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Bone Graft Substitutes Market Booming Demand Leading to Exponential CAGR Growth By 2030

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Bone Graft Substitutes Market Booming Demand Leading to Exponential CAGR Growth By 2030

October 19
03:56 2021
Bone Graft Substitutes Market Booming Demand Leading to Exponential CAGR Growth By 2030
Bone Graft Substitutes Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2030

Bone Graft Substitutes Market: Introduction

Transparency Market Research has published a new report titled, ‘Global Bone Graft Substitutes Market.’ According to the report, the global bone graft substitutes market was valued at US$ 2.9 Bn in 2019 and is projected to expand at a CAGR of ~3% from 2020 to 2030. Bone grafts have been used for bone regeneration, structure restoration, and pain relief for decades.

Conventionally, autografts were used for bone grafting, wherein a patient’s own bone was used as a graft. Autologous bone grafts are considered gold standard for bone transplant. However, usage of autologous bone grafts involves the risk of infection transfer during surgical procedures at both tissue harvesting and transplant sites. This could result in delayed wound healing and prolonged hospital stay.

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In terms of product, the global bone graft substitutes market has been classified into allografts, synthetic bone grafts, and xenografts. The allografts segment has been bifurcated into demineralized bone matrix (DBM) and others. The allografts segment captured the largest market share in 2019 and the trend is anticipated to continue during the forecast period.

The allografts segment is expected to be driven by ready availability of allografts in various shapes and sizes that can be processed in various forms such as chips and others as per the requirement. The synthetic bone grafts segment is likely to be driven by increase in geriatric population with oral health problems and rise in number of bone graft surgeries performed in the past few years.

Based on material, the global bone grafts substitutes market has been categorized into ceramic-based, polymer-based, growth factor-based, cell-based, and others. The ceramic-based segment has been split into calcium phosphate, calcium sulfate, and others. The polymer-based segment has been segregated into polylactides, polyglycolides, polyurethanes, and others. In terms of application, the global bone graft substitutes market has been classified into craniomaxillofacial, dental, foot & ankle, joint reconstruction, spinal fusion, long bones, and others.

Based on end user, the global bone grafts substitutes market has been divided into hospitals, clinics, and academic & research institutes. The hospitals segment held major share of the global market in 2019.

Bone Graft Substitutes Market: Prominent Regions

North America held a major share of the global bone graft substitutes market in 2019. Technological advancements and rise in the need of treatment of complex bone diseases are the key factors driving the market in the region. Asia Pacific is projected to capture significant share of the global bone graft substitutes market during the forecast period. The growth of the bone graft substitutes market in the region can be attributed to rise in prevalence of chronic bone diseases, patient awareness about use of bone graft substitutes for treatment of orthopedic conditions, healthcare expenditure in emerging economies, and number of orthopedic & spinal fusion surgeries.

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Bone Graft Substitutes Market: Key Players

Leading players are expanding their footprint to strengthen their position in the global bone graft substitutes market. New product launch, increase in number of research studies for development new bone graft materials, and efforts in strengthening distribution channel by prominent market players are likely to present lucrative opportunities in the global bone graft substitutes market. Key players operating in the global bone graft substitutes market include DePuy Synthes, RTI Surgical, Inc., Integra LifeSciences, NuVasive, Inc., Stryker, Wright Medical Group N.V., Xtant Medical, Zimmer Biomet, Baxter, and Medtronic.

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