Bone Morphogenetic Protein Market Overview
Bone Morphogenetic Protein Market size is expected to grow at a CAGR of 2.90% during the forecast period and the market size is expected to reach nearly US$ 745.80 Million by 2029.
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Bone Morphogenetic Protein Market Scope and Methodology
The bottom-up approach was used in the report to estimate the Bone Morphogenetic Protein Market. The primary and secondary data sources were used to collect data. The primary source involved interviews with significant market leaders and industry experts including business owners and marketing specialists while secondary sources are a combination of the reviews of the financial and annual reports of top manufacturers. For better information on market penetration, competitive landscape demand analysis, and regional analysis are taken at the local, regional, and global levels. The report presented the PORTER and PESTLE Analysis with the potential impact of micro-economic factors of the Bone Morphogenetic Protein market. SWOT analysis is used to identify the threats and weaknesses of the market while PORTER is used to determine the competitive intensity of the industry in the Bone Morphogenetic Protein market.
Bone Morphogenetic Protein Market Regional Insights
The industry is now dominated by North America, and is anticipated to remain so for a few more years. The region’s developed healthcare system, quick uptake of Infuse bone morphogenetic protein, rising demand for bone growth stimulators, and adoption of cutting-edge technologies all contribute to the market’s expansion. Since the US FDA approved the protein rhBMP-2, it has become one of the most popular techniques used in bone operations there.
Bone Morphogenetic Protein Market Segmentation
The rhBMP-2 protein sub-segment is anticipated to account for the highest proportion of the worldwide bone morphogenetic proteins market in terms of Type. It might occur as a result of a high rate of medical professionals using the rhBMP-2 protein due to the high occurrence of sports injuries.
Spinal Fusion is predicted to have the greatest market size based on Application over the projection period. Bone morphogenetic protein (BMP), a protein that promotes bone production in the body, is used in spinal fusion surgery. Studies have shown that BMP promotes fusion at a faster pace than conventional bone transplant surgery. BMP thereby facilitates the surgeon’s performance of the treatment, increasing the rate of fusion and eliminating the dangers related to iliac crest autograft (hip) graft harvest. When the hip transplant is avoided, the surgery duration is cut in half, and the risk of complications is decreased. This leads to a speedier and less uncomfortable recovery. BMP is increasingly used in spinal fusion surgery.
by Application
Spinal Fusion
Trauma Surgery
Reconstruction Surgery
Oral Maxillofacial Surgery
Others
by Type
rhBMP-2
rhBMP-7
Others
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Bone Morphogenetic Protein Market Key Players
1. Medtronic
2. Cellumed Co. Ltd.
3. Stryker
4. Sigma Aldrich Co.
5. ProSpec
6. Ember Therapeutics
7. R&D Systems
8. Thermo Fisher Scientific, Inc.
9. DePuy Synthes
10.Nuvasive, Inc.
11.Orthofix Holdings, Inc.
12.Smith and Nephew, Inc.
13.Wright Medical Group N.V.
14.Other Key Players
Key questions answered in the Bone Morphogenetic Protein Market are:
- What is Bone Morphogenetic Protein?
- What was the Bone Morphogenetic Protein market size in 2022?
- What are the different segments of the Bone Morphogenetic Protein Market?
- What growth strategies are the players considering to increase their presence in Bone Morphogenetic Protein?
- What are the upcoming industry applications and trends for the Bone Morphogenetic Protein Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Bone Morphogenetic Protein Market?
- Who are the key players in the Bone Morphogenetic Protein market?
- What segments are covered in the Bone Morphogenetic Protein Market?
- Who are the leading companies and what are their portfolios in Bone Morphogenetic Protein Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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