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Bone Grafts and Substitutes Global Market Report 2022

Bone Grafts and Substitutes Global Market Report 2022

  • August 2022
  • 175 pages
  • ID: 6311726
  • Format: PDF
  • The Business Research Company

Summary

Table of Contents

Major players in the bone grafts and substitutes market are Zimmer Biomet Dental, DePuy Synthes, Wright Medical Technology, Medtronic Plc., Stryker Corporation, NuVasive Inc., Arthrex Inc., Integra LifeSciences, Baxter International Inc., Musculoskeletal Transplant Foundation, Bacterin International Holdings, SeaSpine, LifeNet Health, AlloSource, DePuySynthes Inc., Biobank, GeistlichPharma AG, Smith & Nephew, OST Devloppement, Orthofix Holdings Inc., and TBF Tissue Engineering.

The global bone grafts and substitutes market is expected to grow from $2.69 billion in 2021 to $2.93 billion in 2022 at a compound annual growth rate (CAGR) of 8.6%. The bone grafts and substitutes market is expected to reach $3.58 billion in 2026 at a CAGR of 5.2%.

The bone grafts and substitutes market consists of sales of bone grafts and substitutes by entities (organizations, sole traders, and partnerships) that are used to replace and regenerate the lost bone, and can also restore proper facial contour.Bone grafts and substitutes refer to a procedure in which bone defects are filled with bone grafts or with bone graft substitutes.

Bone abnormalities that necessitate bone grafting are common in trauma and orthopedic operations.Bone grafting can be described as the envelopment and interdigitation of the donor bone tissue with the new bone deposited by the recipient.

It is versatile, which replaces the lost bone tissue and enhances bone growth using natural mechanisms.

The main types of bone grafts and substitutes are allografts, synthetics, composites, polymers, bone morphogenic proteins (BMP), and others.Allograft bone grafts and substitutes refer to a tissue graft from a donor of the same species as the recipient.

Allografts are commonly used in spinal fusion surgery. The various applications include spinal fusion, trauma, craniomaxillofacial, joint reconstruction, dental bone grafting, and others, which are used by several end users such as hospitals, surgical centres, clinics, and others.

North America was the largest region in the bone grafts and substitutes market in 2021. The regions covered in the bone grafts and substitutes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The bone grafts and substitutes market research report is one of a series of new reports that provides bone grafts and substitutes market statistics, including bone grafts and substitutes industry global market size, regional shares, competitors with a bone grafts and substitutes market share, detailed bone grafts and substitutes market segments, market trends and opportunities, and any further data you may need to thrive in the bone grafts and substitutes industry. This bone grafts and substitutes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

The rise in the incidence of musculoskeletal disorders such as osteoporosis and tendonitis is expected to propel the growth of the bone grafts and substitutes market going forward.Musculoskeletal disorders are some types of injuries and disorders that affect the human body’s movement and musculoskeletal system.

These cause disorders in muscles, nerves, tendons, joints, cartilage, and spinal discs.As a result, due to an increase in musculoskeletal disorders, to an increase in demand for bone grafts and substitutes market.

For instance, in March 2022, according to a Pediatric Orthopedic Consultant at Indian Spinal Injuries Centre, Delhi, there was a 50% rise in Pediatric Orthopaedic Cases due to poor posture of students during online classes.Also, in 2020, according to the report by Cleveland Clinic, a US-based medical service provider, about 200 million people had osteoporosis throughout the world and 54 million people were suffering from it in the US.

Therefore, the increasing the growth of incidence of musculoskeletal disorders helps to increase the demand for bone grafts and substitutes market.

New product innovations have emerged as the key trend gaining popularity in the bone grafts and substitutes market.Major companies operating in the bone grafts and substitutes market are focused on product innovations to meet consumer demand.

For instance, in July 2021, Orthofix, a US-based company that manufactures bone graft devices, launched a new fiber bone-graft strip called the Orthofix fiberFUSE Strip, a sophisticated demineralized bone graft solution including cancellous bone.The utilization of Novel Fibers Strip is a great bone-graft strip for posterior cervical, posterior lumbar, and degenerative spinal surgery prevention.

The fiberFuse Strip comprises mineralized cancellous and demineralized cortical bone fibers, which are used in the healing of bones.

In March 2020, Orthofix International N.V, a US-based medical device company acquired the FITBONE lengthening system from Wittenstein SE for an undisclosed amount. Through this acquisition, Orthofix becomes the only orthopedic company that offers a comprehensive portfolio of internal and external fixation solutions for limb reconstruction. Wittenstein SE is a Germany-based company that manufactures products for bone grafts and substitutes.

The countries covered in the bone grafts and substitutes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

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