Bone Graft and Substitutes Market Share, Size and Report 2023-2028
Bone Graft and Substitutes Market Outlook 2023-2028:
IMARC Group’s latest report, titled “Bone Graft and Substitutes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the global bone graft and substitutes market size reached US$ 3.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.2 Billion by 2028, exhibiting a growth rate (CAGR) of 6% during 2023-2028.
Bone Graft and Substitutes Uses:
Bone graft and substitutes represent inorganic, synthetic, or biologically organic combinations that serve to replace missing bones or repair fractures. They are commercially available in moldable putty, injectables, pellets, and solid block forms. Bone graft and substitutes contain an osteoconductive matrix that acts as a filler to facilitate wound healing, osteoinductive proteins that support the mitogenesis of identical bone cells, and osteogenic cells that form the bone in the appropriate environment. Along with these components, they also contain tricalcium phosphate ceramics, demineralized bone matrix, platelet-rich plasma, and other polymer-based substitutes. These materials are bioresorbable, thermally nonconductive, do not cause any antigen-antibody reaction or adverse inflammatory response, etc. As a result, bone graft and substitutes are widely used in facial, foot, spinal, ankle, and trauma surgeries.
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Who are the Players in the Bone Graft and Substitutes Market ? :
The competitive landscape of the industry has also been examined along with the profiles of the key players being
- Zimmer Biomet Dental
- DePuy Synthes
- Wright Medical Technology
- Medtronic Plc
- Stryker Corporation
- NuVasive Inc
- Arthrex Inc
- Integra LifeSciences
- Baxter International Inc
- Musculoskeletal Transplant Foundation
- Bacterin International Holdings
- SeaSpine
- LifeNet Health
Bone Graft and Substitutes Market Future Demand:
The expanding geriatric population who are susceptible to joint disorders is primarily driving the bone graft and substitutes market. Besides this, the growing number of orthopedic surgeries and the escalating demand for minimally invasive procedures are further augmenting the market growth. Moreover, the increasing consumer awareness towards the benefits of bone regeneration via biologics, the easy availability of grafting products in numerous shapes and sizes, and the inflating health expenditure capacities of individuals are catalyzing the global market. Apart from this, continuous technological advancements in surgical technologies, such as the introduction of fast prototyping and 3D printing for the fabrication of free-form biomaterial scaffolds, are acting as significant growth-inducing factors. Additionally, extensive R&D activities focusing on enhancing the bioactivity of bone graft substitutes are also stimulating the market growth. In line with this, the development of new polymer and ceramic products with biologically superior characteristics for enhanced tissue regeneration is anticipated to fuel the bone graft and substitutes market in the coming years.
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Key Market Segmentation:
Breakup by Material Type:
- Allografts
- Machined Allografts
- Demineralized Bone Matrix (DBMs)
- Bone Graft Substitutes
- Bone Morphogenic Proteins (BMPs)
- Synthetic Bone Grafts
- Cell-based Matrices
- Others
Breakup by Application:
- Spinal Fusion
- Trauma
- Joint Reconstruction
- Foot and Ankle
- Dental Bone Grafting
- Craniomaxillofacial
- Others
Breakup by End User:
- Hospitals
- Surgical Centres
- Clinics
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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