The elevating incidence of musculoskeletal injuries globally is expected to favor the rise in the biological bone repair materials market
Meridian Market Consultants (MMC) has published a new report titled, “2020-2025 Global and Regional Biological Bone Repair Materials Industry Production, Sales and Consumption Status and Prospects Professional Market Research Report (Enhanced Version)”
Global Biological Bone Repair Materials Market, By Type (Bone Growth Stimulators (BGS), Viscosupplements, Bone Graft Substitute) By End User (Hospitals, Ambulatory Surgical Centres, Orthopaedics Clinics) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2025.
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As per the report, the soaring frequency of musculoskeletal, sports, and orthopedic injuries among the population across the world is expected to accelerate the growth of the global biological bone repair materials market to the greatest extent.
As a matter of fact, if a damaged bone of a person does not get treated timely, there are chances of unusual healing of bone, owing to which there has been growth in the bone repair material demand in the global market. These days, the development and applications of implants and therapeutic devices have widened, further boosting the growth of the global biological bone repair materials market.
Bone is a natural complex living tissue that consists of a natural aspect in which calcium carrying inorganic aspect crystals are embedded. Bone comprises around 60% mineral, 30% matrix, and 10% water. Bone repair is a multi-disciplinary procedure that requires an osteoconductive matrix, osteogenic cells, mechanical balance, osteoinductive signaling, and vascularization.
Notably, the bone repair material serves its utility for different purposes such as bone stock augmentation, reconstructive purposes, and bone repair in clinical practice. The rise in awareness among the population with respect to the availability of bone grafts and substitutes has also compelled an upsurge in the growth of the global biological bone repair materials market.
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In fact, about 2.2 million and more bone grafting processes are operated all over the world. The bone repair materials also differ in configuration, mechanical vitality and biological method of functioning, with their unique benefits and limitations.
In the past few years, the adoption and application of calcium phosphate (CaP) based bone substitute materials have increased expeditiously. Attributing to which, the global biological bone repair materials market is projected to a breakthrough in the coming years.
Moreover, a surging count of spinal fusion surgeries across the world and global acceptance of allografts are also majorly driving the growth of the global biological bone repair materials market.
Furthermore, the desk-bound and lethargic lifestyle of the population around the world has also harmed their physical fitness and consequentially weakened the bones, thus contributing to the growing orthopedic surgeries worldwide, resultantly expected to advance further the growth of the global biological bone repair materials market during the forecast period.
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MMC study identifies some of the key participating players in the biological bone repair materials market globally are Medtronic plc, NuVasive, Inc., Stryker Corporation, Zimmer Biomet Holdings, Orthofix International N.V., Anika Therapeutics, Inc., DePuy Synthes (Johnson and Johnson), Bioventus, Arthrex, Inc., SeaSpine Holdings Corporation, Sanofi-Aventis (Sanofi SA), DJO Global, Inc., Seikagaku Corporation, RTI Surgical, Inc., Heraeus Holding GmbH, Fidia Pharma USA Inc., TRB Chemedica International SA, Allosource, Musculoskeletal Transplant Foundation, Inc., Ito Co., Ltd., among others.
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