Bone Morphogenetic Proteins Market report is a comprehensive overview of the market’s situation thoroughly examined and compiled by Stratview Research. This new report provides past progress, current market conditions, and a future prospect from the year 2021 to 2026. It also offers accurate overview of the growth strategies, market size, mergers & acquisitions, and upcoming products/services of leading key players in this market.
The report analyses the market thoroughly and collects data in order to offer reliable data to the users. Bone Morphogenetic Proteins Market was estimated to grow from USD 542.3 million in 2020 to USD 633.1 million by 2026 at a CAGR of over 2.6% during the forecast period.
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Market Segments' Analysis
According to Stratview Research, the Bone Morphogenetic Proteins Market is Segmented By Type (rhBMP-2, rhBMP-7), By Application (Spinal Fusion, Trauma, Reconstructive Surgery, Oral-maxillofacial), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Based on application, the bone morphogenetic proteins market has been classified into spinal fusion, trauma, reconstructive surgery, and oral-maxillofacial. Under these, spinal fusion held the largest market share in 2020 and is likely to grow at a considered CAGR during the forecast period.
Degenerative disc disorder of the spine is mainly due to accidental falls, sports injuries, or osteoporosis in the aging population. Also, the presence of favorable reimbursement policies for spine infusion procedures further bolsters the segment growth.
Top key vendors in the market:
The report mentions a list of key players in the Bone Morphogenetic Proteins Market. Some of them are mentioned below –
Johnson & Johnson (US)
Ember therapeutics Inc. (US)
Integra Lifesciences Holdings Corporation (US)
Medtronic PLC (Ireland)
Bio-Techne (R&D Systems, Inc.) (US)
Merck KGaA (Germany)
Pfizer, Inc. (US)
Which region is expected to dominate the market?
By region, the North American market held a significant market share in 2020 and is projected to grow at a healthy CAGR in the coming years. Rising healthcare expenditure, growing awareness regarding minimally invasive BMP procedures, strong adoption of advanced technology by orthopedic surgeons, well-established healthcare infrastructure, and favorable reimbursement structure, augment the regional market growth during the forecast timeline.
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