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Bone Marrow Aspirate Concentrates Market Size (2024 - 2029)

The bone marrow aspirate concentrates market is experiencing a recovery and growth trajectory following the disruptions caused by the COVID-19 pandemic, which had previously hindered its expansion due to postponed medical procedures. The market's size is being driven by the increasing prevalence of orthopedic conditions and sports injuries, alongside the growing use of BMAC products in orthopedic surgeries. The demand is further bolstered by technological advancements and supportive government regulations. However, the market's growth potential is somewhat tempered by the high failure rate associated with these concentrates.

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Market Size of Bone Marrow Aspirate Concentrates Industry

Bone Marrow Aspirate Concentrates Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 5.00 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

Bone Marrow Aspirate Concentrates Market Major Players

*Disclaimer: Major Players sorted in no particular order

Bone Marrow Aspirate Concentrates Market Analysis

The bone marrow aspirate concentrates market is expected to register a CAGR of 5.0% during the forecast period.

  • The COVID-19 pandemic significantly impacted the growth of the healthcare industry. Several elective and non-urgent surgeries and therapies were either postponed or canceled, which negatively affected the growth of the bone marrow aspirate concentrate market. For instance, an article published in the Annals of Rheumatic Diseases in January 2021 indicated that during the COVID-19 pandemic, people with musculoskeletal disorders were advised not to seek emergency treatment because of fear of getting contaminated with the SARS-Cov-2 virus.
  • It also suggested that the elderly population had a higher risk of osteoarthritis due to higher body mass index (BMI), and reduced physical activity. The age group was the most affected by COVID-19. Hence, there was a lag in treating musculoskeletal disorders during the pandemic, which restricted the market growth. However, since the restrictions were removed two years ago, the market has been recovering strongly.
  • Increased prevalence of orthopedic diseases and sports injuries, and increasing applications of bone marrow aspirate concentrate (BMAC) products in orthopedic surgeries, are driving the market growth.
  • Due to the frequent hosting of mega sporting events like the Asian Games, where thousands of sportspeople compete, there is a significant likelihood of sports-related injuries occurring, which is likely to increase demand for innovative therapies. Also, according to the Modern Gentlemen 2021 data, there are around 3.5 million injuries every year among children and teenagers engaged in sports. Over 4% of all injuries require surgery, which is likely to create a demand for bone marrow aspirate concentrate.
  • Furthermore, technological advancements, favorable government regulations, and the increasing prevalence of orthopedic diseases are the factors that may further contribute to the bone marrow aspirate concentrate market growth.
  • However, the high failure rate associated with bone marrow aspirate concentrates is expected to restrict the market growth over the forecast period.

Bone Marrow Aspirate Concentrates Industry Segmentation

As per the scope of the report, bone marrow aspirate concentrate (BMAC) is made from the fluid taken from bone marrow. It is a regenerative therapy procedure that uses cells from a patient's bone marrow to initiate healing for several orthopedic conditions, including osteoarthritis and cartilage injuries.

The bone marrow aspirate concentrates market is segmented by product (bone marrow aspirate concentrates systems and bone marrow aspirate concentrate accessories), application (orthopedic surgery, wound healing, peripheral vascular disease, blood cancer, and other applications), and geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America).

The report offers the value (in USD million) for the above segments.

By Product
Bone Marrow Aspirate Concentrates Systems
Bone Marrow Aspirate Concentrates Accessories
By Application
Orthopedic Surgery
Wound Healing
Peripheral Vascular Disease
Blood Cancer
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America
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Bone Marrow Aspirate Concentrates Market Size Summary

The bone marrow aspirate concentrates market is poised for steady growth, driven by the increasing prevalence of orthopedic diseases and sports injuries. The market experienced a temporary setback due to the COVID-19 pandemic, which led to the postponement of elective surgeries and therapies, thereby hindering growth. However, the market has been on a recovery path since the lifting of restrictions. The demand for bone marrow aspirate concentrates is bolstered by their applications in orthopedic surgeries and the rising incidence of musculoskeletal disorders. Technological advancements and favorable government regulations further support market expansion, although the high failure rate associated with these concentrates poses a challenge to growth.

North America is anticipated to hold a significant share of the global market, attributed to the rising prevalence of osteoarthritis and technological advancements in the region. The growing geriatric population and increased awareness of stem cell therapy are expected to further propel market growth. The market is moderately consolidated, with key players like Arthrex, Inc., Globus Medical, Inc., and Zimmer Biomet Holdings, Inc. leading the industry. Recent innovations, such as Scopio Labs' Full-Field Bone Marrow Aspirate application and Royal Biologics' MAXX-BMC system, highlight the ongoing advancements in the field, contributing to the market's positive outlook.

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Bone Marrow Aspirate Concentrates Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Prevalence of Orthopedic Diseases and Sports Injuries

      2. 1.2.2 Rise in Healthcare Expenditure

    3. 1.3 Market Restraints

      1. 1.3.1 High Failure Rate of Treatment

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value - in USD million)

    1. 2.1 By Product

      1. 2.1.1 Bone Marrow Aspirate Concentrates Systems

      2. 2.1.2 Bone Marrow Aspirate Concentrates Accessories

    2. 2.2 By Application

      1. 2.2.1 Orthopedic Surgery

      2. 2.2.2 Wound Healing

      3. 2.2.3 Peripheral Vascular Disease

      4. 2.2.4 Blood Cancer

      5. 2.2.5 Others

    3. 2.3 Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

        3. 2.3.1.3 Mexico

      2. 2.3.2 Europe

        1. 2.3.2.1 Germany

        2. 2.3.2.2 United Kingdom

        3. 2.3.2.3 France

        4. 2.3.2.4 Italy

        5. 2.3.2.5 Spain

        6. 2.3.2.6 Rest of Europe

      3. 2.3.3 Asia-Pacific

        1. 2.3.3.1 China

        2. 2.3.3.2 Japan

        3. 2.3.3.3 India

        4. 2.3.3.4 Australia

        5. 2.3.3.5 South Korea

        6. 2.3.3.6 Rest of Asia-Pacific

      4. 2.3.4 Middle East and Africa

        1. 2.3.4.1 GCC

        2. 2.3.4.2 South Africa

        3. 2.3.4.3 Rest of Middle East and Africa

      5. 2.3.5 South America

        1. 2.3.5.1 Brazil

        2. 2.3.5.2 Argentina

        3. 2.3.5.3 Rest of South America

Bone Marrow Aspirate Concentrates Market Size FAQs

The Bone Marrow Aspirate Concentrates Market is projected to register a CAGR of 5% during the forecast period (2024-2029)

Arthrex, Inc, Globus Medical, Inc, Terumo BCT, Zimmer Biomet and ThermoGenesis Corp. are the major companies operating in the Bone Marrow Aspirate Concentrates Market.

Bone Marrow Aspirate Concentrates Report Snapshots

Bone Marrow Aspirate Concentrates Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)