Bone Grafts and Substitutes Market Update 2023: Expected to Grow at a CAGR of 4.5% by 2031, Claims AMR

The global bone grafts and substitutes market size was valued at $2,586.30 million in 2021, and is projected to reach $4,005.26 million by 2031, growing at a CAGR of 4.5% from 2022 to 2031. The study analyzes the important strategies, drivers, competition, market dynamics, size, and important investment regions.

Key Takeaways:

Market Growth: The bone grafts and substitutes market has been experiencing significant growth in recent years. Factors such as an increasing aging population, rising prevalence of orthopedic disorders, and growing demand for minimally invasive surgical procedures are driving the market’s expansion.

Bone Grafts vs. Substitutes: The market consists of both bone grafts and bone substitutes. Traditional bone grafts involve the transplantation of autografts (patient’s own bone), allografts (donor bone), or xenografts (animal bone). However, the demand for bone substitutes, which are synthetic or bioactive materials, is on the rise due to factors such as limited availability and potential complications associated with grafts.

Advancements in Technology: Technological advancements have played a crucial role in the growth of the bone grafts and substitutes market. Innovative materials, such as ceramic-based, polymer-based, and calcium phosphate-based substitutes, have been developed to improve the efficacy and safety of bone grafting procedures.

Orthopedic Applications: The bone grafts and substitutes market finds application in various orthopedic procedures, including spinal fusion, joint reconstruction, trauma surgery, and dental procedures. Spinal fusion is the largest application segment due to the increasing prevalence of degenerative spine disorders and the growing adoption of minimally invasive surgical techniques.

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Market Drivers:

Increasing Prevalence of Orthopedic Disorders: The rising incidence of orthopedic disorders, such as fractures, bone defects, osteoporosis, and degenerative joint diseases, is a significant driver for the bone grafts and substitutes market. These conditions often require bone grafting procedures to promote bone healing and restore functionality.

Aging Population: The global population is aging, with a higher proportion of elderly individuals. Aging is associated with an increased risk of orthopedic conditions, including osteoporosis and degenerative joint diseases. The growing elderly population contributes to the rising demand for bone grafts and substitutes.

Market Segmentation:

Product Type: a. Bone Grafts:

1. • Autografts
   • Allografts
   • Xenografts b. Bone Substitutes:
   • Synthetic Bone Grafts
   • Ceramic-based Bone Grafts
   • Polymer-based Bone Grafts
   • Calcium Phosphate-based Bone Grafts
   • Others

Application: a. Spinal Fusion b. Joint Reconstruction c. Trauma Surgery d. Dental Procedures e. Others

End User: a. Hospitals b. Specialty Clinics c. Ambulatory Surgical Centers d. Dental Clinics e. Others

Geography: a. North America (United States, Canada) b. Europe (Germany, United Kingdom, France, Italy, Spain, etc.) c. Asia Pacific (China, Japan, India, Australia, South Korea, etc.) d. Latin America (Brazil, Mexico, Argentina, etc.) e. Middle East & Africa

Material Type: a. Synthetic Bone Grafts:

• • Calcium Phosphate
  • Hydroxyapatite
  • Tricalcium Phosphate
  • Others b. Allografts c. Xenografts d. Others

Patient Demographics: a. Adult Bone Grafts and Substitutes b. Pediatric Bone Grafts and Substitutes

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Regional Growth Dynamics:

North America accounted for a majority of the global bone grafts and substitutes market share in 2021, and is anticipated to remain dominant during the forecast period. This is attributed to rise in prevalence of orthopedic disorders, prevalence of advanced healthcare infrastructure, and presence of key players offering bone grafts & substitutes. Upsurge in healthcare expenditure in the emerging economies is anticipated to offer lucrative opportunities for the market expansion. However, Asia-Pacific is anticipated to witness notable growth, owing to increase in number of joint disorders, rise in awareness about bone grafts, and surge in investments for development of advanced bone grafts, is expected to drive the growth of the market during the forecast period.

Competitive Landscape:

• Medtronic PLC
• DePuy Synthes (a subsidiary of Johnson & Johnson)
• Zimmer Biomet Holdings, Inc.
• Stryker Corporation
• NuVasive, Inc.
• Baxter International Inc.
• Wright Medical Group N.V. (now part of Stryker Corporation)
• RTI Surgical Holdings, Inc.
• Orthofix Medical Inc.
• Globus Medical, Inc.

Recent developments:

• Increasing Use of 3D Printing: 3D printing technology has gained traction in the bone grafts and substitutes market. It allows for the fabrication of patient-specific implants and scaffolds with precise geometries, enhancing the fit and functionality of bone grafts and substitutes.
• Emerging Biologics: There has been a growing interest in the development of biologic bone grafts and substitutes. These products often incorporate growth factors, stem cells, or other biologically active components to promote bone regeneration and accelerate the healing process.

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• Blanket coverage on competitive landscape
• Winning imperatives
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