03-Jun-2019 | Zion Market Research
Zion Market Research has published a new report titled “Bone Grafts and Substitutes Market by Material (Natural and Synthetic) and by Application (Spinal Fusion, Dental, Joint Reconstruction, Craniomaxillofacial, Foot and Ankle, and Long Bone): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026”. According to the report, the global bone grafts and substitutes market was approximately USD 2,745 million in 2018 and is expected to generate around USD 4,235 million by 2026, at a CAGR of around 5.6% between 2019 and 2026.
Bone grafts and substitutes are significantly used to treat bone defects. 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.
Browse the full “Bone Grafts and Substitutes Market by Material (Natural and Synthetic) and by Application (Spinal Fusion, Dental, Joint Reconstruction, Craniomaxillofacial, Foot and Ankle, and Long Bone): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026” Report at https://www.zionmarketresearch.com/report/bone-grafts-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 natural segment is anticipated to dominate the global market in the years ahead, owing to the availability of safety and risk data, as the natural grafts are collected from a donor’s body. The growing prevalence of orthopedic diseases and rising awareness about numerous bone graft substitute applications are anticipated to further enhance this segment’s growth.
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. Conferring to the Centers for Disease Control and Prevention, in 2014, around 51.4 million inpatient surgeries were performed in the U.S. Of these, 719,000 were knee replacements and 332,000 hip replacements. This is expected to propel the growth of spinal fusion and joint reconstruction segments in the future.
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 the 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.
This report segments the global bone grafts and substitutes market into:
Global Bone Grafts and Substitutes Market: Material Analysis
Global Bone Grafts and Substitutes Market: Application Analysis
Global Bone Grafts and Substitutes Market: Regional Analysis
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