The Global Orthobiologics Market is estimated to grow at a CAGR of 4.3% during the forecast period 2018-2025. The Market was valued $4,870 million in 2017, which is estimated to reach $6,870 million by 2025.
The Orthobiologics industry growth is due to increase in demand for advanced treatment methods, growth in geriatric population base globally, increasing prevalence of spinal injuries, degenerative arthritis, soft tissue injuries and osteoarthritis. Moreover, increasing obesity rate and rising awareness among patients to treat same is further boosting the market growth.
Major market players included in the research report are NuVasive Inc., Globus Medical, Inc., Medline Industries, Inc., Exactec Inc., Johnson and Johnson (J&J), Arthrex, Inc., Integra LifeSciences Holdings Corporation, Wright Medical Group, Inc., Zimmer Biomet Holdings, Inc. and Stryker Corporation.
NuVasive Inc. was founded in 1997 and the company is based in the United States. It is a medical device company and primarily focuses on developing procedurally-integrated solutions and minimally-disruptive surgical products for the spine surgery. The product portfolio of the company includes biologics that are used to aid spinal fusion process. The product portfolio of the company includes Maximum Access Surgery, MaXcess and specialized implants. The end-users of the company’s product are insurers, hospitals, surgeon and patients through distributors, directly-employed sales personnel and independent sales agents globally.
Globus Medical, Inc.
Globus Medical, Inc. was founded in 2003 and the company is based in the United States. It is a medical device company that focuses on commercialization, development and designing of musculoskeletal implants. The products offered by the company address various surgical approaches, anatomies and musculoskeletal pathologies. Also, company’s offerings include interventional pain management solutions, interspinous distraction devices, total disc replacement devices, motion preservation technologies, robotic assisted surgery technology solutions, navigation and imaging technologies. Moreover, the company offers fracture plates, external fixation systems, intramedullary nails, compression screws and other products required to treat orthopedic trauma.
Medline Industries, Inc.
Medline Industries, Inc. was founded in 1966 and the company is based in the Unites States. The company distributes and manufactures healthcare products. The company deals in skin care and wound products, housekeeping supplies, electrosurgical products, sterile products, incontinence products, durable medical equipment, reusable textiles, monitors, isolation gowns, face masks and gloves.
Johnson and Johnson
Johnson and Johnson was founded in 1887, the company is based in the United States. The company along with its subsidiaries are involved in sales, manufacturing and research and development of wide range of products of the healthcare domain. The three major business segments of the company include Medical Devices, Pharmaceutical and Consumer. The company primarily focus on human healthcare products. As of January 2017, 119 manufacturing facilities were operated as company’s subsidiaries. The research facilities of the company are situated in the United States, the United Kingdom, Switzerland, Singapore, the Netherlands, Japan, Israel, India, Germany, France, China, Canada, Brazil and Belgium, with 230 operating companies, Johnson and Johnson conduct business at global level.
The Global Orthobiologics Market research report include market analysis under various sections and company profile is major among them. The company profile section includes detailed analysis of companies in the form of company overview, financial performance, SWOT analysis, and other important parts.
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