Bone Graft Substitute Market Size | 2020 Global Analysis by Regional Outlook and Global Industry Forecast To 2027
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
Overview
The global bone graft substitutes market size will grow at a CAGR of 6.52% during the forecast period 2014 to 2027. The market for bone graft substitute is set to reach USD 5,013.0 million by 2027. As per market analysts, the global market is anticipated to witness growth owing to the factors such as rising incidences of bones & joint disorders as well as the growing cases of disorders related to bones & joints. However, the bone graft substitute market will face challenges and restraints due to the high costs associated with the surgery and complications from the bone grafting procedure during the forecast period 2014 to 2027.
The introduction of biocompatible synthetic bone grafts in the market will support the growth. As per bone graft substitute market analysts, the market-based companies will face certain challenges during the forecast period 2014 to 2027. The market research report provides in-depth analysis of the type and application segments. The market research report presents factors such as the expenses associated with the surgery that could slow down the market's growth.
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Market Segmentation
The market has been segmented into type and application. Based on the segment which is type, the market is categorized on the basis of bone morphogenetic protein, demineralized bone matrix, synthetic bone grafts, autograft, and others. The global market for bone graft substitute is further segmented based on application into dental, foot & ankle, joint reconstruction, long bone, spinal fusion, and others.
The market report offers comprehensive study of the market segments including type and application. The analysts have also studied the bone graft substitute market's spread across the regional markets across many of the market’s segments at country levels. The type and application segments spread across the market along with the subsegments are studied. The global market for bone graft substitute is spread across various product and service-based segments. The bone graft substitute market research report highlights these key segments and offers forecasts based on primary and secondary data. The global market research report presents key company profiles of organizations active across the market.
Regional Overview
The risks and complications associated with bone grafting may hinder the market growth. The bone graft substitute market research report suggests that companies in the market could be supported by the increasing adoption of dental bone grafts as well as on-going technological development during the forecast period. market is set to register growth at a high CAGR owing to these key factors. The market is spread across North America, Europe, Asia-Pacific, and other parts of the world. As per market analysts, the market is set to witness tremendous growth across type and application segments. The global bone graft substitute market’s North American region covers markets across the United States, Mexico, Canada, and others. Businesses present in the market are also profiled and their strategies have been presented in detail in the market research report.
The market across the European region covers Italy, France, Germany, and the United Kingdom. Furthermore, the market research report provides details about the APAC region covering markets from China, India, Australia, Japan, and others. The market is also active across several other parts of the world. The market report covers all these key regions including the Middle East, Africa, Brazil, and others active in the global market.
Competitive Landscape
Bone graft substitute has seen tremendous growth, due to the introduction of biocompatible synthetic bone grafts and on-going technical development. However, concerns regarding complications and lack of awareness among patients would challenge the companies active in the market. Furthermore, companies using growth strategies to stay ahead in the global market are expected to help the market during the forecast period 2014 to 2027. As the market report suggests that the market will register a CAGR of 6.52% and reach a US$5,013.0 million by 2027, the market report highlights key areas market-based companies need to focus on. The market research report projects a long-term growth till 2027. Based on market’s analysis on the basis of SWOT and Porters’ Five Force Model, the market will rise during the forecast period 2014 to 2027, however the companies need to move ahead with caution. The bone graft substitute market research report highlights such key areas.
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Industry News
Karolinska Development AB has announced that the bone-graft replacement firm Sirakoss Ltd was bought by its portfolio firm OssDsign. A substantial amount of SEK 65 million in the closing costs will be used to fund the takeover, which is intended to provide OssDsign directly to an adressable market five times greater. There has been a good number of participants from Sweden and the world. OssDsign is a Swedish medicine firm that produces renewable implants for better bone defects healing.
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