Orthobiologics Market worth 6.06 Billion USD by 2022

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MarketsandMarkets Presents

• Orthobiologics Market 
•  - Global Forecasts to 2022

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• The global orthobiologics market is projected to
  reach USD 6.06 Billion by 2022 from USD 4.66
  Billion in 2017, at a CAGR of 5.4 during the
  forecast period. Factors such as rising burden of
  orthopedic injuries increasing incidence of
  sports injuries and road accidents increasing
  incidence of spinal fusion surgeries risk
  factors associated with increasing aging
  population, obesity rate, high incidence of
  musculoskeletal disorders and growing patient
  preference for minimally invasive procedures are
  driving the orthobiologics market.
• This report broadly segments the orthobiologics
  market into product, application, and end user.
  On the basis of product, the market is
  categorized into allografts, synthetic
  orthobiologics, PRP, BMAC, DBM, BMP, and
  viscosupplementation products. In 2017, the
  viscosupplementation products segment is expected
  to account for the largest share of the market.
  The large share of this segment can be attributed
  to the increasing incidence of osteoarthritis of
  the knee and hip joints among the baby boomer
  population and lower cost of viscosupplementations
  .

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http//www.marketsandmarkets.com/Market-Repor
ts/orthobiologics-market-162747970.html Based
on application, the market is segmented into
fracture recovery, osteoarthritis degenerative
arthritis, spinal fusion, soft-tissue injuries,
and maxillofacial dental applications. The
osteoarthritis degenerative arthritis segment
is estimated to command the largest share of the
global orthobiologics market in 2017. The large
share of this segment is mainly due to factors
such as the significant rise in target patient
population across major markets, rising public
awareness related to clinical side effects
associated with oral medications for pain
management.
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• On the basis of end user, the market is segmented
  hospitals, orthopedic clinics, and ambulatory
  care centers research academic institutes and
  dental clinics and facilities. The hospitals,
  orthopedic clinics, and ambulatory care centers
  segment is poised to grow at the fastest rate
  during the forecast period. This can be
  attributed to the growing geriatric population
  (coupled with the increasing number of spinal
  fusion surgeries performed) road accident
  injuries and bone fractures growing prevalence
  of spinal disorders and growing awareness of
  products.
• The report covers the orthobiologics market
  across four major geographies, namely, North
  America, Europe, Asia Pacific, and the Rest of
  the World (RoW). North America is expected to
  command the largest share of the market in 2017
  due to the increasing incidence of spinal
  disorders, rising geriatric and obese population,
  growing preference for minimally invasive
  procedures, and growing physician and patient
  awareness about newly introduced treatment
  procedures and technologies. However, Asia
  Pacific is expected to register the highest
  growth rate during the forecast period. The
  presence of a large geriatric and target patient
  population, high incidence of osteoarthritis and
  obesity, increasing government spending on
  healthcare, and improving healthcare
  infrastructure are some of the major factors
  driving the growth of the Asia Pacific
  orthobiologics market.

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