Bone Grafts and Substitutes Market:
Bone grafts and substitutes market is projected to be worth USD 5.42 Billion by 2030, registering a CAGR of 10.7% CAGR during the forecast period (2022-2030), the market was valued at USD 3.10 Billion in 2021. In 2021, the allograft category dominated the market and accounted for approximately 55.0% of total revenue. In 2021, the spinal fusion category generated a high revenue of 59.3%. North America dominated the market by accounting for more than 41.2% of worldwide sales in 2021. The main factors influencing the regional market growth are rising awareness of novel goods that are commercially available, and accessibility to a highly developed healthcare system.
Bone Grafts and Substitutes Market Dynamics:
To fix extremely complex bone fractures as they appear to be a serious health risk to the patient, or those that do not heal adequately, bone grafting is a surgical treatment that replaces missing bone. However, the danger is higher for major fractures such as compound fractures. Further, advancements in technologies and a significant rise in research and development have boosted the demand for substitutes to enhance the treatment.
Driver:
Around 200 million women globally are thought to have osteoporosis. Additionally, during the forecast period, the market for bone grafts and substitutes is anticipated to be driven by the growing need for dental bone grafts. Further, the increasing adoption of orthopedic surgeries is fueling the growth of the bone grafts and substitutes market.
Restrain:
Lack of bone development or partial bone formation, undesirable tissue reactions, and infections of the bone and soft tissue are a few of the substitutes’ growing clinical problems. As a result, it is anticipated that this factor will restrain bone grafts and substitute market growth over the projection period.
Opportunity:
Through the projected period, it is predicted that the segment will benefit greatly from rising graft utilization for dental treatments. The grafts are typically utilized as a scaffold and filler to aid in the development of new bone and accelerate recovery.
COVID-19 Analysis of Bone Grafts and Substitutes Market:
The bone grafts and substitutes market has been severely impacted since the COVID-19 epidemic in many different parts of the world. Shipments were impacted during the initial lockdown due to a labor shortage and the closure of a manufacturing facility. The pandemic’s initial effects on China were tremendous. However, the nation’s circumstances have stabilized, and all product and service production rates have increased. During the pandemic, many surgeries were postponed to avoid the risk of the transfer of the virus. As a result, it is determined that COVID-19’s overall impact on the bone grafts and substitutes market is severe.
Bone Grafts and Substitutes Market Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2016-2030 |
| Market Size in 2030 (USD Billion) | 5.42 |
| CAGR (2022-2030) | 10.7% |
| By Material Type | Allograft – Demineralized Bone Matrix, Others
Synthetic – Ceramics (HAP, β-TCP, α-TCP, Bi-phasic Calcium Phosphates (BCP), Others), Composites, Polymers, Bone Morphogenic Proteins (BMP) |
| By Application | Craniomaxillofacial,Dental, Foot & Ankle, Joint Reconstruction, Long Bone, Spinal Fusion |
| By geography | North America– (U.S., Canada, Mexico
Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe) Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific) Latin America- (Brazil, Argentina, Chile, Rest of Latin America) Middle East and Africa- (GCC, Turkey, Israel, Rest of MEA) |
| Key Players | Allo Source; Baxter, DePuy Synthes, Inc., Medtronic, Nuvasive, Inc., Orthofix Holdings, Inc., Smith & Nephew, Inc., Stryker Corporation, Wright Medical Group N.V., OST Devloppement, Zimmer Biomet, GeistlichPharma AG, TBF Tissue Engineering, Biobank |
Bone Grafts and Substitutes Market Segment Analysis:
By Material Type
In 2021, the allograft category dominated the market and accounted for approximately 55.4% of total revenue. The demineralized bone matrix and other segments make up the allograft segment. Allograft use is expanding as a result of their advantages, including osteoconductivity and rapid structural support. They also do not need a second surgery, which speeds up wound healing and cuts down on surgical time. These are frequently applied to the knee, hip, and spine. Demineralized bone matrices, which come in a variety of sizes and shapes such as chips, pellets, and granules, are readily accessible. Additionally, they exhibit both osteoinductive and osteoconductive capabilities, which boosts their appeal and the market’s growth.
By Application
In 2021, the spinal fusion category generated a high revenue of 59.3%. The application segment the bone grafts and substitutes market segment into spinal fusion, long bone, foot and ankle, craniomaxillofacial, joint repair, and dental. The increase in spondylosyndesis procedures using bone graft materials can be blamed for the growth. Additionally, the mounting aging population vulnerable to orthopedic illnesses is driving the corrective surgery demand. This in turn is driving the growth of the market. For instance, the World Health Organization predicts that the elderly population will double, from 12% to 22%, between 2015 and 2050. Moreover, through the forecast period, it is expected that the segment will benefit considerably from rising graft utilization for dental treatments. The grafts are typically utilized as a scaffold and filler to aid in the development of new bone and accelerate recovery.
By Region
The region segment of the Bone Grafts and Substitutes market is divided into the Asia Pacific, Europe, North America, the Middle East, Africa, and Latin America. North America dominated the market by accounting for more than 41.2% of worldwide sales in 2021. The main factors influencing regional market growth are rising awareness of novel goods that are commercially available, accessibility to a highly developed healthcare system, and greater healthcare spending of 16.9% in 2018. Further, due to the rising incidence of orthopedic diseases and trauma-related injuries, the US market is dominating both North American and global markets by creating the highest demand for bone grafts and substitutes.
Bone Grafts and Substitutes Market Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Further, the surge in Research and Development (R&D), product innovation, various business strategies, and Material Type launches have accelerated the growth of the Bone Grafts and Substitutes market. Key players in the market include-
- Smith & Nephew
- Medtronic
- Zimmer Biomet
- Wright Medical Group N.V.
- GeistlichPharma AG
- Stryker Corporation
- Biobank
- AlloSource
- DePuySynthes, Inc.
- Baxter
- Nuvasive, Inc.
- Orthofix Holdings, Inc.
- TBF Tissue Engineering
- OST Development
Table of Content
- Introduction
- Market Introduction
- Market Research Methodology
- Research Process
- Primary Research
- Secondary Research
- Data Collection Technique
- Data Sources
- Market Estimation Methodology
- Limitations of the Study
- Material Type Picture of Bone Grafts and Substitutes
- Global Bone Grafts and Substitutes Market: Classification
- Geographic Scope
- Years Considered for the Study
- Research Methodology in brief
- Parent Market Overview
- Overall Bone Grafts and Substitutes Market Regional Demand
- Research Programs/Design
- Market Breakdown and Data Triangulation Approach
- Data Source
- Secondary Sources
- Primary Sources
- Primary Interviews
- Average primary breakdown ratio
- Market Dynamics
- Drivers
- Drivers
- Restraints
- Restraints
- Opportunity
- Impact forces on market dynamics
- Impact forces during the forecast years
- Industry Value Chain
- Upstream analysis
- Downstream analysis
- Therapeutic
- Direct Channel
- Indirect Channel
- Potential Customers
- Manufacturing/Operational Cost Analysis
- Pricing Analysis by Region
- Key Material Type Landscape
- Regulatory Analysis
- Porter’s Analysis
- Supplier Power
- Buyer Power
- Substitution Threat
- Threat from New Entry
- Competitive Rivalry
- PESTEL Analysis
- Political Factors
- Economic Factor
- Social Factors
- Technological Factor
- Environmental Factors
- Legal Factor
- Covid-19 impact on Global Economy
- Covid-19 impact on Bone Grafts and Substitutes Market demand
- Post-Covid Impact on Bone Grafts and Substitutes Market Demand
- Impact Analysis of Russia-Ukraine Conflict
- Drivers
- Global Bone Grafts and Substitutes Market Segmentation, Revenue (USD Billion), (2022-2030)
- By Material Type
- Allograft
- Demineralized Bone Matrix
- Others
- Synthetic
- Ceramics
- HAP
- β-TCP
- α-TCP
- Bi-phasic Calcium Phosphates (BCP)
- Others
- Composites
- Polymers
- Bone Morphogenic Proteins (BMP)
- Ceramics
- By Application
- Craniomaxillofacial
- Dental
- Foot & Ankle
- Joint Reconstruction
- Long Bone
- Spinal Fusion
- Allograft
- By Material Type
- Global Bone Grafts and Substitutes Market Overview, By Region
- North America Bone Grafts and Substitutes Market Revenue (USD Billion), by Countries, (2022-2030)
- US
- By Material Type
- By Application
- Canada
- Mexico
- US
- Europe Bone Grafts and Substitutes Market Revenue (USD Billion), by Countries, (2022-2030)
- France
- UK
- Spain
- Russia
- Italy
- BENELUX
- Asia Pacific Bone Grafts and Substitutes Market Revenue (USD Billion), by Countries, (2022-2030)
- China
- Japan
- Australia
- South Korea
- India
- ASEAN
- North America Bone Grafts and Substitutes Market Revenue (USD Billion), by Countries, (2022-2030)
- Latin America Bone Grafts and Substitutes Market Revenue (USD Billion), by Countries, (2022-2030)
- Brazil
- Argentina
- Chile
- Middle East and Africa Bone Grafts and Substitutes Market Revenue (USD Billion), by Countries, (2022-2030)
- GCC
- Turkey
- South Africa
- Global Bone Grafts and Substitutes Market Revenue: Competitive Analysis, 2021
- Key strategies by players
- Revenue (USD Billion and %), By manufacturers, 2021
- Player Positioning by Market Players, 2021
- Competitive Analysis
- Smith & Nephew
- Business Overview
- Business Financials (USD Billion)
- Material Type Category, Source, and Specification
- Main Business/Business Overview
- Geographical Analysis
- Recent Development
- Swot Analysis
- Medtronic
- Zimmer Biomet
- Wright Medical Group N.V.
- GeistlichPharma AG
- Stryker Corporation
- Biobank
- AlloSource
- DePuySynthes, Inc.
- Baxter
- Nuvasive, Inc.
- Orthofix Holdings, Inc.
- TBF Tissue Engineering
- OST Development e
- Smith & Nephew
- Market Research Findings & Conclusion
Disclaimer
Research Methodology
The Market Research Community offers numerous solutions and its full addition in the research methods to be skilled at each step. We use wide-ranging resources to produce the best outcome for our customers. The achievement of a research development is completely reliant on the research methods implemented by the company. We always faithful to our clients to find opportunities by examining the global market and offering economic insights.Market Research Community are proud of our widespread coverage that encompasses the understanding of numerous major industry domains. Company offers consistency in our research report, we also offers on the part of the analysis of forecast across a range of coverage geographies and coverage. The research teams carry out primary and secondary research to carry out and design the data collection methods.