Albany NY, United States: The global spinal machined bone allograft market is projected to witness significant growth from 2021 to 2031.
Albany NY, United States: The global spinal machined bone allograft market is projected to witness significant growth from 2021 to 2031 (forecast period). One of the primary factors likely to fuel the growth of the spinal machined bone allograft market is the surge in the frequency of hip fractures. The prevalence rate is expected to climb by 240% in women and 310% in men. Moreover, the rise in the incidence of osteoporosis among females is expected to boost the global spinal machined bone allograft market.
Furthermore, increased development of biocompatible synthetic bone grafts and technological improvements in the medical industry leading to a transition from autograft to allograft are anticipated to propel the global spinal machined bone allograft market.
Spinal Machined Bone Allograft Market – Competitive Landscape
Key players active in the global spinal machined bone allograft market are Medtronic (Ireland), Zimmer Biomet (US), SeaSpine (US), Stryker (US), Institut Straumann AG (Switzerland), Wright Medical Group N.V. (US), XTANT MEDICAL (US), RTI Surgical Holdings, Inc. (US), Orthofix (US), Arthrex, Inc (US), Integra LifeSciences (US), Musculoskeletal Transplant Foundation (US), and AlloSource (US).
To expand their worldwide exposure, key market players are actively pursuing marketing tactics such as partnerships, investments, acquisitions, technological innovations, and R&D activities.
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Spinal Machined Bone Allograft Market – Trends and Opportunities
The global spinal machined bone allograft market is expected to grow due to an increase in the prevalence of spinal injuries in older people and arthritis patients, technological advancements, and an increase in the number of spine surgeries worldwide.
Another key element projected to drive the global spinal machined bone allograft market is the increasing occurrence of bone and joint disorders. As per estimates, osteoporosis afflicted over 200 million women worldwide in 2018. Over the projection period, the advent of biocompatible synthetic allografts is also expected to raise demand for spinal machined bone allografts. Prominent market participants are working on the development of these allografts. In October 2019, McGill University, for example, developed a biocompatible bone allograft with a stiffened multilayer for the treatment of severe bone lesions. This aided the company in gaining a competitive advantage over other companies in the global spinal machined bone allograft market.
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Moreover, the increasing prevalence of medical issues such as scoliosis, disc dislocation, and fracture are increasing the need for sophisticated bone grafting techniques. The rising number of spinal cord injuries caused by catastrophic automobile accidents is increasing the demand for effective bone grafts. Furthermore, the availability of bone grafts in various sizes and forms to repair voids in the skeletal system encourages spinal fusion procedures. Additionally, supportive activities by government and private organizations to develop healthcare facilities are projected to bolster the global spinal machined bone allograft market throughout the projection period.
Gel, putty, and putty with chips are the most common spinal machined bone allograft product variations. The putty segment is expected to witness significant growth during the projection period. DBM putty is meant for gaps and voids that are not intrinsic to bone structural integrity. It is used to correct bone abnormalities or osseous flaws that arise during surgical operations. Putty can be blended with bone marrow or blood to give a moldable consistency.
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Spinal Machined Bone Allograft Market – Regional Landscape
The North America spinal machined bone allograft market is anticipated to grow during the forecast period. Increasing awareness of the availability of new technologies, the existence of a well-developed government healthcare system, and significant healthcare expenditure in the region’s countries are important factors likely to drive the regional market expansion. Moreover, the increased number of accidents and the incidence of orthopedic disorders in the United States are projected to stimulate demand for spinal machined bone allografts in the near future.
The spinal machined bone allograft market in Asia Pacific is projected to expand during the forecast period owing to an increase in medical tourism in some of the region’s countries.
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