AlloSource, one of the largest providers of cartilage, cellular, bone, skin and soft-tissue allografts for use in surgical procedures and wound care to advance patient healing, announced the launch of two new innovative demineralized cortical fiber allografts, AlloFuse Cortical Fibers and the AlloFuse Fiber Boat. AlloFuse Select CM combines osteoconductive, osteoinductive, and osteogenic properties to support the initiation and nurturing of bone growth, leading to consistent spinal fusion outcomes and delivering the benefits of autograft bone without the potential drawbacks. The product engages the body’s natural healing power and can be used in a variety of spinal, neurologic, and orthopedic procedures.
AlloSource is one of the largest nonprofit cellular and tissue networks in the country, offering more than 200 types of precise cartilage, cellular, bone, skin and soft-tissue allografts to advance patient healing. For more than 20 years, AlloSource’s products have bridged the proven science of allografts with the advanced technology of cells, offering life-saving and life-enhancing possibilities in spine, sports medicine, foot and ankle, orthopedic, reconstructive, trauma and wound care procedures. As the world’s largest processor of cellular bone allografts, fresh cartilage tissue for joint repair and skin allografts to help patients heal from severe burns, AlloSource delivers unparalleled expertise and service to its growing network of surgeons, partners, and the country’s most reputable organ procurement organizations. The company is accredited by the American Association of Tissue Banks. AlloSource, providers of cellular, cartilage, bone, skin and soft-tissue allografts to advance patient healing in surgical procedures will highlight AlloFuse Select CM at the North American Spine Society Annual Meeting (NASS).
Market Data Forecast published a report named Spine Biologics Market Size was worth USD 226 billion in 2018 and estimated to be growing at a CAGR of 4.4%, to reach USD 280 billion by 2023.
Report is segmented by:
- Anterior Cervical Discectomy and Fusion
- Posterior Lumbar Interbody Fusion
- Transforaminal Lumbar Interbody Fusion
- Anterior Lumbar Interbody Fusion
- Lateral Lumbar Interbody Fusion
- Bone graft
- Bone graft substitutes
- Platelet rich plasma
- Bone marrow aspirate therapy
Based on surgery type, Anterior Cervical Discectomy and Fusion contributed to a large share in the market. Under product type, the bone grafts substitutes segment accounted for a major share of the market.
Based on geography, the market is analyzed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Spine Biologics market was dominated by North America followed by Europe. Asia Pacific is expected to register a high CAGR.
Key market players in the market are –
- Alphatec Holdings, Inc.
- Depuy Synthes (Johnson & Johnson)
- Exactech, Inc.
- Globus Medical, Inc.
- Medtronic plc.
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The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
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