Global Bone Graft Substitute Market: Driving Factors, Market Analysis, Investment Feasibility & Trends 2023
Global Bone Graft Substitute Market: Information By Type (Autograft, Demineralized Bone Matrix, Synthetic Bone Grafts, Bone Morphogenetic Protein and others), By Application (Spinal Fusion, Joint Reconstruction, Long Bone, Dental, Foot & Ankle and others) - Forecast till 2027
Market Synopsis:
The increasing awareness about oral hygiene is expected to boost the adoption rate of dental bone graft substitutes over the next couple of years. Market Research Future (MRFR)’s latest study has indicated that the global dental bone graft substitutes market was valued at USD 461.3 Mn in 2017 and is set to thrive at a CAGR of 9.4% over the review period 2018 to 2023.
The exponential geriatric population has paved the way for a robust growth trajectory. The older population are more prone to dental ailments which is poised to increase the patient population over the assessment period. This, in turn, is anticipated to have a favorable impact on the expansion of the dental bone graft substitutes market over the next couple of years.
The boom witnessed in the growth pattern of the dental care industry is forecasted to reflect on the proliferation of the dental bone graft substitutes market in the years to come. People are getting highly aware of oral hygiene which is one of the key motivating factors responsible for the growth of the market. The increasing oral care expenditure is poised to open new avenues of growth for the market participants.
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Dental carries are widely prevalent andare expected to affect more people in the nearby future owing to the changing food patterns. It is anticipated to accelerate revenue generation for the players of the dental bone graft substitutes market. In addition, the rising disposable income in conjunction with advancements in dental technology is presumed to influence the expansion rate of the dental bone graft substitutes market positively across the review period.
Market Segmentation:
By typ, the global dental bone graft substitutes market has been segmented into allograft, xenograft, alloplast, and others.
By application, the dental bone graft substitutes market has been segmented into ridge augmentation, sinus lift, socket preservation, periodontal defect, and implant bone regeneration.
By end-user, the global dental bone graft substitutes market has been segmented into dental clinics, hospitals, and others.
Regional Analysis:
The global dental bone graft substitutes market, by region, has been segmented into Americas, Europe, Asia Pacific, and the Middle East & Africa (MEA). Europe is forecasted to dominate the growth of the global market across the projection period. The shift witnessed in the region towards a healthy lifestyle infused with higher levels of hygiene is presumed to merge as the primary growth factor in the foreseeable future. Americas is also an important growth pocket placed ta the second spot. It is expected to capitalize on the rising incidences of dental caries in the region. Meanwhile, Asia Pacific is expected to take over other regional markets in terms of CAGR over the review period.
Competitive Dashboard:
The competitive landscape of the dental bone graft substitutes market comprises of noted players such as LifeNet Health (US), Biohorizons Iph, Inc. (US), Dentsply Sirona (US), Geistlich Pharma AG (Switzerland), Institut Straumann AG (Switzerland), Zimmer Biomet Dental (US), Medtronic Plc (Ireland), Dentium (South Korea), and Orthogen, LLC (US).
Industry News:
In March 2019, researchers have found out a new bone graft or implant material which is formed by treating nanocrystals derived from plant cellulose that can provide scaffolding for the growth of new bone when injected into the body.
In October 2018, Geistlich Pharma North America, Inc. announced the launch of an alternative soft-tissue graft, Geistlich Fibro-Gide®, a volume-stable collagen matrix which provides elasticity, strength and volume stability.
In June 2018, Keystone Dental, Inc., an oral health care company dealing in dental surgical and prosthetic technology, agreed to be acquired by a U.S. and Israel-based investment firm which is focused on value creation for medical device companies – Accelmed.
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