Market Synopsis of Global Bone Graft Substitute Market:
Bone grafting is a surgical procedure carried out fix facture bones and bone injury. The procedure involves transplantation of bone tissues to augment and regenerate bones that are lost due to diseases or an injuries. Autografts have been used for decades for the grafting purposes. Autografts is one of the greatest available surgical procedure for the bone grafting. However, due to the double incision required during the autograft procedure, the pain associated with the procedure, and the post-operative pain on both the sites have encouraged the scientists to look for the alternatives. With the changing trends, use of the allografts, xenografts, and synthetic bone grafts is on the rise. Thus, with the development of these innovative products as a substitute for the real bones, the global market for bone graft substitute is growing.
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Increased use of bone grafting procedure in the fixation of the damaged/ broken bones, high demand of the bone graft substitutes in the military medical units, rising geriatric population with increasing orthopaedic problems, and increasing need for the reconstructive orthopaedic treatments drive the growth of the market. Additionally, increased usage of the bone graft substitutes in the field of dentistry and technological advancements from the leading market players with innovative bone graft products add fuel to the market growth. The bone graft substitute market offers great opportunities in the form of technological advancements in the orthopaedic industry, opportunities for investments, and consolidation for big healthcare providers in the U.S. among others. Synthetic material used in manufacturing of bone graft substitutes, for instance, hydroxyapatite are devoid of organic and biological agents, which hinder osteoconduction, osteoinduction, and osteogenesis. Thus, technological advancement in the form of recombinant DNA technology is use to eliminate these drawbacks by mixing these materials with growth factors to enhance grafts and stem cell-based auto grafts. The greater use of biotechnology is expected to increase the characteristics of synthetic bone graft such as osteoconduction, osteoinduction and osteogenesis, etc. Considering all these factors, the global market of bone graft substitute is expected to reach $ 5,031.0 million by the end of 2027, this market is projected to grow at a CAGR of ~ 6.52 % during the forecast period 2018-2027.
Top Players:
ACE Surgical Supply Company
BioHorizons IPH
Dentium Co.
Dentsply Sirona
Institut Straumann AG
Medtronic plc
Stryker Corporation
Zimmer Biomet and others.
Global Bone Graft Substitutes Market: Segmental Analysis
The global bone graft substitutes market has been segmented on the basis of type and application. Based on types, the bone graft substitute market has been segmented into autograft, demineralized bone matrix, synthetic bone grafts, bone morphogenetic protein, and others.
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Based on application, the bone graft substitute market has been segmented into spinal fusion, joint reconstruction, long bone, dental, foot and ankle and others. Among these, significant growth has been projected by the spinal fusion segment due to rise in incidences of bone injuries, increasing demand for minimally invasive surgeries, increasing cases of arthritis surgeries and others.
Global Bone Graft Substitutes Market: Regional Analysis
The global bone grafts substitute market is segmented into four major regions such as Americas, Europe, Asia-Pacific and the Middle East and Africa. Among these regions, the Americas accounted for the largest market share in the global bone graft substitute market in 2016 due to the increasing expenditure on health care, extensive use of medications, rapid adoption of advanced technology and presence of well-developed healthcare infrastructure in this region.
The increasing awareness regarding bone graft substitutes and rise in disposable income are driving the market in the Europe region. The bone graft substitutes market in Asia-Pacific is anticipated to showcase significant growth during the forecast period due to the burgeoning medical tourism in countries such as China, Malaysia, and Thailand, India and Singapore and implementation of strict regulatory framework by the manufacturers in this region. The bone graft substitute market in the Middle East region is driven by the increased penetration of leading players due to increased demand for treatment of arthritis disorder.
Global Bone Graft Substitutes Market: Competitive Analysis
The increasing investment by the players of global bone graft substitute market in research and development for new product launch is majorly triggering competition in the global bone graft substitute market. On 7th of March, 2018,Stryker Corporation’s spine division has received FDA clearance for 3D-printed Tritanium TL cage which is an intervertebral body fusion device that is used with autograft and allogenic bone graft and is applicable in case of spinal fusion surgery.
Major TOC of Bone Graft Substitute Market Research Report- Global Forecast till 2027:
1 Report Prologue
2 Introduction
3 Research Methodology
4 Market Dynamics
5 Market Factor Analysis
6 Global Bone Graft Substitute Market, By Type
7 Global Bone Graft Substitute Market, By Application
8 Global Bone Graft Substitute Market, By Region
9 Competitive Landscape
10 Company Profiles
11 Conclusion
12 Key Findings
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