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Bone Grafts Substitutes Market Expected to Reach $4 Billion by 2031 | Johnson & Johnson, Baxter International Inc., Arthrex, Inc., Integra LifeSciences, Zimmer Biomet Holdings.
The study analyzes the important strategies, drivers, competition, market dynamics, size, and important investment regions.
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Key Takeaways:
The bone grafts substitute segment would dominate the market in terms of revenue through 2031.
The spinal fusion segment held the major share in 2021, garnering nearly half of the global bone grafts and substitutes market revenue and is projected to maintain the lion's share through 2031.
The hospitals segment is expected to maintain its lead in terms of revenue during the forecast period.
Asia-Pacific market is expected to manifest the fastest CAGR of 5.3% during the forecast period.
Market Drivers:
An increase in the number of spinal & joint construction surgeries & trauma cases
A rise in the prevalence of orthopedic disorders
Opportunities:
An increase in the geriatric population.
An increase in the prevalence of arthritic conditions in the elderly population.
Restraints:
Expensive bone grafting and replacement procedures
Limited reimbursement policies for bone graft and replacement procedures.
Market Segmentation:
By Type:
Allografts
Machined allografts
Demineralized bone matrix
Bone grafts substitutes
Bone morphogenic proteins (BMP)
Synthetic bone grafts
Cell based matrices
By Application:
Spinal fusion
Trauma
Joint reconstruction
Dental bone grafting
Craniomaxillofacial
By End user:
Hospitals
Specialty clinics
Others
By Region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
Asia-Pacific (Japan, China, India, Australia, South Korea, Rest of Asia-Pacific)
LAMEA (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
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Competitive Landscape:
Orthofix Holdings Inc.
Nuvasive Inc.
Zimmer Biomet Holdings Inc.
Baxter International Inc.
Xtant Medical Holdings Inc.
Arthrex Inc.
Johnson & Johnson
Stryker Corporation
Integra LifeSciences
Medtronic PLC
Recent developments:
3D-printed bone grafts and substitutes: 3D-printed bone grafts and substitutes are being developed that can be custom-made to fit the patient's specific needs. This can improve the accuracy and success of bone graft and substitute procedures.
Stem cell-based bone grafts and substitutes: Stem cell-based bone grafts and substitutes are being developed that have the potential to regenerate bone tissue. This could lead to more durable and effective bone graft and substitute procedures.
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