The bone graft procedure accounted to be the largest segment in the global orthobiologics market . The shifting preference to biological implants from mechanical implants is accelerating the growth of this market . Another important trend that is estimated to enhance the growth of the market over next eight years is the increase in funds to improve orthobiologics . Factors such as growing advances in technology , the prevalence of a huge number of chronic and unidentified diseases , initiatives by the government and rise in life expectation may favorably impact the market growth . Along with this , the rising incidences of injuries by sports & road accidents and growing awareness among athletes are also driving the demand for the market .
However , lack of clear reimbursement procedures and rigorous rules may create major hindrances for the orthobiologics demand in the market . The improvements in developing alternatives for pharmaceuticals , for making medical treatments more preventive than curative along with the country ’ s policy for decreasing the deficit in the budget is expected to negatively impact the global orthobiologics market . Furthermore , high costs for the procedure , lack of reliable clinical trial data and strict regulations for the approval of orthobiologics products may pose challenges to the market growth over the forecast period .
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The global orthobiologics market has been segmented based on its applications and product types . On the basis of application , the market been classified into spinal surgery , joint replacement & reconstruction , and trauma surgery . On the basis of product types , the market has been segmented into bone graft substitutes , bone growth stimulators , and viscosupplements . The bone graft substitutes have further been segmented into demoralized bone matrix ( DBM ), bone morph genic proteins ( BMP ), bone allografts , and bone autographs . Additionally , viscosupplements has also been further segmented into single injection viscosupplements , 3-injection viscosupplements , and 5-injection viscosupplements .
Over the past few years , the viscosupplements segments held the largest market share for orthobiologics on account of huge demand for knee treatment procedures . It is a very effective pain killer . Viscosupplements are intra-articular injections made of hyaluronic acid which helps in the treatment of osteoarthritis .
North America held the majority of the global orthobiologics market in the recent past . The high demand in the market was sustained by increased prevalence of arthritis and obesity in the region , rising demand for the treatment of various diseases such as osteoarthritis and spinal injuries . However , over the next eight years , Asia- Pacific is projected to witness the highest rate of growth for orthobiologics market . This growth will be majorly driven by the Indian and Chinese market on account of a huge number of untapped patient population , economical cost , and medical tourism .