Bone Grafts Substitutes Market Expected to Reach $4 Billion by 2031 |

According to the report published by Allied Market Research, the global Bone Grafts And Substitutes Market size was valued at $2,586.30 million in 2021, and is projected to reach $4,005.26 million by 2031, growing at a CAGR of 4.5% from 2022 to 2031.

The study analyzes the important strategies, drivers, competition, market dynamics, size, and important investment regions.

Increase in the number of spinal & joint construction surgeries, trauma cases and innovation in the orthopedic sectors is expected to drive the growth of the bone grafts and substitutes market.

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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.

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.

Market Segmentation:

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)

Key Market Players:

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

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Key findings of the study

On the basis of type, the bone graft substitutes segment was highest contributor to the market in 2021.

On the basis of application, the spinal fusion segment dominated the bone grafts and substitutes industry in terms of revenue in 2021. However, the joint reconstruction segment is anticipated to grow at the highest CAGR during the forecast period.

On the basis of end user, the hospitals segment dominated the bone grafts and substitutes industry in terms of revenue in 2021.

Region wise, North America generated the largest revenue in 2021. However, Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.

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Key Questions Answered in the Intelligent Study

What is the market size and growth rate of the global and regional market by various segments?
What is the market size and growth rate of the market for selective countries?
Which region or sub-segment is expected to drive the market in the forecast period?
What Factors are estimated to drive and restrain the market growth?
What are the key technological and market trends shaping the market?
What are the key opportunities in the market?
What are the key companies operating in the market?
Which company accounted for the highest market share?

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