The global Bone Grafts and Substitutes Market Size research report offers the definition, market shares, drivers, restraints, opportunities, and challenges in an voluminous format. On the basis of Type, the market is further categorized into based on the regions, the market is distributed into Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa. This markets competitive manufactures and the upcoming manufactures are studied with their research. Revenue, production, price, market share of these players is mentioned with detailed information.
Bone Grafts and Substitutes
Market study offers an exhaustive summary of the vendor landscape, competitive
analysis, and key strategies to gain ruthless advantage. Bone Grafts and
Substitutes Market Forecast provides sizing and growth opportunities. It
provides comprehensive insights on the latest industry trends, forecast, and
growth drivers in the market. it also includes a detailed analysis of growth
drivers, challenges, and investment opportunities and delivers a complete
overview of segments and the regional outlook of the market.
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The global Bone Grafts and
Substitutes Market is set to grow at an exponential rate by the year 2025. Bone
grafts are been increasingly used in oncologic revision prosthetic surgery,
traumatology, bone regeneration, and spine surgery. Orthopedics over several
years have used bone grafts and substitutes for assisting bone repair
surgeries.
“Technological developments
and trends such as stem cell and tissue engineering have demonstrated a huge
potential for augmenting the prevailing performance of bone grafts.
Alternatively, tissue engineering has made it possible to culture cells
identical to the ones found in bone marrow.”
The market is majorly
driven by the rising number of geriatric population all over the world. Ongoing
technological advancements in the medical field has led to a significant shift
from the use of autograft to allograft techniques. In addition, the growing
cases of chronic lifestyle diseases like obesity and diabetes are estimated to
further boost the market expansion.
In terms of bone graft and
substitute type, the market has been segmented into allograft, demineralized
bone matrix, bone morphogenic proteins or BMP, cell-based matrices, machined
allograft, bone graft substitute, and synthetic bone grafts. By application,
spinal fusion, joint reconstruction, dental bone grafting, trauma, and
craniomaxillofacial are the primary classification of the market.
Based on end-user industry,
the global bone grafts & substitutes market has been categorized into
orthopedic clinics, hospitals, and others. Allograft bone is generally
collected from either nonliving donors or living donors (i.e. patients
undergone whole hip replacement surgery) and must be administered for surgery
within a bone tissue bank. The considerable rise in the number of bone tissue
banks is driving the market for allograft substitute type industry.
In order to study the span
of this industry, the global market has been geographically segmented into the
five key regions of North America, Europe, the Asia Pacific, the Middle East,
and Africa, and Latin America. The rise in disposable income and improving
healthcare infrastructure is driving the bone draft and substitutes industry
growth across the developing regions of Asia Pacific and Latin America. North
America and Europe hold the largest market share attributed to the penetration
of major players in these regions.
The competitive landscape
of bone grafts and substitutes market encompasses an array of highly acclaimed
contenders like Arthrex, Inc., Integra Life Sciences Holdings Corporation,
Johnson & Johnson (DePuy Synthes), Musculoskeletal Transplant Foundation,
Stryker Corporation, Wright Medical Group N.V., Baxter International Inc.,
Medtronic Plc., NuVasive, Inc., and Zimmer Biomet Holdings, Inc. among others.
The altering market dynamics can be attributed to major merger and acquisition
activities, collaborations and joint ventures amongst the industry competitors.
The emerging companies have
identified raw material suppliers, buyers, research investors and distributors
of the bone grafts and substitutes industry. The competitors are profiling
their business expansion strategies by incorporating merger & acquisition,
collaborations, and joint ventures with the fellow contenders.
Over the past few years,
considerable improvements have been made in order to realize significant
implications for the future management of bone loss. Future developments have
been projected to be focused on material composition for the delivery of BMPs,
which has determined increased incorporation of stem cell technology. The ideal
bone graft will have similar osteoinductive, osteoconductive and osteogenic
characteristics as an autogenous bone. Considering the changing competitive
dynamics and the current scenario of the industry, it has set the bone grafts
& substitutes market to grow at an exponential rate during the forecast
years.
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