Bone Grafts and Substitutes Market Key Arthrex, Baxter International Inc., Integra Life Sciences Holdings Corporation, Johnson & Johnson, Medtronic Plc., Musculoskeletal Transplant Foundation, NuVasive, Stryker Corporation, Wright Medical Group N.V., and
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Bone grafts are implantable materials that promote bone healing, bone formation, and osseous reconstruction.
Increase in incidence of musculoskeletal conditions, advancements in medical technology leading to a shift from autograft to the allograft, rise in preference for biocompatible bone grafts are the key factors that contribute toward the growth of the global bone grafts and substitutes market. In addition, an increase in cases of lifestyle disorders such as diabetes and obesity add to the risk of developing degenerative joint diseases that further fuels the growth of the market. However, the major restraints of this market are ethical issues related to bone grafting and the high cost of surgeries.
Cell-based matrices (CBM) is projected to grow at the highest CAGR of 6.1% from 2018 to 2025, as these materials serve as a cell-based bone grafts substitutes that use cells to generate tissue alone or in combination with support matrix. In addition, the advantages offered by CBM such as reproducibility and cost-effectiveness have fueled market growth.
Spinal fusion accounted for the major share of the total market in 2017, as bone grafts and their substitutes are widely used in the spine fusion procedures worldwide However, the joint reconstruction segment is poised to grow at the highest CAGR of 6.2% during the forecast period, due to upsurge in the incidence of bone and joint disorders.
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Key Findings of the Bone Grafts and Substitutes Market:
Bone graft substitutes segment dominated the overall market with a share of more than half of the overall market in 2017 and is expected to continue to lead during the forecast period.
Asia-Pacific is expected to witness the highest market growth rate, with a CAGR of 7.3% from 2018-2025.
U.S. accounted for more than half of the overall market in 2017, whereas South Korea is expected to register the highest CAGR of 9.7%.
North America held the dominant position in the global market in 2017 and is expected to maintain its lead throughout the analysis period.
This is attributed to the rise in the incidence of spinal fusion & joint reconstruction procedures, sedentary lifestyle contributing to joint disorders in the geriatric & younger population, and favorable reimbursement rates in the region.
The key players profiled in this report include Arthrex, Inc., Baxter International Inc., Integra LifeSciences Holdings Corporation, Johnson & Johnson (DePuy Synthes), Medtronic Plc., Musculoskeletal Transplant Foundation, NuVasive, Inc., Stryker Corporation, Wright Medical Group N.V., and Zimmer Biomet Holdings, Inc.
3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. Market share analysis, 2017
3.4. Market dynamics
22.214.171.124. Increasing incidences of musculoskeletal conditions
126.96.36.199. Technological advancements in medical devices leading to a shift from autograft to allograft
188.8.131.52. Development of biocompatible synthetic bone grafts
184.108.40.206. Obesity and diabetes to increase the risk of degenerative joint diseases
220.127.116.11. The high cost of surgeries
18.104.22.168. Ethical issues related to bone grafting procedures
22.214.171.124. Emerging markets to offer lucrative growth opportunities
3.5. Government Regulations
3.5.2. Health Canada
3.5.3. CE Mark
3.5.4. Ministry of Health, Labor and Welfare (MHLW)
3.5.5. Therapeutic Goods Administration (TGA)
3.6. Reimbursement Scenario
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