Bone Replacement Products Market Huge Growth in Future Scope 2021-2028 | Zimmer Biomet Holdings, Inc., B. Braun Melsungen AG, Stryker Corporation, Smith & Nephew Plc

Overview

The greatest benefit of bone regeneration or grafting over natural tissue is the speed with which it can occur. Because it is a living tissue, it replaces and develops new bone after trauma or disease. With advancements in modern medicine and cell rejuvenation technologies, today's surgical grafts are much more successful than even the best tissue transplant procedures of decades ago. Even bone loss and fractures can cause major discomfort and suffering, requiring extensive medical care. Surgical replacement restores confidence and functionality to patients while allowing them to get back to living their lives.

Market Statistics:

The global bone replacement products market was valued at US$ 31.7 billion in 2016 and is projected to exhibit a CAGR of 4.4% over the forecast period (2017 – 2025).

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Global Bone Replacement Products Market: Drivers

High prevalence of osteoporosis is expected to propel growth of the global bone replacement products market over the forecast period. For instance, according to the study, ‘The Prevalence of Osteoporosis in China, a Nationwide, Multicenter DXA Survey’, published in October 2019, in The Journal of Bone and Mineral Research, the age-standardized prevalence of osteoporosis at the spine or hip was 6.46% and 29.13% for men and women aged 50 years and older, respectively. A total of 10.9 million men and 49.3 million women in China were estimated to have osteoporosis.

Moreover, increasing obesity is also expected to aid in growth of the market. For instance, the study, ‘Rising incidence of obesity in Saudi residents. A threatening challenge for the surgeons’, published in the International Journal of Health Sciences, in January 2018, reported obesity in 42% of the study population with low physical activity levels and unhealthy dietary habits.

Global Bone Replacement Products Market: Opportunities

Launch of new technologies is expected to offer lucrative growth opportunities for players in the global bone replacement products market. For instance, in 2015, B. Braun Melsungen AG launched a new 7-layer advanced surface technology with zirconium nitride coated on knee implant to improve its mechanical properties and biocompatibility, thus reducing wear rate by 65%.

Global Bone Replacement Products Market: Recent Developments

Major players operating in the global bone replacement products market are focused on adopting collaboration and partnership strategies to enhance their market share. For instance, in 2015, United Orthopedic Corporation collaborated with Shinva Medical Instrument Co., Ltd and New China Life Health Co., Ltd. to expand the sales of bone replacement products in China.

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Covid-19 Impact Analysis:

Availability of effective therapies for the treatment of acute graft versus host disease is expected to offer lucrative growth opportunities for players in the global bone replacement products market. For instance, in September 2020, Avalon GloboCare Corp., a clinical-stage developer of cell-based technologies and therapeutics, launched its new allogeneic mesenchymal stromal cell therapeutic platform, a potential therapy for COVID-19 and for bone marrow transplant related complications of acute graft versus host disease.

Key Takeaways:

The global bone replacement products market is expected to exhibit a CAGR of 4.4% over the forecast period

Market Trends:

North America is expected to witness significant growth in the global bone replacement products market, owing to increasing number of hip procedures in the region. For instance, according to American Academy of Orthopedic Surgeons, by 2030, primary total joint replacement is projected to increase by 171% and primary total knee replacement is projected to increase by up to 189%, for a projected 635,000 and 1.28 million procedures, respectively, in the U.S.

Europe is also expected to witness significant growth in the global bone replacement products market, owing to increasing cases of sports-related injuries in the region. For instance, in November 2018, the study, ‘Results on sports-related injuries in children from NHS emergency care dataset Oxfordshire pilot: an ecological study’, children aged between 0–19 years accounted for 47.4% of sports injury-related emergency department attendances and around 23.5% of sports injury-related admissions for all ages.

Global Bone Replacement Products Market: Competitive Landscape

Major players operating in the global bone replacement products market include, B. Braun Melsungen AG, Depuy Synthes, Exactech, Inc., Japan Medical Dynamic Marketing, Inc., JRI Orthopedics, Medtronic Plc., Mathys, Stryker Corporation, Smith & Nephew Plc, United Orthopedic Corporation, and Zimmer Biomet Holdings, Inc.

Global Bone Replacement Products Market: Key Developments

Major players operating in the global bone replacement products market are focused on adopting M&A strategies to expand their product portfolio. For instance, in 2016, Zimmer acquired LDR Holding Corporation to enhance innovation and growth of their spine segment.

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Table Of Contents:

1. Overview and Scope

1.1. Research goal & scope

1.2. Research assumptions

1.3. Research methodology

1.3.1. Primary data sources

1.3.2. Secondary data sources

1.4. Key takeaway

1.5. Stakeholders

2. Executive Summary

2.1. Market definition

2.2. Market segmentation

3. Bone Replacement Products Market Insights

3.1. Bone Replacement Products - Industry snapshot

3.1.1. Leading Companies

3.1.2. Key Companies to Watch

3.2. Bone Replacement Products - Ecosystem analysis

3.2.1. Market overview

3.2.2. Commercial Landscape

3.3. Bone Replacement Products Market Dynamics

3.3.1. Market Forces

3.3.1.1. Market Driver Analysis

3.3.1.2. Market Restraint/Challenges analysis

3.3.1.3. Market Opportunity Analysis

3.4. Industry analysis – Porter’s five forces

3.4.1. Bargaining power of supplier

3.4.2. Bargaining power of the buyer

3.4.3. Threat of substitute

3.4.4. The threat of new entrant

3.4.5. Degree of competition

3.5. Market PEST Analysis

3.6. Market Value Chain Analysis

3.7. Industry Trends

3.8. Competitive Ranking Analysis

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