Press release
Global Bone Grafts and Substitutes Market: Trends, Growth, and Forecast 2028
The global bone grafts and substitutes market was valued at $2,652.6 million in 2020, and is projected to reach $3,362.6 million by 2028, registering a CAGR of 4.3% from 2021 to 2028.
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Bone grafts and substitutes are materials that are used to replace or support bone that has been lost or damaged due to injury or disease.
A bone graft is a piece of bone tissue that is taken from one part of the body and transplanted to another location where it is needed. This can be done using bone from the patient's own body (autograft) or from a donor (allograft). The bone graft is placed in the area where new bone growth is needed, and it serves as a scaffold for new bone cells to grow and eventually replace the graft.
In cases where a bone graft is not feasible or desirable, bone substitutes can be used. These are synthetic materials that mimic the structure and function of natural bone. Some bone substitutes are made of ceramic materials that are designed to gradually dissolve and be replaced by new bone growth. Other bone substitutes are made of synthetic materials that are designed to mimic the structure and function of natural bone.
Both bone grafts and substitutes are used in a variety of medical applications, including orthopedic surgery, dental implants, and spinal fusion. They can help to promote bone growth, restore structural integrity, and reduce pain and disability caused by bone loss or damage.
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.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐จ๐ซ ๐๐ก๐จ๐ซ๐ญ-๐ญ๐๐ซ๐ฆ ๐๐ง๐ ๐๐จ๐ง๐ -๐ญ๐๐ซ๐ฆ ๐๐ฆ๐ฉ๐๐๐ญ๐ฌ ๐จ๐ ๐๐๐๐๐-๐๐ ๐๐ญ:
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Based on application, the spinal fusion segment contributed to nearly half of the total market revenue in 2020 and is anticipated to rule the roost by 2028. Simultaneously, the joint reconstruction segment would cite the fastest CAGR of 5.5% from 2021 to 2028.
Bone grafts and substitutes can be used in various segments of the body where bone loss or damage has occurred. Some common segments where bone grafts and substitutes are used include:
Spine: Bone grafts and substitutes are commonly used in spinal fusion surgery to help fuse two or more vertebrae together.
Orthopedics: Bone grafts and substitutes are used in orthopedic surgeries to repair or replace damaged bones and joints, such as in hip or knee replacements.
Dental: Bone grafts and substitutes are used in dental implant procedures to replace missing teeth by fusing the implant with the jawbone.
Maxillofacial: Bone grafts and substitutes are used in reconstructive surgery to repair bone defects in the skull and face.
Trauma: Bone grafts and substitutes may be used to repair bone fractures or other injuries caused by trauma.
Oncology: In cases where bone tumors or cancer have caused bone loss or damage, bone grafts and substitutes may be used in reconstructive surgery after tumor removal.
Overall, bone grafts and substitutes can be used in a wide range of medical applications where bone loss or damage has occurred, in order to promote bone growth and restore structural integrity.
๐๐ ๐๐๐๐๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ, ๐๐ฅ๐ข๐๐ค @
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List Of Key Companies
Arthrex Inc.
Baxter International Inc.
Integra Life Sciences Holdings Corporation
Johnson & Johnson (DePuy Synthes)
Medtronic Plc.
Musculoskeletal Transplant Foundation
NuVasive Inc.
Stryker Corporation
Xtant Medical Holdings Inc.
Zimmer Biomet Holdings, Inc.
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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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