Artificial bone is a bone-like material that is artificially created in the laboratory to be used in bone grafts. The bone replaces the human bone that is lost due to reasons such as fracture, disease, and so on. Artificial bone can be created by using ceramics, composite, polymer, hydroxyapatite, and other materials. Artificial bones can also be utilized for bone fractures fixation. Hydroxyapatite is the widely used inorganic component in bone composition. These bones also have a usage in biomedical applications.
MARKET SCOPE
The "Global Artificial Bone Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the artificial bone market with detailed market segmentation by material, application, end user, and geography. The report provides key statistics on the market status of the leading artificial bone market players and offers key trends and opportunities in the market.MARKET SEGMENTATION
- Based on material, the global artificial bone market is segmented into ceramics, composite, polymer, hydroxyapatite and others.
- Based on application, the market is segmented into spinal fusion, dental, craniomaxillofacial, joint reconstruction, trauma and extremities.
- On the basis of end-users, the market is bifurcated into hospitals, specialty clinics and research organization.
MARKET DYNAMICS
Drivers:
- Increase in prevalence of osteoporosis.
- Rise in the number of fractures and accidents.
- Growing product approvals by companies.
- Increase in technological developments in artificial bones.
- Rise in demand for bone surgeries.
Restraints:
- High cost of orthopedic surgeries.
- Low mechanical strength.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The artificial bone market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the artificial bone market in these regions.
IMPACT OF COVID-19 ON ARTIFICIAL BONE MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. Moreover, the coronavirus pandemic has negatively impacted the artificial bone market development as there was production, supply chain, and trade disruptions due to various restrictive measures. The government and the regulatory bodies also focused on the implementation of various guidelines to reduce the spread of the COVID-19 worldwide. Hence, owing to the above-mentioned factors, the pandemic has decreased the growth of the artificial bone market in the forecast period.
MARKET PLAYERS
The report covers key developments in the artificial bone market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from artificial bone market are anticipated to have lucrative growth opportunities in the future with the rising demand for artificial bone in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the artificial bone market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Stryker Corporation
- Johnson & Johnson
- Smith & Nephew plc
- NuVasive, Inc.
- Medtronic Plc.
- Orthofix International N.V.
- Baxter International Inc.
- Allosource
- DSM.
- Zimmer Biomet
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.