PUBLISHER: iData Research Inc. | PRODUCT CODE: 1676625
PUBLISHER: iData Research Inc. | PRODUCT CODE: 1676625
The global orthopedic growth factor market was valued at $1.05 billion in 2024 and is projected to grow at a CAGR of 2.2%, reaching $1.2 billion by 2031.
This market is segmented by indication type, including:
Market Insights & Data Coverage
Market Trends
* The COVID-19 pandemic led to a decline in sales due to canceled elective surgeries in 2020.
* Despite this temporary disruption, the market recovered strongly by 2022 and returned to steady growth.
* Spinal fusion remains a key driver of growth for orthopedic growth factors.
* Ongoing clinical research supports the efficacy of growth factors in bone healing and spinal procedures.
* Companies are securing FDA approvals for expanded indications, leading to wider adoption of orthopedic growth factors.
* Recent approvals have fueled growth in the cervical disc degeneration and hindfoot/ankle fusion segments.
Market Share Insights
Top Competitors in the Global Orthopedic Growth Factor Market (2024):
1 Medtronic
* Market leader in the orthopedic growth factor segment.
* INFUSE(R) remains the gold standard for spinal fusion therapies.
2 Cerapedics
* Second-largest market share with its i-Factor(TM) product.
* Expanded FDA approval allows i-Factor(TM) to be used in single-level anterior cervical discectomy fusion (ACDF) with an allograft bone ring or fusion interbody device.
3 Stryker
* Third-largest competitor, known for its AUGMENT(R) product line.
* AUGMENT(R) is the first and only FDA-approved alternative to autograft for hindfoot and ankle arthrodesis.
Market Segmentation Summary
Cervical Disc Degeneration Market
Tibial Fracture Market
Spine Market
Ankle & Hindfoot Fusion Market
Global Research Scope
* North America (U.S., Canada)
* Latin America (Brazil, Mexico, Argentina, Colombia, Chile)
* Western Europe (Germany, France, U.K., Spain, Italy)
* Central & Eastern Europe (Poland, Russia, Turkey, Hungary)
* Middle East (Saudi Arabia, UAE, Israel)
* Asia Pacific (China, Japan, India, South Korea, Australia)
* Africa (South Africa, Egypt, Nigeria, Kenya)
Quantitative Coverage
Qualitative Coverage
Data Sources: