtronic Plc – Key news
    • Exhibit 142: Medtronic Plc – Key offerings
    • Exhibit 143: Medtronic Plc – Segment focus
  • 12.10 Nuvasive Inc 
    • Exhibit 144: Nuvasive Inc – Overview
    • Exhibit 145: Nuvasive Inc – Business segments
    • Exhibit 146: Nuvasive Inc – Key news
    • Exhibit 147: Nuvasive Inc – Key offerings
    • Exhibit 148: Nuvasive Inc – Segment focus
  • 12.11 Orthofix Medical Inc. 
    • Exhibit 149: Orthofix Medical Inc. – Overview
    • Exhibit 150: Orthofix Medical Inc. – Business segments
    • Exhibit 151: Orthofix Medical Inc. – Key news
    • Exhibit 152: Orthofix Medical Inc. – Key offerings
    • Exhibit 153: Orthofix Medical Inc. – Segment focus
  • 12.12 OrthoPediatrics Corp. 
    • Exhibit 154: OrthoPediatrics Corp. – Overview
    • Exhibit 155: OrthoPediatrics Corp. – Business segments
    • Exhibit 156: OrthoPediatrics Corp. – Key news
    • Exhibit 157: OrthoPediatrics Corp. – Key offerings
    • Exhibit 158: OrthoPediatrics Corp. – Segment focus
  • 12.13 ROYAL BIOLOGICS 
    • Exhibit 159: ROYAL BIOLOGICS – Overview
    • Exhibit 160: ROYAL BIOLOGICS – Product / Service
    • Exhibit 161: ROYAL BIOLOGICS – Key offerings
  • 12.14 RTI Surgical Inc. 
    • Exhibit 162: RTI Surgical Inc. – Overview
    • Exhibit 163: RTI Surgical Inc. – Product / Service
    • Exhibit 164: RTI Surgical Inc. – Key offerings
  • 12.15 SeaSpine Holdings Corp. 
    • Exhibit 165: SeaSpine Holdings Corp. – Overview
    • Exhibit 166: SeaSpine Holdings Corp. – Business segments
    • Exhibit 167: SeaSpine Holdings Corp. – Key offerings
    • Exhibit 168: SeaSpine Holdings Corp. – Segment focus
  • 12.16 Smith and Nephew plc 
    • Exhibit 169: Smith and Nephew plc – Overview
    • Exhibit 170: Smith and Nephew plc – Business segments
    • Exhibit 171: Smith and Nephew plc – Key news
    • Exhibit 172: Smith and Nephew plc – Key offerings
    • Exhibit 173: Smith and Nephew plc – Segment focus
  • 12.17 Stryker Corp. 
    • Exhibit 174: Stryker Corp. – Overview
    • Exhibit 175: Stryker Corp. – Business segments
    • Exhibit 176: Stryker Corp. – Key news
    • Exhibit 177: Stryker Corp. – Key offerings
    • Exhibit 178: Stryker Corp. – Segment focus

13 Appendix

  • 13.1 Scope of the report
  • 13.2 Inclusions and exclusions checklist 
    • Exhibit 179: Inclusions checklist
    • Exhibit 180: Exclusions checklist
  • 13.3 Currency conversion rates for US$ 
    • Exhibit 181: Currency conversion rates for US$
  • 13.4 Research methodology 
    • Exhibit 182: Research methodology
    • Exhibit 183: Validation techniques employed for market sizing
    • Exhibit 184: Information sources
  • 13.5 List of abbreviations 
    • Exhibit 185: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
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US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

SOURCE Technavio

Josh Sandberg

Josh Sandberg is the President and CEO of Ortho Spine Partners and sits on several company and industry related Boards. He also is the Creator and Editor of OrthoSpineNews.

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