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The Latin America Bone Graft and Substitutes Market Analysis | Coherent Market Insights

The Latin America Bone Graft and Substitutes Market was valued at US$ 116.8 million in 2018.

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The Latin America Bone Graft and Substitutes Market Analysis | Coherent Market Insights

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. LATIN AMERICA BONE GRAFT & SUBSTITUTES MARKET ANALYSIS Latin America Bone Graft and Substitutes Market,byProduct Type (Bone graft ( Allografts and Xenografts) and Bone Graft Substitutes (Ceramics, Composites, Polymers, Bone Morphogenetics Proteins, and Others)), by Application (Spinal Fusion, Dental Bone Grafts, Craniomaxillofacial, Joint Reconstruction, and Trauma), and by Country (Colombia, Peru, Chile, and Rest of Latin America) - Size, Share, Outlook, and Opportunity Analysis, 2018-2026

  3. 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). Drivers • According to National Center for Biotechnology Information, in 2015, around 7,076 hospital admissions for total knee arthroplasties (TKAs) and 13,017 hospital admission for total hip arthroplasties (THAs) were reported in Brazil. Moreover, in 2015, the state of Sao Paulo registered 49% geriatric population in the Southeast region of the country, among which 47.4% accounted for TKAs and 53.8% for THAs.

  4. Moreover, increasing demand for allografts, xenografts, and various other synthetic bone grafts that are innovative substitutes for real bones is expected to compliment the market growth. For instance, use of hydroxyapatite in bone grafts without any organic and biological agents obstructs the natural processes such as osteogenesis, osteoconduction, and osteoinduction, as they are made through recombinant DNA technology. • However, although bone grafting surgeries have provided life-sustaining options to a large number of patients suffering from various bone issues, the risks associated with surgery failure and graft failure can act as a potential barrier to growth of Latin America bone graft and substitutes market. For instance, according to Dental-Implants-01, the dental bone graft failure rates range from 5-10% on an average, as a result of infections and improper stabilization of the grafts. Therefore, failure in implantation may hinder growth of Latin America bone graft and substitutes market.

  5. Figure 1.Latin America Bone Graft and Substitutes Market Value Analysis (US$ Mn) and Y-o-Y Growth (%)

  6. Regional 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.

  7. Peru is expected to witness significant growth in Latin America bone graft and substitutes market, owing to high presence of orthopedic and dental clinics focused on dental implants by using bone grafts. For instance, Smiles Peru is a major dental clinic located in Lima, Peru which offers dental treatments such as dental implants, bone graft, and regeneration. • Increasing number of clinical trial in Chile is expected propel growth of the market in the country. For instance, in November 2017, Mimetis Biomaterials S.L. initiated a clinical study in Chile and Spain to determine the efficacy of MimetikOss (bone grafting surgery) in an alveolar ridge preservation procedure followed by implant placement. The study is estimated to complete in October 2019.

  8. Figure 2: Latin America Bone Graft and Substitutes Market Value (US$ Mn), By Country

  9. Competitive Section 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

  10. Request Sample Report • Request Customization • Download PDF Brochure • Talk to Analyst Reference: https://www.coherentmarketinsights.com/market-insight/latin-america-bone-graft-and-substitutes-market-2644

  11. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  12. Contact Us Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

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