Orthobiologics Market Analysis, Size, Trends | South Korea | 2020-2026 | MedSuite
- Year: 2020
- Scope: 2016-2026
- Region: South Korea
- Pages: 293
- Published Date: 02/11/2020
- Type: MedSuite
In 2020, the South Korean orthobiologics market size was valued at $141.6 million, with over 200,000 bone grafting procedures performed every year. The market size is expected to increase at a compound annual growth rate (CAGR) of 3.6% to reach $181.5 million in 2026.
Throughout this medical market research, we analyzed 16 orthobiologics companies across South Korea and used our comprehensive methodology to understand the market sizes, unit sales, company market shares, and to create accurate forecasts.
While this MedSuite report contains all of the South Korean Orthopedic Biomaterials market data and analysis, each of the market segments is also available as stand-alone MedCore reports. This allows you to get access to only the market research that you need.
DATA TYPES INCLUDED
- Unit Sales, Average Selling Prices, Market Value & Growth Trends
- Forecasts Until 2026, and Historical Data to 2016
- Market Drivers & Limiters for Each Orthopedic Biomaterials Device market
- Competitive Analysis with Market Shares for Each Segment
- Recent Mergers & Acquisitions
- Orthopedic Biomaterials Procedure Volumes
- Disease Overviews and Demographic Information
- Company Profiles, Product Portfolios and SWOT for Top Competitors
- Related Press Releases from Top Competitors
Market Value and Industry Trends
A lack of product differentiation across similar injection cycle products has led to commoditization, which has stifled innovation and the further development of new products. Similar to Japan, the prices of HA viscosupplementation products in South Korea have drastically decreased since their introduction and are among the lowest in the world.
Surgical procedures that require the use of orthopedic biomaterials are generally associated with diseases and indications that become more prevalent in the population with an increase in age, such as osteoarthritis of the spine and knee. By 2020, approximately 15% of South Koreans were aged 65 and over; this proportion is projected to grow steadily over the forecast period, as further cohorts of baby boomers turn 65.
The bone graft substitute market in South Korea is primarily dominated by allografts and DBM allografts. A major driver to their usage is that they are both easily accessible, as they are distributed by several companies and bone banks.
By 2020, the leading competitor in the South Korean orthopedic biomaterials market was Cellumed, which was attributed to its leading position in the orthopedic bone graft substitute market. The company held the second-leading position in the allograft and DBM allograft markets.
JunYoung Medical was the second-leading competitor, which was attributed to its second-leading position in the orthopedic bone graft substitute market. The company held the leading position in the allograft market and the third-leading position in the DBM allograft market. JunYoung Medical does not manufacture its own products, but instead distributes allograft and DBM allograft products for LifeNet Health.
Other notable competitors included, but were not limited to, Shin Poong, HansBiomed, LG Chem, and DongKook. The presence of local companies in South Korea is strong, and only a few international companies have been able to secure notable share in the orthopedic bone graft substitute market.
Click on each title to view more detailed market segmentation.
- Procedure Volumes for Orthopedic Biomaterials Devices – MedPro – The complete procedural analysis for each segment of the South Korean Orthopedic Biomaterials market.
- Orthopedic Bone Graft Substitute Market – MedCore – This market is segmented by Material Type, including Allograft, Demineralized Bone Matrix Allograft, and Synthetic. Each of these material types are segmented by Indication, including Spine, Trauma, Large Joint Reconstruction, Foot Reconstruction, Craniomaxillofacial, and Oncology.
- Hyaluronic Acid Viscosupplementation Market – MedCore – This market is categorized by Treatment Type, including Single-Injection, Three-Injection and Five-Injection.
Detailed Market Segmentation
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TABLE OF CONTENTS FOR THE SOUTH KOREAN ORTHOPEDIC BIOMATERIALS MARKETTABLE OF CONTENTS ILIST OF FIGURES VIIILIST OF CHARTS XVEXECUTIVE SUMMARY 1SOUTH KOREAN ORTHOPEDIC BIOMATERIALS MARKET OVERVIEW 1COMPETITIVE ANALYSIS 3MARKET TRENDS 5MARKET DEVELOPMENTS 6PROCEDURE NUMBERS 7MARKETS INCLUDED 8KEY REPORT UPDATES 10VERSION HISTORY 10RESEARCH METHODOLOGY 11Step 1: Project Initiation & Team Selection 11Step 2: Prepare Data Systems and Perform Secondary Research 14Step 3: Preparation for Interviews & Questionnaire Design 16Step 4: Performing Primary Research 17Step 5: Research Analysis: Establishing Baseline Estimates 19Step 6: Market Forecast and Analysis 20Step 7: Identify Strategic Opportunities 22Step 8: Final Review and Market Release 23Step 9: Customer Feedback and Market Monitoring 24
PRODUCT ASSESSMENT2.1 INTRODUCTION 252.2 PRODUCT PORTFOLIOS 252.2.1 Bone Graft Substitutes 262.2.2 Growth Factors 3188.8.131.52 Other Products 352.2.3 Hyaluronic Acid Viscosupplementation (HAV) 372.3 REGULATORY ISSUES AND RECALLS 402.3.1 Bone Graft Substitutes 402.3.1.1 Allografts 402.3.1.1.1 MTF 402.3.1.2 DBM 402.3.1.2.1 AlloSource 402.3.1.2.2 SeaSpine 4184.108.40.206.3 RTI Surgical 4220.127.116.11 Synthetics 418.104.22.168.1 Abyrx 422.214.171.124.2 Zimmer Biomet 422.3.2 Growth Factors 4126.96.36.199.1 Medtronic 422.3.3 Hyaluronic Acid Viscosupplementation 4188.8.131.52 Three-injection 4184.108.40.206.1 Ferring Pharmaceuticals 432.4 CLINICAL TRIALS 442.4.1 Bone Graft Substitutes 4220.127.116.11 Allografts 418.104.22.168.1 Providence Medical Technology 422.214.171.124.2 The University of Texas Health Science 4126.96.36.199.3 University of Winchester 4188.8.131.52 BDM 4184.108.40.206.1 K2M 4220.127.116.11.2 Zimmer Biomet 418.104.22.168 Synthetics 422.214.171.124.1 Baxter 4126.96.36.199.2 Bonesupport 4188.8.131.52.3 DePuy Synthes 4184.108.40.206.4 NuVasive 4220.127.116.11.5 RTI surgical 418.104.22.168.6 Sunstar GUIDOR 502.4.1.4 Other materials and comparison 522.214.171.124.1 Seoul National University Hospital. 5126.96.36.199.2 Sewon Cellontech 5188.8.131.52.3 SurgaColl Technologies Limited 5184.108.40.206.4 University of Colorado 5220.127.116.11.5 University of Padova 532.4.2 Growth Factors 518.104.22.168.1 Bioventus 522.214.171.124.2 Cerapedics 5126.96.36.199.3 CGBio 5188.8.131.52.4 Isto 5184.108.40.206.5 Medtronic 5220.127.116.11.6 NuVasive 518.104.22.168.7 Wright 522.214.171.124.8 Others 582.4.3 Hyaluronic Acid Viscosupplementation 5126.96.36.199.1 Anika Therapeutics 5188.8.131.52.2 Bioventus 602.4.3.1.3 Cairo University 6184.108.40.206.4 Ferring Pharmaceuticals 6220.127.116.11.5 Federal University of Minas Gerais 618.104.22.168.6 Fidia Pharma USA Inc. 622.214.171.124.7 Istituto Ortopedico Rizzoli 6126.96.36.199.8 University Hospital 6188.8.131.52.9 Universidade Nova de Lisboa 64
SOUTH KOREAN ORTHOPEDIC BIOMATERIALS MARKET OVERVIEW3.1 INTRODUCTION 653.1.1 Bone Graft Substitutes 653.1.2 Growth Factors 653.1.3 Hyaluronic Acid (HA) Viscosupplementation 663.2 CURRENCY EXCHANGE RATE 673.3 MARKET OVERVIEW AND TREND ANALYSIS 683.4 DRIVERS AND LIMITERS 753.4.1 Market Drivers 753.4.2 Market Limiters 753.5 COMPETITIVE MARKET SHARE ANALYSIS 773.6 MERGERS AND ACQUISITIONS 823.7 COMPANY PROFILES 843.7.1 Anika Therapeutics 843.7.2 Bioventus 853.7.3 DePuy Synthes 863.7.4 Ferring Pharmaceuticals 873.7.5 Fidia Pharmaceuticals 883.7.6 Genzyme (Sanofi Group) 893.7.7 Harvest Technologies (Terumo BCT) 903.7.8 Integra LifeSciences 913.7.9 Medtronic 923.7.10 Musculoskeletal Transplant Foundation (MTF) 943.7.11 NuVasive 953.7.12 Orthofix 963.7.13 RTI Surgical 973.7.14 Stryker 983.7.15 Vericel Corporation (formerly Aastrom Bioscience) 993.7.16 Zimmer Biomet 1003.8 SWOT ANALYSIS 1023.8.1 Anika Therapeutics 1023.8.2 Bioventus 1043.8.3 DePuy Synthes 1063.8.4 Ferring Pharmaceuticals 1073.8.5 Fidia Pharmaceuticals 1083.8.7 Harvest Technologies (Terumo BCT) 1103.8.8 Integra LifeSciences 1113.8.9 Medtronic 1123.8.10 Musculoskeletal Transplant Foundation (MTF) 1133.8.11 NuVasive 1143.8.12 Orthofix 1153.8.14 Stryker 1173.8.15 Vericel Corporation (formerly Aastrom Bioscience) 1183.8.16 Zimmer Biomet 119
PROCEDURE NUMBERS4.1 INTRODUCTION 1214.2 PROCEDURES 1224.2.1 Orthopedic Biomaterial Procedures by Segment 1224.2.2 Orthopedic Bone Grafting Procedures 1244.2.2.1 Units per Procedure by Indication 1244.2.2.2 Orthopedic Bone Grafting Procedures by Material 1254.2.2.2.1 Autograft Procedures by Indication 12184.108.40.206.2 Allograft Procedures by Indication 1304.2.2.2.3 DBM Procedures by Indication 13220.127.116.11.4 Synthetic Procedures by Indication 1318.104.22.168 Orthopedic Bone Grafting Procedures by Indication 1394.2.3 Hyaluronic Acid Viscosupplementation Procedures 1422.214.171.124 Hyaluronic Acid Viscosupplementation Procedures by Injection Cycle 142
ORTHOPEDIC BONE GRAFT SUBSTITUTE MARKET5.1 INTRODUCTION 1445.2 MARKET OVERVIEW 1455.2.1 Orthopedic Bone Graft Substitute Market by Material 1455.2.2 Orthopedic Bone Graft Substitute Market by Indication 1505.3 MARKET ANALYSIS AND FORECAST 1565.3.1 Total Orthopedic Bone Graft Substitute Market 1565.3.2 Orthopedic Bone Graft Substitute Market by Material 15126.96.36.199 Allograft Bone Graft Substitute Market 15188.8.131.52.1 Allograft Bone Graft Substitute Market by Indication 16184.108.40.206 Demineralized Bone Matrix Allograft Bone Graft Substitute Market 17220.127.116.11.1 Demineralized Bone Matrix Allograft Bone Graft Substitute Market by Indication 1718.104.22.168 Synthetic Bone Graft Substitute Market 1922.214.171.124.1 Synthetic Bone Graft Substitute Market by Indication 1955.3.3 Orthopedic Bone Graft Substitute Market by Indication 2095.3.3.1 Spine Bone Graft Substitute Market 2095.3.3.2 Cervical Spine Bone Graft Substitute Market 2126.96.36.199 Thoracolumbar Spine Bone Graft Substitute Market 2188.8.131.52 Trauma Bone Graft Substitute Market 2184.108.40.206 Non-Union Trauma Bone Graft Substitute Market 2220.127.116.11 Fresh Fracture Trauma Bone Graft Substitute Market 218.104.22.168 Large Joint Reconstruction Bone Graft Substitute Market 222.214.171.124 Hip Reconstruction Bone Graft Substitute Market 22126.96.36.199 Knee Reconstruction Bone Graft Substitute Market 22188.8.131.52 Foot Reconstruction Bone Graft Substitute Market 2305.3.3.11 Craniomaxillofacial Bone Graft Substitute Market 23184.108.40.206 Oncology Bone Graft Substitute Market 2365.4 DRIVERS AND LIMITERS 2395.4.1 Market Drivers 2395.4.2 Market Limiters 2395.5 COMPETITIVE MARKET SHARE ANALYSIS 241
HYALURONIC ACID VISCOSUPPLEMENTATION MARKET6.1 INTRODUCTION 2456.1.1 Benefits of Viscosupplementation 2466.1.2 Synovial Fluid 2466.2 MARKET OVERVIEW 2476.3 MARKET ANALYSIS AND FORECAST 2536.3.1 Total Hyaluronic Acid Viscosupplementation Market 2536.3.2 Single-Injection Hyaluronic Acid Viscosupplementation Market 2566.3.3 Three-Injection Hyaluronic Acid Viscosupplementation Market 2596.3.4 Five-Injection Hyaluronic Acid Viscosupplementation Market 2626.4 DRIVERS AND LIMITERS 2656.4.1 Market Drivers 2656.4.2 Market Limiters 2656.5 COMPETITIVE MARKET SHARE ANALYSIS 267
APPENDIX: ORTHOPEDIC GROWTH FACTOR MARKET7.1 INTRODUCTION 2717.1.1 BMP-2 (Cellumed, CG Bio) 272
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