Global Spine Biologics Market Size By Product (Bone Graft Substitutes, Spinal Allografts), By End User (Hospitals, Ambulatory Surgical Center), By Geographic Scope And Forecast
Published on: 2024-07-15 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Spine Biologics Market Size By Product (Bone Graft Substitutes, Spinal Allografts), By End User (Hospitals, Ambulatory Surgical Center), By Geographic Scope And Forecast
Spine Biologics Market Size And Forecast
Spine Biologics Market size was valued at USD 3.72 Billion in 2021 and is projected to reach USD 16.2 Billion by 2030, growing at a CAGR of 17.5% from 2023 to 2030.
Factors driving market expansion include an increase in the ageing population, advantages of biologics such as minimal postoperative time, faster recovery, and their capacity to activate cellular growth. The Global Spine Biologics Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Spine Biologics Market Definition
Spine biologics are materials that change the environment around them via active biological processes. They contribute in damage repair and healing by promoting growth and differentiation. They also lessen the need for primary or secondary surgical treatments, as well as soft tissue disruption. A wide range of spine biologics is currently employed as an alternative to traditional therapy. Pedicle screws and rods, for example, are used in spine fusion procedures to offer spinal stability and promote recovery. Furthermore, constant breakthroughs are supporting cartilaginous and bone structural repair and regeneration.
Biologics are the most recent therapy options in clinical trials, especially in orthopaedic surgery. Spine biologics are biomaterials that change the environment through active biological processes that stimulate development and differentiation, assisting in the repair and healing of an injury or other ailment. Some biologics are intended to replace a person’s natural bone graft, while others that encourage cartilaginous and bony structure repair and regeneration are still in the early stages of development.
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Global Spine Biologics Market Overview
Spine biologics are used to treat spinal deformities such as trauma, tumors, degenerative disc disease, and spinal cord damage during spine fusion surgery. Factors driving market expansion include an increase in the ageing population, advantages of biologics such as minimal postoperative time, faster recovery, and their capacity to activate cellular growth. However, an adverse reimbursement scenario, greater bone graft costs, and certain ethical concerns about bone grafting procedures are projected to limit market expansion. Biologics are employed during spinal fusion procedures because they increase bone growth development at three stagesinflammation, repair, and remodeling. As a result, the usage of biologics is increasing as the number of spinal fusion surgeries increases.
The rise in the senior population is expected to drive up biologics demand in the future. Spinal diseases, such as spinal stenosis, are the most common condition among men and women over the age of 50. Aging causes structural changes in the spine, such as the thickening of the tissue that supports it and the enlargement of bones and joints, leading to spinal dysfunction. An increase in the senior population, as well as the benefits of spine biologics such as speedier recovery, minimal postoperative time, and the potential to promote cellular growth, are driving the market expansion of spine biologics. Enlargement of bones and joints, as well as the thickening of the band of tissue that supports the spine, can cause spinal injury. This is the primary driver of market expansion in the approaching years. Spinal fusion surgery is required for people who are at high risk of spinal abnormalities, which is driving up demand in the global market. The spine biologics industry is projected to be hampered by rising bone graft costs, a hostile reimbursement environment, and concerns about bone grafting procedures.
Global Spine biologics MarketSegmentation Analysis
The Global Spine Biologics Market is segmented on the basis of Product, End User, and Geography.
Spine Biologics Market, By Product
- Bone Graft Substitutes
- Spinal Allografts
- Others
Based on the Product, the market is bifurcated into Bone Graft Substitutes, Spinal Allografts, and Others. Spinal allografts are expected to expand in popularity in the future, thanks to a number of advantages associated with their use. Spinal allografts are allograft bone from another patient (donor) that is used in the spine therapy method. The use of allografts in spinal fusion will avoid the need for a second operation, resulting in a shorter recovery period.
Spine Biologics Market, By End User
- Hospitals
- Ambulatory Surgical Center
- Others
Based on the End User, the market is bifurcated into Hospitals, Ambulatory Surgical Center, and Others. The section of hospitals is mostly driven by the increased number of spine fusion surgery conducted in these facilities. High hospitalization costs, on the other hand, have resulted in fewer patient admissions to hospitals, but the number of outpatient visits has increased. Over the projected period, this is likely to pose a threat to the deployment of spine biologics in hospital settings.
Spine Biologics Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
On the basis of Regional Analysis, the Global Spine Biologics Market is classified into North America, Europe, Asia Pacific, and Rest of the world. Because of its consistent economic growth, increased prevalence of spine ailments such as spinal stenosis, disc-related difficulties, and spondylolisthesis, and high adoption of minimally invasive operations, North America dominates the Spine Biologics Market.
Key Players
The “Global Spine Biologics Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Johnson & Johnson (Depuy Synthes), Orthofix Medical Inc., Stryker Corporation, Zimmer Biomet, Arthrex, Inc., Exactech, Inc, Wright Medical Technology Inc., Medtronic Inc, DePuy Synthes Companies, K2M Inc., Nuvasive Inc. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2018-2030 |
BASE YEAR | 2021 |
FORECAST PERIOD | 2023-2030 |
HISTORICAL PERIOD | 2018-2020 |
UNIT | Value (USD Billion) |
KEY COMPANIES PROFILED | Johnson & Johnson (Depuy Synthes), Orthofix Medical Inc., Stryker Corporation, Zimmer Biomet, Arthrex, Inc., Exactech, Inc, Wright Medical Technology Inc., & Others |
SEGMENTS COVERED |
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CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope. |
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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