Artificial Bone Market Revenue Opportunies By Key Vendors Baxter International Inc., Medtronic plc, Stryker Corporation, Orthofix International N.V., AlloSource, Inc., Johnson & Johnson, NuVasive, Inc., and Smith & Nephew plc.

Repairing of damaged bones is a critical clinical issue faced by orthopaedic surgeons, which is generally overcome by bone transplantation. Bone transplantation materials are primarily divided into three types, namely same body bone, different body bone, and artificial bone. Excellent bone substitutes are required to provide fine biological compatibility as well as also act positively in bone reconstruction in terms of speeding bone repair and achieving better therapeutic effects. Artificial bone is a bone-like material created in a laboratory, which is used in bone grafts to replace human bones.

Inorganic non-metallic materials such as Hydroxyapatite (HA) are increasingly being used for artificial bone applications, owing to its good biocompatibility in bone contact, as its chemical composition is similar to that of bone material. A study published in Artificial Cells, Nanomedicine, and Biotechnology Journal in March 2014, highlighted the clinical effectiveness of nano-hydroxyapatite (Nano-HA) artificial bone. The study shows that, 27 patients suffering with bone defects are treated with Nano-HA artificial bone. After, the continuous follow-up for around 18.5 months, patients’ defected bone shows good biocompatibility with Nano-HA artificial bone, without and side effects and complication. Moreover, increasing adaptation of innovative material in the manufacturing of artificial bone, will expected to boost the market.

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Artificial Bone Market – Drivers

Increasing technological development in artificial bones is currently driven with 3-D printing design. The new 3-D printing design is a relatively safer and effective technology in the manufacturing of artificial bones. Various research organizations are engaged in carrying out extensive research and development in 3-D artificial bone design profiling. For instance, according to the data published in ScienceDaily Journal, in August 2017, researchers from University of British Columbia, Canada, developed a new artificial bone design that can be customized and made with a 3-D printer for stronger, safer, and highly effective bone replacements.

Rising incidence of trauma and accidents across the globe, in turn, is increasing the prevalence of bone damage, which is thus expected to boosting the growth of the artificial bone market. For instance, according to the Centers for Disease Control and Prevention (CDC), around 2.5 million people were hospitalized in the U.S. in 2014, due to accident injuries, indicating high risk of bone damage. This in turn, offers lucrative opportunity to boost artificial bone market over the forecast period (2018 – 2026). Moreover, the National Trauma Institute in 2014, revealed that economic burden due to trauma cases increased to US$ 671 billion, including healthcare costs and lost productivity costs.

Artificial Bone Market – Regional Analysis

Geographically, the global artificial bone market is segmented into North America, Latin America, Europe, Middle East, Asia Pacific, and Africa. North America holds the dominant position in the artificial bone market.

North America contributes the maximum share in the artificial bone market and is expected to generate high revenue during the forecast period, owing to increasing research and development activities in the field of artificial bone, which results in development of innovative artificial bone manufacturing technologies in the region.

Artificial Bone Market – Competitors

Some of the key players operating in the artificial bone market are Baxter International Inc., Medtronic plc, Stryker Corporation, Orthofix International N.V., AlloSource, Inc., Johnson & Johnson (DePuy Synthes), NuVasive, Inc., and Smith & Nephew plc.

Artificial Bone Market – Taxonomy

By Material:

Ceramics
Composite
Polymer
Hydroxyapatite
Others

By Application:

Spinal Fusion
Dental
Craniomaxillofacial
Joint Reconstruction
Trauma and Extremities

By End User:

Hospitals
Specialty Clinics
Research Organizations

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East
Africa

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This release was published on openPR.