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Bone Graft Substitutes Market Analysis

  • Report ID: GMI7993
  • Published Date: Jan 2024
  • Report Format: PDF

Bone Graft Substitutes Market Analysis

Based on material type, the market size from the allograft segment is poised to expand at 6.4% CAGR from 2024 to 2032. This growth is fueled by wide utilization of allografts in orthopedic procedures particularly for their compatibility and effectiveness in promoting bone regeneration. Surgeons are increasingly relying on these grafts to address various skeletal defects and injuries for leveraging their proven track record in enhancing patient outcomes. R&D efforts will persist in refining allograft products to ensure they remain a cornerstone in the orthopedic arsenal for bone repair and reconstruction.

 

Bone Graft Substitutes Market, By Application (2023)

In terms of application, the spinal fusion segment of the bone graft substitutes market is set to reach over USD 2.7 billion by 2032. This can be attributed to rising adoption among surgeons to offer efficacy in promoting bone growth and reducing complications. Ongoing research is helping to enhance the biocompatibility and fusion rates of these substitutes for ensuring better outcomes for patients undergoing spinal surgery. Additionally, spinal fusion procedures will likely see further refinement with substitutes of bone graft for playing an integral role in improving outcomes and patient satisfaction.
 

On the basis of end-use, the hospitals segment is predicted to witness 6.5% CAGR through 2032. Hospitals are employing various bone graft substitutes that are continuously being developed and tested. These substitutes help in enhancing bone regeneration and repair. Researchers are also continually refining existing materials and exploring innovative solutions. Subsequently, hospitals are integrating advanced biocompatible materials and utilizing cutting-edge techniques for bone grafting procedures. The ongoing R&D for promising more effective and accessible treatments for patients in need of bone repair will add to the segment growth.
 

North America Bone Graft Substitutes Market, 2020 – 2032 (USD Billion)

North America bone graft substitutes market size is expected to record 6.1% CAGR through 2032 due to the increasing preference for minimally invasive surgeries. Medical technology advancements are continuously improving the efficacy and safety of these procedures in the region. Surgeons are increasingly relying on innovative techniques and materials for bone grafting, leading to better patient outcomes. Moreover, developments in medical technology are further enhancing the capabilities of bone graft substitutes and making minimally invasive surgeries even more accessible and effective for patients across North America.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global bone graft substitutes market was valued at over USD 3 billion in 2023 and is estimated to expand at 6.6% CAGR from 2024 to 2032 due to the rising incidence of orthopedic conditions worldwide.

The allograft segment in the bone graft substitutes market is poised to expand at 6.4% CAGR from 2024 to 2032, fueled by wide utilization in orthopedic procedures particularly for their compatibility and effectiveness in promoting bone regeneration.

North America Bone Graft Substituents Market is expected to record 6.1% CAGR through 2032 due to the increasing preference for minimally invasive surgeries and rapid advancements in medical technology.

AlloSource, Baxter International Inc., DePuy Synthes (Johnson & Johnson Inc.), Geistlich Pharma AG, Medtronic plc, NuVasive, Inc., Orthofix US LLC., OST Laboratories, Smith + Nephew, Stryker Corporation and Zimmer Biomet Holdings, Inc.

Bone Graft Substitutes Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 11
  • Tables & Figures: 331
  • Countries covered: 22
  • Pages: 160
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