ARTIFICIAL BONE MARKET ANALYSIS

Leading Companies

Global Artificial Bone Market Segmentation:

• By material: the market is segmented into ceramics, composite, polymer, hydroxyapatite and others. Out of which, the composite segment is expected to hold a dominant position in the global artificial bone market during the forecast period, and this is attributed to the increasing adoption of inorganic growth strategies such as agreements by the key players in the market. For instance, in March 2022, Biocomposites, a global medical devices company that engineers, manufactures, and markets products for regenerating bone and managing infection in bone and soft tissue, announced that it have entered into a agreement with Zimmer Biomet, a global medical technology company, to exclusively distribute genex Bone Graft Substitute with its new mixing system and delivery options in the U.S. orthopaedic market. Genex Bone Graft Substitute is a biphasic composite of outstanding purity that is designed to balance the strength and persistence of an osteoconductive scaffold in the body in order to promote the best remodeling of bone architecture.
• By application: the market is segmented into spinal fusion, dental, craniomaxillofacial, joint reconstruction and trauma and extremities. Out of which, dental segment is expected to dominate the market over the forecast period, and this is attributed to the increasing product launch by the key players in the market. For instance, in August 2022, Orthofix Medical Inc., a global medical device company with a spine and orthopedics focus, announced a strategic partnership agreement with CGBio. The two companies will work together for clinical development and commercialization of Novosis recombinant human bone morphogenetic protein-2 (rhBMP-2) bone growth materials and other future tissue regenerative solutions for the U.S. and Canadian markets.
• By end user: the market is segmented into hospitals, specialty clinics and research and academic institutes. Out of which, hospitals is expected to dominate the market over the forecast period, and this is attributed to the increasing number of dental clinics. For instance, according to data published on August 12, 2023, by SmartScrapers, a web scraping service company, in the U.S., there are a total of 69919 dental hospitals in 2023.
• Among all the segments, the material segment is expected to dominate the market over the forecast period, and this is attributed to the increasing in the adoption of development of innovative products. For instance, according to data published in September 2022 by The First News, Medical Inventi, a biotechnology research and development company, looked into revolutionizing the field of global orthopaedics and trauma surgery with the world’s first elastic bone replacement composite made of hydroxyapatite, a calcium phosphate. The next-generation FlexiOss is a synthetic bone used for orthopaedic applications.