Our comprehensive research on the Global Bone Grafts and Substitutes Market (2023-2031) provides insights for businesses. It covers trends, investments, tech advancements, and major players. The report uses qualitative and statistical data from 2017-2031, including SWOT, BCG, PESTLE analysis, and visuals. It offers a full market landscape with stakeholder insights, regional outlooks, and financial considerations.
The global bone grafts & substitutes market size was US$ 2.7 billion in 2021. The global bone grafts & substitutes market size is forecast to reach US$ 3.7 billion by 2030, growing at a compound annual growth rate (CAGR) of 4.6% during the forecast period from 2022 to 2030.
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Bone grafts are implantable materials with osteoconductive, osteogenic, and osteoinductive qualities. In addition, it facilitates bone healing, bone production, and osseous reconstruction. Sports, trauma, plastic, facial, and spinal operations all use them. They can also utilize to fill cavities in the absence of bones or aid in providing structural support. Bone grafting is a surgical treatment that involves using a substance (bone graft) from a patient’s own body, a cadaver, an animal, or a different person to replace a missing or defective bone. It helps for wound healing, difficult fracture therapy, and other things.
Factors Influencing Market Growth
- The growing incidence of musculoskeletal disorders, the expansion of biocompatible synthetic bone grafts, and technical advancements in the medical field directing to a shift from autograft to allograft and a surge in demand for dental bone grafts are factors driving the global market.
- Rising costs of surgeries and ethical problems related to bone grafting procedures may slow down the overall market growth.
- The rising focus of key players on R&D activities in bone grafts & their substitutes and the growing demand for orthopedic procedures among the elderly population is forecast to provide lucrative opportunities for the global market during the forecast period.
Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the medical device companies in the bone grafts & substitutes industry. Leading Companies faced a setback due to the lockdown imposed by the government, which has led to disturbances in the supply chain movements globally. In addition, prominent players faced issues concerning the availability of human resource for manufacturing bone grafts & substitutes at production facilities. Additionally, end-users such as hospitals and clinics reported declining inpatient visits due to the lockdown restrictions.
Regional Insights
North America garnered the maximum share in the market in 2021 and is forecast to maintain its position over the forecast period. As a result of the rising awareness associated with the commercially available innovative products, accessibility of well-developed healthcare infrastructure, and higher healthcare expenses. The market in the U.S. is leading North America by developing the highest demand for bone grafts and substitutes owing to the increasing number of trauma-related injuries and cases of orthopedic disease. Thus, these factors are forecast to fuel the market growth in the region.
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Leading Competitors
The leading prominent companies profiled in the global bone grafts & substitutes market are:
- Arthrex, Inc.
- Baxter International Inc.
- Johnson & Johnson (DePuy Synthes)
- Medtronic Plc.
- Integra LifeSciences Holdings Corporation
- Musculoskeletal Transplant Foundation
- NuVasive, Inc.
- Stryker Corporation
- Xtant Medical Holdings, Inc.
- Zimmer Biomet Holdings, Inc.
- Other Prominent Players
The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.
As of the end of 2022, the Bone Grafts and Substitutes industry experienced notable growth in its workforce. Starting in January, employment within the Bone Grafts and Substitutes sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Bone Grafts and Substitutes output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sector’s production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.
Forecasts indicate that the global Bone Grafts and Substitutes output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Bone Grafts and Substitutes market, remains both its largest producer and consumer. Remarkably, China’s market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nation’s GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Bone Grafts and Substitutes market.
Scope of the Report
The global bone grafts & substitutes market segmentation focuses on Product, Application, and Region.
Segmentation based on Product
- Allografts
- Machined Allografts
- Demineralized Bone Matrix
- Bone Grafts Substitutes
- Bone Morphogenic Proteins (BMP)
- Synthetic Bone Grafts
- Cell-Based Matrices
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Segmentation based on Application
- Spinal Fusion
- Trauma
- Craniomaxillofacial
- Joint Reconstruction
- Dental Bone Grafting
Segmentation based on Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
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Table of Contents:
Chapter 1: Introduction to the Global Bone Grafts and Substitutes Industry
Chapter 3: Dynamics of the Market
Chapter 4: Profiles of Leading Companies
Chapter 5: Competition in the Global Bone Grafts and Substitutes Market among Players
Chapter 6: Market Size across Global Regions
Chapter 7: Application Segments in the Global Market
Chapter 8: Segment Analysis of the Global Bone Grafts and Substitutes Industry
Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers
Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders
Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors
Chapter 12: Evaluation of Market Impact Factors
Chapter 13: Forecasted Global Bone Grafts and Substitutes Market Size (2023-2031)
Reasons to Acquire This Report
(A) This research imparts invaluable insights tailored for senior management, policymakers, industry professionals, product innovators, sales executives, and stakeholders within the market. It equips them with the information needed to make well-informed decisions and craft effective strategies.
(B) The report delivers a comprehensive analysis of global, regional, and country-level Bone Grafts and Substitutes market revenues, extending projections until 2030. This dataset empowers companies to gauge their market presence, recognize avenues for growth, and explore emerging markets.
(C) Through meticulous segmentation of the Bone Grafts and Substitutes market encompassing types, applications, technologies, and end-uses, this study empowers leaders to blueprint their products and allocate resources based on the projected growth trajectories of each segment.
(D) Investors stand to gain from the market analysis by gaining insights into market scope, positioning, key drivers, challenges, limitations, expansion prospects, and potential risks. Armed with this knowledge, they can make well-considered investment choices.
(E) The report conducts an intricate analysis of competitors, unraveling their pivotal strategies and market positioning. This intelligence equips businesses with a profound understanding of the competitive landscape, enabling them to chart their own strategies accordingly.
(F) The study facilitates the assessment of Bone Grafts and Substitutes business projections delineated by region, key countries, and prominent companies, bestowing invaluable information for investment strategizing and decision-making.
Why is our study consequential?
Our study holds paramount importance for various reasons, a few of which include:
• Assisting businesses in gauging the viability of new or existing products or services.
• Facilitating business enterprises in the identification and cultivation of novel market segments.
• Providing a preemptive understanding of consumer demand prior to introducing new products, services, or features.
• Enhancing the overall efficacy of marketing, advertising, and promotional initiatives.
• Analyzing market trends to aid businesses in devising adaptive strategies.
• Guiding businesses in the optimal placement of their products.
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