The global demand for Artificial Bone Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Artificial bone refers to a laboratory-made bone that replaces human bone loss due to severe fractures, disease, etc. It attempts to mimic the bone compositional content to provide a biodegradable osteoconductive scaffold. An effective bone substitute materials should exhibit good mechanical strength along with good bioactivity. Initially, the artificial bone was made of materials like metals and solid ceramics. New materials being explored are strong enough to sustain the loading in the bone. Ceramics, composites, polymer, and hydroxyapatite are most commonly used to the material these days.
The rising aging population and the growing incidence of bone injuries due to accidents are expected to impel the artificial bone market. Overall, fracture incidence rates increase by a double-digit rate due to a significant increase in vertebral fractures among the aging population. Growing life expectancy and health insurance facilities provide momentum to growing artificial bone surgeries. Rising market competitiveness favored by new products and techniques launch is expected to steer the artificial bone market growth over the forecast period. Also, scientists have created a 3D technique method to print out artificial bones for various surgeries. Meanwhile, high-cost fake bone surgeries, significant complications post-injury, and availability of other minimally or non-invasive surgeries are factors hindering the market growth. Looking towards growing post complications, the companies are researching and renovating products with high performance.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of artificial bone.
The entire artificial bone market has been sub-categorized into material type, application and end-user. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Material Type
By End User
- Spinal Fusion
- Joint Reconstruction
- Trauma and Extremities
- Specialty Clinics
- Research Organizations
This section covers regional segmentation which accentuates on current and future demand for artificial bone market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Artificial Bone Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the artificial bone market include 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. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.