Bone Grafts and Substitutes Market Key Drivers and Trends Fuelling Market Growth during Forecast Period

The main driver of this market is the increasing prevalence of bone and joint disorders. The global incidence rate of hip fracture is projected to rise by 240 percent in women and 310 percent in men, according to a CDC survey. In 2018, the global prevalence of osteoporosis is estimated to be about 200 million women. Furthermore, the market is expected to be driven by increasing demand for dental bone grafts and substitutes.

The global bone grafts and replacements market is expected to increase as the number of injuries and trauma cases rises. The market will expand due to an increase in the number of orthopaedic surgeries and musculoskeletal disorders (MSD), which necessitate the use of bone grafts and substitutes.

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Growth Drivers that Support the Global Bone Grafts and Substitutes:

• Based on type segment, the allograft segment dominated the bone graft and replacements industry, accounting for the majority of sales. The demineralized bone matrix and others segments of the allograft section are further separated. Due to their properties such as immediate structural support and osteoconductivity, allografts are becoming more popular. They also don't need a second surgical bone, resulting in faster wound healing and shorter surgery times. These are often used in the spine, hips, and knees.

• The spinal fusion segment dominated the bone graft and replacements industry, accounting for the majority of sales. The increased use of bone graft materials for spondylosyndesis can be attributed to the development. Furthermore, the growing geriatric population, which is more susceptible to orthopedic disorders, is driving the demand for corrective surgical care, which is expected to raise the overall market in the foreseeable future.

• Over the forecast era, North America is predicted to dominate the global bone grafts and substitutes market. This can be attributed to the region's rising R&D in bone grafting.

• In the dental bone graft replacement industry, Europe is one of the most lucrative areas. The bone graft replacement market in Europe is growing due to favorable reimbursement and insurance coverage for major procedures, as well as supportive government regulations for product commercialization.

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Recent Developments of Companies in the Global Market

• Peak Dental Solutions Hong Kong Ltd, a joint venture between Straumann and Modern Dental Group Limited (Hong Kong), was founded in 2019 to serve the dental communities in Hong Kong and Macau.

• Dentsply acquired OraMetrix, a leading industry provider of groundbreaking 3-D technology solutions that improve the quality and efficiency of orthodontic treatment, in 2018.
Major companies functioning in the global Bone Grafts and Substitutes are NuVasive, Inc., Baxter International Inc., Arthrex, Inc., Integra LifeSciences Holdings Corporation, Medtronic Plc., Johnson & Johnson (DePuy Synthes), Musculoskeletal Transplant Foundation, Stryker Corporation.

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This release was published on openPR.