Description – The new research report on ‘global bone grafts and substitutes market’ comprises of substantial information regarding critical parameters such as the industry size, share, driving forces, limitations & challenges, and other expansion prospects defining the growth graph of this business vertical over the period of 2020-2027.
Description – The new research report on ‘global bone grafts and substitutes market’ comprises of substantial information regarding critical parameters such as the industry size, share, driving forces, limitations & challenges, and other expansion prospects defining the growth graph of this business vertical over the period of 2020-2027. The document also delivers significant information concerning the past as well as current market trends alongside the factors impacting the remuneration scale of this industry landscape.
As per reliable predictions, global bone grafts and substitutes market is predicted to expand significantly and reach a valuation of USD 4.15 billion by the year 2026. Increasing number of MSD (musculoskeletal disorders) and orthopedic surgeries have impelled the demand for bone grafts and replacements, which is driving the market growth.
Additionally, the study elaborates on the various market segmentations such as material type, application scope, and regional outlook. It also provides a broad perspective of the various industry participants by offering an in-depth SWOT assessment of each company operating in this business space.
High number of bones grafting processes, growing elderly population and increasing popularity of health insurance and orthopedic clinics are also positively impacting global bone grafts and substitutes market dynamics.
For those unfamiliar, bone grafts help regenerate the bone, to restore the structure and relieve the relevant pain. Autologous bone grafts have been considered as a gold standard for bone transplant. However, the usage of autologous bone grafts during tissue harvesting as well as numerous transplant locations can result in transferring infection during surgeries, further delaying the healing process of the wound.
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It is also worth mentioning that allografts have both osteo-conductive and osteo-inductive properties. Hence, inclination towards using allografts instead of autologous grafts is stimulating global bone grafts and substitutes industry outlook. Additionally, easy availability of allografts in numerous shapes and sizes is also favoring the overall market scenario.
Technological advancements in this business domain coupled with increased pervasiveness of psoriatic arthritis, rheumatoid arthritis, and osteoarthritis are also augmenting global bone grafts and substitutes industry size. High costs and complexities associated with bone grafting processes may however, hinder the market remuneration over the projected period.
Regardless, availability of technologically advanced products, rising per capita income, consumer preferences towards using organic goods and increasing awareness pertaining to appearance and looks are contributing towards the revenue generation of global bone grafts and substitutes industry.
A summary of the regional outlook
According to reliable estimates, North America accounted for 38% market share and is slated to record consistent growth throughout the study period, with U.S. being the major revenue generator. Increased pervasiveness of trauma-related accidents as well as orthopedic illnesses have augmented the demand for bone grafts and replacements for transplantations and therapies.
Meanwhile, Europe bone grafts and substitutes industry size is expected to register considerable growth in the ensuing years, primarily driven by rising adoption of advanced therapies for chronic disease treatments and high concentration of leading companies.
To access a sample pages of this report titled “Bone Grafts and Substitutes Market Size, Share & Trends Analysis Report By Material Type (Natural, Synthetic); By Application Type (Spinal Fusion, Craniomaxillofacial, Long Bone); By Region - Segment Forecast, 2020 - 2026” in detail along with the table of contents, please click the link below:
Bone Grafts and Substitutes Market by Material Type (Revenue, USD Million, 2015-2026)
- Synthetic
- Natural
Bone Grafts and Substitutes Market by Application Scope (Revenue, USD Million, 2015-2026)
- Long Bone
- Craniomaxillofacial
- Spinal Fusion
Bone Grafts and Substitutes Market Regional Analysis (Revenue, USD Million, 2015-2026)
North America
- Canada
- United States
Europe
- Russia
- Italy
- France
- Germany
- United Kingdom
Asia-Pacific
- South Korea
- Japan
- India
- China
Latin America
- Colombia
- Mexico
- Brazil
Middle East & Africa
- UAE
- Israel
- South Africa
- Saudi Arabia
Bone Grafts and Substitutes Market Competitive Landscape (Revenue, USD Million, 2015-2026)
- AlloSource Inc.
- BIOBank
- Zimmer Biomet
- TBF Tissue Engineering
- Geistlich Pharma AG
- Wright Medical Group N.V.
- Smith & Nephew plc
- NuVasive Inc.
- Stryker Corp
- Medtronic plc
- Baxter International Inc.
- DePuy Synthes
- Orthofix Holdings Inc.
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