Global Bone Morphogenetic Proteins Market Size To Increase At A CAGR Of 2.3% In The Forecast Period Of 2023-2028
The ‘Global Bone Morphogenetic Proteins Market Size, Share, Growth, Analysis, Report and Forecast 2023-2028’ by Expert Market Research, gives an extensive outlook of the global bone morphogenetic proteins market, assessing based on its segments like type, application, and major regions.
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 2.3%
Bones have complicated mechanical functions and a mineralised structure, due to which the structure of bone tissue is modified to accommodate those mechanical functions. The bone morphogenetic (BMP) family of proteins promotes the synthesis of bone and cartilage and has an impact on a number of non-osteogenic processes. Bone morphogenetic proteins are used in a variety of medical specialties, including dentistry, orthopaedics, sports medicine, and rehabilitation, because of their osteogenic action. These applications are expected to boost the global bone morphogenetic proteins market.
The therapeutic use of activators and inhibitors of bone morphogenetic protein signalling would open up potential treatment options for human illnesses brought on by hypo- and hyperactivation of bone morphogenetic protein signals. This is because deregulation of the bone morphogenetic protein activity at multiple steps in signal transduction is associated with a large number of diseases.
Bone Morphogenetic Proteins Market Segmentation
Bone morphogenetic proteins are a family of proteins that help encourage bone formation at various ectopic sites. There are currently close to 20 distinct bone morphogenetic proteins known, each with varying degrees of tissue-stimulating abilities. During the development and maintenance of organs like bone, cartilage, muscle, kidney, and blood vessels, bone morphogenetic proteins are crucial in a variety of functions.
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Based on type, the market is bifurcated into:
• Recombinant Human Bone Morphogenetic Protein (rhBMP) – 2
• Recombinant Human Bone Morphogenetic Protein (rhBMP) -7
On the basis of application, the market is segmented into:
• Spinal Fusion
• Trauma
• Reconstructive Surgery
• Oral-maxillofacial
The major regional markets are:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Bone Morphogenetic Proteins Market Trends
The key trends in the bone morphogenetic proteins market include the development of premium products for advanced applications. For example, INFUSE® Bone Graft is a premium product for autograft replacement due to its excellent osteoinductivity. Recombinant human bone morphogenetic protein-2 (rhBMP-2) is infused into an absorbable collagen sponge carrier to create an infused bone graft (ACS). The protein’s ability to promote natural bone growth is one of its key activities.
INFUSE® Bone Graft is a ground-breaking bone graft that eliminates the need to remove bone from other areas of a patient’s body by promoting natural bone development and remodelling. Over a million patients worldwide have used INFUSE® since it first hit the market in 2002. These solutions are anticipated to fuel the global bone morphogenetic proteins market. Infuse is approved to treat selected acute, open tibial shaft fractures as well as several spinal fusion procedures in skeletally mature patients with degenerative disc degeneration (DDD) from L2 to S1. Additionally, INFUSE® is approved for use in some oral and maxillofacial surgeries.
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Key Market Players
The major players in the global bone morphogenetic proteins market report include Thermo Fisher Scientific, Inc., Medtronic plc, Prospec-Tany Technogene Ltd., and Merck KGaA, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers, and acquisitions, among other latest developments of the major market players.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
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