Bone Replacement Market Size, Share and Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2024 – 2032

Bone Replacement Market Size

Bone Replacement Market size is projected to observe substantial growth from 2024 to 2032 driven by the increasing prevalence of osteoarthritis and an increase in sports injuries worldwide. According to American Academy of Pediatrics, over 3.5 million children under 14 are injured while participating in sports and recreational activities each year in the U.S. Out of those, 775,000 children are taken to emergency rooms due to injuries caused by collisions, falls, and excessive exertion.
 

There is rising number of severe sports injuries, and its treatment is often necessary for repairing or healing damaged joints in the ankle, hip, knee, wrist, elbow, and shoulder. Bone replacement procedures fuels the need for bone graft substitutes, including allografts, autografts, and synthetic materials like ceramics. As per NIH, approximately 2.2 million orthopedic procedures including bone grafting are conducted each year worldwide.
 

Bone Replacement Market Trends

As more people participate in activities such as biking, baseball, basketball, skateboarding, ice hockey, snow skiing, and similar activities, it is expected that the demand for bone grafts and substitutes will grow in the next six years. Furthermore, advancements leading to decreasing cost of procedures, shortening recovery time, and improving success rate of bone grafting will favor the market outlook through 2032.
 

Bone Replacement Market Analysis

Ankle & foot replacements segment is slated to generate notable revenues in the forecast period, due to the rise in number of people suffering from osteoporosis, rheumatoid arthritis, and osteoarthritis. Advances in medical technology have made these procedures safer. There has also been a recent increase in the number of ankle and foot injuries that occur in the workplace. 
 

Adoption of advanced systems to improve the outcomes of ankle and foot replacement procedures will fuel market gains. For instance, in 2022, Atlanta-based foot and ankle surgeons performed the first ankle joint replacement using Paragon 28 Apex 3D system which is designed to address the challenges of ankle replacement surgery by using contoured components that help mitigate pain and restore natural motion.

The bone replacement market from the allografts segment is expected to see significant progress between 2023 and 2032, favored by the growing use of these products in orthopedic surgeries.
 

Asia Pacific market is expected to see decent expansion during the forecast period, driven by the rising number of people suffering from arthritis. The surge in the number of road accidents in countries such as India, China, Japan, Indonesia, and Australia have led to an increase in the need for hip and knee replacement surgeries. Unsafe road infrastructure and the common practice of drinking & driving are contributing to this trend. According to the WHO, over 93% of road fatalities worldwide occur in low- and middle-income countries.
 

Bone Replacement Market Players

Prominent companies operating in the global bone replacement industry include NuVasive, Smith & Nephew Plc, Zimmer Biomet, Stryker, B. Braun Melsungen AG, and Medtronic. The industry contenders are undertaking M&A strategies, signing collaboration & partnerships in order to bolster R&D efforts and strengthen their standing in the competitive landscape.
 

Bone Replacement Industry News

• In July 2022, Smith+Nephew, the global medical technology company, announced a robust line-up showcasing several of its advanced joint repair solutions and a wide array of educational activities at American Orthopaedic Society for Sports Medicine (AOSSM) Annual Meeting.

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