The
global Bone Grafts And Substitutes Market size is
anticipated to reach USD 4.54 billion by 2030, registering a CAGR of 6.4% from
2024 to 2030, according to a new report by Grand View Research, Inc. The
increasing prevalence of orthopedic disorders and surge in number of orthopedic
surgeries are likely to drive the market growth. In addition, technological
advancements in developing advanced orthopedic grafts & substitutes and
rising investments by leading players to meet increasing global demand for
advanced grafts have further escalated the industry expansion.
Increasing
demand for developing biocompatible bone grafts to reduce adverse reactions is
driving the market. Increasing use of synthetic bone grafts with Hydroxyapatite
and Tricalcium Phosphate, which has shown better biocompatibility as compared
to others, is fueling the market growth. Market players are continuously
developing new products with better biocompatibility, bioactivity, and suitable
mechanical properties. For instance, in October 2020, Graftys received Medical
Device Single Audit Program (MDSAP) certification for its Sterile Calcium
Phosphate Resorbable Bone Void Fillers and related delivery systems in
Australia, Brazil, Canada, and U.S. It also received CE recertification in
Europe.
The
increasing use of bone grafts in density is propelling the growth of dental
bone grafts and substitutes market. The bone grafts are mostly used as a
scaffold and filler to facilitate bone formation and promote healing. Dental
implant surgery has now become very popular with advanced surgical techniques
such as bone grafts and bone regeneration. Moreover, increasing demand and
success rates of dental implants are fueling market growth. According to the
American Academy of Implant Dentistry, as of 2020, the number of people getting
dental implants has risen by 500,000 annually. The source also reported a
success rate of 95% in the implant dentistry segment. Around 5 million implant
procedures are performed in the U.S. every year.
Synthetic
bone graft technology is benefiting advanced medicine, but the cost of such
technologies is high, thus restraining market growth. The average price of DBM
ranges from USD 600 to USD 865; that of bone morphogenetic protein matrix
ranges from USD 3,450 to USD 5,000, and of synthetic ceramic &
polymer-based bone grafts ranges from USD 893 to USD 2,000. In addition,
reimbursement policies vary based on autografts and bone graft substitutes
used, which increase the cost of procedures. This helps avoid incisions and
difficulty in obtaining donor grafts. Therefore, the high cost of associated
devices and technologies may hinder market growth.
Related Press
Release@ Bone Grafts And Substitutes Market Report
List of Key Players in the Bone Grafts And
Substitutes Market
- AlloSource
- DePuy
Synthes (Johnson & Johnson)
- Baxter
- NuVasive,
Inc.
- Smith +
Nephew
- Medtronic
- Orthofix
Medical, Inc.
- TBF
- OST
Laboratories
- Zimmer
Biomet
- Geistlich
Pharma AG
- Stryker
- Biobank
Bone Grafts And Substitutes Market Report Highlights
- Based on
material type, the allograft segment held the largest revenue share of
60.3% in 2023 and is anticipated to witness significant growth
opportunities during the forecast period. The allograft adoption is
significantly increasing owing to its properties such as
osteoconductivity, and immediate structural support. The synthetic segment
is projected to exhibit the fastest growth over the forecast period
- Based on
application, the spinal fusion sub-segment held the largest market share
in 2023. The increasing adoption of bone graft materials for
spondylosyndesis and rising geriatric population prone to a number of
orthopedic ailments are responsible for the higher revenue share of the
segment
- North
America dominated the global bone grafts and substitutes market in 2023
and is projected to be the leading revenue contributor during the forecast
period. The rising geriatric population and increasing incidence of sports
injuries & fatal accidents are among the key factors boosting the
demand for bone grafts and substitutes in North America
- Some of the
leading players include Smith & Nephew, Medtronic, and DePuy Synthes,
as they have maintained their market position during the forecast period
in terms of product penetration, regional presence, revenue, as well as
strategic initiatives
Request For A Free Consultation@ https://www.grandviewresearch.com/request-free-consultation/3229/rfc
Bone Grafts And Substitutes Market Segmentation
Grand
View Research has segmented the bone grafts and substitutes market based on
material type, application, and region:
Bone Grafts And Substitutes Material Type Outlook
(Revenue, USD Million, 2017 - 2030)
- Allograft
- Demineralized
Bone Matrix
- Others
- Synthetic
- Ceramics
- HAP
- β-TCP
- α-TCP
- Bi-phasic
Calcium Phosphates (BCP)
- Others
- Composites
- Polymers
- Bone
Morphogenic Proteins (BMP)
Bone Grafts And Substitutes Application Outlook
(Revenue, USD Million, 2017 - 2030)
- Craniomaxillofacial
- Dental
- Foot &
Ankle
- Joint
Reconstruction
- Long Bone
- Spinal
Fusion
Bone Grafts And Substitutes Regional Outlook
(Revenue, USD Million, 2017 - 2030)
- North
America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Denmark
- Norway
- Sweden
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Latin
America
- Brazil
- Mexico
- Argentina
- MEA
- South
Africa
- UAE
- Kuwait
- Saudi
Arabia
About Us:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
No comments:
Post a Comment