Germany Orthobiologics Market Size, Share, and COVID-19 Impact Analysis, By Product (Demineralized Bone Matrix (DBM), Allograft, Bone Morphogenetic Protein (BMP), Viscosupplementation, Synthetic Bone Substitutes, and Stem Cell Therapy), By Application (Spinal Fusion, Trauma Repair, and Reconstructive Surgery), and Germany Orthobiologics Market Insights, Industry Trend, Forecasts to 2033.
Industry: HealthcareGermany Orthobiologics Market Insights Forecasts to 2033
- The Germany Orthobiologics Market Size was valued at USD 404.2 Million in 2023.
- The Market Size is Growing at a CAGR of 4.74% from 2023 to 2033
- The Germany Orthobiologics Market Size is Expected to Reach USD 642.1 Million by 2033
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The Germany Orthobiologics Market Size is Anticipated to Reach USD 642.1 Million By 2033, Growing at a CAGR of 4.74% from 2023 to 2033.
Market Overview
Orthobiologics are biological substances used to help heal musculoskeletal injuries, such as fractured bones, injured muscles, tendons, and ligaments. They can be derived from substances found naturally in the body, or they can be obtained from a donor. Orthobiologics is a subset of regenerative medicine, which focuses on treating the musculoskeletal system. The main therapeutics utilized include platelet-rich plasma, stem cells, exosomes, and scaffolding matrices. In Germany, orthobiologics is widely adopted for the treatment of sports injuries. Additionally, the growing number of senior individuals, as well as the subsequent growth in the occurrence of knee osteoarthritis, is the main reason driving market dispersion. Orthobiologics raises the therapies of organic or natural composition form in the human body to treat musculoskeletal issues such as muscle injuries and ligament, bone fractures, and chronic illnesses such as osteoarthritis.
Report Coverage
This research report categorizes the market for the Germany orthobiologics based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Germany orthobiologics market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Germany orthobiologics market.
Germany Orthobiologics Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2023 |
Market Size in 2023: | USD 404.2 Million |
Forecast Period: | 2023-2033 |
Forecast Period CAGR 2023-2033 : | 4.74% |
2033 Value Projection: | USD 642.1 Million |
Historical Data for: | 2019-2022 |
No. of Pages: | 188 |
Tables, Charts & Figures: | 108 |
Segments covered: | By Product, By Application and COVID-19 Impact Analysis |
Companies covered:: | Arthrex, Bone Biologics Corp, Bioventus Inc Class A, Anika Therapeutics Inc, Globus Medical Inc Class A, Orthofix Medical Inc, DePuy Synthes, Zimmer Biomet Holdings Inc, and other key companies. |
Pitfalls & Challenges: | COVID-19 Empact, Challenge, Future, Growth, & Analysis |
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Driving Factors
Orthobiologic treatments can reduce the need for pain medication, speed up healing, and improve rehabilitation. They offer a viable alternative to surgery and are particularly beneficial for both professional and amateur athletes looking to quickly recover from injuries. The increasing interest in sports and physical activity has positively impacted the demand for orthobiologics. Additionally, degenerative changes can lead to tendon tears in older individuals, further driving the demand for orthobiologic treatments due to the aging population.
Restraining Factors
Growing patient preference for minimally invasive procedures will limit the growth of the orthobiologics market. The market for orthobiologics may encounter further challenges shortly due to the adverse effects of BMP-based therapy.
Market Segmentation
The Germany orthobiologics market share is classified into product and application.
- The viscosupplementation segment is expected to hold the largest market share through the forecast period.
The Germany orthobiologics market is segmented by product into demineralized bone matrix (DBM), allograft, bone morphogenetic protein (BMP), viscosupplementation, synthetic bone substitutes, and stem cell therapy. Among these, the viscosupplementation segment is expected to hold the largest market share through the forecast period. This is primarily due to the increasing prevalence of knee osteoarthritis and degenerative arthritis, specifically among the rising geriatric population. Enhancements in reimbursement policies regarding approvals on viscosupplements are supporting the growth of this segment. Recent market approvals and the entry of new manufacturers are other factors supporting the segment's dominance.
- The spinal fusion segment is expected to dominate the Germany orthobiologics market during the forecast period.
Based on the application, the Germany orthobiologics market is divided into spinal fusion, trauma repair, and reconstructive surgery. Among these, the spinal fusion segment is expected to dominate the Germany orthobiologics market during the forecast period. The segment is experiencing strong growth due to the rising number of spinal fusion surgeries in Germany. Additionally, key companies offering a wide range of orthobiologics products for spinal fusion applications, along with the increasing approvals for new products for spinal fusion procedures are expected to further drive the segment's growth.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the Germany orthobiologics market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Arthrex
- Bone Biologics Corp
- Bioventus Inc Class A
- Anika Therapeutics Inc
- Globus Medical Inc Class A
- Orthofix Medical Inc
- DePuy Synthes
- Zimmer Biomet Holdings Inc
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In June 2024, Octane Medical Group, through its new venture Octane Biotherapeutics (BioTx), has acquired 100% shares of the global orthobiologics business from its long-term partner B. Braun. The acquisition, consists of the two companies TETEC AG in Germany and Aesculap Biologics, LLC. In the United States, establishes Octane as an international leader in regenerative medicine.
Market Segment
This study forecasts revenue at Germany, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Germany Orthobiologics Market based on the below-mentioned segments
Germany Orthobiologics Market, By Product
- Demineralized Bone Matrix (DBM)
- Allograft
- Bone Morphogenetic Protein (BMP)
- Viscosupplementation
- Synthetic Bone Substitutesand
- Stem Cell Therapy
Germany Orthobiologics Market, By Application
- Spinal Fusion
- Trauma Repair
- Reconstructive Surgery
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