A new report from Persistence Market Research examines the bone grafts market and forecast through 2020.
Here are eight things to know about the international bone graft market:
1. North America dominates the global bone graft market due to increased awareness about how important bone graft procedures are.
2. The increased adoption of cell-based matrices also promotes bone graft market growth in the United States.
3. Other large markets include Canada, Europe, Germany, Italy, France and the United Kingdom. These countries have a major share of the bone graft market.
4. Asia is expected to show high bone graft market growth rates over the next five years in the global bone grafts market, as a result of increased public awareness of bone regeneration.
5. Japan, China and India are expected to grow the fastest in Europe.
6. Additional growth factors in the bone graft market include:
• Rising aging population
• Increased spinal fusions and joint reconstructions performed
• Advanced bone graft technology
7. Tough regulations could hinder bone graft market growth.
8. High costs and inadequate reimbursement policies for bone grafting also slows potential growth.
9. Major trends in the industry include rapid product launches and mergers and acquisitions between major bone graft systems manufacturers.
10. The major companies in the field include Zimmer, BioMimetic Therapeutics, Wright Medical Technology, Stryker Smith & Nephew and RTI Surgical.