Press release
Bone Morphogenetic Proteins Market Research Report Forecast to 2020
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According to an analysts at TMR, “the global market for bone morphogenetic proteins is experiencing a high rise, thanks to the increasing reports of trauma and sports injuries and the augmenting number of spinal fusion surgeries across the world. The market is also gaining from the significant growth in the population base of elderly people, who are prone to various bone-related disorders, such as arthritis, osteoporosis, and osteoarthritis. Over the years to come, the escalating demand for minimally invasive surgeries and the rising pool of patients suffering from lower back pain issues are likely to fuel the demand for bone morphogenetic proteins across the world, reflecting greatly on this market, states the report. On the flip side, the easy availability of a number of bone graft substitutes is expected to cause significant damage to the otherwise proliferating global market for bone morphogenetic proteins, in the near future. The detrimental side-effects, triggered by the off-label utilization of bone morphogenetic proteins and the high costs associated bone morphogenetic proteins, are also projected to impede the growth of this market in the coming years.
Nonetheless, continual advancements in these proteins and the increasing government support in terms of funds for research are anticipated to propel this market over the next few years, states the research report. With intense rivalry between Medtronic Plc., Cellumed Co. Ltd., and Stryker Corp., the global bone morphogenetic proteins market displays a highly competitive and concentrated business landscape, finds a new study by Transparency Market Research (TMR). These players are actively investing in research initiatives directed towards developing innovative products that match the changing requirements of consumers. Over the coming years, the leading players are expected to increasingly involve into mergers, acquisitions, and strategic alliances with local players and startups to strengthen their positions in the overall market, states the research report.
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