Latin America Bone Graft and Substitutes Market is Booming Worldwide till 2026
Latin America Bone Graft and Substitutes Market – Size, Share, Outlook, and Opportunity Analysis 2018 - 2026
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Latin America bone graft and substitutes market is expected to witness significant growth over the forecast period, owing to increasing adoption of new technologies by manufacturers to develop novel bone graft substitutes. For instance, in March 2015, Osiris Therapeutics, Inc., a company based in Columbia, Maryland, introduced BIO4. BIO4 is a viable bone matrix containing endogenous bone forming cells including mesenchymal stem cells, osteoprogenitor cells, osteoblasts, osteoinductive, and angiogenic growth factors. BIO4 has all four characteristics involved in bone repair and regeneration including osteoconductive, osteoinductive, osteogenic, and angiogenic characteristics. It is a safe alternative to bone autograft that minimizes the potential for harvest site co-morbidities.
The Latin America bone graft and substitutes market was valued at US$ 116.8 million in 2018, and is expected to witness a CAGR of 5.6% during the forecast period (2018– 2026).
Latin America Bone Graft and Substitutes Market – Country-Wise Analysis
On the basis of country-wise segmentation, Latin America bone graft and substitutes market is divided into Colombia, Peru, Chile, and the rest of Latin America.
Colombia is projected to witness significant growth in Latin America bone graft and substitute market, owing to growing healthcare sector in the country. According to the World Health Organization (WHO), Colombia has the best and high quality healthcare system among all the Latin American countries. Moreover, WHO has ranked Colombia's healthcare system at 22nd position out of all 191 countries across the world.
Latin America Bone Graft and Substitutes Market- Competitive Landscape
Key players operating in 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
Latin America Bone Graft and Substitutes Market , By Product Type:
• Bone Graft
• Bone Graft Substitutes
- Bone Morphogenetics Proteins
Latin America Bone Graft and Substitutes Market , By Application:
• Spinal Fusion
• Dental Bone Grafts
• Joint Reconstruction
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