Thus, the number of orthopedic surgeries is expected to grow with rising geriatric population who is more prone to orthopedic ailments. Thus, the market is anticipated to witness a significant demand during the forecast period. However, risk of disease transmission and immune response are major factors challenging market growth. In addition, high cost of advanced products and stringent regulatory pathway involved are further limiting market development. Furthermore, ethical issues associated with bone harvesting are restraining market growth in some regions.
Based on material, the market is segmented into natural and synthetic. The natural segment is further segmented into autografts and allografts. The allografts segment includes demineralized bone matrix and others, whereas the synthetic segment is further broken down into ceramic, composite, polymers, and Bone Morphogenic Proteins BMP.
Increasing prevalence of orthopedic diseases and growing awareness regarding various applications of bone graft substitutes are expected to boost segment growth. The natural segment led the global bone grafts and substitutes market owing to availability of safety and risk data. Autografts are considered as a gold standard for bone grafting procedures owing to lower risk of immune response and disease transmission.
However, wounds at bone harvesting and grafting sites prolong healing process and result in longer hospital stay. Healthcare facilities are actively adopting novel methods to reduce hospital stay. Thus, disadvantages associated with autografts are driving the adoption of allografts and synthetic grafts. In addition, products with natural origin and osteoconductive and osteoinductive properties are commercially available. Therefore, growth of the autografts segment is anticipated to be limited during the forecast period.
Adoption of allografts over autografts is swiftly increasing owing to properties such as immediate structural support and osteoconductivity.
Moreover, allografts do not require another surgery to harvest the bone, which results in reduced surgery time and wound healing. Thus, the growth of this segment is higher. Major applications include craniomaxillofacial, dental, foot and ankle, joint reconstruction, long bone, and spinal fusion. Improving reimbursement coverage and presence of a large geriatric patient population are some of the factors supporting market growth. Spinal fusion accounts for the largest revenue share.
Spinal fusion is a procedure used to correct defects in small bones vertebrae in the spine. It is primarily used for immobilization of spinal column. The total number of spinal fusion procedures performed in the age group of 45 to 65 years were 1,95, in , as per CDC. Rising geriatric population, which is more prone to spondylolisthesis and degeneration of disc, and increasing number of trauma cases due to road accidents and sports injuries are driving the product demand in this segment.
North America captured the largest revenue share in High awareness regarding the commercially available products, higher healthcare expenditure, and availability of advanced healthcare infrastructure are the major factors contributing toward its growth. Developing economies in Asia Pacific, such as China, Japan, India, and Hong Kong, are expected to contribute to the market growth in the region.
Booming medical tourism industry offering advanced healthcare services at affordable costs is the key factor driving the market in Asia Pacific. Most of these key companies adopt strategies such as partnerships, collaborations, mergers and acquisitions to strengthen their market position. Get more information on this report : Request Sample Pages.
The growth of the global bone grafts and substitutes market is driven by factors such as rise in incidence of musculoskeletal disorders, development of biocompatible synthetic bone grafts, technological advancements in medical field leading to a shift from autograft to allograft, and increase in demand for dental bone grafts. However, high cost of surgeries and ethical issues related to bone grafting procedures are anticipated to limit the market growth. Bone Grafts and Substitutes Market Segmentation. The global bone grafts and substitutes market is segmented on the basis of product, application, and region.
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Based on product, the market is segmented into allografts, bone graft substitutes, and cell-based matrices. The allografts are further bifurcated into machined allografts and demineralized bone matrix. The bone graft substitutes segment is further classified into bone morphogenic proteins BMP and synthetic bone grafts.
The applications covered in the study include spinal fusion, trauma, craniomaxillofacial, joint reconstruction, and dental bone grafting. Regionally, the market is analyzed across North America U. According to AMR analysis, bone graft substitutes segment is expected to dominate the market during the forecast period.
This is attributed to increase in prevalence of bone and joint disorders. In addition, these bone graft substitutes are used in varied applications such as bone replacement, posttraumatic skeletal conditions, and other bone-related problems. Moreover, advancements in bone graft materials and development of innovative products have fueled the market growth. The need of bone grafts for spinal fusion has been increasing significantly, owing to rise in incidence of spinal disorders and presence of a wide range of products for spinal fusion. Bone grafts and substitutes such as demineralized bone matrix and tricalcium phosphate are used as graft extenders that have capability of replacing need of autograft in spinal fusion.
Autografts are best suited grafts for spinal fusion; however, the risk of chronic pain reduces their usage to a certain extent. Moreover, rise in incidence of patients suffering from rheumatoid arthritis, osteoarthritis, and other joint disorders has fueled the demand for joint reconstruction procedures. Availability of specialized products such as vascularized free bone grafts and structural bone grafts, including femoral head grafts have further increased the usage of bone grafts in joint reconstruction applications.
Increase in incidence of orthopedic disorders coupled with rapid growth in geriatric population drives the growth of the bone grafts and substitutes market in the LAMEA region. However, the countries in Latin America have low gross income, therefore do not spend on the development of new methods and devices for the diagnosis and treatment of orthopedic disorders.
Nevertheless, the market growth is driven by improving healthcare infrastructure coupled with rise in disposable income.
Biodegradable Bone Graft Polymers Market Current and Future Industry Trends, –
Moreover, lack of healthcare facilities and increase in need for treatment devices for orthopedic disorders have increased the penetration of major players in the Middle East region. The key players profiled in this report include Arthrex, Inc. Report description 1. Key benefits 1. Key market segments 1. Research methodology. Secondary research 1. Primary research 1. Analyst tools and models. Key findings of the study 2. CXO perspective. Market definition and scope 3. Key findings. Top investment pockets 3. Top winning strategies. Market share analysis, 3.
Market dynamics. Increasing incidences of musculoskeletal conditions 3. Technological advancements in medical devices leading to a shift from autograft to allograft 3. Development of biocompatible synthetic bone grafts 3. Obesity and diabetes to increase the risk of degenerative joint diseases. High cost of surgeries 3. Ethical issues related with bone grafting procedures. Emerging markets to offer lucrative growth opportunities.
Government Regulations. FDA 3. Health Canada 3. CE Mark 3. Reimbursement Scenario. Europe 3. Asia-Pacific 3. Market size and forecast. Key market trends 4. Key growth factors and opportunities 4. Market size and forecast, by type 4. Market size and forecast, by region 4. Market analysis, by country 4. Machined Allografts. Bone Graft Substitutes.
Market size and forecast 4. Synthetic Bone Grafts. Key growth factors and opportunities. Cell based matrices-major products. Market size and forecast, by country 4. Market analysis, by country. Spinal Fusion. Market size and forecast, by region 5. Craniomaxillofacial Surgery. Joint Reconstruction. Market size and forecast 5. Dental Bone Grafting. North America. Key market trends 6. Key growth factors and opportunities 6. Market size and forecast, by country. Bone Grafts and Substitutes Market by Type 6. Bone Grafts and Substitutes Market by Application.
Market size and forecast, by type 6.
Market size and forecast, by application. Rest of Europe. Japan Bone grafts and substitutes market, by type 6. Japan Bone grafts and substitutes market, by application. China Bone grafts and substitutes market, by type 6. China Bone grafts and substitutes market, by application. India Bone grafts and substitutes market, by type 6. India Bone grafts and substitutes market, by application.
Australia Bone grafts and substitutes market, by type 6. Australia Bone grafts and substitutes market, by application. South Korea. South Korea Bone grafts and substitutes market, by type 6. South Korea Bone grafts and substitutes market, by application. Rest of Asia-Pacific.
Current Trends in Bone Grafting
Rest of Asia-Pacific Bone grafts and substitutes market, by type 6. Rest of Asia-Pacific Bone grafts and substitutes market, by application. Asia-Pacific Bone grafts and substitutes market, by type 6. Asia-Pacific Bone grafts and substitutes market, by application.