PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1550592
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1550592
The Global Demineralized Bone Matrix Market is estimated to be valued at USD 1.41 Billion in 2024 and is expected to reach USD 2.15 Billion by 2031, exhibiting a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 1.41 Bn |
Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: | 6.20% | 2031 Value Projection: | US$ 2.15 Bn |
The global demineralized bone matrix market has been growing steadily over the past few years. Demineralized bone matrix (DBM) is an osteobiologic material made from allogeneic bone after removing mineral components from the bone. It is utilized as a bone graft substitute in dental and orthopaedic procedures to stimulate bone formation. Rising number of dental surgeries and orthopaedic procedures due to increasing incidence of trauma injuries, bone fractures and various bone related diseases are some of the factors fueling demand for demineralized bone matrix globally. Moreover, growing awareness about advantages of DBM over autografts such as reduced donor site morbidity and greater availability is further supplementing the market growth. However, stringent regulations for approval of bone graft substitutes may restrain the market to a certain extent.
(Market Dynamics):
The key drivers propelling the growth of the global demineralized bone matrix market include rising geriatric population susceptible to bone disorders, increasing prevalence of dental diseases, growing number of spinal fusion and reconstruction surgeries, and advantages offered by DBM over conventional bone grafts. Additionally, ongoing research and development activities focused on enhancing osteoinductive properties of DBM through various techniques are creating new opportunities for market players. However, stringent regulatory framework for approval of bone graft substitutes and high costs associated with DBM products are some of the major challenges hampering the market growth. Moreover, preference for alternative bone grafting materials such as synthetic bone grafts is also restricting the market expansion to some extent.
(Key features of the study):
This report provides in-depth analysis of the global demineralized bone matrix market, and provides market size (USD billion) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players such as Medtronic, Wright Medical Group, Stryker, J &J (DePuy Synthes), Zimmer Biomet, Xtant Medical, and Hans Biomed
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global demineralized bone matrix market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global demineralized bone matrix market.