Bone Grafts & Substitutes Market Size & Share, Sector / Industry Report & Analysis, 2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Bone Grafts & Substitutes Market


The global bone grafts and substitutes market size was valued at USD 2.4 billion in 2016 and is expected to register a CAGR of 5.5% over the forecast period. Growing target population base is driving market growth. 
In addition, availability of advanced products in a variety of shapes and sizes providing high osteoconductive and osteoinductive properties is supporting its demand. Constantly rising geriatric population is one of the primary factors responsible for increased cases of osteoarthritis and lower of bone density. Furthermore, a paradigm shift toward minimally invasive procedures is augmenting market growth globally.
 
Bone grafts and substitutes are widely used in orthopedic surgeries for numerous applications. Rising cases of orthopedic problems casued due to weakened bones is projected to fuel demand. According to the Department of Economic and Social Affairs, United Nations, Population Division, the number of people aged over 60 was 841 million in 2013 and is expected to reach 2 billion in 2050. Thus, the number of orthopedic surgeries is expected to grow with rising geriatric population who is more prone to orthopedic ailments. Thus, the market is anticipated to witness a significant demand during the forecast period.
However, risk of disease transmission and immune response are major factors challenging market growth. In addition, high cost of advanced products and stringent regulatory pathway involved are further limiting market development. Furthermore, ethical issues associated with bone harvesting are restraining market growth in some regions.

Market Segmentation, Outlook & Viewpoint: Global Bone Grafts & Substitutes Market


Material Type Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

Natural

Autografts

Allografts

Demineralised Bone Matrix

Others



Synthetic

Ceramic

Composite

Polymer

Bone Morphogenetic Proteins (BMP)



Application Type Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

Spinal Fusion

Dental

Joint Reconstruction

Craniomaxillofacial

Foot and Ankle

Long Bone


Key Players, Recent Developments & Regional Insights: Global Bone Grafts & Substitutes Market


Major applications include craniomaxillofacial, dental, foot and ankle, joint reconstruction, long bone, and spinal fusion. Improving reimbursement coverage and presence of a large geriatric patient population are some of the factors supporting market growth.
 
Spinal fusion accounts for the largest revenue share. Spinal fusion is a procedure used to correct defects in small bones (vertebrae) in the spine. It is primarily used for immobilization of spinal column. The total number of spinal fusion procedures performed in the age group of 45 to 65 years were 1,95,235 in 2012, as per CDC. Rising geriatric population, which is more prone to spondylolisthesis and degeneration of disc, and increasing number of trauma cases due to road accidents and sports injuries are driving the product demand in this segment.

Regional Insights
North America captured the largest revenue share in 2016. High awareness regarding the commercially available products, higher healthcare expenditure, and availability of advanced healthcare infrastructure are the major factors contributing toward its growth. U.S., in particular, is leading the global market by generating the maximum product demand on account of high prevalence of orthopedic diseases and trauma-related injuries.
Developing economies in Asia Pacific, such as China, Japan, India, and Hong Kong, are expected to contribute to the market growth in the region. Booming medical tourism industry offering advanced healthcare services at affordable costs is the key factor driving the market in Asia Pacific.
Bone Grafts and Substitutes Market Share Insights
Some of the key market players are DePuy Synthes; Medtronic PLC; Nuvasive, Inc.; Orthofix Holdings, Inc.; Wright Medical Group N.V.; AlloSource, Inc.; and Stryker Corp. Most of these key companies adopt strategies such as partnerships, collaborations, mergers and acquisitions to strengthen their market position. New product development and launch is also one of the commonly adopted strategies.
For instance, in August 2017, AlloSource, Inc. introduced a new product—AlloFuse Select CM—an addition to the AlloFuse product line. The AlloFuse line extension was launched with the aim to enhance AlloFuse portfolio of demineralized bone fiber, putty, and gel allografts and to provide surgeons with premium AlloSource cellular allografts to meet various needs of patients.

Key Insights Covered: Global Bone Grafts & Substitutes Market
1.  North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Bone Grafts & Substitutes industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Bone Grafts & Substitutes industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Bone Grafts & Substitutes industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Bone Grafts & Substitutes industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Bone Grafts & Substitutes industry.

Research Methodology: Global Bone Grafts & Substitutes Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other