Industry Trend Analysis
The Bone Grafts and Substitutes Market was worth USD 2.38 billion in 2014 and is expected to reach approximately USD 3.40 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 4.05% during the forecast period.
Bone grafts and substitutes are used to repair fractures in the bone, bone development, and osseous reconstruction as these materials are having osteoconductive and osteoinductive properties. These grafts and substitutes are made up from engineered and characteristic materials, and creature and human-obtained tissues. A perfect bone graft and substitute must be osteoinductive, biocompatible, bioabsorbable, and inexpensive. Thereby, these are commercially accessible for orthopedic applications, for example, spinal fusion, sports related injuries, and joint reconstruction. Substantial number of surgeries prompt ascent in demand for donation of musculoskeletal tissue and a lack of cadaver material.
The leading players in the market are Johnson & Johnson, Arthrex, Inc, Baxter International Inc., Xtant Medical Holdings, Inc., Wright Medical Group N.V., Zimmer Biomet Holdings, Inc., Stryker Corporation, Medtronic Plc., Musculoskeletal Transplant Foundation, and Integra Lifesciences Holdings Corporation.
The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
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Bone Grafts and Substitutes Market Segmentation-
Product Outlook and Trend Analysis
Allograft techniques decrease surgical time, hospital stay, and injuries involving a shorter injury recuperating time. Considering the aforementioned factors, the allograft method section is seen to be the favored significantly over the globe. Demineralized bone matrix is a kind of allograft, which has generally better osteoconductivity and osteoinductivity in comparison with different allografts.
Application Outlook and Trend Analysis
The spinal fusions fragment represented the biggest income share in 2015 and is foreseen to keep up its dominance amid the estimate time frame. Increasing demand for spinal combination fusions procedures among the aged populace is impelling the entrance of bone grafts among alternate applications. Moreover, wide accessibility of bone graft substitutes and enhancing reimbursement schemes for dental surgeries are some of the main aspects anticipated to boost the demand for BGS in dental applications.
Bone Grafts and Substitutes Market -By Region:
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
North America (U.S, Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
Rest of the World (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates, Others)
Regional Outlook -
North America was the main market and was trailed by Europe in 2015. Factors, for example, high levels of awareness in regards to commercially accessible products, higher expense on healthcare, and the accessibility of cutting edge medicinal services foundation added to the development of the market in these areas. Nonetheless, a demanding administrative structure and high treatment costs are testing the development of the market in North America and Europe.
What makes our report unique?
1) An extensive research study on the Global Bone Grafts and Substitutes Market, and its entire ecosystem, describes the market trends, drivers, restraints and opportunities of the Bone Grafts and Substitutes Market.
2) We provide you the longest possible market segmentation based on type of products, procedures and geography and describe the market share region wise.
3) The report gives a bird eyes view on the competitive landscape which includes mergers and acquisitions, collaborations, market strategies, and new product launches.
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