The Artificial Bone Market is being driven by Rising geriatric population globally
The Artificial Bone Market is expected to grow at a CAGR of 10% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 242.3 million. Osteoporosis is a prevalent health condition characterized by decreased bone density and quality, leading to increased bone fragility and susceptibility to fractures. The most common fractures associated with osteoporosis occur at the spine, hip, and wrist, with an estimated annual prevalence of 1-3 million cases in the US. This condition significantly impacts both men and women, particularly postmenopausal women, with a prevalence rate of approximately 20-40%. The global impact of osteoporosis makes it a significant public health concern, necessitating ongoing research and development for effective treatment and prevention solutions.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
222 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10% |
Market growth 2025-2029 |
USD 242.3 million |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
8.9 |
Key countries |
US, China, Germany, Canada, UK, France, Japan, South Korea, Italy, India, US, Germany, UK, China, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Artificial Bone Market encompasses bone substitute materials, including ceramic implants, with essential biomaterial properties for in vivo testing and in vitro studies during preclinical trials. Clinical applications utilize surgical techniques and patient selection criteria, addressing complication management, rejection rate, long-term stability, and bone healing process. Bone density, volume, implant stability, scaffold design, and material selection are crucial factors. Biomorphogens, surface modification, degradation mechanism, cell proliferation, inflammatory response, immune response, tissue integration, bone remodeling rate, bone mineral density, bone quality, bone mass, graft survival rate, and patient outcome are significant considerations.
The Artificial Bone Market is a significant segment of the global healthcare equipment industry, according to Technavio's market research. This sector encompasses hydroxyapatite scaffolds, calcium phosphate cement, bone graft substitutes, bioactive glass ceramics, and bone tissue engineering. The global healthcare equipment market, which includes manufacturers of diagnostic equipment, instruments, implants, accessories, and consumables, is expected to grow due to advancements in technology and increasing healthcare expenditures. The Artificial Bone Market specifically benefits from these trends, as demand for innovative bone substitutes and tissue engineering solutions continues to rise. Technavio's market analysis calculates the market size based on the combined revenue generated by these key players in the industry.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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