Global Bone Morphogenetic Protein (BMP) Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The global bone morphogenetic protein (BMP) market is anticipated to grow at a significant CAGR during the forecast period (2022-2028).The BMP are a set of proteins derived from the human body. Bone morphogenetic proteins are responsible for the growth and play an important role in the maintenance, repair, and control of bone formation. The BMP market is driven by the increased sports and road accidents related injuries. The growing number of people suffering from spinal cord injuries and rising surgical rates are further driving themarket growth.

The segment of spinal fusion is believed to have a very large market size. Bone morphogenetic protein is a protein that promotes bone formation in the body and is widely used in spinal cord surgery. It is revealed that BMP is widely accepted to facilitate a larger number than traditional bone marrow transplant surgery. Additionally, BMP gives the surgeon the freedom to perform simple surgery with an improved degree of integration.

It avoids the problems of harvesting the connective tissue of the iliac crest autograft (hip). The hip replacement is avoided and reduces the amount of time it takes for surgery, and reduces the risk of complications, allowing faster and less painful recovery time. In addition, with the increase in the number of spinal surgeries and the ease of surgery with the help of BMP, its use is growing rapidly in spinal surgery. In September 2019, Medtronic received FDA approval to use Infuse bone graft that allows the use of bone graft for transforaminal lumbar interbody fusion spinal procedures.

 

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Application
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Johnson & Johnson, Medtronic plc., Merck KGaA, Stryker Corp., and Thermo Fischer Scientific, among others.

 

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

 

Global Bone Morphogenetic Protein (BMP) Market Report by Segment

By Type

• rhBMP 2
• rhBMP 7

By Application

• Spinal Fusion
• Trauma
• Reconstructive
• Oral Maxillofacial Surgery
• Other