Bone Grafts and Substitutes Market to Grow at 4.5% CAGR by 2030
Bone Grafts & Substitutes industry is expected to grow at the CAGR of 4.5%, according to a new research report by Next Move Strategy Consulting
According to the report, continuously increasing prevalence of the orthopaedic diseases, rising geriatric population, continuously increasing demand for the bone grafts and implants, growing awareness regarding various applications of bone graft substitutes have driven the growth of the bone grafts & substitutes market. Changing lifestyle, technological advancements in medical field, and development of biocompatible synthetic bone grafts have boosted the bone grafts & substitutes market growth. During last few years, introduction of the new and advanced material in the grafts will change the bone grafts & substitutes market trend in near future. On the other hand, stringent regulation, increasing cases of infection, and high cost of the grafts may restraints the growth of the bone grafts & substitutes market.
On the basis of material types, the global bone grafts & substitutes market is segmented into Natural and Synthetic. The natural segment is further categorised into autografts and allografts. The synthetic segment is further bifurcated into ceramic, polymers, composite, and Bone Morphogenic Proteins (BMP).
The natural segment commands global bone grafts and substitutes market share over other segment owing to its safety and positive reviews. Natural bone grafts are harvested from a patient’s or donor’s body and transplanted to the patient. Zimmer Biomet and TBF Tissue Engineering are some of the major companies offering natural bone grafts (xenografts). Auto grafts are considered as one of the best for bone grafting procedures due to minimal risk of immune response and disease transmission. On the other hand, synthetic are cheaper and are widely available across the globe. Development in the material of the bone grafts will change the market for synthetic bone grafts & substitutes market trend.
Based on application, the global bone grafts & substitutes market is segmented into spinal fusion, joint reconstruction, dental, long bone, craniomaxillofacial, foot and ankle, others. Spinal fusion commands for the major revenue share holder in the global market owing to the Rising geriatric population, which is more prone to spondylolisthesis and degeneration of disc, and increasing number of trauma cases due to road accidents and sports injuries.
According to the report, some the key players in the Bone Grafts & Substitutes market are Baxter International Inc., Arthrex, Inc., Stryker Corporation, Wright Medical Group N.V., Integra LifeSciences Holdings Corporation, Medtronic Plc., Musculoskeletal Transplant Foundation, Johnson & Johnson (DePuy Synthes), NuVasive, Inc., and Zimmer Biomet Holdings, Inc.
Browse key industry insights spread across 192 pages with 231 market data tables & 30 figures & charts from the report, “Bone Grafts & Substitutes Market Size By material type (Natural and Synthetic), By Application (Spinal Fusion, Joint Reconstruction, Dental, Long Bone, Craniomaxillofacial, Foot and Ankle, and others), Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2030” in detail along with the table of contents:
Key Insights from the Bone Grafts & Substitutes Market Report:
- North America holds the major share in the market owing to the presence of huge geriatric population, high spending on healthcare and availability of the advanced technology
- Natural bone grafts & substitutes holds the major share in the market based on material type, whereas on the basis of application, spinal fusion commands for the major revenue share holder
- Some of the major players in the market are Baxter International Inc., Arthrex, Inc., Stryker Corporation, Wright Medical Group N.V., Integra LifeSciences Holdings Corporation, Medtronic Plc., Musculoskeletal Transplant Foundation, Johnson & Johnson (DePuy Synthes), NuVasive, Inc., and Zimmer Biomet Holdings, Inc.
The report bone grafts & substitutes market – segmented by material type, application, end users and geography
Bone Grafts & Substitutes Market, Segmented by Material Type
- Demineralised Bone Matrix
- Bone Morphogenetic Proteins (BMP)
Bone Grafts & Substitutes Market, Segmented by Application
- Spinal Fusion
- Joint Reconstruction
- Long Bone
- Foot and Ankle
Bone Grafts & Substitutes Market, Segmented by Geography
- United States
- Rest of North America
- Rest of South America
- United Kingdom
- Rest of Europe
- Rest of Asia-Pacific
Middle East & Africa
- United Arab Emirates
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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