Market Size of Global Orthopedic Regenerative Surgical Products Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 4.30 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Orthopedic Regenerative Surgical Products Market Analysis
The orthopedic regenerative surgical products market studied is expected to grow with an estimated CAGR of 4.3%, over the forecast period.
The COVID-19 pandemic is expected to have an impact on the orthopedic regenerative surgical products market owing to the disruptions in clinical studies, cancellation of elective procedures, and supply chain disruption. Orthopedic regenerative surgical products suppliers faced several challenges such as travel restrictions, business closures, stay-at-home protocols, and employee illness or quarantines during the pandemic.
A large number of hospitals have canceled or postponed elective surgeries across the world to prevent cross-infection and meet the demands of coronavirus patients. For instance, University Medical Center and Sunrise Health in Las Vegas postponed elective surgeries to save bed capacity in 2020. According to the CovidSurg Collaborative in 2020, orthopedic procedures were canceled most frequently, composing 26% of the total cancelled or postponed surgeries in 2020, which had a short-term negative impact on the market.
Certain factors that are driving the market growth include the rising prevalence of arthritis and other orthopedic conditions and growing technological advancements. According to data published by the Centers for Disease Control and Prevention in 2018, an estimated 54.4 million adults had doctor-diagnosed arthritis, with significantly higher prevalence in women than in men in the United States. In addition, according to the Centers for Disease Control and Prevention estimates about 78.4 million (25.9% of the projected total adult population) adults aged 18 years and older will have doctor-diagnosed arthritis by 2040.
Furthermore, with increase in geriatric population, there is rise in number of people suffering from orthopedic conditions requiring regenerative treatment. Also, utilization of emerging technologies including platelet rich plasma (PRP) therapies, viscosupplements, and stem cells is increased in the healthcare industry. The above-mentioned statistics indicate that the prevalence of arthritis and demand for orthopedic regenerative surgical products are increasing, which may drive market over the forecast period. However, factors such as poor reimbursement scenarios and stringent regulatory scenarios may hamper the growth of the market.
Orthopedic Regenerative Surgical Products Industry Segmentation
Regenerative orthopedics helps to treat discomfort and pain of the musculoskeletal system and improve the healing of orthopedic conditions, such as ligament, injuries of a tendon, muscle, bone, meniscus of the knee, spinal disc, and cartilage. These body parts have a comparatively poor capability to heal on their own. Regenerative orthopedic surgical products help these tissues to heal better. Orthopedic regenerative surgical products may help some patients avoid orthopedic surgery completely.
The orthopedic regenerative surgical products market is segmented by Product (Allograft, Cell-based, and Viscosupplements), Application (Orthopedic Pain Management, Trauma Repair, Cartilage and Tendon Repair, Joint Reconstruction, and Others), End User (Hospitals, Ambulatory Surgical Centers, and Others), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report offers the value (in USD million) for the above segments.
| By Product | |
| Allograft | |
| Cell-based | |
| Viscosupplements |
| By Applications | |
| Orthopedic Pain Management | |
| Trauma Repair | |
| Cartilage and Tendon Repair | |
| Joint Reconstruction | |
| Others |
| By End-User | |
| Hospitals | |
| Ambulatory Surgical Centers | |
| Others |
| Geography | ||||||||
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Global Orthopedic Regenerative Surgical Products Market Size Summary
The orthopedic regenerative surgical products market is poised for growth, driven by the increasing prevalence of arthritis and other orthopedic conditions, alongside advancements in technology. The market experienced short-term setbacks due to the COVID-19 pandemic, which led to disruptions in clinical studies, the cancellation of elective procedures, and supply chain challenges. Despite these hurdles, the demand for regenerative treatments is expected to rise, fueled by an aging population and the growing utilization of technologies such as platelet-rich plasma therapies and stem cells. However, the market's expansion may be hindered by factors like poor reimbursement scenarios and stringent regulatory environments.
North America is anticipated to maintain a dominant position in the orthopedic regenerative surgical products market, supported by a high incidence of orthopedic conditions, a growing elderly population, and a strong adoption of regenerative orthopedics. The United States, in particular, is expected to lead the market due to the presence of numerous manufacturers and suppliers, coupled with high awareness and prevalence of arthritis-related joint pain. The market is characterized by intense competition, with key players like Zimmer Biomet, Stryker, and Anika Therapeutics holding significant shares. Strategic initiatives such as mergers, acquisitions, and partnerships are likely to further drive market growth, as evidenced by collaborations like that between MIMEDX Group, Inc. and the Wake Forest Institute for Regenerative Medicine.
Global Orthopedic Regenerative Surgical Products Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rise in the Prevalence of Orthopedic Diseases
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1.2.2 Increasing Geriatric Population
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1.2.3 Technological Advancements in the Products
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1.3 Market Restraints
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1.3.1 High Cost of Products
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1.3.2 Stringent Regulatory Scenario
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Product
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2.1.1 Allograft
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2.1.2 Cell-based
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2.1.3 Viscosupplements
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2.2 By Applications
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2.2.1 Orthopedic Pain Management
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2.2.2 Trauma Repair
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2.2.3 Cartilage and Tendon Repair
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2.2.4 Joint Reconstruction
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2.2.5 Others
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2.3 By End-User
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2.3.1 Hospitals
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2.3.2 Ambulatory Surgical Centers
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2.3.3 Others
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Italy
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2.4.2.5 Spain
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2.4.2.6 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 Australia
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2.4.3.5 South Korea
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2.4.3.6 Rest of Asia-Pacific
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2.4.4 Middle East and Africa
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2.4.4.1 GCC
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2.4.4.2 South Africa
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2.4.4.3 Rest of Middle East and Africa
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2.4.5 South America
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2.4.5.1 Brazil
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2.4.5.2 Argentina
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2.4.5.3 Rest of South America
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Global Orthopedic Regenerative Surgical Products Market Size FAQs
What is the current Global Orthopedic Regenerative Surgical Products Market size?
The Global Orthopedic Regenerative Surgical Products Market is projected to register a CAGR of 4.30% during the forecast period (2024-2029)
Who are the key players in Global Orthopedic Regenerative Surgical Products Market?
Zimmer Biomet, Stryker , AlloSource , Amniox Medical, Inc. and Anika Therapeutics, Inc. are the major companies operating in the Global Orthopedic Regenerative Surgical Products Market.
