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Bone Morphogenetic Protein Market Report Scope & Overview:

Bone Morphogenetic Protein Market,Revenue Analysis

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The Bone Morphogenetic Protein Market size was estimated at USD 0.53 billion in 2023 and is expected to reach USD 0.72 billion by 2032 with a growing CAGR of 3.50% during the forecast period of 2024-2032.

The Food and Drug Administration (FDA) has approved Bone Morphogenetic Proteins for a variety of uses, including oral surgery and spinal fusions. Bone morphogenetic proteins are naturally occurring proteins in the human body that promote bone growth and are mostly required for bone repair. They are crucial in the development of the central nervous system.

MARKET DYNAMICS

DRIVERS

  • An increase in the number of spinal injuries and the elderly population

The spinal injury market is expected to develop in the next years as the prevalence of spinal injuries rises, as will the number of surgical treatments. Several manufacturers are conducting continuous research to investigate the therapeutic potential of BMP in various orthopedic illnesses such as soft tissue repair and osteoarthritis. This study is intended to improve the product's demand.

RESTRAIN 

  • Expensive implementation

To develop and optimize BMP medicines, extensive research and development activities are required. Understanding the mechanism of action, optimizing formulations, and conducting preclinical and clinical trials all involve time and money. To conduct tests, purchase materials and equipment, and support research teams involved in such R&D operations, costly resources are required. Furthermore, healthcare providers, insurance companies, and patients may experience challenges as a result of the high cost of BMP market implementation. Because of their high prices, BMP therapies may be out of reach for those with limited financial means or poor access to medical care, limiting market expansion.

OPPORTUNITY 

  • Rapid Technological Advancement

Technological improvements have resulted in more effective BMP therapy delivery strategies. These developments allow for more precise and regulated administration of BMPs, assuring targeted delivery to the exact location where they are required. Biocompatible scaffolds, nanoparticles, hydrogels, and microencapsulation techniques, for example, have been developed by researchers to allow for the delayed and localized release of BMPs. These delivery techniques boost BMPs' regeneration potential by simulating native tissues' supportive environment for cell growth and differentiation.

CHALLENGES

  • Increased expenses of procedure

IMPACT OF ECONOMIC DOWNTURN

Economic downturns have a wide-ranging impact on people's lives, including housing, employment, and the cost of living. It's no wonder, then, that a plethora of research has demonstrated that they have a significant negative impact on mental health. During recessions, the stress caused by unemployment and a lack of social security considerably leads to an increase in suicide rates and self-harm. This is aggravated further by the fact that mental health services in many nations are grossly underfunded. The impact of economic recessions on depression, anxiety, and trauma-related disorders and illness outcomes a scoping Review, an MDPI study, examines the global impact of recessions on mental health and wellbeing. It focuses on four mental health diseases depression, anxiety, trauma, and stress as well as two illness consequences self-harm and suicide.

KEY MARKET SEGMENTATION

By Type

  • Recombinant Human Bone Morphogenetic Protein-2

  • Recombinant Human Bone Morphogenetic Protein-7

In 2023, Recombinant Human Bone Morphogenetic Protein-2 segment is expected to held the highest market share during the forecast period. Recombinant Human Bone Morphogenetic Protein (rhBMP-2) is a bone morphogenetic protein that aids in the formation of new bones in the body. It is frequently utilized in medical operations to promote bone growth and repair. Furthermore, recombinant human bone morphogenetic protein (rhBMP-2) is created in a lab using genetic engineering. These proteins have a lot of potential for medical uses. One significant advantage of rhBMP-2 is its ability to be synthesized in huge numbers, ensuring clinical availability. It is also thought to be less prone to elicit an immunological response than other types of BMPs.

By Application

  • Spinal Fusion

  • Trauma

  • Reconstructive Surgery

  • Oral-Maxillofacial

  • Others

In 2023, the spinal fusion segment is expected to dominate the market growth during the forecast period. The use of bone morphogenetic protein (BMP) in spinal fusion surgery is critical in encouraging bone growth within the body. According to research, BMP promotes fusion at a faster rate than standard bone transplant surgery. This feature is especially important since it allows surgeons to complete the treatment more quickly, resulting in a higher fusion success rate while eliminating the hazards involved with collecting grafts from the patient's hip (iliac crest autograft).

REGIONAL ANALYSIS

North America held a significant market share in 2023 due to North America has a modern healthcare system that includes world-class hospitals, clinics, and research organizations. This solid infrastructure facilitates the adoption and use of novel medical technologies such as Bone Morphogenetic Protein (BMP) therapies. The availability of highly skilled healthcare experts and access to cutting-edge facilities contribute significantly to the region's BMP market growth. Furthermore, North America's aging population is increasing the prevalence of age-related bone disorders and ailments. Because older people are more prone to fractures and degenerative bone problems, the requirement for BMP therapy becomes critical for their care. This demographic shift is a major driver of the BMP industry in North America.

Europe is witness to expand fastest CAGR rate during the forecast period. Osteoporosis, osteoarthritis, and spinal ailments are on the rise in Europe. This development is influenced by the aging population, inactivity, and changing nutritional choices. This has increased interest in Bone Morphogenetic Protein (BMP) treatments and other feasible regeneration approaches across Europe. Patients in the area frequently seek out BMP treatments since they have observed great results in bone repair and tissue restoration. As the prevalence of bone issues rises, various European countries have implemented beneficial healthcare policies and programs. These initiatives seek to boost the adoption of new therapies such as BMP treatments.

Bone-Morphogenetic-Protein-Market-By-Region

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REGIONAL COVERAGE

North America

  • US

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America

Key Players

The major players are Medtronic, Stryker Corporation, Merck KGaA, Prospec-Tany Technogene Ltd, Ember Therapeutics, Thermo Fisher Scientific, Akron Biotechnology LLC, Sino Biological Inc, Integra Lifesciences Holdings Corporation, Zimmer Biomet Holdings Inc., Orthofix Medical Inc., and Others.

Medtronic-Company Financial Analysis

Company Landscape Analysis

RECENT DEVELOPMENTS

Orthofix Medical Inc., in August 2022, Orthofix Medical Inc. signed a strategic partnership agreement with CGBio to develop and commercialize Novosis recombinant human bone morphogenetic protein-2 (rhBMP-2) bone growth materials and other future tissue regenerative solutions for the US and Canadian markets.

Orthofix Medical will develop Opus BA for cervical and lumbar spine fusion surgeries in February 2022. Opus BA acts as a scaffold, allowing bone to grow over the surface before being reabsorbed and replaced with normal bone during healing.

Bone Morphogenetic Protein Market Report Scope:

Report Attributes Details
Market Size in 2023  US$ 0.53 Billion
Market Size by 2032  US$ 0.72 Billion
CAGR   CAGR of 3.50% From 2024 to 2032
Base Year 2023
Forecast Period  2024-2032
Historical Data  2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (Recombinant Human Bone Morphogenetic Protein-2, Recombinant Human Bone Morphogenetic Protein-7)
• By Application (Spinal Fusion, Trauma, Reconstructive Surgery, Oral-Maxillofacial, Others)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)
Company Profiles Medtronic, Stryker Corporation, Merck KGaA, Prospec-Tany Technogene Ltd, Ember Therapeutics, Thermo Fisher Scientific, Akron Biotechnology LLC, Sino Biological Inc, Integra Lifesciences Holdings Corporation, Zimmer Biomet Holdings Inc., Orthofix Medical Inc.
Key Drivers • An increase in the number of spinal injuries and the elderly population
Market Restrain • Expensive implementation

 

Frequently Asked Questions

Ans: Bone Morphogenetic Protein Market is anticipated to expand by 3.50% from 2024 to 2032.

Ans: Recombinant Human Bone Morphogenetic Protein-2 segment is expected to held the highest market share in 2023.

Ans: The growth rate of Bone Morphogenetic Protein Market is expected to grow USD 0.72 billion by 2032.

Ans: Bone Morphogenetic Protein Market size was valued at USD 0.53 billion in 2023.

Ans:  Increased expenses of procedure

TABLE OF CONTENTS

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Bone Morphogenetic Protein Market Segmentation, By Type
8.1 Recombinant Human Bone Morphogenetic Protein-2
8.2 Recombinant Human Bone Morphogenetic Protein-7

9. Bone Morphogenetic Protein Market Segmentation, By Application
9.1 Spinal Fusion
9.2 Trauma
9.3 Reconstructive Surgery
9.4 Oral-Maxillofacial
9.5 Others

10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 North America Bone Morphogenetic Protein Market by Country
10.2.2 North America Bone Morphogenetic Protein Market by Type
10.2.3 North America Bone Morphogenetic Protein Market by Application
10.2.4 USA
10.2.4.1 USA Bone Morphogenetic Protein Market by Type
10.2.4.2 USA Bone Morphogenetic Protein Market by Application
10.2.5 Canada
10.2.5.1 Canada Bone Morphogenetic Protein Market by Type
10.2.5.2 Canada Bone Morphogenetic Protein Market by Application
10.2.6 Mexico
10.2.6.1 Mexico Bone Morphogenetic Protein Market by Type
10.2.6.2 Mexico Bone Morphogenetic Protein Market by Application
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Eastern Europe Bone Morphogenetic Protein Market by Country
10.3.1.2 Eastern Europe Bone Morphogenetic Protein Market by Type
10.3.1.3 Eastern Europe Bone Morphogenetic Protein Market by Application
10.3.1.4 Poland
10.3.1.4.1 Poland Bone Morphogenetic Protein Market by Type
10.3.1.4.2 Poland Bone Morphogenetic Protein Market by Application
10.3.1.5 Romania
10.3.1.5.1 Romania Bone Morphogenetic Protein Market by Type
10.3.1.5.2 Romania Bone Morphogenetic Protein Market by Application
10.3.1.6 Hungary
10.3.1.6.1 Hungary Bone Morphogenetic Protein Market by Type
10.3.1.6.2 Hungary Bone Morphogenetic Protein Market by Application
10.3.1.7 Turkey
10.3.1.7.1 Turkey Bone Morphogenetic Protein Market by Type
10.3.1.7.2 Turkey Bone Morphogenetic Protein Market by Application
10.3.1.8 Rest of Eastern Europe
10.3.1.8.1 Rest of Eastern Europe Bone Morphogenetic Protein Market by Type
10.3.1.8.2 Rest of Eastern Europe Bone Morphogenetic Protein Market by Application
10.3.2 Western Europe
10.3.2.1 Western Europe Bone Morphogenetic Protein Market by Country
10.3.2.2 Western Europe Bone Morphogenetic Protein Market by Type
10.3.2.3 Western Europe Bone Morphogenetic Protein Market by Application
10.3.2.4 Germany
10.3.2.4.1 Germany Bone Morphogenetic Protein Market by Type
10.3.2.4.2 Germany Bone Morphogenetic Protein Market by Application
10.3.2.5 France
10.3.2.5.1 France Bone Morphogenetic Protein Market by Type
10.3.2.5.2 France Bone Morphogenetic Protein Market by Application
10.3.2.6 UK
10.3.2.6.1 UK Bone Morphogenetic Protein Market by Type
10.3.2.6.2 UK Bone Morphogenetic Protein Market by Application
10.3.2.7 Italy
10.3.2.7.1 Italy Bone Morphogenetic Protein Market by Type
10.3.2.7.2 Italy Bone Morphogenetic Protein Market by Application
10.3.2.8 Spain
10.3.2.8.1 Spain Bone Morphogenetic Protein Market by Type
10.3.2.8.2 Spain Bone Morphogenetic Protein Market by Application
10.3.2.9 Netherlands
10.3.2.9.1 Netherlands Bone Morphogenetic Protein Market by Type
10.3.2.9.2 Netherlands Bone Morphogenetic Protein Market by Application
10.3.2.10 Switzerland
10.3.2.10.1 Switzerland Bone Morphogenetic Protein Market by Type
10.3.2.10.2 Switzerland Bone Morphogenetic Protein Market by Application
10.3.2.11 Austria
10.3.2.11.1 Austria Bone Morphogenetic Protein Market by Type
10.3.2.11.2 Austria Bone Morphogenetic Protein Market by Application
10.3.2.12 Rest of Western Europe
10.3.2.12.1 Rest of Western Europe Bone Morphogenetic Protein Market by Type
10.3.2.12.2 Rest of Western Europe Bone Morphogenetic Protein Market by Application
10.4 Asia-Pacific
10.4.1 Asia Pacific Bone Morphogenetic Protein Market by Country
10.4.2 Asia Pacific Bone Morphogenetic Protein Market by Type
10.4.3 Asia Pacific Bone Morphogenetic Protein Market by Application
10.4.4 China
10.4.4.1 China Bone Morphogenetic Protein Market by Type
10.4.4.2 China Bone Morphogenetic Protein Market by Application
10.4.5 India
10.4.5.1 India Bone Morphogenetic Protein Market by Type
10.4.5.2 India Bone Morphogenetic Protein Market by Application
10.4.6 Japan
10.4.6.1 Japan Bone Morphogenetic Protein Market by Type
10.4.6.2 Japan Bone Morphogenetic Protein Market by Application
10.4.7 South Korea
10.4.7.1 South Korea Bone Morphogenetic Protein Market by Type
10.4.7.2 South Korea Bone Morphogenetic Protein Market by Application
10.4.8 Vietnam
10.4.8.1 Vietnam Bone Morphogenetic Protein Market by Type
10.4.8.2 Vietnam Bone Morphogenetic Protein Market by Application
10.4.9 Singapore
10.4.9.1 Singapore Bone Morphogenetic Protein Market by Type
10.4.9.2 Singapore Bone Morphogenetic Protein Market by Application
10.4.10 Australia
10.4.10.1 Australia Bone Morphogenetic Protein Market by Type
10.4.10.2 Australia Bone Morphogenetic Protein Market by Application
10.4.11 Rest of Asia-Pacific
10.4.11.1 Rest of Asia-Pacific Bone Morphogenetic Protein Market by Type
10.4.11.2 Rest of Asia-Pacific Bone Morphogenetic Protein Market by Application
10.5 Middle East & Africa
10.5.1 Middle East
10.5.1.1 Middle East Bone Morphogenetic Protein Market by Country
10.5.1.2 Middle East Bone Morphogenetic Protein Market by Type
10.5.1.3 Middle East Bone Morphogenetic Protein Market by Application
10.5.1.4 UAE
10.5.1.4.1 UAE Bone Morphogenetic Protein Market by Type
10.5.1.4.2 UAE Bone Morphogenetic Protein Market by Application
10.5.1.5 Egypt
10.5.1.5.1 Egypt Bone Morphogenetic Protein Market by Type
10.5.1.5.2 Egypt Bone Morphogenetic Protein Market by Application
10.5.1.6 Saudi Arabia
10.5.1.6.1 Saudi Arabia Bone Morphogenetic Protein Market by Type
10.5.1.6.2 Saudi Arabia Bone Morphogenetic Protein Market by Application
10.5.1.7 Qatar
10.5.1.7.1 Qatar Bone Morphogenetic Protein Market by Type
10.5.1.7.2 Qatar Bone Morphogenetic Protein Market by Application
10.5.1.8 Rest of Middle East
10.5.1.8.1 Rest of Middle East Bone Morphogenetic Protein Market by Type
10.5.1.8.2 Rest of Middle East Bone Morphogenetic Protein Market by Application
10.5.2 Africa
10.5.2.1 Africa Bone Morphogenetic Protein Market by Country
10.5.2.2 Africa Bone Morphogenetic Protein Market by Type
10.5.2.3 Africa Bone Morphogenetic Protein Market by Application
10.5.2.4 Nigeria
10.5.2.4.1 Nigeria Bone Morphogenetic Protein Market by Type
10.5.2.4.2 Nigeria Bone Morphogenetic Protein Market by Application
10.5.2.5 South Africa
10.5.2.5.1 South Africa Bone Morphogenetic Protein Market by Type
10.5.2.5.2 South Africa Bone Morphogenetic Protein Market by Application
10.5.2.6 Rest of Africa
10.5.2.6.1 Rest of Africa Bone Morphogenetic Protein Market by Type
10.5.2.6.2 Rest of Africa Bone Morphogenetic Protein Market by Application
10.6 Latin America
10.6.1 Latin America Bone Morphogenetic Protein Market by Country
10.6.2 Latin America Bone Morphogenetic Protein Market by Type
10.6.3 Latin America Bone Morphogenetic Protein Market by Application
10.6.4 Brazil
10.6.4.1 Brazil Bone Morphogenetic Protein Market by Type
10.6.4.2 Brazil Bone Morphogenetic Protein Market by Application
10.6.5 Argentina
10.6.5.1 Argentina Bone Morphogenetic Protein Market by Type
10.6.5.2 Argentina Bone Morphogenetic Protein Market by Application
10.6.6 Colombia
10.6.6.1 Colombia Bone Morphogenetic Protein Market by Type
10.6.6.2 Colombia Bone Morphogenetic Protein Market by Application
10.6.7 Rest of Latin America
10.6.7.1 Rest of Latin America Bone Morphogenetic Protein Market by Type
10.6.7.2 Rest of Latin America Bone Morphogenetic Protein Market by Application

11. Company Profile
11.1 Medtronic
11.1.1 Company Overview
11.1.2 Financials
11.1.3 Product/Services Offered
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 Stryker Corporation
11.2.1 Company Overview
11.2.2 Financials
11.2.3 Product/Services Offered
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 Merck KGaA
11.3.1 Company Overview
11.3.2 Financials
11.3.3 Product/Services Offered
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 Prospec-Tany Technogene Ltd
11.4 Company Overview
11.4.2 Financials
11.4.3 Product/Services Offered
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 Ember Therapeutics
11.5.1 Company Overview
11.5.2 Financials
11.5.3 Product/Services Offered
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 Thermo Fisher Scientific
11.6.1 Company Overview
11.6.2 Financials
11.6.3 Product/Services Offered
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 Akron Biotechnology LLC
11.7.1 Company Overview
11.7.2 Financials
11.7.3 Product/Services Offered
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 Sino Biological Inc
11.8.1 Company Overview
11.8.2 Financials
11.8.3 Product/Services Offered
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 Integra Lifesciences Holdings Corporation
11.9.1 Company Overview
11.9.2 Financials
11.9.3 Product/Services Offered
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 Zimmer Biomet Holdings Inc.
11.10.1 Company Overview
11.10.2 Financials
11.10.3 Product/Services Offered
11.10.4 SWOT Analysis
11.10.5 The SNS View
11.11 Orthofix Medical Inc.
11.11.1 Company Overview
11.11.2 Financials
11.11.3 Product/Services Offered
11.11.4 SWOT Analysis
11.11.5 The SNS View

12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions

13. USE Cases and Best Practices

14. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

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This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

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Data Bank Validation

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