Bone Replacement Market – Know Latest Trends & Forecast for Long-Term Business Planning Up to 2027

Bone replacement is a procedure of replacing or fixing bones that are damaged due to trauma, calcification, and resorption. The bone replacement procedure makes use of grafts, synthetic materials, and other biologics. The procedure involves placement of the graft in the targeted area to stimulate the regrowth of bone tissue and fill bone gaps. 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.

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COVID-19 scenario-

1) Due to the global pandemic all over the world, the medical devices manufacturers are majorly focusing on essential medical devices production including ventilators and diagnostics.

2) However, due to the precautionary measures taken by governments in various regions, the supply chain has been hampered. Which may result in shortage of devices in certain locations.

3) Food and Drugs Administration (FDA), on the other hand, shared a COVID-19 guidance with medical device manufacturers to notify the agency about changes that could affect availability of their products.

Global Bone Replacement Market Report provides an overview of the market based on key parameters such as market size, sales, sales analysis and key drivers. The market size of the market is expected to grow on a large scale during the forecast period (2020-2027). This report covers the impact of the latest COVID-19 on the market. The coronavirus epidemic (COVID-19) has affected all aspects of life around the world. This has changed some of the market situation. The main purpose of the research report is to provide users with a broad view of the market. Initial and future assessments of rapidly changing market scenarios and their impact are covered in the report.

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The procedure involves placement of the graft in the targeted area to stimulate the regrowth of bone tissue and fill bone gaps. 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 report segments the global bone replacement market on the basis of type, materials, age group, and geography.

Based on type, the market is categorized into hip, knee, and extremities. The hip segment is further divided into fixed bearing implants, hybrid total hip implants, mobile bearing total hip implants, and total hip implant fixation (cemented or cementless). The knee segment is bifurcated into partial knee replacement (PKR) and total knee replacement (TKR). The extremities segment is classified into an upper extremity (shoulder, elbow, hand & wrist replacement) and lower extremity (foot and ankle replacements).

In terms of material, the market is divided into allografts, autografts, synthetic materials, bone morphogenic proteins (BMPs), demineralized bone matrix (DBM), viscosupplements (hyaluronic acid (HA)), bone growth stimulators, and others.

Geographical breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.

To know more about the report, visit the website at @ https://www.alliedmarketresearch.com/bone-replacement-market

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