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21-May-2024

Bone Grafts and Substitutes Market is Booming Worldwide at a Significant Growth of 4.5% CAGR by 2031

Bone Grafts And Substitutes Market Research, 2031

According to the report published by Allied Market Research, the global bone grafts and substitutes market size is anticipated to gain $4,005.26 million by 2031, having witnessed a value of $2,586.30 million in 2021, exhibiting a remarkable CAGR of 4.5% from 2022 to 2031.

Bone substitutes are synthetic materials that are designed to mimic the structure and function of natural bone. They are made from a variety of materials such as ceramics, metals, and polymers. These substitutes can be used alone or in combination with bone grafts to help promote bone growth and healing. They are used in a similar range of conditions as bone grafts such as spinal fusion, fracture repair and bone cancer treatment.

Key Takeaways:

  • The cell-based matrices segment, on the other hand, would display the fastest CAGR of 5.1% from 2022 to 2031.
  • The joint reconstruction segment would exhibit the fastest CAGR of 5.3% from 2022 to 2031.
  • The joint reconstruction segment would exhibit the fastest CAGR of 5.3% from 2022 to 2031.
  • Asia-Pacific would exhibit the fastest CAGR of 5.3% from 2022 to 2031.

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Factors affecting the growth of the Bone Grafts And Substitutes Market:
  • The increasing elderly population is more prone to orthopedic conditions like osteoporosis and fractures, driving the demand for bone grafts and substitutes.
  • Rising incidences of bone-related diseases and conditions, such as arthritis, traumatic fractures, and bone tumors, are propelling market growth.
  • The rise in sports activities and road accidents leads to an increase in bone fractures and injuries, which in turn drives the demand for bone grafts and substitutes.
  • Development and increasing use of biodegradable and biocompatible materials in bone grafts and substitutes are expected to foster market growth.

Economic Downturn Analysis: 

Economic stability and healthcare expenditure in different regions affect the affordability and accessibility of advanced bone grafting solutions.

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Bone Grafts And Substitutes Market Segments:

By Type:

  • Allografts
  • Bone grafts substitutes
  • Cell based matrices

By Application:

  • Spinal fusion
  • Trauma
  • Joint reconstruction
  • Dental bone grafting
  • Craniomaxillofacial

By End user:

  • Hospitals
  • Specialty clinics
  • Others

By Region:

  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, UK, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (Japan, China, India, Australia, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)

Regional Analysis:

In terms of region, the market across North America accounted for the largest share in 2021, garnering nearly three-fifths of the global bone grafts and substitutes market revenue, and is expected to maintain its dominance by 2031. Concurrently, the market across Asia-Pacific would exhibit the fastest CAGR of 5.3% from 2022 to 2031. The other provinces studied in the report include Europe and LAMEA.

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Last Updated: 21-May-2024