Bone Grafts Substitutes Market: The Advancements and Applications of Bone Grafts and Substitutes in Orthopedic Surgery

Bone grafts and substitutes are materials used in orthopedic surgeries to repair or replace damaged bones. Bone grafts are tissue taken from one part of the patient's own body and transplanted to another site. Bone substitutes are artificial materials that mimic the structure and function of natural bone and can be used in place of or to augment a bone graft. The goal of both types of materials is to promote bone healing and improve the mechanical stability of the repair site.

What is the market size of Bone Grafts And Substitutes?

According to the report published by Allied Market Research, the global Bone Grafts And Substitutes Market was pegged at $2.65 billion in 2020 and is estimated to hit $3.36 billion by 2028.

CAGR: 4.3%
Current Market Size: USD 2.65 Billion
Forecast Growing Region: APAC
Largest Market: North America
Projection Time: 2020- 2028
Base Year: 2019
Report Key Pointer: COVID-19 Outbreak & Impact

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Rise in incidences of musculoskeletal conditions, technological advancements in medical devices, and development of biocompatible synthetic bone grafts fuel the growth of the global bone grafts and substitutes market. On the other hand, high cost of surgeries and ethical issues related with bone grafting procedures impede the growth to some extent. However, emerging market opportunities are expected to be beneficial for the market.

COVID-19 scenario-

The outbreak of COVID-19 has made the key players in the industry face issues in regards to the availability of human resources for manufacturing bone grafts & substitutes at production facilities, which in turn has impacted the market negatively.

However, government bodies in several countries have come up with relaxed norms and the market is anticipated to revive soon.

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Bone grafts and substitutes are used in a variety of orthopedic surgical procedures, including:

Spinal Fusion: Bone grafts or substitutes are used to promote fusion between vertebral bones in the spine.

Joint Reconstruction: Bone grafts or substitutes can be used to repair or replace damaged bones in joints such as the hip, knee, and ankle.

Fracture Repair: Bone grafts or substitutes can be used to repair bones that have been broken or fractured.

Maxillofacial Surgery: Bone grafts or substitutes can be used to repair or replace bones in the face and jaw.

Dental Implants: Bone grafts or substitutes can be used to improve the support and stability of dental implants.

Oncologic Surgery: Bone grafts or substitutes can be used to repair bones that have been removed or damaged due to cancer treatment.

The choice of bone graft or substitute will depend on several factors, including the location and extent of the bone damage, the patient's age and overall health, and the surgeon's experience and preference.

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The key market players analyzed in the global bone grafts and substitutes market report include Baxter International Inc., Musculoskeletal Transplant Foundation, Integra LifeSciences Holdings Corporation, Johnson & Johnson (DePuy Synthes), Medtronic Plc., Zimmer Biomet Holdings, Inc., Arthrex, Inc., NuVasive, Inc., Stryker Corporation, and Xtant Medical Holdings. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.

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