Bone Replacement Market Report Covering Trends, Market Share and Forecast to 2025 | Allied Market Research

The need of bone replacement or reconstruction is increasing continuously, owing to rise in traumatic injuries and growth in geriatric population. This is evident from the statistics provided by NCBI, which states that in 2015, around 7 million people in America underwent total hip or knee replacement due to arthritis and road accidents. Moreover, as per CDC, in 2016, about 24.5% women aged above 65 years were suffering from osteoporosis. These statistics clearly showcase the growing need for bone replacement in the current scenario.

The factors that drive the growth of bone replacement market are rise in number of road accidents (minimum more than 1.25 million each year), growth in geriatric population, and technological advancements in bone graft devices. However, high cost of bone replacement surgeries and ethical issues related to bone grafting procedures act as major restraints of the market. Presence of large patient pool and increase in medical needs provide lucrative opportunities for the growth of the market.

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According to the WHO, the geriatric population in the developing countries is projected to increase by 250% between 2010 and 2050 as compared to 71% in the developed countries. This is expected to increase the patient population in these regions, thereby fueling market growth.

Key Benefits:
• This report provides an extensive analysis of the current and emerging market trends and dynamics in the global bone replacement market.
• In-depth analysis has been done in this report by constructing market estimations for the key market segments between 2016 and 2023.
• Comprehensive analysis of factors that drive and restrict the growth of the global bone replacement market is provided.
• Key market players within the bone replacement market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the global bone replacement market.

Major players operating in the market include Zimmer Biomet, Johnson & Jonhson (Depuy Synthes), Stryker Corporation, Smith & Nephew Plc., Wright Medical Group N.V., Medtronic Plc., Integra Healthcare Equipment, Inc., Xtant Medical, B. Braun Melsungen AG, and Baxter International Inc.

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