Bone Marrow Aspirate Concentrates Market Trends, Business Overview, Industry Growth and Forecast to 2028

The bone marrow aspirate concentrates market is anticipated to grow at a significant CAGR of 5.2% during the forecast period (2022-2028). The fluid collected from the bone marrow is used to make bone marrow aspirate concentrate. Mononuclear cell concentration, red blood cells, immature myeloid precursors, granulocytes, and platelets are all components of bone marrow aspirate concentrate, which are obtained through a minimally invasive procedure that avoids the risks of an open bone graft procedure. These cells can aid in the healing of certain bone and joint conditions. The growth of the bone marrow aspirate concentrate market is being driven by an increase in the prevalence of orthopedic diseases and sports injuries, as well as the high growth of the cosmetic surgery industry and increasing applications of bone marrow aspirate concentrate (BMAC) products in cosmetic and orthopedic surgeries.

The global bone marrow aspirate concentrates market is segmented based on product and application. Based on type, the market is sub-segmented into bone marrow aspirate concentrates systems and bone marrow aspirate concentrates accessories. Based on application, the market is sub-segmented into orthopedic surgery, wound healing​, peripheral vascular disease​, blood cancer​, and others. Among these applications, the orthopedic surgery segment is expected to propel the growth of the market due to the increasing cases of osteoarthritis. According to a collaborative survey, conducted by the UN and the World Health Organization (WHO), 80-90% of people in China alone are suffering from osteoarthritis, of which more than 55% are aged 60 years or above. According to the World Health Organization (WHO), around 9.6% of men and 18.0% of women aged over 60 years have symptoms of osteoarthritis around the globe. Bone marrow-derived stem cell therapy is one of the most promising and sophisticated therapies for osteoarthritis, reducing damage healing time from four to six months in the case of surgery to five to six weeks. Thus, as a result of the high prevalence of osteoarthritis and the rising desire for bone marrow-derived stem cell treatment, the bone marrow aspirate concentrates market is expected to rise.

The market players are also contributing significantly to the market's growth by adopting various strategies, including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in June 2019, EmCyte announced that it has received FDA 510(k) clearance for its PureBMC Supraphysiologic Concentrating System. This system is cleared for the safe and rapid preparation of platelet concentrate and cell concentrate from a small sample of bone marrow aspirate. Bone marrow's platelet and cell concentrate are the strongest autologous biologic prepared at the point-of-care. The system's clearance is uniquely powerful in that as it does not require bone marrow aspirate to be mixed or diluted with whole blood, a method that reduces cell potency and strength.

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Market Coverage
•The market number available for - 2021-2028
•Base year- 2021
•Forecast period- 2022-2028
•Segment Covered-
•By Product
•By Application
•Regions Covered-
•North America
•Europe
•Asia-Pacific
•Rest of the World

Competitive Landscape- Arthrex, Inc., Globus Medical, Inc., Terumo BCT, Zimmer Biomet, ThermoGenesis Corp., Stryker Corp., and Ranfac Corp.,among others.

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Global Bone Marrow Aspirate Concentrates Market Report by Segment
By Product
•Bone Marrow Aspirate Concentrates Systems
•Bone Marrow Aspirate Concentrates Accessories
By Application
•Orthopedic Surgery
•Wound Healing
•Peripheral Vascular Disease
•Blood Cancer
•Others

Key questions addressed by the report
•What is the market growth rate?
•Which segment and region dominate the market in the base year?
•Which segment and region will project the fastest growth in the market?
•How has COVID-19 impacted the market?
•Deviation from the pre-COVID-19 forecast
•Most affected region and segment
•Who is the leader in the market?
•How players are addressing challenges to sustain growth?
•Where is the investment opportunity?

 

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This release was published on openPR.