Bone Grafts and Substitutes Market
The Global Bone Grafts and Substitutes Market size valued USD 2.96 billion in 2019, and is predicted to reach USD 4.85 billion by 2030, witnessing a CAGR of 4.5% from 2020-2030.
Bone grafting is a surgical procedure to operate extremely complicated bonefractures whereas bone grafts are implantable materials, used during theprocedure to promote bone healing, bone formation, and osseous reconstruction.Depending on the grafting procedure, the bone grafts may be autologous,allograft or synthetic with mechanical properties replicating the bone. These grafts soon get reabsorbed and replaced with the healing of natural bone, and their efficacy depend on three basic principles viz. osteoconduction, osteoinduction,and osteogenesis. Bone grafts hold wide applications in spinal fusion, trauma,dental bone grafting, craniomaxillofacial, joint reconstruction and other bone grafting procedures.
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Market Dynamics and Trends:
According to World Population Ageing data provided by the United Nations, the global population aged 60 years or above numbered 962 million in 2017, and is expected to reach 2.1 billion by 2050. According to the report published by Centres for Disease Control and Prevention, in 2017, 60% of the elderly population was affected by spinal deformities. This prevailing condition gives rise to increase in demand for bone grafts and substitutes in the grafting procedures, hence propagating the growth of the bone grafts and substitutes market.
The global bone grafts and substitutes market has observed a substantial growth in past few years, and is expected to witness gigantic opportunities, in coming future. The factors fostering the market growth are, increasing rate of spinal deformities, multiplying number of road accidents and sports injuries, growing incidences of joint disorders, hip fractures, osteoporosis and arthritis, especially in women. Growing demand for dental bone grafts, higher adoption of minimally invasive surgeries, lucrative benefits offered by health-care insurance and Mediclaim agencies.
MarketSegmentations and Scope of the Study:
The bone grafts and substitutes market share analysis is based on type, application, end user, and geography.
Based on type, the market is segmented into bone graft substitutes, allograft, and cell-based matrices. Based on application, the market covers spinal fusion, trauma, dental bone grafting,craniomaxillofacial, and joint reconstruction. Based on the type of material,the bone grafts and substitutes market is divided into collagen, hydroxyapatite,tricalcium phosphate, human cell source, animal source, and others. Geographicbreakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.
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GeographicalAnalysis:
North America region is expected to dominate the global bone grafts and substitutes market throughout the forecast period, accounting for the highest market shares. This is attributed to factors such as well-established orthopedic specialty healthcare infrastructures,better reimbursement facility, higher adoption of advanced medical technologies, higher investments in R&D activities, and presence of key players in this region.
It is expected that the emerging economies, specifically in the Asia-Pacific region shall witness increasing size of the bone grafts and substitutes market, owing to rapidly increasing geriatric population, growing adoption of bone grafts and substitutes in grafting modalities, as well as presence of large patient pool migrates in this region.
CompetitiveLandscape:
Comprehensive competitive analysis andprofiles of the major market players such as Johnson & Johnson, Arthrex,Inc., Baxter International Inc., Zimmer Biomet Holdings, Integra Life Sciences Holdings Corporation, Wright Medical Group N.V., Stryker Corporation,Musculoskeletal Transplant Foundation, NuVasive, Inc., Medtronic Plc., Inc.,and others are provided in the bone grafts and substitutes market report.
An upsurge in R&D activities and advancement in product technology with new product launches by the key players,is leading the healthcare infrastructure to new heights, by creating lucrative opportunities for the global bone grafts and substitutes market.
KeyBenefits:
The bone grafts and substitutes market report provides a quantitative analysis of the current market and estimations through 2020-2030 that assists in identifying the prevailing market opportunities to capitalize on.
The study comprises a deep dive analysis of the bone grafts and substitutes market trend including current and future trends for depicting the prevalent investment pockets in the market.
The report provides detailed information related to key drivers, restraints, opportunities and their impact on the bone grafts and substitutes market.
The report incorporates a competitive analysis of the market players along with their market share in the global bone grafts and substitutes market.
The study elaborates SWOT analysis and Porters Five Forces model for the bone grafts and substitutes market.
Value chain analysis in the bone grafts and substitutes market study provides a clear picture of the stakeholders’roles.
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