Bone Morphogenetic Proteins Market Reach a value of US$0.58 bn by the end of 2014 - 2022

Global Bone Morphogenetic Proteins Market: North America to Remain Leading Geographical Segment, Says TMR

As per the report’s estimations, the global market for bone morphometric proteins will witness a sluggish rise at a CAGR of 2.10% over the period from 2014 to 2022 and reach a value of US$0.58 bn by the end of the forecast period. Spinal fusion has emerged as the leading application area of bone morphogenetic proteins and is expected to continue report high demand in the near future. Among all types of bone morphogenetic proteins, rhBMP-2 is enjoying the most prominent demand at present. Researchers predict the trend to remain so over the next few years.

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The global protein expression technology market is segmented on the basis of Types, Geography,recombinant

Based on the types of recombinant BMPs, applications, and geography. Based on recombinant BMP types, the market has been further segmented into two major segments namely, rhBMP-2 and liquid rhBMP-7. Among the type segments, the rhBMP-2 segment accounted for the largest share (in terms of revenue) of the market in 2013. rhBMP-2 has been widely accepted by physicians and surgeons across the globe due to their effectiveness in treating lower back spinal fusions. rhBMP-7 on the other hand is expected to completely diminish from the market in the future due to withdrawal of OP-1/Opgenra from the market since August 2014. In terms of application, spinal fusion currently accounts for the largest share of the market, followed by trauma. However, the reconstructive segment is likely to grow at a low CAGR during the forecast period from 2014 to 2022. The reason for sluggish growth is limited usage of BMP products for reconstructive surgery and presence of numerous well-established alternative bone graft substitutes.

Based on Applications has been extensively analyzed on the basis of factors such as product approval date, product demand, sales revenue, geographic presence and product features. The market size and forecast in terms of revenue (USD million) for each of these segments have been provided for the period from 2012 to 2022, considering 2013 and 2014 as the base years. The report also provides the compound annual growth rate (CAGR) for each segment for the forecast period from 2014 to 2022.

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Summary of Table of Content
Introduction
Executive Summary
Market Overview
Bone Morphogenetic Proteins Market, by Types
Bone Morphogenetic Proteins Market, by Application
Bone Morphogenetic Proteins Market, by Geography
Recommendation
Company Profiles

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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