The Global Bone Graft and Substitutes Market, by Product
Type (Bone Grafts and Bone Graft Substitutes), by Application (Spinal
Fusion, Dental Bone Grafts, Craniomaxillofacial, Joint Reconstruction,
Trauma and Extremities), and by Region (North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa) was valued at US$ 2,640.1 Mn in 2016 and is projected to exhibit a CAGR of 5.5% over the forecast period (2017 – 2025), as highlighted in a new report published by Coherent Market Insights. Rise
in number of reconstructive joint surgeries coupled with development of
novel bone grafting substitutes are major factors expected to drive
growth of the global bone graft and substitutes market over the forecast
period.
Number of hip and knee reconstructive
joint surgeries are increasing globally due to growing aging population
as well as increasing adoption of sedentary lifestyle. According to
Canadian Institute of Health Information, the number of knee replacement
surgeries increased by 20.3% in Canada from 2009-2010 to 2014-2015.
Bone grafts and substitutes are used in order to fill the voids and
damages caused in the knees and hips, thereby healing the broken sites
through natural growth. These techniques use various advanced machines
and equipment for precision, accuracy, and ease. This has led to
increase in the success rate of bone graft surgeries, in turn,
propelling growth of the market.
Additionally, rise in medical tourism,
especially in the developing economies such as Brazil, Belgium, India,
China, Hong Kong are also responsible for driving growth of the global
bone grafts and substitutes market. Bone grafting procedures performed
in these countries are cost-effective, which in turn, drives traction
from the populace living in the developed countries where the prices for
these procedures are relatively more expensive. Besides cost-savings,
surgeries performed in medical tourism countries offer equivalent levels
of quality as well as luxurious post-operative care. This helps boost
the market for bone graft and substitutes, specifically in Latin
America and Asia Pacific.
Browse 35 Market Data Tables and
30 Figures spread through 287 Pages and in-depth TOC on “Bone Graft and
Substitutes Market”- Global Forecast to 2025
To know the latest trends and insights prevalent in the bone graft and substitutes market, click the link below:
Manufacturers are focusing on developing
a variety of synthetic bone graft substitutes and derivatives of
allografts such as demineralized bone matrix for better results, high
performance, and easy accessibility of synthetic compounds. Synthetic
enhanced grafts that help in the improvement of the quality of
post-surgical recovery are attracting large customer base, majorly owing
to the cost effectiveness and reliability offered by these grafts. For
instance, i-Factor by Cerapedics is a peptide enhanced graft that is
used in cervical discectomy and fusion surgeries. The graft helps to
support bone growth through cell attachment and aviation. Moreover, IBI
S.A. developed a bone graft named SmartBone through advanced tissue
engineering technologies with resorbable polymers and cell nutrients to
enable quick and efficient osteoconduction with a well-blended
integration.
Key Takeaways of the Bone Graft and Substitutes Market:
- The global bone graft and substitutes market is expected to exhibit a CAGR of 5% over the forecast period, owing to the presence of potential market especially in Asia Pacific, and Latin America.
- Among bone grafts, the autografts segment holds a dominant position in the market, as it is the most established procedure in the grafting sector, followed by allografts. The segment is gaining traction due to high availability and ability to suffice almost all the requirements of an ideal bone graft.
- Among applications, the spinal fusion segment holds a dominant position in the market, owing to significant rise in the number of spinal procedures carried out across the globe
- Some major players operating in the global bone graft and substitutes market are Ace Surgical Supply Co., Inc., NovaBone Product LLC, Medtronic Plc, Stryker Corporation, Zimmer Biomet Holdings, Inc., BioHorizons Implant Systems, Inc., Novadip Biosciences, Orthofix International N.V., Globus Medical, Inc., and Bone Therapeutics SA.
About Coherent Market Insights:
Coherent Market Insights is a prominent
market research and consulting firm offering action-ready syndicated
research reports, custom market analysis, consulting services, and
competitive analysis through various recommendations related to emerging
market trends, technologies, and potential absolute dollar opportunity.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
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