Global Bone Replacement Market Expected to Generate a Revenue of $27,643.10 Million by 2028, Growing at a CAGR of 7.00% from 2021-2028 [180-Pages] | Confirmed by Researchdive.com
The global bone replacement market is expected to surge exponentially by 2028, owing to the rise in road accidents worldwide. The allografts sub-segment is expected to be most lucrative. The North America region is expected to dominate the market
NEW YORK, Nov. 29, 2021 /PRNewswire/ -- Research Dive has added a new report to its offering titled, "Bone Replacement Market by Product (Knee, Hip, and Extremities), Material (Allografts, Autografts, Synthetic Material, and Bone Morphogenetic Proteins (BMPs)), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2021–2028."
According to the report, the global bone replacement market is expected to garner a revenue of $27,643.10 million by 2028, surging rapidly at a CAGR of 7.00% during the forecast period 2021-2028.
Dynamics of the Market
Significant increase in the cases of road accidents coupled with the growing prevalence of orthopedic surgeries, particularly among the geriatric population across the globe are expected to drive the growth of the bone replacement market during the forecast period. In addition, consistent technological innovations in bone graft devices are further expected to create tremendous opportunities for the growth of the market during the forecast period. However, high expense of bone replacement surgeries is expected to hinder the growth of the market during the forecast period.
Get | Download an Exclusive PDF Sample Report (Including Tables, Graphs & figures)
COVID-19 Impact on the Bone Replacement Market
The outbreak of coronavirus has had a dreadful impact on the growth of the global bone replacement market, owing to the occurrence of lockdowns in various countries across the globe. Stringent restriction imposed by the government made it pertinent for people to visit hospitals and clinic only if its urgent or of paramount importance. Furthermore, delaying and rescheduling of surgery procedures by hospitals and clinics due to their major inclination towards COVID-19 infections further impeded the market growth.
Segments of the Market
The report has divided the market into various segments based on product, material and region.
- By product, the knee replacement type sub-segment is expected to be most profitable, and generate a revenue of $12,900.10 million during the forecast period. Increasing prevalence of arthritis among the geriatric population across the globe is expected to bolster the growth of the bone replacement market sub-segment during the forecast period.
- By material, the allografts sub-segment is expected to be most lucrative, and generate a revenue of $11,567.60 million during the forecast period. Its ability to increase mobility and reduce pain to effectively help treat patients is expected to accelerate the growth of the sub-segment during the forecast period.
- By region, the North America region is expected to dominate the market, and generate a revenue of $11,444.20 million during the forecast period. Growing demand for bone replacement along with increasing cases of road accidents in this region is expected to bolster the growth of the market. In addition, the presence of prominent players of the market in this region is further expected to accelerate the growth of the regional bone replacement market during the forecast period.
Personalize this research & Avail 20% OFF on Customization of Bone Replacement Market Report
Top 10 Key Players of the Bone Replacement Market
The illustrious players of the market include
1. Stryker Corporation
2. AK Medical Holdings Limited
3. Zimmer Biomet Holdings Inc.
4. United Orthopedic Corporation
5. Johnson & Johnson (Depuy Synthes)
6. B. Braun Melsungen
7. Waldemar Link GmbH & Co. Kg
8. Colfax Corporation
9. Smith & Nephew Plc
10. Exactech Inc., and many more.
- Inquire to get access for Detailed Top Companies Development Strategy Bone Replacement Market Report
These players are working on developing strategies such as product development, merger and acquisition, partnerships and collaborations to sustain the market growth.
For instance, in June 2021, DJO, a subsidiary of Colfax Corporation and a leading global provider of medical technologies, acquired Mathys AG Bettlach, a Switzerland-based company that develops and distributes innovative products for artificial joint replacement, synthetic bone graft solutions, and sports medicine, in order to bolster DJO's patient-focused innovation pipeline and widen its reconstructive portfolio.
The report also summarizes many important aspects including financial performance of the key players, SWOT analysis, product portfolio, and latest strategic developments.
Related Article Links:
- Increasing Prevalence of Orthopedic Surgeries across the Globe to Propel the Growth of the Global Bone Replacement Market
- Why is Bone Replacement a Proactively Useful Option for Millennials Dealing with Different Issues of Bones?
Related Trending Topics:
1. Cosmetic Dentistry Market: [197-Pages] According to the global cosmetic dentistry market forecast, the market size is expected to reach up to $41,496.0 million by 2028, surging from $22,702.6 million in 2020, at a noteworthy CAGR of 7.9%. – Request an PDF Sample Report
2. Blood Pressure Monitoring Devices Market: [180-Pages] According to the global blood pressure monitoring devices market forecast, the market is expected to reach up to $3.293.3 million by 2028, surging from $1,391.7 million in 2020, at a noteworthy CAGR of 11.6% – Request an PDF Sample Report
3. Neuromonitoring Device Market: [185-Pages] The global neuromonitoring device market size is predicted to generate $8,824.56 million in the 2021-2028 timeframe, growing from $5,098.11 million in 2020, at a healthy CAGR of 7.2%. – Request an PDF Sample Report
About Research Dive:
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
Contact Us:
Mr. Abhishek Paliwal
Research Dive
30 Wall St. 8th Floor, New York NY 10005
(P) +91-(788)-802-9103 (India)
Toll Free: 1-888-961-4454
E-mail: support@researchdive.com
Website: https://www.researchdive.com
Blog: https://www.researchdive.com/blog/
LinkedIn: https://www.linkedin.com/company/research-dive/
Twitter: https://twitter.com/ResearchDive
Facebook: https://www.facebook.com/Research-Dive-1385542314927521
Logo: https://mma.prnewswire.com/media/997523/Research_Dive_Logo.jpg
Share this article