Spine Biologics Market is Projected to Gain Significant Value by 2024

2021-10-25
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A biologic is a substance which actively alters its surrounding environment and effects a change through a biological process. Biologics have been an increasingly important component to be used in spinal fusion surgery, due to the growing awareness about their potential impact, usage of bone graft substitutes, and the rising geriatric population. Read Report Overview - Spine biologics are used in the treatment of spine trauma, tumors, and degenerative diseases in order to achieve arthrodesis in case of deformity or instability. They actively improve bone formation and stimulate spinal fusion, unlike metals, which are inert and do not alter cell function or stimulate cell growth. The favored usage of biologics among surgeons, the minimal pain and invasiveness they cause, and the rise in obesity as well as geriatric population are drivers of the global spine biologics market. However, the high cost of the process is expected to be a constraint during the forecast period. Request Brochure of Report - The spine biologics market has been segmented by product, type of surgery, end-user, and regions. In terms of product type, spine biologics are classified into the bone graft, bone graft substitution, platelet rich plasma (PRP), and bone marrow aspirate (BMAC) categories. Based on type of surgery, the divisions are anterior cervical discectomy and fusion (ACDF), anterior lumbar interbody fusion (ALIF), lateral lumbar interbody fusion (LLIF), and transforaminal lumbar interbody fusion (TLIF). Bone morphogenetic protein is predominantly employed in spinal surgery. RhBMP-2 approved by FDA in 2002 and marketed as infuse by Medtronic Sofamor Danek, Inc. is used for insertion within a titanium tapered cage in anterior lumbar interbody fusion surgery. Geographically, the spine biologics market is distributed over North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. North America holds a major share in the market, followed by Europe, due to developed technologies and hospitals, rise in the citizens’ per capita income, and improved medical literacy. The market in Asia Pacific is projected to expand at a higher rate due to the rising population, significant improvements in medical technology, awareness, improved medical coverage, and growing demands in India and China. Pre Book Spine Biologics Market Report at Some of the key players operating in the market include Alphatec Spine, DePuy Spine, Medtronic, Stryker Corporation, Smith & Nephew Plc, Orthovita Inc., Zimmer Spine Inc., K2M, Nuvasive, Lattice Biologics, Arthrex, Inc., DMP Spine, Orthofix Holdings, RTI Surgical, Wright Medical Technology, Cesca Therapeutics, and Precision Spine. These companies are following strategic approaches such as mergers and product launches while also focusing on cost-effective surgeries and patient awareness to maintain a significant position in the global spine biologics market. Browse more Reports by Transparency Market Research: HER2 Antibodies Market: The growth of the global HER2 antibodies market is prophesized to be shaped by the rising demand for the antibodies worldwide. The market is gathering momentum from the augmented awareness about the rising prevalence of HER2 positive breast cancer. Various statistics reflect that the incidences of breast cancer has increased manifold over the last decade. Cartilage Degeneration Market: A staggering increase in the number of obese people on account of high consumption of junk food and lack of physical exercise will also fuel the growth of the market in North America. 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The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories. TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision. Contact Mr. Rohit Bhisey Transparency Market Research State Tower, 90 State Street, Suite 700, Albany NY - 12207 United States USA - Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com Website:
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