Bone Grafts Substitutes Market to Reach US$ 3.5 million by 2030

13  Download (0)

Full text

(1)

© Statsville Consulting Private Limited www.marketstatsville.com | [email protected] | +1 (646) 663-5829 | +91-702-496-8807

Bone Grafts Substitutes Market Report Opportunities, and Forecast By 2030

Market Research Report

EXCLUSIVE EDITION

Global Industry Analysis, Forecast and Trends, 2022-2030

(2)

© Statsville Consulting Private Limited www.marketstatsville.com | [email protected] | +1 (646) 663-5829 | +91-702-496-8807

Bone Grafts Substitutes Market

© 2020 Statsville Consulting Private Limited

Market Statsville Group (MSG)

A part of Statsville Consulting Private Limited

American Office – 800 Third Avenue Suite A #1519 New York, NY 10022

EMEA – 1165 Budapest 16 Diósy Lajos u. 24., Europe

Asia-Pacific Office – F-178 Subhash Marg C Scheme, Ashok Nagar, Jaipur, Rajasthan, 302001

www.marketstatsville.com

Disclaimer: Any information and/or material provided by Statsville Consulting Private Limited, including any and all the analysis and/or research from Market Statsville Group (MSG), is offered to a selected group of customers in response to orders for such information, material, analysis, and/or research. As a customer of Statsville Consulting, you acknowledge that our information, material, and/or services are for your internal use only, and not for any external use and/or dissemination, or general publication, and/or disclosure to any third parties. Any and all the information and/or material provided by Statsville Consulting are based on primary interviews and/or secondary research, and are, therefore, subject to fluctuation and variance. Statsville Consulting takes no responsibility for any incorrect information and/or material supplied to us by sources we rely on, and no part of our analysis or research may be given, lent, resold, or disclosed to any third parties, including non-customers, without explicit or written permission from Statsville Consulting. Unauthorized reproduction and/or transmission of our information, material, analysis, and/or research in any form and by any means, including photocopying, mechanical/electronic recording, or otherwise, without the explicit and written permission of Statsville Consulting, is expressly and clearly prohibited.

Any use of the information, material, analysis, and/or research provided by Statsville Consulting is at your sole risk; you acknowledge that the information, material, analysis, and/or research is provided “as is” and that Statsville Consulting provides no warranty of any kind, express or implied, with regard to the information, material, analysis, and/or research, including but not limited to, merchantability and fitness for any purpose and/or use. At the end, Statsville Consulting will be responsible for the final decision of any action.

(3)

© Statsville Consulting Private Limited www.marketstatsville.com | [email protected] | +1 (646) 663-5829 | +91-702-496-8807

ABOUT MARKET STATSVILLE GROUP (MSG)

Market Statsville Group (MSG) partners with companies and society to confront their essential risks and challenges to capture the enormous opportunities for them. MSG was initiated its working in 2017, and since then, the brand is moving to become a pioneer in business advisory and market research services.

Market Statsville is the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in the form of market sizing, analysis, and incisive business insights. MSG experienced research analysts are proficient at digging deep and providing a variety of customizable data that help you make decisions with clarity, confidence, and impact.

Market Statsville is your global data intelligence partner for reliable market research data, data gathering, and analytical services. MSG also has an extensive network of top-flight domestic and global research personals around the world, enabling us to provide high-quality worldwide research solutions that cater to a well-established company, government organizations, or a startup. MSG's clients have the authority to work directly with one or more of our researchers to gather the most useful data knowledge and analytical plan to formulate it in the actual practice.

Market Statsville Group believes that to succeed, companies or individuals must blend digital and human capabilities most efficiently. MSG diverse and experienced global team of business consultants and market researchers will ensure the valuable reports for our clients through digging in-depth market information and functional expertise to continuously spark the changes and real-time valuation of variation in the market/industry. MSG works in a uniquely collaborative model throughout the business process across the globe to assist the client's company with the most accurate information that they are aiming for in the reports.

(4)

© Statsville Consulting Private Limited www.marketstatsville.com | [email protected] | +1 (646) 663-5829 | +91-702-496-8807

Our research is an optimum culmination of secondary and primary research, with the latter playing a major role. We also have an in-house repository and access to a number of external regional and global paid databases to help address specific requirements of our clients. The research process begins with a holistic secondary research, followed by expert interviews. The information gathered is then comprehensively analyzed by our highly experienced in-house research panel

RESEARCH PROCESS

(5)

© Statsville Consulting Private Limited www.marketstatsville.com | [email protected] | +1 (646) 663-5829 | +91-702-496-8807

Bone Grafts Substitutes Market Share 2022 COVID-19 Impact and Regional Outlook 2030

Bone Grafts Substitutes Market by Product (Allografts, Bone Grafts Substitutes, and Cell-Based Matrices), by Application (Spinal Fusion, Trauma, Craniomaxillofacial, Joint Reconstruction, and Dental Bone Grafting), by Region – Global Share and Forecast to 2030

Description

According to the Market Statsville Group (MSG), the global bone grafts & substitutes market was valued at USD 2.5 billion in 2021 and is projected to reach USD 3.5 million by 2030, registering a CAGR of 4.3% from 2022 to 2030. The bone grafts are used in surgical procedures such as spinal fusion surgeries, bone replacement, new bone formation, and repair of bone fractures. Moreover, bone grafting has applications in treating various bone-related disorders such as congenital pseudoarthrosis, dental bone grafting problems, and complex

fractures. Allografts, synthetic bone grafts, and demineralized bone matrix are the most commonly used bone grafts worldwide.

(6)

© Statsville Consulting Private Limited www.marketstatsville.com | [email protected] | +1 (646) 663-5829 | +91-702-496-8807 6

The global bone grafts substitute market is projected to be driven by urbanization and rapid industrialization growth. This has eventually led to an increase in waste volume from the industrial and municipal

sectors. Additionally, the rise in environmental awareness and stringent government norms has led to an increase in planned collection and waste disposal. Moreover, the growth in focus for the smart city initiatives across developed and developing countries is anticipated to enhance the global bone grafts substitutes market’s growth in the coming years.

The rise in incidences of musculoskeletal disorders, development of biocompatible synthetic bone grafts, and technological advancements in the medical field leading to a shift from autograft to allograft drive the growth of the bone grafts & substitutes market. For instance, as per the data published by World Health Organization

(WHO), in 2021, musculoskeletal conditions are the prominent contributors to disability globally, with low back pain being the single primary cause of disability in 160 countries or early deaths.

However, the high cost of surgeries, ethical issues related to bone grafting procedures, and the negative impact of COVID-19 are anticipated to limit the market growth. However, the increase in focus of key players toward R&D activities for bone grafts & substitute products has increased the demand for bone graft procedures among the geriatric population. These are expected to provide lucrative opportunities for the market players during the forecast period.

Request Sample Copy of this Report:https://www.marketstatsville.com/request-sample/bone-grafts- substitutes-market

(7)

© Statsville Consulting Private Limited www.marketstatsville.com | [email protected] | +1 (646) 663-5829 | +91-702-496-8807 7

Global Bone Grafts Substitutes Market Definition

Bone grafts are implantable materials that promote bone healing through its osteoconductive, osteogenic, and osteoinductive mechanisms.

Global Bone Grafts Substitutes Market Dynamics

Drivers: Development of biocompatible synthetic bone grafts

Biocompatible bone grafts do not face problems of rejection from a host in which it has been incorporated.

Hence, the development of biocompatible synthetic bone grafts is one of the major trends observed in the market. However, the development of biocompatible bone graft materials has reduced such failures and enhanced the normal bone formation rate in the hosts.

Moreover, biocompatible bone grafts have provided an excellent substitute for autogenous bone grafts.

Moreover, the rise in demand for biocompatible grafts has increased the interest and efforts of companies in developing comprehensive orthobiologic platforms.

Restraints: Ethical issues related with bone grafting procedures

Bone grafting involves using allografts and xenografts, which are transplanted from another donor of the same or different species and generally obtained from human and animal cadavers. The refusal rate for allograft grating procedures is observed at a high rate due to related ethical issues. For instance, some countries do not support the use of allografts from cow and pigs. Moreover, certain patients do not accept allografts from human remains.

(8)

© Statsville Consulting Private Limited www.marketstatsville.com | [email protected] | +1 (646) 663-5829 | +91-702-496-8807 8

Opportunities: Government Regulations

Governments and regulatory bodies play an important role to accelerate or inhibit the growth of any market.

Every country has its own regulatory bodies with different regulations for food products, drugs, biologics, cosmetics, medical devices, and other human health-related products. Moreover, medical devices are specialized equipment that need government approval for their commercialization.

Obtaining an approval is a time-consuming and expensive process, and is one of the major factors that impacts the market growth. Currently, bone grafts & substitutes are approved and marketed in the U.S. (FDA), Canada (Health Canada), Europe countries (CE mark), Japan (MHLW), and Australia (TGA).

Scope of the Global Bone Grafts Substitutes Market

The study categorizes the bone grafts substitutes market based on product and application at the regional and global levels.

Direct Purchase Report: https://www.marketstatsville.com/buy-now/bone-grafts-substitutes- market?opt=2950

By Product Outlook (Sales, USD Billion, 2017-2030)

•Allografts

•Machined Allografts

•Demineralized Bone Matrix

•Bone Grafts Substitutes

•Bone Morphogenic Proteins (BMP)

•Synthetic Bone Grafts

•Cell-Based Matrices

(9)

© Statsville Consulting Private Limited www.marketstatsville.com | [email protected]tsville.com | +1 (646) 663-5829 | +91-702-496-8807 9

By Application Outlook (Sales, USD Billion, 2017-2030)

•Spinal Fusion

•Trauma

•Craniomaxillofacial

•Joint Reconstruction

•Dental Bone Grafting

By Region Outlook (Sales, USD Billion, 2017-2030)

•North America

•US

•Canada

•Mexico

•Europe

(10)

© Statsville Consulting Private Limited www.marketstatsville.com | [email protected] | +1 (646) 663-5829 | +91-702-496-8807 10

Germany

Italy

France

UK

Spain

Poland

Russia

The Netherlands

Norway

Czech Republic

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

Indonesia

Malaysia

Thailand

Singapore

Australia & New Zealand

Rest of Asia Pacific

South America

Brazil

Argentina

Colombia

Rest of South America

The Middle East & Africa

Saudi Arabia

UAE

South Africa

Northern Africa

Rest of MEA

The bone grafts substitutes segment accounts for the largest market share, by product

(11)

© Statsville Consulting Private Limited www.marketstatsville.com | [email protected] | +1 (646) 663-5829 | +91-702-496-8807 11

Access full Report Description, TOC, Table of Figure, Chart, etc: https://www.marketstatsville.com/table-of- content/bone-grafts-substitutes-market

By product, the market is further segmented into

allografts, bone graft substitutes, and cell-based matrices.

In 2021, bone grafts substitutes was the highest

contributor to the market. The surge in need for bone grafting procedures has led to the development of several bone graft substitutes. Various types of bone graft

substitutes are available in the market. These include calcium phosphate, calcium sulfate, collagen-based matrices, hydroxyapatite, tricalcium phosphate, and osteoinductive proteins.

Bone grafts have also emerged as a solution to all

musculoskeletal disorders with the emerging medical technologies. The key players have started laying their efforts in the R&D of bone grafts substitutes to meet the increased demands for bone grafts due to the rise in prevalence of bone and joint disorders.

Asia Pacific accounts for the highest CAGR during the forecast period

(12)

© Statsville Consulting Private Limited www.marketstatsville.com | [email protected] | +1 (646) 663-5829 | +91-702-496-8807 12

Based on the regions, the global bone grafts substitutes market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. Globally, Asia Pacific is projected to hold the

highest CAGR of 6.3% in the global bone grafts substitutes market during the forecast period. The countries considered in the study include Japan, India, China, Australia, South Korea, and the Rest of Asia-Pacific. Japan accounts for the largest share in the bone graft & substitutes market, followed by China.

Synthetic bone graft substitute products are anticipated to be the most-used bone graft substitute material in the Asia-Pacific market throughout the analysis period owing to their proven benefits in patients’ medical history and relatively lower pricing. In addition, the adoption of allografts and BMP is expected to increase in the region with the recent approvals by regulatory agencies in the countries such as Australia and China. The increase in the overall healthcare spending in the Asia-Pacific countries, such as India and China, is expected to boost the market growth in this region.

Request For Report Description: https://www.marketstatsville.com/bone- grafts-substitutes-market

(13)

800 Third Avenue Suite A #1519 New York, NY 10022

Phone : +1 (646) 663-5829

Mail : [email protected]

F-178 Subhash Marg C Scheme, Ashok Nagar, Jaipur, Rajasthan, 302001

Phone : +91 702 496 8807

Mail : [email protected]

Market Statsville Group (MSG)

Thank You

Figure

Updating...

References

Related subjects :