Submitted by: Submitted by kksingha
Views: 10
Words: 437
Pages: 2
Category: Business and Industry
Date Submitted: 08/18/2016 04:31 AM
The key aim of orthobiologics is to catalyze the process of skeletal healing the building of the tissue above it. These are the substances that can significantly improve the healing time of ligaments, tendons, muscles, and bones. While the human body is capable of naturally producing orthobiologic substances, the incorporation of additional chemicals can speed up the healing process remarkably.
As per the findings released in the report, the global orthobiologics market is being driven by an increase in the general requirement for performing musculoskeletal therapies and procedures. There is a growing rate of accidents – whether road or athletic – across the world, boosting the demand for orthobiologics. Most importantly, the core application of this market will lie in the treatment of osteoarthritis, which is shown to be rising in prevalence.
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One of the key demographics in need of orthobiologics is the elderly. The geriatric population shows a high tendency towards developing bone and muscle related problems, especially arthritis.
On the other hand, the global orthobiologics market is being impeded by the lack of insurance and medical bill reimbursement policies in developed nations. Coupled with the high medical expenses developed by healthcare organizations in these locations, the citizens are compelled to either not avail treatment, or look to medical tourism for solutions.
The report draws a focused and investigative sketch of the global orthobiologics market on the basis of applications, product types, and geography.
In terms of products, the segment of viscosupplementation was the largest in the global orthobiologics market for 2012, owing to a high demand for knee replacement surgeries, where it is used most commonly. The key advantage of using viscosupplementation is its higher effectiveness in comparison to...