1. The United States BMP market was estimated at $612.6 million in 2013 and is projected to grow to $587 million by 2022. This is a compound annual growth rate of 2.1 percent from 2014 to 2022.
2. The BMP market is showing upgrowth due to improved fusion rate and osteoinduction. The BMP could speed the healing process, which makes patient stays at the hospital shorter and curtails hospital expenditure.
3. The BMP market was concentrated in North America in 2013, which will remain a stronghold for the next several years. AS a result, consumer preference in North America will play a central role in shaping products. Their lifestyle includes remaining active longer and demanding comfort after surgery.
4. In 2013, 76.5 percent of all spinal fusions were performed in North America. The second largest market for BMP is Europe.
5. The market with the biggest growth potential is the Asia Pacific with a surge in the geriatric population.
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