Bone Grafts and Substitutes Market Analysis Insights:
In a recent research report by Market Research Community, the bone grafts and substitutes market is expected to surpass USD 5.42 Billion by the year 2030, from USD 3.10 Billion in 2021.
Over the Bone Grafts and Substitutes Market forecast period, it is anticipated that the synthetic category will have significant expansion. The products' increased use is a result of their improved biocompatibility, lower risk of disease transmission, and a higher level of patient acceptance as compared to allografts. Additional divisions of the segment include composites, ceramics, polymers, and BMP.
The Bone Grafts and Substitutes Market is projected to grow at a significant pace reaching a CAGR of approximately 10.7%, over the forecast period of 2022–2030, despite a considerable fall in product sales during the initial phase of pandemic spread and lockdown restrictions imposed globally.
Successful bone transplants depend on the principles of osteoconduction, osteoinduction, and osteogenesis. Only autograft tissue and allograft cellular bone matrices can induce osteogenesis.
Top Key Players of the Bone Grafts and Substitutes Market:
Allo Source; Baxter; DePuy Synthes, Inc.; Medtronic; Nuvasive, Inc.; Orthofix Holdings, Inc.; Smith & Nephew, Inc.; Stryker Corporation; Wright Medical Group N.V.; OST Devloppement; Zimmer Biomet; GeistlichPharma AG; TBF Tissue Engineering; Biobank.
In 2021, the ceramics segment, which is further divided into HAP, -TCP, ß-TCP, bi-phasic calcium phosphates (BCP), and others, held the majority of the market share. Ceramic material easily absorbs back into the body of the patient, maintaining the location of their bone and lowering the risk of infection or illness spread. The segment is also growing in popularity owing to the less time-consuming surgery, less blood loss, and less discomfort.
The regional segment is divided into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. The projection term is expected to see profitable growth in the Asia Pacific. The rise in medical tourism and helpful government measures are responsible for this expansion. On the other hand, adoption is constrained of bone graft in some countries by severe regulatory rules.
Type Covered in This Report Are:
· Allograft
Demineralized Bone Matrix
Others
· Synthetic
Ceramics
Composites
Polymers
Bone Morphogenic Proteins (BMP)
On the Basis of Application:
Craniomaxillofacial
Dental
Foot & Ankle
Joint Reconstruction
Long Bone
Spinal Fusion
Regional Analysis:
North America– (U.S., Canada, Mexico)
Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe)
Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific)
Latin America- (Brazil, Argentina, Chile, Rest of Latin America)
Middle East and Africa- (GCC, Turkey, Israel, Rest of MEA)
The study is consolidated into major segments and further into sub-segments, such as by Material Type (Allograft, Synthetic), Bone Grafts and Substitutes Market Industry, Application (Craniomaxillofacial, Dental, Foot & Ankle, Joint Reconstruction, Long Bone, Spinal Fusion), to forecast the market size by value; also includes the analysis of past dynamics from 2016 – 2021, considering 2021 as the base year.
The research provides answers to the following key questions:
· What is the estimated growth rate of the market for the forecast period 2022 - 2030? What will be the market size during the estimated period?
· What are the key driving forces responsible for shaping the fate of the Bone Grafts and Substitutes Market during the forecast period?
· Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Bone Grafts and Substitutes Market?
· What are the prominent market trends influencing the development of the Bone Grafts and Substitutes Market across different regions?
· What are the major threats and challenges likely to act as a barrier in the growth of the Bone Grafts and Substitutes Market?
· What are the major opportunities the market leaders can rely on to gain success and profitability?
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