The Global Bone Replacement Products Market, by Product
Type (Hip Replacement, Knee Replacement, Trauma and Extremities, and
Spine Replacement), by Material (Metals, Ceramics, Plastics, and
Combination of Materials), by End User (Hospitals, Orthopedic Clinics,
and Ambulatory Surgical Centers), and by Region (North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa) 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), as highlighted in a new report published by Coherent Market Insights. The
development of patient-specific hip implants considering the anatomic
individuality or extremely difficult reconstructive cases of patients is
a major factor propelling the demand for hip replacement products. For
instance, Zimmer Biomet’s patient-matched implant (PMI) department works
directly with surgeons to address the most severe cases of bone loss or
deformity.
Growing preference for minimally invasive procedures to propel growth of market
Minimally invasive and small incision
replacement surgery is an evolving area with improved rehabilitation and
pain management to accelerate post-surgery recovery. Increasing
adoption of minimally invasive techniques by professionals, owing to
long-term benefits is expected to propel growth of the bone replacement
products market. Moreover, benefits of minimally invasive replacement
procedure have been reported to include less damage to soft tissues,
leading to a quick and less painful recovery.
Rising number of bone tumors and trauma cases is expected to accelerate the demand for bone replacement products
Treatment of bone cancers with surgical
procedures involves replacement of cancerous bone by bone replacement
products or implants. Thus, increasing incidence of bone cancers such as
osteosarcoma, chondrosarcoma, and Ewing’s sarcoma, which require bone
replacement, is in turn expected to propel growth of the bone
replacement products market. According to the American Society of
Clinical Oncology, 2014, bone sarcomas account for 0.2% of all
malignancies globally with the incidence rate for bone and joint
malignancies to be 0.9 per 100,000 people annually, in the U.S.
Furthermore, increasing cases of bone fracture trauma due to fall, motor
vehicle accident or sports, require medical intervention (orthopedics)
thus, augmenting the demand for bone replacement products. According to
the National Trauma Institute, in 2014, traumatic injury is the major
cause of death globally with the major share of road injury (29.1%) and
falls (11.6%).
Browse 45 Market Data Tables and
40 Figures spread through 230 Pages and in-depth TOC on “Bone
Replacement Products Market”- Global Forecast to 2025
To know the latest trends and insights prevalent in the bone replacement products market, click the link below:
The market players are engaged in
strategic acquisitions and collaborations to increase the portfolio
diversification and to introduce exciting new platform technologies. 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. Furthermore,
in 2016, Zimmer acquired LDR Holding Corporation to enhance innovation
and growth of their spine segment. The production of innovative products
with research and development activities is expected to enhance the
competitive environment among the manufacturers. 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%.
Key Takeaways of the Bone Replacement Products Market:
- The global bone replacement products market is expected to exhibit a CAGR of 4.4% over the forecast period, owing to the presence of high potential market especially in Asia Pacific, Latin America, the Middle East, and Africa
- Among materials, the combination of materials segment holds a dominant position in the market, as these material implants have enhanced wear resistant and biocompatible properties as compared to the other materials
- Among end user, the ambulatory surgical centers segment is expected to hold a dominant position in the bone replacement products market, owing to the minimal requirement of prolonged postoperative monitoring and hospital stay
Some of the major players operating in
the global bone replacement products market are Zimmer Biomet Holdings,
Inc., B. Braun Melsungen AG, Stryker Corporation, Smith & Nephew
Plc, United Orthopedic Corporation, Depuy Synthes, Medtronic Plc., Japan
Medical Dynamic Marketing, Inc., JRI Orthopedics, Exactech, Inc., and
Mathys.
About Coherent Market Insights:
Coherent Market Insights is a prominent
market research and consulting firm offering action-ready syndicated
research reports, custom market analysis, consulting services, and
competitive analysis through various recommendations related to emerging
market trends, technologies, and potential absolute dollar opportunity.
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Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
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