Global Bone Grafts And Substitutes Market Size 2024, Forecast To 2033
11 Mar, 2024
The bone grafts and substitutes market size has grown strongly in recent years. It will grow from $3.17 billion in 2023 to $3.37 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to increased demand for orthopedic medical devices, increased disability rates, increased joint replacement surgical procedures, rise in healthcare expenditure and strong economic growth in emerging markets. The bone grafts and substitutes market size is expected to see strong growth in the next few years. It will grow to $4.22 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to rising geriatric population, rising incidences of road accidents and sports injuries, increase in demand for joint reconstruction disorders and rising number of diabetes-related amputations. Major trends in the forecast period include new product launches, 3d printed bone grafts and partnerships and collaborations.
Global Bone Grafts and Substitutes Market Key Driver
The anticipated rise in musculoskeletal disorders, such as osteoporosis and tendonitis, is set to drive the growth of the bone grafts and substitutes market. Musculoskeletal disorders impact the body's movement and musculoskeletal system, causing issues in muscles, nerves, tendons, joints, cartilage, and spinal discs. In March 2022, a Pediatric Orthopedic Consultant at the Indian Spinal Injuries Centre reported a 50% increase in Pediatric Orthopaedic Cases due to poor posture during online classes. This surge in musculoskeletal disorders fuels the demand for bone grafts and substitutes. The increasing incidence of these disorders contributes significantly to the growth of the bone grafts and substitutes market. Monitoring market sizes in 2023, 2024, and 2028 is vital for understanding the market's trajectory in response to these health trends.
Get A Free Sample Of The Global Bone Grafts and Substitutes Market ReportGlobal Bone Grafts and Substitutes Market Segments
The bone grafts and substitutes market covered in this report is segmented –
1) By Material: Allograft, Synthetic, Xenograft
2) By Application: Spinal Fusion, Trauma, Craniomaxillofacial, Joint Reconstruction, Dental Bone Grafting, Other Applications
3) By End User: Hospitals and Clinics, Surgical Centers, Other End-Users
By Geography:The regions covered in the bone grafts and substitutes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
North America was the largest region in the bone grafts and substitutes market in 2023. The regions covered in the bone grafts and substitutes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Bone Grafts and Substitutes Industry Players
Medtronic plc, Stryker Corporation, Smith & Nephew, Johnson & Johnson, Zimmer Biomet, Baxter International Inc., SeaSpine, Integra Lifesciences Holdings Corporation, NuVasive Inc., Orthofix Holdings Inc., Bioconcept Dental Implants, NovaBone India, Straumann, Kamal Medtech, Geistlich Bio-Oss, Lindare Medical, Hospital Innovations, Bioimplon, Exabone GmbH, Mathys AG, Dentsply Sirona Inc, Danaher Corp, Arthrex Inc, Graftys, Osseocon Biomateriais, Einco Biomaterial, Bionnovation, Medbone Biomaterials, CoreBone, Datum Dental, OK Coral, Dentakay Dental Clinic, Turkeyana Clinic, Keystone Dental, Allosource, DePuy Synthes, Wright Medical Group N.V.
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Bone Grafts and Substitutes Market Overview
Bone grafts and substitutes refer to a procedure in which bone defects are filled with bone grafts or with bone graft substitutes. Bone abnormalities that necessitate bone grafting are common in trauma and orthopedic operations. Bone grafting can be described as the envelopment and interdigitation of the donor bone tissue with the new bone deposited by the recipient. It is versatile, replaces the lost bone tissue, and enhances bone growth using natural mechanisms. The bone grafts and substitutes are used to replace and regenerate the lost bone, and can also restore proper facial contour.
Bone Grafts and Substitutes Global Market Report 2023 provides data on the global bone grafts and substitutes market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The bone grafts and substitutes market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.