SEATTLE, June 03, 2021, (MEDGADGET) — Global Bone Regeneration Material Market analysis
Impact of COVID-19 epidemic
The transmission of SARS-CoV-2 virus has limited growth of the healthcare sector. The most recent outbreak of SARS-CoV-2 virus was first reported in Wuhan City of China on December 31, 2019. On March 11, 2020, the World Health Organization (WHO) had declared COVID-19 virus as a global pandemic and recommended the implementation of strict lockdowns with precautionary measures to reduce the transmission of this virus. This epidemic has reduced the growth of the healthcare industry and has resulted in disruptions in the distribution channels.
Furthermore, governments of several nations have imposed lockdowns across their regions to hinder the transmission of SARS-CoV-2 virus. Similarly, in several nations around the globe, the healthcare organizations are facing issues in maintaining their distribution channels. Dwindle in distribution of the healthcare organizations has also affected growth of the global bone regeneration materials market.
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The global bone regeneration material market is expected to manifest a CAGR of 3.3% over the forecast period of 2020-2027 and is approximated to have a market valuation of US$ 2292.1 million in 2020.
Drivers
Rising incidences of orthopedic surgeries is a vital factor in propelling growth of the global bone regeneration material market. In 2015, as per the National Center of Biotechnology Information, about 13,017 enrolments in hospital for total hip arthroplasties (THAs) and a total of 7,076 hospital admissions to treat knee arthroplasties (TKAs) were recorded in Brazil. Furthermore, in the same year, the Sao Paulo State had reported about 49% geriatrics in the Southeast region of Brazil which accredited about 53.8% of THAs and 47.4% of TKAs.
Likewise, the rising cases of osteoarthritis across the world is expected to boost growth of the global bone regeneration materials market over the forecast period. In November 2017, the Arthritis Foundation reported that the leading cause for disability in the U.S. adults was arthritis. More than 53 million adults across the globe were suffering from arthritis including the 100 types of joint diseases, which is poised to rise by 49% to 78.4 million in 2040.
Furthermore, the rising demand for xenografts, allografts, along with other synthetic bonegrafts which are innovative alternatives for real bones, is expected to impel growth of the global bone regeneration material market. For instance, using hydroxyapatite in bone-grafts without any agents such as biological or organic which block various natural processes such as osteoinduction, osteogenesis, and osteoconduction, because they are made by recombination of DNA technology.
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Restraints
The risk related to the graft failure and surgery failure act as a possible barrier in growth of the global bone regeneration material market. Dental-Implants-01 revealed the results of its trials stating that the failure rate of dental bone graft is within an average of 5-10%, which leads to improper stabilization and infections of grafts. Hence, failure in implantation may hamper growth of the global bone regeneration materials market.
Opportunities
Rise of innovative regenerative methods is expected to provide a robust growth opportunities for the global bone regeneration material market. The simple hip de-compression is a new regenerative method for treating patients diagnosed with osteonecrosis of hip. It is a less-protruding, out-patient process that involves a making a tiny hole on hip externally and tap on the infected area.
Implementation of 3D-printing technology in regenerative therapies is expected to stimulate growth of the global bone regeneration materials market. In February 2020, the Wake Forest School of Medicine of the U.S. had reported the impact of neural cell combination into the bio-printed skeleton tissue build to speed up the tissue regeneration in vivo.
Market Taxonomy
- According to the type of product: Xenogene Bone Materials, Partially Synthetic Materials, Synthetic Materials, Others.
- According to the Application: Orthopedic Surgery, Bone Trauma, Dental Surgery, Others.
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Regional Analysis
Owing to rising geriatric suffering people and the ongoing research trials in this field, the North American region is expected to experience a considerable growth in in the global bone regeneration material market. In August 2018, Pennsylvania State University had created a composite ink for 3D-printing of the porous and bone-like structures. The material used in this process displayed promising reaction, and with positive results of bone regeneration in animal models of vivo too.
Further, rising patients of geriatric are more likely to show degenerative conditions of osteoarthritis in the U.S., is expected to boost growth of the global bone regeneration material market. As per the July 2018 report from the Centers for Disease Control and Prevention (CDC), from 2013 to 2015, about 22.7% of the U.S. population or around 54.4 million adults in the U.S. were suffering from some kind of arthritis such as gout, fibromyalgia, lupus, or rheumatoid every year.
Due to rising focus of market players on gene therapy for bone regeneration, the European region is expected to experience a lucrative growth in in the global bone regeneration materials market. In January 2020, Horizon 2020 research and innovation program of European Union (EU) had introduced cmRNA-bone, a novel gene therapy for bone regeneration project. The objective of this project was to create a novel bone regenerative therapy for osteoporosis and trauma patients. The researchers intended to generate a chemically advanced RNA and a particular vector providing system to be in a bio-material formulation developed as per the needs of a patient. The project has collaborated with a total 11 companies across various nations. In next four years, collaborators of this project will gain an amount of US$ 7.47 million from the EU’s Horizon 2020 Framework Programme.
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Competitive Landscape
Major companies contributing in in the global bone regeneration material market are Septodont, Citagenix, J Morita USA, B&B Dental, Stryker Corporation, Kerr Restoratives, Sigma Graft, NovaBone, and Ethoss Regeneration Ltd.
Detailed Segmentation:
- Global bone regeneration materials market, By Product Type:
- Xenogene Bone Materials
- Partially Synthetic Materials
- Synthetic Materials
- Others
- Global bone regeneration materials market, By Application:
- Orthopaedic Surgery
- Bone Trauma
- Dental Surgery
- Others
- Global bone regeneration materials market, By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
- Company Profiles
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