Global Bone Replacement Market Competitive Outlook 2023 | Zimmer Biomet, Johnson & Jonhson, Stryker

Bone replacement is the procedure of replacing or fixing damaged bones due to trauma, calcification, and resorption. Bone replacement procedures use implants, synthetic materials, and other biological agents. The procedure involves stimulating regrowth of bone tissue and placing the grafts in the target area to fill the gaps in the bone.

The need for bone replacement or reconstruction is constantly on the rise due to trauma injuries and an increase in the elderly population. This is evident from the statistics provided by NCBI. Approximately 7 million people in the US in 2015 have completely replaced their hips or knees due to arthritis and road accidents. According to the CDC, about 24.5% of women over 65 years of age in 2016 suffered from osteoporosis. These statistics clearly show the need for bone replacement in the current scenario.

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Factors that drive growth in the bone replacement market include the number of road accidents (at least 1.25 million per year), increasing elderly population, and technological advances in bone grafting devices. However, the high cost of bone replacement surgery and the ethical issues associated with bone grafting procedures are major market constraints. The presence of large patient pools and the increase in medical demand provide a favorable opportunity for market growth.

According to the World Health Organization (WHO), the elderly population in developing countries is expected to increase by 250% between 2010 and 2050, compared to 71% in developed countries. This is expected to increase the patient population in these regions, thereby promoting market growth.

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Market Players:

• Zimmer Biomet
• Johnson & Jonhson (Depuy Synthes)
• Stryker Corporation
• Smith & Nephew Plc.
• Wright Medical Group N.V.
• Medtronic Plc.
• Integra Healthcare Equipment Inc.

Report Benefits:

• This report provides a vast analysis of current and emerging market trends and dynamics in the global bone replacement market.

• This report provides in-depth analyzes by creating market estimates for key market segments between 2016 and 2023.

• A comprehensive analysis of the factors driving and limiting the growth of the global bone replacement market is provided.

• Key market participants in the bone replacement market are introduced in this report and strategies are thoroughly analyzed to help them understand the competitive landscape of the global bone replacement market.

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