Bone Graft Substitute Market Size, Share, Growth, Opportunities, Trends, Analysis and Forecast 2027

As per the Market Research Future (MRFR)'s analysis, the Bone Grafts and Substitutes Market is slated to acquire a market value of USD 5.01 billion while flourishing at a CAGR of 6.52% by 2027.

Market Dynamics

The rising number of cases of bone and joint disorders has been identified as a significant factor that could boost market growth during the forecast period. The market is expected to grow due to rising acceptance of dental bone grafts and ongoing technological advancements. In the coming years, the increasing demand for high-quality musculoskeletal function among the geriatric population is expected to significantly boost the market. In the coming years, the launch of biocompatible synthetic bone grafts, as well as ongoing technological advancements in the field, are expected to provide a variety of market expansion opportunities. Furthermore, key players' increased emphasis on R&D activities is expected to provide multiple opportunities for market growth over the forecast period.

During the forecast period, the costs associated with surgery are likely to serve as a stumbling block to market development. In the coming years, the risks and complications associated with bone grafting procedures are expected to present a major challenge to the industry. The pandemic has had an effect on the global market for bone graft replacements, resulting in short-term negative development due to clinic closures. The restricted access to clinics and the enforced lockdowns in different parts of the world have had a negative effect on the demand for bone substitutes.

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Key Players

Prominent players in the global Bone Graft Substitute market include Medtronic, AlloSource, Zimmer Biomet Holdings Inc, Stryker, Smith & Nephew, Johnson & Johnson Services Inc, Baxter International Inc, Integra Lifesciences Holdings Corporation, Orthofix Holdings Inc, Geistlich Pharma, SeaSpine.

Segmental Analysis

The type-based segments of the global market for bone graft substitutes are bone morphogenetic protein, demineralized bone matrix, and autograft, synthetic bone grafts. Among all, the autograft segment is likely to lead the industry during the review timeframe.

The application-based segments of the global market for bone graft substitutes are joint reconstruction, dental, spinal fusion, long bone, foot & ankle.

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Regional Analysis

Because of its advanced healthcare system, North America is expected to dominate the global demand for bone graft replacements during the forecast era. By 2027, the market is expected to expand at a CAGR of 6.1 percent. Other important factors that are expected to influence regional trade during the assessment period include growing consumer awareness of available goods and the health-care spending. Because of the product demand and the cases of orthopedic ailments, the US is expected to generate the most revenue, thereby increasing the regional bone graft market size.

During the assessment era, Europe is expected to expand. The ongoing advancement in orthopedic sciences is expected to be a major factor driving the regional market in the coming years. Growing understanding of bone graft replacements and rising healthcare costs are expected to propel Europe's growth rate to 6.7 percent during the review period. Countries like the United Kingdom and Germany are expected to contribute significantly to the development of the regional sector, which will support the industry.

Because of the presence of emerging economies such as India, China, and Japan, APAC is expected to grow at a CAGR of 6.85 percent during the review period. The growth of the region can be attributed to rising tourism and favorable government initiatives in various countries. Furthermore, market growth is expected to be fueled by the growing geriatric population and rising healthcare expenditures during the review period. Stringent regulatory guidelines, on the other hand, limit adoption in a few countries, which could stymie market growth during the forecast period.

Because of the growing initiatives taken by Middle Eastern countries to improve their healthcare infrastructure, MEA is expected to expand significantly during the review period. Due to their economic stability, Middle Eastern countries such as the UAE and Kuwait are expected to make a significant contribution to the regional market's strengthening. However, due to weak economic conditions, the African region is expected to stymie regional business expansion.

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