SEATTLE, Aug. 04, 2021 (GLOBE NEWSWIRE) -- According to Coherent Market Insights, the Global Demineralized Bone Matrix Market is estimated to be valued at US$ 619.5 million in 2021 and is expected to exhibit a CAGR of 4.3% during the forecast period (2021-2028).
Key trends in the market includes new product launch and regulatory approval, which is expected to drive the global demineralized bone matrix market growth over the forecast period. For instance, in February 2019, Medtronic plc announced the Japanese launch of the Grafton(TM) demineralized bone matrix (DBM) bone grafting product for spine and orthopedic procedures. Grafton DBM is the first and only demineralized bone matrix product available in Japan, which is the world's second largest market region for spinal medical devices.
Key Market Takeaways:
The global demineralized bone matrix market is expected to exhibit a CAGR of 4.3% during the forecast period due to rising cases of orthopedic disorders caused by weakened bones, this is expected to drive the global demineralized bone matrix market over the forecast period. For instance, according to the World Health Organization’s Population Division, the number of people aged over 60 was 900 million in 2015, and is expected to reach 2 billion in 2050 globally.
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Among Type, Putty segment is estimated to hold a dominant position in the global demineralized bone matrix market over forecast period due to increasing the incidence of orthopedic conditions across the globe. For instance, as per World Health Organization (WHO) in February 2021, approximately 1.71 billion people have musculoskeletal conditions worldwide.
On the basis of Application, spinal fusion segment is estimated to hold a dominant position in the global demineralized bone matrix market over forecast period. Increasing number of spinal fusion is estimated to drive the segment growth over the forecast period. For instance, According to the Centers for Disease Control and Prevention report, around 34.0% of the adult population and 62.0% of the elderly population got affected by spinal deformities as of 2019. The common causes of spinal fusion injuries are found to be trauma, falls, collisions, or road traffic accidents.
Key players operating in the global demineralized bone matrix market are Medtronic Plc, Johnson & Johnson (DePuy Synthes), Exactech, Inc., HansBioMed, Xtant Medical, Stryker, Arthrex GmbH, RTI Surgical, Zimmer Biomet, and Straumann.
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Global Demineralized Bone Matrix Market, By Type :
Putty with Chips
Global Demineralized Bone Matrix Market, By Applications:
Global Demineralized Bone Matrix Market, By End User:
Global Demineralized Bone Matrix Market, By Region:
Rest of Latin America
Rest of Europe
Rest of Asia Pacific
Rest of Middle East
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