Latin America Bone Graft and Substitutes Market 2020 Predominantly Boosted with CAGR of 5.6% by the Rising Global Economy; CMI Revealing Industry Analysis To 2026
Latin America Bone Grafts and Substitutes Market
Increasing cases of trauma, orthopedic surgeries, dental graft implant procedures, etc. are some of the significant aspects driving the growth of the Latin America bone graft and substitutes market presently. Rapidly increasing adoption of bone graft substitutes, such as ceramics, polymers, bioactive glass, and others, is likely to contribute to the market growth during the forecast period. Spinal fusion, trauma, and dental grafting are the major application areas of bone graft and substitutes.
Request a sample copy of this report@ https://www.coherentmarketinsights.com/insight/request-sample/2644
The Latin America bone graft and substitutes market was valued at US$ 116.8 million in 2018, and is anticipated to witness a robust 5.6% CAGR during the forecast period (2018-2026).
Figure 1. Latin America Bone Graft and Substitutes Market Value Analysis (US$ Mn) and Y-o-Y Growth (%)
Source: Coherent Market Insights Analysis (2019)
Increasing number of orthopedic surgeries in Latin America to boost market growth in the region
According to the National Center for Biotechnology Information, in 2015, around 7,076 and 13,017 hospital admissions for total knee arthroplasties (TKAs) and total hip arthroplasties (THAs) respectively were reported in Brazil. In the same year, the state of Sao Paulo registered around 49% geriatric population in the Southeast region of the country, of which around 47.4% accounted for TKAs and 53.8% for THAs.
Tailored Information as per niche requirement:
LIMITED TIME OFFER – Hurry Up!
Get Discount For Buyers UPTO 30% OFF On Any Research Report
Apply Promo Code “CMIFIRST1000” And Get Instant Discount Of USD 1000
Buy Now This Premium Report to Grow your Business @ https://www.coherentmarketinsights.com/insight/buy-now/2644
Moreover, escalating demand for allografts, xenografts, and various other synthetic bone, which are innovative substitutes for real bones, is expected to supplement the regional market growth. For instance, the use of hydroxyapatite in bone grafts, without any organic or biological agents, obstructs various natural processes, such as osteogenesis, osteoconduction, and osteoinduction, as they are made through the recombinant DNA technology.
However, although bone grafting surgeries have provided life-sustaining options to a large number of patients suffering from various bone issues, the risks associated with surgery failure and graft failure can act as a potential barrier to growth of Latin America bone graft and substitutes market. According to Dental-Implants-01, the dental bone graft failure rates range from 5-10% on an average, as a result of infections and improper stabilization of the grafts. Therefore, failure in implantation may hinder the expansion of the Latin America bone graft and substitutes market.
Latin America Bone Grafts and Substitutes Market – Regional Outlook
The Latin America bone graft and substitutes market geographically comprises Colombia, Peru, Chile, and the rest of Latin America. Colombia is projected to witness immense growth in Latin America bone graft and substitute market, owing to the booming healthcare sector in the country. According to the World Health Organization (WHO), Colombia has the best quality healthcare system among all the Latin American countries.
Peru is further projected to witness significant market growth, which is attributed to the high presence of orthopedic and dental clinics focused on dental implants using bone grafts. For instance, Smiles Peru is a major dental clinic located in Lima, Peru which offers dental treatments such as dental implants, bone graft, and regeneration.
Increasing number of clinical trial in Chile is expected propel growth of the market in the country. For instance, in November 2017, Mimetis Biomaterials S.L. initiated a clinical study in Chile and Spain to determine the efficacy of MimetikOss (bone grafting surgery) in an alveolar ridge preservation procedure, followed by implant placement.
View Press Release For More Information @ https://www.coherentmarketinsights.com/press-release/latin-america-bone-graft-and-substitutes-market-to-surpass-us-1829-million-by-2026-1408
Figure 2: Latin America Bone Graft and Substitutes Market Value (US$ Mn), By Country
Source: Coherent Market Insights Analysis (2019)
Latin America Bone Grafts and Substitutes Market- Competitive Landscape
The key players operating in the Latin America bone graft and substitutes market include RTI Surgical, Inc., NuVasive, Inc., Exactech, Inc., Medtronic Plc., LifeNet Health, Zimmer Biomet Holdings, Inc., Stryker Corporation, Johnson & Johnson, Orthofix International N.V., Ace Surgical Supply Co., Inc., and Novabone Product, LLC.
Detailed Segmentation:
- Latin America Bone Graft and Substitutes Market , By Product Type:
- Bone Graft
- Allografts
- Xenografts
- Bone Graft Substitutes
- Ceramics
- Composites
- Polymers
- Bone Morphogenetics Proteins
- Others
- Bone Graft
- Latin America Bone Graft and Substitutes Market , By Application:
- Spinal Fusion
- Dental Bone Grafts
- Craniomaxillofacial
- Joint Reconstruction
- Trauma
- Latin America Bone Graft and Substitutes Market , By Country:
- Colombia
- By Product Type
- Bone Graft
- Allografts
- Xenografts
- Bone Graft Substitutes
- Ceramics
- Composites
- Polymers
- Bone Morphogenetics Proteins
- Others
- Bone Graft
- By Applications:
- Spinal Fusion
- Dental Bone Grafts
- Craniomaxillofacial
- Joint Reconstruction
- Trauma
- By Product Type
- Peru
- By Product Type
- Bone Graft
- Allografts
- Xenografts
- Bone Graft Substitutes
- Ceramics
- Composites
- Polymers
- Bone Morphogenetics Proteins
- Others
- Bone Graft
- By Applications:
- Spinal Fusion
- Dental Bone Grafts
- Craniomaxillofacial
- Joint Reconstruction
- Trauma
- By Product Type
- Chile
- By Product Type
- Bone Graft
- Allografts
- Xenografts
- Bone Graft Substitutes
- Ceramics
- Composites
- Polymers
- Bone Morphogenetics Proteins
- Others
- Bone Graft
- By Applications:
- Spinal Fusion
- Dental Bone Grafts
- Craniomaxillofacial
- Joint Reconstruction
- Trauma
- By Product Type
- Rest of Latin America
- By Product Type
- Bone Graft
- Allografts
- Xenografts
- Bone Graft Substitutes
- Ceramics
- Composites
- Polymers
- Bone Morphogenetics Proteins
- Others
- Bone Graft
- By Applications:
- Spinal Fusion
- Dental Bone Grafts
- Craniomaxillofacial
- Joint Reconstruction
- Trauma
- By Product Type
- Colombia
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.
To know more about us, please visit our website – www.coherentmarketinsights.com
Contact:
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837
Editor Details
-
Company:
- CDN Newswire
