The size of the global market for bone grafts and substitutes, which was estimated at USD 2.91 billion in 2021, is anticipated to increase at a CAGR of 6.2% from 2023 to 2032. One of the primary factors propelling the market’s growth is the rising incidence of bone and joint diseases. According to the CDC report, the incidence rate of hip fracture is expected to rise by 240% for women and 310% for men around the globe. Globally, osteoporosis is believed to affect 200 million women. Additionally, it is anticipated that over the course of the projection period, the rising demand for dental bone grafts will push the market for bone grafts and substitutes.
Bone grafts are frequently used in orthopaedic operations. These procedures are classified as elective surgeries, and the bulk of elective surgeries were postponed or rescheduled during the COVID-19 pandemic. As a result, there was a substantial drop in demand for orthopaedic surgery tools like bone grafts and alternatives. Additionally, lengthy factory closures by market participants in various nations slowed down the production of the devices. The fourth quarter of 2020 is when the infection rate is expected to start decreasing, which will progressively restore the production cycles and increase the output of bone grafts and substitutes.
Additionally, many countries have started to loosen their lockdown by removing some restrictions that applied to healthcare facilities. It is predicted that this will boost demand for orthopaedic operations and restart market growth. It is also expected that the introduction of biocompatible synthetic patches will accelerate market growth. Players are investing in the development of such grafts in order to gain a stronger position on the market. For example, in October 2019, McGill University developed a biocompatible, toughened multilayered bone graft for the therapy of large bone defects, which was anticipated to offer it a competitive edge over other market players.
Application Insights
In 2021, the category that generated the most revenue—more than 60.0%—was spinal fusion. The market is divided into long bone, spine fusion, foot and ankle, joint reconstruction, craniomaxillofacial, and dental segments based on application. The growth can be ascribed to the increasing adoption of bone graft materials for spondylosyndesis. Moreover, the rising geriatric population prone to orthopaedic ailments is pushing the need for corrective surgical treatment, thereby expected to boost the market development in the near future. The World Health Organization predicts that the elderly population will double, from 12% to 22%, between 2015 and 2050.
For those seeking a thorough examination and research of the Bone Grafts and Substitutes market, the Bone Grafts and Substitutes market report is the ideal starting point. The study aims to provide useful information on projected global market growth by using historical growth analysis and the current market situation for bone grafts and substitutes. The verified information in the report is based on results from in-depth primary and secondary research. Data insights are excellent tools for facilitating a deeper grasp of the market for bone grafts and substitutes on a global scale. This aids users’ developmental approach even more.
This report examines all the key factors influencing growth of global Bone Grafts and Substitutes market, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. Regional assessment of global Bone Grafts and Substitutes market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.
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Market Segmentations:
Global Bone Grafts and Substitutes Market: Major Players
Wright Medical Group N.V.
Arthrex, Inc.
Baxter International Inc.
Zimmer Biomet Holdings, Inc.
Medtronic Plc.
Stryker Corporation
Integra LifeSciences Holdings Corporation
Johnson & Johnson (DePuy Synthes)
NuVasive, Inc.
Musculoskeletal Transplant Foundation
Global Bone Grafts and Substitutes Market: Types
Allograft
Bone Graft Substitutes
Cell-based Matrices
Global Bone Grafts and Substitutes Market: Applications
Spinal Fusion
Trauma
Craniomaxillofacial
Joint Reconstruction
Dental Bone Grafting
Global Bone Grafts and Substitutes Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Bone Grafts and Substitutes market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Because of the rise in knee and hip replacement surgeries, the joint reconstruction market is anticipated to expand steadily over the coming years. The centre for orthopaedic and neurological care and research projects that by 2030, there will be 3.5 million total knee replacement surgeries performed yearly, an increase of 673%. In the years to come, it is anticipated that the long bone segment will experience substantial growth. One of the reasons promoting the use of bone grafts and substitutes in long bone surgeries is injuries and trauma to the limbs brought on by auto accidents and sports injuries. Baxter, Stryker, and Medtronic are a few of the major competitors in this market.
Analysis of the impact of COVID-19 and the Russia-Ukraine War:
The readers of this section will be better informed on the effects of the pandemic, the post-pandemic, and the Russia-Ukraine War on the global market for refrigerated freight services. The factors that have changed since the poll was done include demand, consumption, transportation, consumer behavior, and supply chain management. Industry experts have also emphasized the crucial factors that will help players identify opportunities and maintain the sector as a whole in the approaching years.
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Frequently Asked Questions About This Report
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- What are the factors driving the bone graft and substitutes market?
- Which material is expected to witness significant growth in the bone graft and substitutes market till 2032?
- Which application segment of the bone graft and substitutes market held the largest share in 2020?
- Which region led the bone graft and substitutes market with the largest share in 2020?
- Which sub-segments constitute the synthetic material segment of the bone graft and substitutes market?
- What has been the recent notable development in the bone graft and substitutes market?
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