Fitness Trends Bone Graft and Substitutes Market | Page 3

to distribute portfolio of bone void fillers for trauma, orthopedics and foot and ankle applications. In
May, 2017, NovaBone introduced NovaBone IRM and IRM MacroPOR to its product portfolio. According
to NovaBone, the products possess osteogenic and osteoblastic characteristics and are highly irrigation
resistant. Increase in awareness of non-invasive technologies among the patients and shift towards
derived forms of bone graft substitutes are also expected to favor the market in near future.
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Consistent development resulting in innovative bone grafting products expected to propel growth of the
market:
A large number of players are focused on the development of novel products for bone grafting. For
instance, in May 2017, the National Chemical Laboratory in India, developed two novel bone graft
substitutes that are aimed towards augmenting and regenerating the bones that are lost during accident
or injuries. The products are now in clinical trial phase for performance testing and are expected to be
available in prices lesser than the currently available imported varieties of the same, leading to
emergence of local players in the Asia Pacific market. Moreover, companies are also entering into
mergers and acquisitions to strengthen their position in the market. For instance, Kuros Biosciences
acquired Xpand Biotechnology in 2016, wherein Kuros will use Xpand’s granular formulation for the
production of novel bone graft substitutes. Major players operating the global bone graft and substitutes
market include Ace Surgical Supply Co., Inc., NovaBone Product LLC, Medtronic Plc, Stryker
Corporation, Zimmer Biomet Holdings, Inc., BioHorizons Implant Systems, Inc., Novadip Biosciences,
Orthofix International N.V., Globus Medical, Inc., and Bone Therapeutics SA.
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