Orthobiologics Market Analysis, Size, Trends | Global | 2019-2025 | MedSuite
- Year: 2019
- Scope: 2015-2025
- Region: China, Europe, India, Japan, South Korea, United States
- Published Date: 12/2/2018
- Pages: 1823
- Type: MedSuite
A particular trend in the U.S. orthobiologics market is competitors that are seeking to penetrate high growth segments outside their traditional space by distributing existing products manufactured by other companies, rather than creating their own. This often involves partnering with a company by taking on the costs associated with regulation and market approval, in exchange for exclusive market rights.
Several products within orthopedic biomaterials have much more market potential than others, but are also very expensive for manufacturers to develop and produce. This subsequently leads to
premium pricing to cover fixed and research and development (R&D) costs. This is the case for growth factor and cellular allograft competitors in the U.S. orthopedic biomaterials market. For
example, the R&D cost required to develop growth factor products is a major entry barrier against potential competitors. There are now three growth factor products in the United States. Since
they are all used for different indications, there is a lack of direct competition, allowing companies to charge a premium for their products. Despite high prices, the growth factor and cellular allograft segments have huge potential to expand as companies continue to research these products. Conversely, the commoditized nature in some parts of the market, such as the allograft and
possibly DBM segments, have limited growth.
The largest limiter in the U.S. orthobiologics markets is pricing pressure on nearly all products. Stakeholders that influence prices include consumers, physicians, hospitals, and
insurance providers. Many insurance providers are reluctant to cover such high costs for premium products, causing consumers to seek more inexpensive alternatives. This, in turn, affects how
likely physicians are to use them for procedures.
Constraints on reimbursements will continue to limit the European orthopedic biomaterials market. Presently, only a few premium products under the umbrella of pharmaceuticals are
reimbursed by the government or healthcare organizations in the European region. In addition to not being as well-received as reimbursed products, the lack of reimbursement drives pricing down, hinders innovation and discourages new entrants.
Report Regional Coverage
Throughout this research series, iData has covered several countries in great detail. Each country may be purchased as a stand-alone report, tailoring the data to your needs. The covered countries are:
- United States
- Europe (15 countries including: Germany, France, U.K., Italy, Spain, Benelux (Belgium, Netherlands and Luxembourg), Scandinavia (Denmark, Finland, Norway and Sweden) Austria, Switzerland and Portugal)
- South Korea
The Only Medical Device Market Research With:
|✔ Procedure Volume Data & Trends
✔ Unit Sales Growth Analysis
✔ Average Selling Prices
✔ Competitor Shares by Segment & Country
✔ SKU-Level Research Methods
✔ The Lowest Acquisition Cost
Highly Detailed Segmentation
While this report suite contains all data, each of the markets are also available as stand alone MedCore reports. This allows you to get access to only the market research that you need. You can view all these included reports and segmentation here:
- Procedure Numbers for Orthobiologics – MedPro
- Orthopedic Bone Graft Substitute Market – MedCore
- Orthopedic Growth Factor Market – MedCore
- Cellular Allograft Market – MedCore
- Orthopedic Cell Therapy Market – MedCore
- Hyaluronic Acid Viscosupplementation Market – MedCore
- Orthopedic Cartilage Repair Market – MedCore
- Spinal Machined Bone Allograft Market – MedCore
Buying all of these reports together in this suite package will provide you with substantial discounts from the separate prices. Request Pricing to Learn More
Full Segmentation Map for the United States Region
Data Types Included
- Unit Sales, Average Selling Prices, Market Value & Growth Trends
- Procedure Volume Analysis
- Forecasts Until 2025, and Historical Data to 2015
- Market Drivers & Limiters for Each Segment
- Competitive Analysis with Market Shares for Each Segment
- Recent Mergers & Acquisitions
- Disease Overviews and Demographic Information
- Company Profiles, Product Portfolios and SWOT for Top Competitors
Orthobiologics Market Share Insights
The competitive landscape among orthobiologics companies varies dramatically across different regions. For example, Medtronic and DePuy Synthes are battling for the leading market share in the United States market, with Zimmer Biomet and Sanofi trailing behind. Fidia actually has a minimal market share in the United States, in the single-digits, but significantly leads the European market.
Medtronic has the largest share in the United States bone graft substitute segment and has their dominating product, INFUSE™ in the growth factor market. This company’s growth has been recovering since the negative media attention and lawsuits regarding off-label usage of its growth factor bone morphogenetic protein (BMP) product, INFUSE®, which accounts for a significant portion of the company’s revenue in biologic therapy.
Fidia is the leading competitor in the total European orthopedic biomaterials market. However, the company is only present in the hyaluronic acid market. Extensive research of hyaluronic acid has solidified Fidia Farmaceutici S.p.A.’s leading position in the lucrative HA market. Fidia has increased their market share over the past few years, and a considerable amount of this expansion is due to Fidia’s expansion into the German market.
Throughout this series of research, iData analyzed over 130 companies to estimate market size, trends, and market shares of leading competitors. Below is a list of all companies analyzed throughout this study.
All Companies Analyzed in this Study
Orthobiologics Statistics and Procedure Trends
Procedures using orthobiologics are expected to continue to grow at a rapid rate. Procedures in the U.S. total nearly 4.5 million annually and are expected to surpass 7 million procedures by 2025. This growth is largely due to market developments relating to stem cells. Cellular allograft procedures are expected to grow the fastest by far. Orthopedic cartilage repair is the slowest-growing segment in terms of procedures, as the high prices are a barrier for many patients.
Procedures using bone graft substitutes in the Europe will continue to grow moderately over the forecast period. The most common type of material for bone graft substitutes is synthetic bone grafts. Because the use of autograft bone requires two incisions, and thus an increase in operation time, alternative graft options are often more preferable. Moreover, the process of demineralization can make grafts more osteoinductive in exchange for osteoconductivity when compared to allografts, but the high ASP, as well as stringent regulation in the EU and other European countries, have made demineralized bone matrix (DBM) the least common BGS material.
Latest Market Developments
December 2018 – Meda Pharmaceuticals sells manufacturing facility in the U.S. to ADM
November 2018 – Stryker acquires K2M
August 2018 – Wright Medical acquires Cartiva
Procedure Volume Analysis Segments in the United States
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