Global Bone Regeneration Material Market, by Product Type (Xenogene Bone Materials, Partially Synthetic Materials, Synthetic Materials, Others), By Application (Orthopaedic Surgery, Bone Trauma, Dental Surgery, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ 2.61 billion in 2023 and is expected to exhibit a CAGR of 4.6% during the forecast period (2023-2030), as highlighted in a new report published by Coherent Market Insights.
Key market players are focusing on adopting growth strategies such as the launch of new products, which will drive the global bone regeneration material market. For instance, In June 2021, Lithoz, the technology leader for 3D printers, materials, and solutions for the industrial production of high-performance ceramics in the U.S., announced the launch of its new LithaBone HA 480 material for 3D printed bone replacements.
Global Bone Regeneration Material Market– Impact of Coronavirus (COVID-19) Pandemic
The World Health Organization (WHO) designated the illness caused by the Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2), which first appeared in Wuhan (province of Hubei, China) in the last months of 2019, as "coronavirus disease 2019" or COVID-19. This virus spread quickly and had a serious negative impact on the economies, social behaviors, and healthcare of every country in the world.
COVID-19 affected the economy in three main ways: by directly affecting production and demand, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to the lockdown, several countries, such as India, China, Brazil, and others, faced problems with regard to the transportation of things from one place to another.
COVID-19 had a positive impact on the global Bone Regeneration Material market. A research study published by the Spine Journal in December 2021, titled "COVID-19 pandemic and elective spinal surgery cancelations: what happens to the patients?" stated that due to the reallocation of resources to the care of COVID-19 patients, the COVID-19 pandemic resulted in a suspension of elective procedures. Following the start of elective surgeries, a considerable number of patients continued to postpone surgery, with many still waiting to be rescheduled, potentially prolonging their discomfort and impairment of function. The study concluded that over one-third of the elective spine procedures that were canceled due to COVID-19 had not been performed in the eight months since the procedures were resumed.
Global Bone Regeneration Material Market: Key Developments
On July 11, 2023, Lithoz a company specializes in the development and production of materials and additive manufacturing systems for 3D printing high-performance ceramics, announced a long-term partnership with New York-based biomaterials specialist Himed, as the companies join forces to accelerate innovation and research into the 3D printing of medical-grade bioceramics.
In June 2021, Ethicon, Inc., which is part of the Johnson & Johnson family of healthcare medical companies focusing on professional surgery transformation solutions, announced that the National Institute for Health and Excellence (NICE) issued new medical technology guidance that recommends the use of plus sutures developed by the company in surgeries within the National Health Service. This is to avoid the rising occurrence of surgical site infections, and Plus sutures are the only sutures that offer antibacterial protection. The electrosurgical devices segment is expected to be the fastest-growing segment during the forecast period
In January 2021, Dentsply Sirona is the global largest manufacturer of professional dental products and technologies, acquired Datum Dental Ltd is a medical device manufacturing company. With this acquisition, the company promotes the complete OSSIX portfolio, including OSSIX Plus, OSSIX Volumax, and OSSIX Bone, in the United States, Canada, and several other countries.
In September 2020, Spine Wave is developer of medical devices designed to offer treatment for spinal disorders, launched the Tornado Bioactive Bone Graft Matrix, a bioactive, osteoconductive, porous implant with the optimal composition and particle distribution of carbonate apatite anorganic bovine bone mineral, 45S5 bioactive glass, and highly purified Type I collagen. This launch strengthens the company’s growing spinal biologics portfolio and marks its entry into the market for synthetic bioactive bone graft matrix implants.
Browse 36 Market Data Tables and 26 Figures spread through 180 Pages and in-depth TOC on “Global Bone Regeneration Material Market”- Forecast to 2030, Global Bone Regeneration Material Market, by Product Type (Xenogene Bone Materials, Partially Synthetic Materials, Synthetic Materials, Others), By Application (Orthopaedic Surgery, Bone Trauma, Dental Surgery, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa).
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/bone-regeneration-materials-market-4194
Key Takeaways of the Global Bone Regeneration Material Market:
- The global bone regeneration material market is expected to exhibit a CAGR of 4.6% during the forecast period. The merger with emerging economies offers lucrative growth opportunities for players in the global Bone Regeneration Material market.
- Among application, the Orthosurgery segment is expected to hold a dominant position in the global surgical equipments market during the forecast period and this is attributed to the technological advancements in the field of surgical equipments. For instance, in November 2021, Sandvik Coromant, a machining solutions company, launched two new equipment for families specifically designed for precision machining. The CoroDrill 462 with -XM geometry and the CoroDrill 862 with -GM geometry support industries that demand small parts manufacturing, such as medical, automotive, electronics, and aerospace. Designed to cover a variety of work piece materials, the new drills offer precise performance where accuracy is key.
- Among region, North America is expected to be the dominant region in the global bone regeneration material market, owing to the key players focus on organic strategies to start new product launches. For instance, in May 2021, Arbutus Medical, developer of orthopedic power tools intended to help surgeons and doctors perform surgeries in the U.S., launched a new kit to improve the efficiency and speed of trauma centers in performing skeletal traction, while maintaining sterility.
- Major players operating in the global bone regeneration material market are Sigma Graft, NovaBone, B&B Dental, Stryker Corporation, J Morita USA, Kerr Restoratives, Septodont, Citagenix, Medtronic Plc, Smith Nephew, Integra Lifesciences Holdings Corporation, SeaSpine, Zimmer Biomet, Johnson and Johnson, Baxter International Inc., Integra Lifesciences Holdings Corporation, Orthofix Holdings Inc., Geistlich Pharma AG and Ethoss Regeneration Ltd.
