5 trends in the BMP market — spinal fusion has largest market share

Written by Laura Dyrda | December 13, 2016 | Print  |

The bone morphogenetic protein market is expected to grow over the next eight years, according to a Grand View Research report.

Here are five key trends:

 

1. The BMP market is expected to reach $644.6 million in 2024. The increase of spinal fusions, trauma and small bone surgeries will drive the increase over time.

 

2. In 2015, rhBMP-2 had more than half the market share for BMPs due to a higher acceptance rate among surgeons, wide application range and ease of availability in developing countries.

 

3. The use of rhBMP-7 is expected to drop in market share over the next few years, especially after Olympus discontinued OP-1 in 2014.

 

4. Spinal fusion reported the largest market share of BMP use in 2015.

 

5. North America accounted for 65 percent of the BMP market in 2015 with a high number of orthopedic surgeries available and favorable reimbursement policies in the country.

 

More articles on orthopedic devices:
SeaSpine names William Rhoda to new executive position
Global biological implant market to total $9.8B by 2024
ISASS issues policy statement recommending coverage of decompression with interlaminar stabilization

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