SAN FRANCISCO, Feb. 19, 2020 /PRNewswire/ — The global bone grafts & substitutes market size is expected to reach USD 3.54 billion by 2026, according to a new report by Grand View Research, Inc. The market is expected to register a healthy CAGR of 4.1% during the forecast period. The availability of advanced products in varied shapes and sizes providing high osteoconductive and osteoinductive properties is supplementing market growth. In minimally invasive procedures, large incisions and damage to muscles surrounding repair area can be significantly avoided. These techniques also reduce the duration of hospital stay and support rapid wound healing with lesser pain and surgical wounds. Thus, rising adoption of bone graft and substitutes in minimally invasive surgical procedures is further anticipated to boost market growth in near future.
Key suggestions from the report:
- Increasing number of orthopedic surgeries and rising demand for minimally invasive surgeries are primary factors driving the growth
- By product type, allografts accounted for the largest revenue share as of 2018 in bone grafts & substitutes market, mainly due 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, attributing toward segment growth
- Spinal segment held the largest share of the application segment in 2018 owing to the increasing geriatric population and growing number of spinal disorders.
- The dental segment is expected to exhibit the fastest growth over the forecast period owing to the increasing number of dental implant surgeries and technological advancements in dental grafts.
- The U.S. held dominant revenue share of North American market in 2018, owing to rising traumatic injuries, adoption of bone grafts, and number of orthopedic & minimally invasive surgical procedures
- Key players in the market include DePuy Synthes; Medtronic PLC; Nuvasive, Inc.; Orthofix Holdings, Inc.; Wright Medical Group N.V.; AlloSource, Inc.; and Stryker Corp.
Read 126 page research report with ToC on “Bone Grafts And Substitutes Market Size, Share & Trends Analysis Report By Material Type (Allograft, Synthetic), By Application Type (Spinal Fusion, Craniomaxillofacial, Long Bone), By Region, And Segment Forecasts, 2019 – 2026” at: https://www.grandviewresearch.com/industry-analysis/bone-grafts-substitutes-market
Minimally invasive total joint replacement and spine surgeries are some of the newly adopted procedures. Moreover, increasing adoption of synthetic bone grafts due to lesser chance of disease transmission is propelling the growth. Key companies operational in the bone grafts and substitutes market space are DePuy Synthes; Medtronic PLC; NuVasive, Inc.; Orthofix Holdings, Inc.; Wright Medical Group N.V.; AlloSource, Inc.; and Stryker Corp.
Grand View Research has segmented the global bone grafts & substitutes market based on product, application, and region:
- Bone Grafts & Substitutes Product Outlook (Revenue, USD Million; 2014 – 2026)
- Allografts
- Demineralized Bone Matrix
- Others
- Synthetic
- Ceramic
- HAP
- ß-TCP
- α-TCP
- bi-phasic calcium phosphates (BCP)
- Others
- Composite
- Polymer
- Bone Morphogenetic Proteins (BMP)
- Bone Grafts & Substitutes Product Application Outlook (Revenue, USD Million; 2014 – 2026)
- Craniomaxillofacial
- Dental
- Foot and Ankle
- Joint Reconstruction
- Long Bone
- Spinal Fusion
- Bone Grafts & Substitutes Product Regional Outlook (Revenue, USD Million; 2014 – 2026)
- North America
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- South Korea
- Latin America
- Middle East & Africa
- South Africa
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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SOURCE Grand View Research, Inc.
