Press release
Bone Grafts and Substitutes Market Size, Share, Top Key Players, Impacting Factors, Regional Outlook And Forecast To 2033
The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.Bone Grafts and Substitutes Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $4.22 billion In 2028 At A CAGR Of 5.8% :
The bone grafts and substitutes market size has grown strongly in recent years. It will grow from $3.17 billion in 2023 to $3.37 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to increased demand for orthopedic medical devices, increased disability rates, increased joint replacement surgical procedures, rise in healthcare expenditure and strong economic growth in emerging markets.
The bone grafts and substitutes market size is expected to see strong growth in the next few years. It will grow to $4.22 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to rising geriatric population, rising incidences of road accidents and sports injuries, increase in demand for joint reconstruction disorders and rising number of diabetes-related amputations. Major trends in the forecast period include new product launches, 3d printed bone grafts and partnerships and collaborations.
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Bone Grafts and Substitutes Market Major Segments
The bone grafts and substitutes market covered in this report is segmented -
1) By Material: Allograft, Synthetic, Xenograft
2) By Application: Spinal Fusion, Trauma, Craniomaxillofacial, Joint Reconstruction, Dental Bone Grafting, Other Applications
3) By End User: Hospitals and Clinics, Surgical Centers, Other End-Users
Key Driver - Rising Musculoskeletal Disorders Drive Demand For Bone Grafts And Substitutes
The rise in the incidence of musculoskeletal disorders such as osteoporosis and tendonitis is expected to propel the growth of the bone grafts and substitutes market going forward. 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, an increase in demand for bone grafts, and the substitutes market. For instance, in March 2022, according to a Pediatric Orthopedic Consultant at the Indian Spinal Injuries Centre, Delhi, there was a 50% rise in Pediatric Orthopaedic Cases due to poor posture of students during online classes. Therefore, the increasing growth of the incidence of musculoskeletal disorders helps to increase the demand for bone grafts and substitutes market.
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Prominent Trend - New Product Innovations Drive Growth In Bone Grafts And Substitutes Market
New product innovations have emerged as the key trend gaining popularity in the bone grafts and substitutes market. 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 fiber fuse Strip comprises mineralized cancellous and demineralized cortical bone fibers, which are used in the healing of bones.
Bone Grafts and Substitutes Market Players
Major companies operating in the bone grafts and substitutes market report are Medtronic plc, Stryker Corporation, Smith & Nephew, Johnson & Johnson, Zimmer Biomet, Baxter International Inc., SeaSpine, Integra Lifesciences Holdings Corporation, NuVasive Inc., Orthofix Holdings Inc., Bioconcept Dental Implants, NovaBone India, Straumann, Kamal Medtech, Geistlich Bio-Oss, Lindare Medical, Hospital Innovations, Bioimplon, Exabone GmbH, Mathys AG, Dentsply Sirona Inc, Danaher Corp, Arthrex Inc, Graftys, Osseocon Biomateriais, Einco Biomaterial, Bionnovation, Medbone Biomaterials, CoreBone, Datum Dental, OK Coral, Dentakay Dental Clinic, Turkeyana Clinic, Keystone Dental, Allosource, DePuy Synthes, Wright Medical Group N.V.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the bone grafts and substitutes market in 2023. The regions covered in the bone grafts and substitutes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Bone Grafts and Substitutes Market Report Structure
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
…..
27. Bone Grafts and Substitutes Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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