Artificial Bone Market, by Material (Ceramics, Composite, Polymer, Hydroxyapatite, and Others), by Application (Spinal Fusion, Dental, Craniomaxillofacial, Joint Reconstruction, and Trauma and Extremities), by End User (Hospitals, Specialty Clinics, and Research Organization), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028
Artificial bone refers to bone-like material created in a laboratory that can be used in bone grafts, to replace human bone that was lost due to severe fractures, diseases, and others. Bone grafts are used as a filler and scaffold to facilitate bone formation and promote wound healing. These grafts are bioresorbable and have no antigen-antibody reaction. These bone grafts act as a mineral reservoir which induces new bone formation. Bone substitutes can be either derived from biological products such as ceramics, composite, polymer, hydroxyapatite, and others.
Market Dynamics
The increasing number of product launches is expected to drive the global artificial bone market. For instance, in October 2016, Stryker has announced the launch of its handheld bone graft delivery system. The LITe BIO Delivery System is approved for use in spinal fusion surgeries to deliver autograft, allograft, and synthetic material. The LITe BIO Delivery System was approved by the U.S. Foods and Drugs Administration in July 2017 for to improve visualization, to work under fluoroscopy.
However, growth of the global artificial bone market is expected to be hampered over the forecast period, owing to high cost of spinal fusion surgeries and joint replacement/ reconstruction. For instance, according to the MedSurge, a pharmaceutical company report 2018, the cost of the spine fusion surgeries in Indian hospitals ranged from around US$ 4,800 to US$ 7,800 and the cost of the scoliosis spine surgery in India ranged from US$ 10,500 to US$ 11,500 in year 2018.
Key features of the study:
This report provides in-depth analysis of the global artificial bone market size (US$ Mn), and compound annual growth rate (CAGR) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by leading players
It profiles key players in the global artificial bone market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies
Key players covered as a part of this study include Medtronic Plc., Johnson & Johnson, Baxter International Inc., Smith & Nephew plc, Stryker Corporation., NuVasive, Inc., Allosource, Curasan, Inc., Ziacom Medical SLU, Orthofix International N.V., Biomatlante, and DSM.
Insights from this report would allow marketers and management authorities of companies to make informed decisions with respect to future product launches, governmental initiatives, technological up-gradation, market expansion, and marketing tactics
The global artificial bones market report caters to various stakeholders in this industry, including investors, product manufacturers, distributors, and suppliers for artificial bones market, research and consulting firms, new entrants, and financial analysts.
Detailed Segmentation:
Global Artificial Bone Market, By Material:
Ceramics
Composite
Polymer
Hydroxyapatite
Others
Global Artificial Bone Market, By Application:
Spinal Fusion
Dental
Craniomaxillofacial
Joint Reconstruction
Trauma and Extremities
Global Artificial Bone Market, By End User:
Hospitals
Specialty Clinics
Research Organization
Global Artificial Bone Market, By Region:
North America
By Country:
U.S.
Canada
By Material:
Ceramics
Composite
Polymer
Hydroxyapatite
Others
By Application:
Spinal Fusion
Dental
Craniomaxillofacial
Joint Reconstruction
Trauma and Extremities
By End User:
Hospitals
Specialty Clinics
Research Organization
Europe
By Country:
U.K.
Germany
Italy
Spain
France
Russia
Rest of Europe
By Material:
Ceramics
Composite
Polymer
Hydroxyapatite
Others
By Application:
Spinal Fusion
Dental
Craniomaxillofacial
Joint Reconstruction
Trauma and Extremities
By End User:
Hospitals
Specialty Clinics
Research Organization
Asia Pacific
By Country:
Australia
India
China
Japan
ASEAN
South Korea
Rest of Asia Pacific
By Material:
Ceramics
Composite
Polymer
Hydroxyapatite
Others
By Application:
Spinal Fusion
Dental
Craniomaxillofacial
Joint Reconstruction
Trauma and Extremities
By End User:
Hospitals
Specialty Clinics
Research Organization
Latin America
By Country:
Brazil
Mexico
Argentina
Rest of Latin America
By Material:
Ceramics
Composite
Polymer
Hydroxyapatite
Others
By Application:
Spinal Fusion
Dental
Craniomaxillofacial
Joint Reconstruction
Trauma and Extremities
By End User:
Hospitals
Specialty Clinics
Research Organization
Middle East
By Country:
GCC
Israel
Rest of Middle East
By Material:
Ceramics
Composite
Polymer
Hydroxyapatite
Others
By Application:
Spinal Fusion
Dental
Craniomaxillofacial
Joint Reconstruction
Trauma and Extremities
By End User:
Hospitals
Specialty Clinics
Research Organization
Africa
By Country/Region:
South Africa
Central Africa
North Africa
By Material:
Ceramics
Composite
Polymer
Hydroxyapatite
Others
By Application:
Spinal Fusion
Dental
Craniomaxillofacial
Joint Reconstruction
Trauma and Extremities
By End User:
Hospitals
Specialty Clinics
Research Organization
Company Profiles
Medtronic Plc.
Company Overview
Product Portfolio
Financial Performance
Recent Highlights
Strategies
Johnson & Johnson
Baxter International Inc.
Smith & Nephew plc
Stryker Corporation
NuVasive, Inc.
Allosource
Curasan, Inc.
Ziacom Medical SLU
Orthofix International N.V
Biomatlante
DSM
“*” marked represents similar segmentation in other categories in the respective section.
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