Published on : Apr 03, 2018
Albany, New York, April 3, 2018: According to a recent analysis, the market for concentrated bone marrow aspirate has witnessed tremendous growth and advancements in recent years. Also, increased prevalence of orthopedic diseases and sports injuries has driven the demand for bone marrow aspirate concentrates. Market Research Hub (MRH) has announced the inclusion of a study titled “Bone Marrow Aspirate Concentrates Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025” to its vast database, which presents valuable insights on market trends, factors along with industry growth prospects from 2012 to 2017, and forecast to 2025. The report also highlights opportunities in the bone marrow aspirate concentrates market at the global and regional level. Prime regions emphasized in the study are North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America; these are analyzed in terms of market revenue.
Bone marrow aspiration is a well-known procedure to collect and examine bone marrow. They are used to diagnose and monitor blood and marrow diseases, including some cancers as well as infections of unknown origin. Also, gradient centrifugation is applied to BMA to separate mononuclear cells, (known as BMAC) which can be used for the treatment of bone healing, cartilage repair and new blood vessel growth. Presently, the bone marrow aspirate concentrates market in Asia is expanding with a high potential and has created huge opportunities owing to unmet clinical needs, rising elderly population, large patient pool, favorable government regulations and development in the healthcare sector.
Overall, the research also evaluated that the global bone marrow aspirate concentrates market was valued around US$ 130 Million in 2016 and expected to reach over US$ 200 Million registering a CAGR of more than 5.0% during the forecast period of 2017 to 2025. The growth is primarily driven by augmented incidences of orthopedic diseases along with the high growth of the cosmetic surgery industry and increasing applications of the BMAC products in the cosmetic and orthopedic surgeries.
For a clear understanding, a detailed discussion of the segmentation of the global bone marrow aspirate concentrates market in the study provides readers with a clear view of the various components of the market. The market has been segmented on the basis of product type, application, and end-users. In terms of application, orthopedic surgery segment is predicted to hold prime share of the market. Other applications are wound healing, chronic pain, dermatology and peripheral vascular disease. On the basis of product type, the study covers bone marrow aspirate concentrates systems and bone marrow aspirate concentrates accessories.
The competitive analysis forms the final section of this intelligent report. The key players in the global bone marrow aspirate concentrate systems market covers MK Alliance Inc. (TotipotentSC), Cesca Therapeutics Inc., Ranfac Corp., Terumo Corporation (Terumo BCT), Arthrex, Inc., Globus Medical, Inc., and Zimmer Biomet Holdings, Inc.
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