Bone Grafts and Substitutes Market is expected to witness 5.8% CAGR between 2020-2030 | Global Industry Size, Share, Growth, Key Companies Trends & Forecast
Bone grafts are implantable materials, which promote bone healing, bone formation, and osseous reconstruction owing to their Osteoinductive, Osteoconductive, and osseous formation properties. Also, they can be used to fill voids in absence of bones or help in provisional structural stability. Bone Grafts & substitutes find its application in sports, trauma, facial, and spinal surgery.
Get Free Sample With Covid19 Impact Analysis: https://www.decisionforesight.com/request-sample/DFS019986
Bone Grafts & Substitutes market is poised to grow at a CAGR of 5.8% during the forecast period of (2020-2030)
The Global Bone Grafts and substitutes market accounted USD 2,826 million in 2020 and is expected to reach USD 4967 million by 2030, at a CAGR of around 5.8%. Bone grafts and substitutes are implantable materials that support bone formation, bone healing, and osseous reconstruction, as per a new report published by Decision Foresight.
According to the report, a rise in the number of spinal fusion surgeries will fuel the demand for the market. According to the CDC, around 32% of the adult population and 60% of the elderly population are affected by spinal deformities as of 2017. There were around 488,000 spinal procedures performed in the US. The common cause of spinal fusion injury is trauma, falls, collisions or road accidents. Thus, rise in spinal fusion will drive the demand for bone grafts and substitutes.
Shift towards adoption of minimally invasive surgeries (MIS) over traditional open surgeries is further increasing the demand for bone grafts & substitutes market. Surgeons are inclined to opt for MIS rather traditional open surgeries. As per Minim Invasive Surg, in 2018, minimally invasive techniques are being adopted for treatment of a wide range of bone disorders. Approximately 400,000 spinal fusion procedures are performed in the US annually and it has turned to be one of the most treated and well-established treatment options for spine trauma, degenerative disorders, tumors, and structural abnormalities
In 2019, the allograft segment is expected to hold the largest share of the bone grafts and substitute market. Rising preference of allograft over autograft is driving the growth of this segment. This is attributed to the unique characteristics such as immediate structural support and osteoconductivity. Also, use of allograft do not require another surgery to harvest bone, this results in reduced surgery time and fasterrecovery. Hence, allografts are most commonly used in spinal fusion, hip and knee replacement.
Browse key insights, market data & figures from report: https://www.decisionforesight.com/reports/bone-grafts-and-substitutes-market
On the other hand, synthetic bone graft segment is expected to witness higher growth rate during the study time frame. The high growth of this product segment is attributed to improved biocompatibility, low risk of disease transmission, shorter duration of surgery, minimal blood loss and reduced pain, and better acceptance among the patients over allograft. Despite the positive attributes, a stringent regulatory guideline in some countries limits the growth of this product segment.
Dental bone grafting is the fastest growing application segment in 2019. The use of grafts in the field of dentistry is expected to open new avenues for the market players. The grafts are used as scaffold and filler to facilitate bone formation and promote healing. Growth in dental implant procedures with advanced surgical techniques such as bone grafts and bone regeneration further escalates the market. Also factors such as significant government expenditure on dental services, and favorable reimbursement scenario further support the growth of this application segment.
To strengthen their presence in the global bone grafts and substitutes market, industry leaders are aiming to receive regulatory approvals. Apart from this player also focuses on mergers & acquisitions, partnership, collaborations, agreements to widen their reach. Prominent players operating in this market are Medtronic plc, Stryker, Depuy Synthes (a Johnson & Johnson Company), AlloSource, Integra Life Sciences, Baxter Healthcare, Stryker, Zimmer Biomet, Xtant Medical, NuVasive.Inc, and Wright Medical Group
This research report categorizes the global bone grafts & substitutes market by type, application, and region
- Machined Allograft
- Demineralized bone matrix
- Bone Graft Substitute
- Bone Morphogenic Proteins (BMP)
- Synthetic Bone Grafts
- Cell-Based Matrices
- Spinal Fusion
- Joint Reconstruction
- Dental Bone Grafting
- North America
- Rest of Europe (RoE)
- South Korea
- Rest of Asia-Pacific
- Rest of the World (Row)
- Saudi Arabia
- South Africa
Free PDF Sample Download Request: https://www.decisionforesight.com/request-sample/DFS019986
Decision Foresight is a market research organization known for its reliable and genuine content, market estimation and the best analysis which is designed to deliver state-of-the-art quality syndicate reports to our customers. Apart from syndicate reports, you will find the best market insights, strategies that will help in taking better business decisions on subjects that may require you to develop and grow your business-like health, science, technology and many more. At Decision Foresight, we truly believe in disseminating the right piece of knowledge to a large section of the audience and cover the in-depth insights of market leaders across various verticals and horizontals.
Name: Aloke Kumar
(Business Sale Manager)
Contact Number: +91-9875577842
Email Id: firstname.lastname@example.org