The global demineralized bone matrix (DBM) market is projected to reach USD 838.9 million by 2028, exhibiting a CAGR of 4.3% during the forecast period. According to a report by Fortune Business Insights™, titled “Demineralized Bone Matrix (DBM) Market, 2021-2028”, this market’s size was USD 594.5 million in 2020 and it is expected to hit USD 624.2 million in 2021.
The explosion of the COVID-19 pandemic has been unfavorable for the demineralized bone matrix market growth as many non-essential procedures and services in healthcare facilities have been suspended. This is mainly because the majority of health and medical professionals are presently focused on treating coronavirus patients. As a result, this market slumped by -7.2% in 2020. However, with economies rebooting, large medical device companies, such as Medtronic, have been reporting sales rebound, with a notable increase in revenues.
Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/sample/demineralized-bone-matrix-dbm-market-105449Spine Wave Forays into Spinal Biologics with Path-Breaking Product
In July 2020, Spine Wave announced the limited market roll-out of the Tempest® Allograft Bone Matrix, marking its entry into the spinal biologics space. The new product complements Spine Wave’s family of spinal implants and enables the company to cater to the growing demand for novel bone reconstruction solutions. The demineralized bone matrix solution is made up of cancellous and partial mineral-stripped cortical bone. Since the product does not contain any non-human bone tissue materials, surgeons are assured of extracting the most out of every graft. Moreover, the solution has been designed to trigger osteoinductive processes that will facilitate even bone growth and seamless cellular migration.
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