openPR Logo
Press release

Global Bone Graft and Substitutes Market: Growing Demand for Bone Graft Substitutes to Expand Market at 4.5% CAGR

06-01-2017 03:34 PM CET | IT, New Media & Software

Press release from: TMR - Research Reports

Global Bone Graft and Substitutes Market: Growing Demand

With only a few companies enjoying dominance, the global bone grafts and substitutes market demonstrates a consolidated vendor landscape. As per Transparency Market Research (TMR), the top three companies including Stryker Corporation, Zimmer, and Medtronic accounted for over 50% of the market in 2014. “The key market players are in a constant competitive state as they vie for sustainable growth and increasing their global footprint,” said a lead TMR analyst

This 87 page report gives readers a comprehensive overview of the Bone Grafts and Substitutes Market. Browse through 22 data tables and 22 figures to unlock the hidden opportunities in this market:

Manufacturers operating in the global bone grafts and substitutes market have shown interest in signing long-term contracts with dental clinics and hospitals in order to maintain their sales and service relationships. They frequently offer additional services to strengthen their relationship with buyers and enjoy sustainable growth. Besides this, the companies are also exploring acquisition opportunities to expand their geographic presence.The global bone graft and substitutes market is projected to exhibit a CAGR of 4.5% between 2015 and 2023. The market stood at US$2.35 bn in 2014 and is expected to reach US$3.48 bn by the end of 2023.

Rising Prevalence of Bone Disorders Fuels Demand for Bone Grafts and Substitutes

The rising prevalence of bone and joint disorders will significantly fuel demand for bone grafts and substitutes. According to the Centers for Disease Control and Prevention (CDC) over 67 million people in the U.S. alone are likely to be diagnosed with arthritis by 2030. Besides this, arthritis is also considered one of the leading causes of disability affecting millions around the world. The situation has proven quite favorable for the market in terms of bolstering demand for joint and reconstructive bone surgery. This in turn translates into high demand for bone grafts and substitutes.

The dramatic rise in the number of orthopedic surgeries is also expected to aid the market’s expansion. In developing countries, the bone grafts and substitute manufacturers are expected to capitalize on the increasing medical tourism. As per TMR, in the last couple of years, India, China, Malaysia, Japan, and Mexico have emerged as key destinations for affordable treatment attracting people from across the globe. The number of people visiting these nations for orthopedic and dental surgeries has spiked considerably, thus boosting bone grafts and substitutes sales.

Ethical Issues Rising from Gaps between Demand and Supply of Allografts to Inhibit Market

Reports of post implantation infections have been creating bottlenecks for the market. The market is also inhibited by implant failures on various occasions. “Obtaining allografts from donors and preserving them give rise to various ethical issues related to storing and harvesting them,” said a TMR analyst. Such long gestation periods between demand and supply of allografts may give rise to ethical issues. Hence stringent regulations have been implemented on the usage of bone grafts and substitutes aimed at curbing the prevalence of malpractices that increase the risk of infection. This in turn is limiting the market’s trajectory to an extent.

Nevertheless, the rising geriatric population and the increasing disposable income will create new growth opportunities for the market in the near future. Furthermore, the market will also gain from the increasing healthcare expenditure, which will in turn encourage the entry of new players.

Request a sample of this report to know what opportunities will emerge in the rapidly evolving Bone Grafts and Substitutes Market by 2023:

The market was dominated by the spinal fusion application segment in 2014. It is expected to rise at a CAGR of 4.4% during the forecast period. Regionally, North America dominated the global bone graft and substitute market in 2014. Several key players are domiciled in the region. This combined with rising geriatric population will enable the North America market to reach US$1.23 bn by the end of 2023.

Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Bone Graft and Substitutes Market: Growing Demand for Bone Graft Substitutes to Expand Market at 4.5% CAGR here

News-ID: 560216 • Views:

More Releases from TMR - Research Reports

Pulmonary Drugs Market is Expected to Reach US$ 28,082.1 Million by the End of 2024
Pulmonary Drugs Market is Expected to Reach US$ 28,082.1 Million by the End of 2 …
According to the research report, the global pulmonary drugs market is expected to be worth US$ 28,082.1 mn by the end of 2024 as compared to US$ 48,039.7 mn in 2015. Analysts calculate that the global market will plummet at a CAGR of -6.3% during the forecast period of 2016 and 2024. The market will thrive as the demand for combination drugs is anticipated to remain on the rise during
North America Ventricular Assist Device Market is rising to a valuation of US$ 1.07 Billion by 2024
North America Ventricular Assist Device Market is rising to a valuation of US$ 1 …
According to TMR, the opportunity in the North America market for VADs, which stood at US$0.4 bn in 2015, is likely to expand at a healthy CAGR of 9.20% between 2016 and 2024 and increase to US$1.07 bn by the end of the forecast period. The destination therapy (DT) segment has been reporting a greater application of VADs than the other two indication segments. It is expected to remain the
Dental Membrane and Bone Graft Substitutes Market to rise to US$ 922.6 Million by 2024
Dental Membrane and Bone Graft Substitutes Market to rise to US$ 922.6 Million b …
Transparency Market Research notes that innovation and expansion into emerging regions have served these companies well in strengthening their hold in the dental membrane and bone graft substitutes market. For instance, Switzerland-based Geistlich Pharma AG - a global manufacturer and supplier of dental products and devices - expanded its operations in Sydney, Australia and New Delhi, India in 2016. The global dental membrane and bone graft substitutes market is expected to
Human Vaccines Market is Estimated to Reach US$ 72.5 Billion by 2024
Human Vaccines Market is Estimated to Reach US$ 72.5 Billion by 2024
The global human vaccines market was valued at US$28.3 bn in 2015 and is estimated to reach US$72.5 bn by 2024, registering an 11.2% CAGR during the forecast period. By age group, pediatric vaccines accounted for a 57.5% share in the global human vaccines market in 2015. Adult vaccines, on the other hand, are expected to expand at a 13.2% CAGR from 2016 to 2024. Based on product, the pneumococcal segment

All 5 Releases

More Releases for Bone

Bone Substitute And Allograft Bone Market Size, Scope, Growth, Competitive Analy …
Precision Business Insights published a research report on "Bone Substitutes and Bone Allografts Market By Product Type (Bone Substitutes and Bone Allografts), By Bone Substitute Type (Hydroxyapatite (Hap), Calcium Phosphate, Calcium Sulphate, Bioactive Glass), By Bone Allograft Type (Freeze Dried and Demineralized Bone Matrix) - Global/Region/Country Forecast to 2028" Bone grafts and substitutes are used to replace missing bones and to treat fractures. They are made up of an osteoconductive matrix
Bone Graft Substitute Market Report 2018: Segmentation by Type (autograft, demin …
Global Bone Graft Substitute market research report provides company profile for ACE Surgical Supply Company, Inc., BioHorizons IPH, Inc., Dentium Co., Ltd., Dentsply Sirona, Institut Straumann AG, Medtronic plc, Stryker Corporation, Zimmer Biomet and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and
Bone Implant Market Gaining Momentum Worldwide - CT-Bone, 3D printed Bone Implan …
Market Highlights Bone implant products are used in numerous orthopedic surgeries to support the bone and to restore the functionality of the bone. The increasing geriatric population, growing number of orthopedic surgical procedures, rising prevalence of sports-related injuries, and bone weakness due to the changing lifestyle are the major factors driving the growth of the global bone implant market. Additionally, aggressive strategies adopted by top players and increasing spending on healthcare
Bone Biopsy Market 2018 | Needle Biopsy | Open Biopsy | Bone Cancer | Bone Infec …
The Global Bone Biopsy Market is growing continuously and expected to grow at a CAGR of 5.7% from 2017 to 2023. Bone biopsy is performed to diagnose various bone disorders such as bone cancer, bone infection, osteoporosis and chronic kidney disease. Nowadays, biopsy procedure has received great importance in oncology as one of the promising methods in cancer diagnostics. The demand for needle biopsy is found to be increasing from
Bone Replacement Products Market– Effective Solution for Bone Problems
The innovative replacement systems are designed to provide patients with a joint preservation ultimatum, preserving the healthy parts of the knee, thus helping to maintain natural knee function. For instance, in 2014, Cayenne Medical launched the Mirror Partial Knee System, the only knee replacement system that uses the patient’s natural knee motion during the surgical procedure. This unique technology balances the knee throughout the entire range of motion. The
Global Bone Densitometry Market: By Product Type - X-Ray Bone Densitometry & Ult …
Researchmoz added Most up-to-date research on "Global Bone Densitometry Market: By Product Type - X-Ray Bone Densitometry & Ultrasonic Bone Densitometry" to its huge collection of research reports. In this report, the global Bone Densitometry market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report is segmented