Market News

Bone degeneration therapeutics market: Key Developments

Key players in the market are focused on conducting human surgical procedures with novel therapies to expand their product portfolio. For instance, in August 2019, Anika Therapeutics, Inc., an integrated orthopedic and regenerative medicines company, announced the successful completion of first human surgical procedure with injectable HA-based bone repair therapy for the treatment of bone voids and other bone defects of the skeletal system caused by trauma or age-related degeneration.

Major institutes are focused on research and development activities related to bone degeneration. For instance, in July 2019, a team of researchers from the University of California reported in a research published in the journal Arthritis Care and Research that Vitamin D supplementation reduces cartilage degeneration and progression of knee osteoarthritis. Such researches are expected to promote longitudinal randomized controlled trials of vitamin D supplementation, which may offer lucrative growth opportunities for the market players.

Key players in the market are focused on gaining product approvals to expand their product portfolio. For instance, in August 2019, the U.S. FDA cleared the NEXXT MATRIXX Stand Alone Cervical System of Nexxt Spine LLC for commercial sale via the 510(k) process. The system is intended for use as an adjunct to fusion at one or two contiguous levels (C2-T1) in skeletally mature patients for the treatment of degenerative disc disease.