Increasing number of spinal fusion surgeries is driving the sales of Bone Grafts and Substitutes Market | insightSLICE
The market for Bone Grafts and Substitutes was valued at US$ 2.95 billion in 2021 and is projected to increase at a CAGR of 6.3% from 2023 to 2032.
The development of better bone grafts thanks to technological improvements is expected to have an impact on the global market in the upcoming years.
Access the sample report: https://www.insightslice.com/request-sample/1281
The emphasis on treating fractures of the bones and joints is one of the key factors fueling worldwide demand in the marketplace for bone grafts and substitutes.
The administration of surgical repair in modern society and the management of bone loss has undergone major changes as a result of the discovery of multiple biological commodities, notably autologous, allograft, and artificial bone grafts for production.
The key players of the Global Bone Grafts and Substitutes Market are:
The key companies profiled in the market report for bone grafts and substitutes include Baxter, Johnson & Johnson Services Inc., AlloSource, Stryker, Smith & Nephew, Zimmer Biomet, Orthofix Medical Inc., Geistlich Pharma AG, Dentsply Sirona, Medtronic, Wright Medical Group N.V., Biobank, BioHorizons, Institut Straumann AG, Integra LifeSciences, Globus Medical, Artoss, ACE Surgical Supply Co. Inc., NuVasive Inc., Institut Straumann AG, and others.
Increasing adoption of transplant grafts is promoted due to several key factors:
In orthopedic procedures, bone transplants are frequently used. These procedures are classified as elective surgeries, and the majority of surgical treatments were postponed or canceled during the COVID-19 outbreak.
As a result, there was a significant decrease in the demand for orthopedic surgery tools such as bone transplants and substitutes. Moreover, lengthy manufacturing closures by major players in multiple nations slowed down the manufacture of the gadgets.
Read more about the report inclusions: https://www.insightslice.com/bone-grafts-and-substitutes-market
The global market for bone grafts and substitutes has been negatively impacted by the exponential expansion of COVID-19 over the world. The healthcare system is under a lot of stress due to a prolonged lockdown and an increase in coronavirus patients.
The epidemic caused the preponderance of elective surgeries to be postponed or canceled. As a result, there is now less need for orthopedic surgical supplies such as bone transplants and alternatives.
Segments that are having greatest expansion:
In 2021, the category that generated the most revenue—more than 60.0%—was spinal fusion. The market is divided into femur fracture, cervical fusion, foot and ankle, knee repair, craniomaxillofacial, and dentistry segments based on their application.
The increase in spondylosyndesis procedures using bone graft materials can be blamed for the growth. Additionally, the growing elderly population who are more susceptible to orthopedic conditions is driving up demand for corrective surgery, which is expected to accelerate market expansion in the near term.
Through the projected period, it is predicted that the segment will benefit greatly from rising graft utilization for dental treatments. The grafts are typically utilized as a scaffold and filler to aid in the development of new bone and accelerate recovery.
The market is expected to rise as dental implant surgical procedures and cutting-edge methods like bone regeneration and bone grafts become more widely accepted in common orthopedic surgeries. Additionally, as dental implants become more successful, there is a rising market demand for bone grafts and alternatives.
Allograft use is expanding as a result of its advantages, including osteoconductivity and rapid structural support. They also don’t need a second surgery, which speeds up wound healing and cuts down on surgical time. Such products are critically used to replace the knee, hip, and spine fragments.
Demineralized bone matrices, which come in a range of sizes and shapes such as fragments, microbeads, and granules, are readily accessible. Additionally, these also show osteoinductive and osteoconductive properties helping them get a boost in their appeal and subsequently sustain their growth.
Regional performance of Bone Grafts and Substitutes Market
With a market share of more than 40% of global sales in 2021, North America dominated the bone graft and substitute industry.
The main factors influencing the regional market growth are rising awareness of novel goods that are commercially available, proximity to a fully advanced healthcare system, and greater healthcare spending of 16.9% in 2018.
Due to the rising incidence of orthopedic diseases and trauma-related wounds, the American market is outpacing both the North American and global markets by creating the highest demand for bone grafts and substitutes.
The projection term is expected to see profitable growth in Asia Pacific. The rise in health tourism and helpful government measures are responsible for this expansion.
Because of the rise in hip and knee substitution surgeries, the joint rehabilitation market is anticipated to develop steadily over the coming years.
The center for orthopedic and neurological treatment and research projects that by 2030, there will be 3.5 million complete knee replacement operations performed annually, an increase of 673%. In the years to come, it is projected that the long bone section would experience significant expansion.
One of the causes promoting the use of bone grafts and replacements in long bone procedures is injuries and trauma to the extremities brought on by auto accidents and sports injuries.
Global Bone Grafts and Substitutes Market Key Segments:
By Product Type
- Bone grafts
- allograft
- xenograft
- Bone grafts substitutes
- ceramics
- composites
- polymers bone morphogenic proteins (BMP)
- demineralized bone matrix (DBM)
- others
By Application
-
- Craniomaxillofacial
- Dental
- foot and ankle
- joint reconstruction
- long bone
- spinal fusion
By End User Segment
-
- Hospitals
- Specialty clinics
- Others
By Geography
- North America
- United States
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- India
- China
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- South America
- Brazil
- Rest of South America
Related reports:
Global Nebulizer Market: https://www.insightslice.com/nebulizer-market
Global Mobile Medical Screening Market: https://www.insightslice.com/mobile-medical-screening-market
insightSLICE is a market intelligence and strategy consulting company. The company provides tailor-made and off the shelf market research studies. The prime focus of the company is on strategy consulting to provide end-to-end solutions. For more details, please contact our research and consulting team at info@insightslice.com.
Contact us:
Alex R
+1 707 736 6633
Editor Details
-
Company:
- insightSLICE
- Website:
