Bone Replacement Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026

Report ID: GMI3932




Summary Methodology

Bone Replacement Market size is projected to experience rapid growth from 2019 to 2025.
 

Increasing rate of road accident will stimulate growth of global bone replacement business. According to “Association for Safe International Road Travel” about 20 to 50 million people across the globe suffer from injuries such as fracture and bone dislocation annually. Thus, growing rate of road accidents will escalate bone replacement business in the forthcoming years.
 

Growing rates of geriatric population will foster global bone replacement market growth. As per United Nations (UN) estimates, by 2050, the total number of geriatric population will reach 2.1 billion. Geriatric population is more prone towards bone related disorder leading to higher demand of bone replacement surgery. Thus, growing geriatric population will fuel the market growth in upcoming years.
 

Increasing rates of patients associated with family history of osteoporosis will stimulate growth of bone replacement business. According to International Osteoporosis Foundation, globally, more than 8.9 million fractures occur due to osteoporosis every year, leading to higher demand for bone replacement surgery. Thus, growing prevalence osteoporosis will significantly boost bone replacement market during the projected timeframe.
 

However, high cost of bone replacement procedures and medical devices will negatively impact bone replacement business. High cost of surgery is not affordable by every patient which act as negative factor. Thus, high cost of bone replacement procedures and medical device will negatively impact growth of bone replacement business in forthcoming years.

 

Allograft bone replacement category will hold significant revenue size over the forecast years.  Allograft technique have certain advantages over auto-graft technique. It eliminates two procedures of bone replacement and is highly affordable for patient. Moreover, allograft method eliminates post-operative complications, thus leading to high adoption rate. Aforementioned factors will stimulate segment growth in the future.

 

Global knee replacement segment will grow at immense pace over the projected timeframe. Growing prevalence of arthritis coupled with increasing knee injuries will boost demand for knee replacement segment. Additionally, growing geriatric population will further propel knee replacement surgeries, thus fostering market growth.

 

Ambulatory surgery centers will foresee significant growth in in the future. Ambulatory surgery centers are preferred by patient for bone replacement surgery because they are cost effective and require short period of time for surgery. Additionally, ambulatory surgery centers possess less risk of infections. Thus, in forthcoming years ambulatory surgery centers will possess outstanding market share in bone replacement surgery market.  
 

U.S. bone replacement market will show sufficient growth in the future due to presence of large portion of geriatric population. According to U.S. Census Bureau, U.S. possess a huge population around 47.8 million with age above 60 years and the number is projected to reach 98.2 million by 2060. Geriatric population is more prone towards bone disorders, leading to higher demand of bone replacement surgery resulting in lucrative business growth opportunity in the future.

 

India bone replacement market will foresee immense growth due to prevalence of knee and hip arthritis in population. As per National Health Portal of India, about 15% of the Indian population is affected by arthritis. Additionally, growing geriatric population in India will further lead to massive growth of bone replacement in forthcoming years.
 

Some of the major market players involved in the global bone replacement are DJO, LLC, Stryker, Zimmer Biomet, NuVasive, Medtronic, Ossur among others. Firms are adopting business expansion strategies such as acquisitions, merger and collaborations to increase their market footprint. For instance, in November 2018, Stryker announced acquisition of K2M Group Holdings, Inc. to expand orthopedic and bone replacement business.
 

Bone replacement market, by material, 2014-2025 (USD Million)

  • Synthetic
  • Auto-grafts
  • Allografts
  • Demineralize bone matrix (DBM)
  • Bone morphogenetic protein (BMP)
  • Others

Bone replacement market, by type, 2014-2025 (USD Million)

  • Total joint replacement
  • Hip
  • Hybrid total hip implant
  • Fixed bearing hip implant
  • Total hip implant
  • Mobile bearing total hip implant
  • Knee
  • Total knee replacement
  • Partial knee replacement

Bone replacement market, by extremities, 2014-2025 (USD Million)

  • Upper extremities
    • Elbow replacement
    • Shoulder replacement
    • Wrist & hand replacement
    • Arm
  • Lower extremities
    • Ankle and foot replacement
    • Hip & Pelvic
    • Lower Leg
    • Knee
    • Thigh

Bone replacement market, by end-use, 2014-2025 (USD Million)

  • Hospitals
  • Specialty Center
  • Ambulatory surgical center

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia Pacific
    • Japan
    • China
    • India
  • Latin America
    • Mexico
    • Brazil
  • Middle East and Africa
    • South Africa
    • Saudi Arabia

Company Profiles:

  • DJO, LLC
  • Stryker
  • Zimmer Biomet
  • Smith & Nephew
  • Medtronic (Spine Division)
  • NuVasive
  • Wright Medical Group N.V.
  • Global Medical Inc.
  • Ossur
  • DepuySythes

 


What Information does this report contain?

Historical data coverage: 2015 to 2019; Growth Projections: 2020 to 2026.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.


Customize this Report

Pre Book Now

Need a Discount? Get in touch with us for special pricing

Request Discount

Our Market Research Reports Include:

  • Market snapshot
  • Market Segmentation
  • Value Chain Analysis
  • Growth Dynamics
  • Potential Market Opportunities
  • Regulatory Overview
  • Technology Evolution
  • Innovation & Sustainability

Connect with our sales team

Benefits of Association

Data Coverage & Quality

GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth.

Client Trust & Security

GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines.

Customer Service

Our customers rely on us to produce accurate, reliable and timely information. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients.

GMIPulse, our report store

We have introduced ‘GMIPulse’, which is our report store; designed to offer clients a one-stop platform for all market research and business intelligence requirements. Clients can access reports, presentations, raw data excel sheets as well as detailed company profiles. GMIPulse allows you to track relevant industries and stay informed with latest innovation, competitive and regulatory developments to help design strategic framework.

Chat with us
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info X