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Bone Grafts And Substitutes Market Size, Development Analysis, Key Trends, Growth Rate And Future Forecast (2023-2032)
Bone Grafts And Substitutes Market Analysis
The Business Research Company's Bone Grafts And Substitutes Global Market Report 2023 identifies rise in the incidence of musculoskeletal disorders such as osteoporosis and tendonitis as the major driver for the bone grafts and substitutes market's growth in the forecast period. Musculoskeletal disorders are some types of injuries and disorders that affect the human body's movement and musculoskeletal system. These cause disorders in muscles, nerves, tendons, joints, cartilage, and spinal discs. As a result, due to an increase in musculoskeletal disorders, to an increase in demand for bone grafts and substitutes market.
The global bone grafts and substitutes market size grew from $2.95 billion in 2022 to $3.16 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The bone grafts and substitutes market size is expected to grow to $3.92 billion in 2027 at a CAGR of 5.5%.
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Major competitors in the bone grafts and substitutes market are Zimmer Biomet Dental, DePuy Synthes, Wright Medical Technology, Medtronic PLC., Stryker Corporation, NuVasive Inc., Arthrex Inc.
A key trend in the bone grafts and substitutes market includes new product innovations. Major companies operating in the bone grafts and substitutes market are focused on product innovations to meet consumer demand. For instance, in July 2021, Orthofix, a US-based company that manufactures bone graft devices, launched a new fiber bone-graft strip called the Orthofix fiberFUSE Strip, a sophisticated demineralized bone graft solution including cancellous bone. The utilization of Novel Fibers Strip is a great bone-graft strip for posterior cervical, posterior lumbar, and degenerative spinal surgery prevention. The fiberFuse Strip comprises mineralized cancellous and demineralized cortical bone fibers, which are used in the healing of bones.
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The bone grafts and substitutes market is segmented -
1) By Material: Allograft, Synthetic, Composites, Polymers, Bone Morphogenic Proteins (BMP), Other Materials
2) By Application: Spinal fusion, Trauma, Craniomaxillofacial, Joint reconstruction, Dental bone grafting, Other Applications
3) By End User: Hospitals, Surgical Centres, Clinics, Others End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the bone grafts and substitutes market.
The Business Research Company's "Global Bone Grafts And Substitutes Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Bone Grafts And Substitutes Market Include:
1. Executive Summary
2. Bone Grafts and Substitutes Market Characteristics
3. Bone Grafts and Substitutes Market Trends And Strategies
4. Bone Grafts and Substitutes Market - Macro Economic Scenario
5. Bone Grafts and Substitutes Market Size And Growth
…..
26. Africa Bone Grafts and Substitutes Market
27. Bone Grafts and Substitutes Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Bone Grafts and Substitutes Market
29. Bone Grafts and Substitutes Market Future Outlook and Potential Analysis
30. Appendix
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