Bone Grafts and Substitutes Market - Global Industry Analysis

Bone Grafts and Substitutes Market

Bone Grafts and Substitutes Market Size, Share, Trends, Growth, Analysis 2028

Category: Healthcare Report Format : PDF Pages: 110 Report Code: ZMR-3779 Published Date: Jun-2019 Status : Published

Bone Grafts and Substitutes Market

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The significance of bone transplant is confirmed by the frequency of its use nowadays. Medical specialists perform bone transplant surgeries at least 10 times more frequently than other organ transplantation procedure. More than 2 million bone grafting procedures are performed globally every year, which is the second most common tissue transplantation after blood transfusion. Bone grafting is among the most popular surgical methods that enhances the process of bone regeneration in orthopedic treatments. The fundamental properties of bone graft are osteogenesis, osteoinduction, osteoconduction, and structural support.

The rapid advancements witnessed in the technology and product developments are fueling the growth of the global bone grafts and substitutes market. Moreover, the increasing number of musculoskeletal conditions like osteoarthritis, rheumatoid arthritis, and psoriatic arthritis is another leading factor likely to further stimulate the global bone grafts and substitutes market over the forecast timeframe. However, ethical issues and high cost of surgeries related to bone grafting procedures may hinder the global bone grafts and substitutes market growth.

Global Bone Grafts and Substitutes Market

The global bone grafts and substitutes market is divided based on material and application. Based on material, the market for bone grafts and substitutes is classified into natural and synthetic. The natural material type segment is further classified into autografts and allografts (demineralized bone matrix and others). The synthetic segment is categorized into ceramic, composite, polymer and bone morphogenetic proteins. The synthetic segment is anticipated to register significant growth over the forecast time period, owing to the growing preference for synthetic bone grafts and to overcome the limitations of natural grafts. The application segment includes dental, spinal fusion, craniomaxillofacial, joint reconstruction, foot and ankle, and long bone. The spinal fusion segment is anticipated to dominate the market and the joint reconstruction segment is anticipated to register the highest CAGR over the forthcoming years.

By region, North America is projected to lead the global bone grafts and substitutes market in the years ahead. The U.S., in particular, is leading the global market by creating huge product demand, owing to a high prevalence of trauma-related injuries and orthopedic diseases. Rising occurrences of osteoarthritis have led to an increase in the demand for bone grafts and substitutes, which are used for treatment and transplantation. This is also driving the North American bone grafts and substitutes market. Developing healthcare infrastructure, a large population base, and rising prevalence of spinal disorders are driving the Asia Pacific bone grafts and substitutes market. Additionally, the increasing medical tourism and growing awareness among the regional population about bone grafts and substitutes will further boost this regional market over the estimated time period.

Some key players of the global bone grafts and substitutes market are Stryker, Nuvasive, DePuy Synthes, Wright Medical, Orthofix Holdings, Medtronic, Integra LifeSciences, Baxter Healthcare Corporation, Zimmer Biomet, and AlloSource.

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