Global Artificial Bone Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
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“Global Artificial Bone Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global artificial bone market report has been segmented as per product type, sales channel, and region.
Global Artificial Bone Market: Overview
Artificial bone is bone like material created artificially that can be used in bone grafts. Artificial bone replaces human bone that was lost owing to severe fractures, and or disease, etc. Bone grafting procedure having two types of bone grafting such as allograft and autograph. Allograft surgery is mostly performed in the knee, hip, or long bone reconstruction including arms and legs.
Global Artificial Bone Market: Dynamics
Increasing adoption of advanced technology i.e. 3-D printing in the healthcare industry is a key factor expected to drive growth of the global artificial bone market over the forecast period.
Rising incidences such as accidents, trauma and increasing frequency of bone damages worldwide is a key factor projected to propel the demand for artificial bone and drive growth of the global market.
Furthermore, increasing demand for bone surgeries in orthopedic procedures especially in geriatric population across the globe is anticipated to boost demand for the artificial bone in the next 10 years.
However, the high cost of surgeries and ethical issues related to bones is a major factor which may hamper growth of the global artificial bone market. Also, low mechanical strength in artificial bones is another factor expected to hamper demand for artificial bone and restrain growth over the long run.
Global Artificial Bone Market: Segment Analysis
Among the material type, the ceramic is expected to account for highest growth in the global artificial bone market, owing to high hardness, melting point and low mass density of the ceramic artificial bone. The composite segment is expected to register a significant growth rate in the global market over the forecast period. The composite material is far stronger than steel or aluminum material and having low thermal conductivity.
Among the end user, the hospital segment is expected to account for the highest growth in the global artificial bone market.
Global Artificial Bone Market: Region Analysis
The market in North America accounted for the highest revenue share in the global market followed by Europe, owing to increasing activities of the development of artificial bones due to the presence of manufacturers in countries in the region. The market in the Asia Pacific is expected to register significant growth in terms of CAGR in the global market, owing to rapidly increasing healthcare infrastructure in countries such as India and China in the region.
Markets in the Middle East & Africa and Latin America, are expected to witness moderate growth in terms of revenue, owing to technological advancement and adoption of bone grafts among individuals in countries in these regions.
Global Artificial Bone Market Segmentation:
Segmentation by Material Type:
Segmentation by Application:
- Spinal Fusion
- Joint Reconstruction
- Trauma and Extremities
Segmentation by End User:
- Specialty Clinics
- Research Organizations
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- AlloSource, Inc.
- Johnson & Johnson
- Integra LifeSciences Corporation
- NuVasive, Inc.
- Stryker Corporation
- Wright Medical Group N.V.
- Xtant Medical Holdings, Inc.
- Zimmer Biomet
- Baxter Healthcare Corporation
- Medtronic plc
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