NEW
YORK, June 19, 2024 /PRNewswire/ -- The global
bone grafts and substitutes market size is estimated to grow by
USD 1.71 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a
CAGR of 9.45% during the forecast period. Growing
orthopedic conditions and surgical cases is driving market
growth, with a trend towards growing adoption of
minimally invasive surgeries. However, high costs associated
with implants and procedures poses a challenge. Key market
players include AlloSource, Arthrex Inc., Baxter International
Inc., Bioventus LLC, Ed. Geistlich Sohne AG, Institut Straumann AG,
Integra Lifesciences Corp., Johnson and Johnson Services Inc.,
Medtronic Plc, MTF Biologics, NovaBone Products LLC, Nuvasive Inc.,
Orthofix Medical Inc., OST Laboratories, RTI Surgical Inc., Smith
and Nephew plc, Stryker Corp., TBF TISSUE ENGINEERING, Xtant
Medical Holdings Inc., and Zimmer Biomet Holdings Inc..
Get a detailed analysis on regions, market segments, customer
landscape, and companies- View the snapshot of this report
Bone Grafts And
Substitutes Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
9.45%
|
Market growth
2024-2028
|
USD 1719.4
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
8.42
|
Regional
analysis
|
North America, Europe,
Asia, and Rest of World (ROW)
|
Performing market
contribution
|
North America at
41%
|
Key
countries
|
US, Germany, UK, China,
and Japan
|
Key companies
profiled
|
AlloSource, Arthrex
Inc., Baxter International Inc., Bioventus LLC, Ed. Geistlich Sohne
AG, Institut Straumann AG, Integra Lifesciences Corp., Johnson and
Johnson Services Inc., Medtronic Plc, MTF Biologics, NovaBone
Products LLC, Nuvasive Inc., Orthofix Medical Inc., OST
Laboratories, RTI Surgical Inc., Smith and Nephew plc, Stryker
Corp., TBF TISSUE ENGINEERING, Xtant Medical Holdings Inc., and
Zimmer Biomet Holdings Inc.
|
Market Driver
The global bone grafts and substitutes market is anticipated to
expand due to the rising use of minimally invasive surgeries in
orthopedics. Minimally invasive bone grafting techniques, such as
SMART, offer superior bone regeneration with less pain and fewer
complications. Specialist orthopedic care centers are increasingly
adopting these methods, leading to an increase in market demand.
Consequently, the market for bone grafts and substitutes is poised
for growth during the forecast period.
The Bone Grafts and Substitutes market is experiencing
significant growth due to the increasing demand for bone repair and
regeneration solutions. Allografts, a type of bone graft, are
gaining popularity due to their availability and ease of use.
Another trend is the use of artificial bone substitutes, such as
hydroxyapatite and tricalcium phosphate, which offer advantages
like better integration and reduced risk of disease transmission.
Fracture repair and dental applications are major end-users in this
market. Companies are focusing on product development and
innovation to cater to the growing demand. Orthopedic and dental
procedures are driving the market forward. The use of 3D printing
technology is also on the rise, providing customized bone graft
solutions. Overall, the Bone Grafts and Substitutes market is
expected to continue its growth trajectory in the coming
years.
Research report provides comprehensive data on impact of trend.
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Market Challenges
- The global bone grafts and substitutes market faces significant
challenges due to high costs. Orthopedic implants, used for joint,
spine, and maxillofacial injuries treatment, have varying costs
based on applications and features. For instance, dental grafting
procedures cost between USD2,500 and
USD3,500. Simple grafts are more
expensive than synthetic bone substitutes. The cost of bone
grafting procedures includes devices, consultations, medications,
and consumables. Inpatient procedures cost between USD25,000 and USD30,000, while outpatient surgeries range from
USD15,000 to USD20,000. CT scans, used for diagnosis, cost
between USD750 and USD1,300 per procedure. Repeated tests and
implant removal increase costs. Healthcare infrastructure also
affects costs, potentially hindering market growth.
- The Bone Grafts and Substitutes market faces several challenges
in the industry. Technologies like CranioMaxillary, Dental,
Orthopedic, and Spinal bone grafts require advanced procedures and
materials. The use of synthetic bone substitutes, such as
hydroxyapatite and tricalcium phosphate, presents challenges in
ensuring their biocompatibility and integration with natural bone.
Additionally, the high cost of these grafts and substitutes, as
well as the need for long-term follow-up care, can limit their
widespread adoption. Furthermore, regulatory approvals and
reimbursement policies also pose significant challenges for market
growth. The use of 3D printing technology in bone grafting is a
potential solution to address some of these challenges, offering
customized and cost-effective options. However, the technology's
maturity and regulatory approval are still under development.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This bone grafts and substitutes market report extensively
covers market segmentation by
- Product
- 1.1 Xenografts
- 1.2 Allografts
- 1.3 Synthetic bone grafts
- 1.4 DBM
- Application
- 2.1 Spinal fusion
- 2.2 Trauma
- 2.3 Craniomaxillofacial
- 2.4 Joint reconstruction
- 2.5 Dental bone grafting
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 Asia
- 3.4 Rest of World (ROW)
1.1 Xenografts- The bone grafts and substitutes
market is significantly driven by the xenograft segment.
Xenografts, which are transplants between closely related species,
act as protective biological dressings for wounds. They prevent
bacterial and physical damage, alleviate pain, and enhance moisture
and heat retention. This segment's growth is attributed to the
rising prevalence of knee and hip injuries, technological
advancements like 3D-printed implants, and new product launches. In
the dental sector, xenografts are primarily porcine and bovine,
carefully cleaned, sterilized, and prepared for human use.
Additionally, xenografts are extensively utilized in research and
development due to their ability to create microenvironments
mimicking tumors' physiological and pathological conditions.
Consequently, the xenograft segment's expansion is anticipated to
fuel the global bone grafts and substitutes market's growth
throughout the forecast period.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
The Bone Grafts and Substitutes market encompasses the
production and distribution of synthetic alternatives to natural
bone tissue for various orthopedic procedures. Regulatory
authorities oversee the production and implementation of these
substitutes to ensure safety and efficacy. Synthetic substitutes
are utilized in the treatment of fractured bones, including facial
fractures and hip fractures, as well as in joint reconstruction and
spinal fusion procedures. These substitutes come in various forms,
such as powders, granules, pastes, and putties, and are used in the
treatment of sports injuries, falls, road accidents, and in the
geriatric population. Additionally, bone grafts are employed in the
treatment of bone cancer and other bone-related conditions.
Surgeons rely on these substitutes to facilitate minimally invasive
surgeries and promote faster healing.
Market Research Overview
The Bone Grafts and Substitutes market refers to the production
and distribution of various bone grafting materials used in
orthopedic and dental procedures. These materials are designed to
replace or promote the regeneration of damaged or absent bone
tissue. The market includes a range of products such as allografts,
xenografts, and synthetic grafts. Allografts are derived from human
donor bones, while xenografts are sourced from animals. Synthetic
grafts are made from synthetic materials. The market is driven by
the increasing prevalence of bone diseases and injuries, as well as
advancements in bone grafting technology. The use of bone grafts
and substitutes is essential in reconstructive surgeries, trauma
cases, and dental implant procedures. The global bone grafts and
substitutes market is expected to grow significantly in the coming
years due to these factors.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- Xenografts
- Allografts
- Synthetic Bone Grafts
- DBM
- Application
-
- Spinal Fusion
- Trauma
- Craniomaxillofacial
- Joint Reconstruction
- Dental Bone Grafting
- Geography
-
- North America
- Europe
- Asia
- Rest Of World (ROW)
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Infiniti Research, Inc.