Bone Marrow Aspirate Concentrate Market Report

Market Insights

What is bone marrow aspirate concentrate?

Bone marrow aspirate concentrate is primarily made from the fluid which is extracted from bone marrow. It represents red blood cells, mononuclear cell concentration, granulocytes, immature myeloid precursors, and platelets that are derived through a minimally invasive procedure, which avoids the risks of an open bone graft procedure and these cells can aid in the healing of some bone and joint conditions.

The Bone Marrow Aspirate Concentrate market is projected to grow from USD 152.3 million in 2020 to USD 203.8 million by 2026 at a CAGR of over 5.1% during the forecast period.

Figure: Bone Marrow Aspirate Concentrate Market Size, 2020-2026 (USD Million)

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Market Drivers

The growing prevalence of sports injuries and orthopedic diseases coupled with strong growth of the cosmetic surgery sector, and rising usage of the bone marrow aspirate concentrate (BMAC) products in cosmetic & orthopedic surgeries, are some of the key factors augmenting the market growth. Moreover, favorable government regulations and strong technological developments are expected to offer ample growth opportunities to the industry players in the coming years.

COVID-19 Impact on Bone Marrow Aspirate Concentrate Market

The COVID-19 pandemic has moderately affected the bone marrow aspirate concentrate industry. The rapid spread of COVID-19 has led to several thousands of hospital admissions. The focus of healthcare professionals has been shifted toward the treatment of COVID-19-infected patients, which affected the treatment of non-emergency medical conditions, amid the pandemic.

Segments' Analysis

Application Trends

Based on application, the global bone marrow aspirate concentrate market has been classified into orthopedic surgery, wound healing, peripheral vascular disease, blood cancer, and others. Under these, orthopedic surgery held the largest market share in 2020 and is likely to grow at a considered CAGR during the forecast period. Bone marrow-derived stem cell therapy is one of the innovative and advanced treatments for osteoarthritis that helps to reduce the injury healing time to five to six weeks from four to six months in case of surgery. Also, the rising prevalence of osteoarthritis further bolsters the segment growth.

Regional Trends

By region, the North American market held a significant market share in 2020 and is projected to grow at a healthy CAGR in the coming years. Rising healthcare expenditure, growing prevalence of osteoarthritis diseases, increasing awareness about stem cell therapy, rising technological advancements, and favorable reimbursement scenario, further augments the regional market growth during the forecast timeline.

Critical Questions Answered in the Report

This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global bone marrow aspirate concentrate market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026. Following are the critical questions answered in the report-

• What are the key trends in the bone marrow aspirate concentrate market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the bone marrow aspirate concentrate market? 
• What are the key strategies adopted by the major vendors to lead in the bone marrow aspirate concentrate market?
• What is the market share of the top vendors?

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Key Players

Key players operating in the bone marrow aspirate concentrate market are-

• Arthrex, Inc. (Germany)
• Aspire Medical Innovation (Germany)
• ThermoGenesis Corp. (US)
• EmCyte Corporation (US)
• Globus Medical, Inc. (US)
• MED & CARE Innovative Solutions (US)
• Stryker Corporation (US)
• Ranfac Corporation (US)
• Terumo BCT (US)
• Zimmer Biomet Holdings, Inc. (US)

Target Audience

Here is the list of the group of customers that the bone marrow aspirate concentrate market hopes to have the greatest opportunity to convert-

• Bone Marrow Aspirate Concentrate companies
• Bone Marrow Aspirate Concentrate distributors
• Medical companies
• Government organizations

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