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Bone Graft and Substitute Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: DePuy Synthes, Medtronic, Zimmer Biomet, Wright Medical

23 Jul, 2022 | 158 Pages
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The global Bone Graft and Substitute market reached a value of US$ 3.50 billion in 2021. Looking ahead, the market is expected to reach $ 6.20 billion by 2027, growing at a CAGR of 6.4% between 2022 and 2027.



Bone Graft and Substitute Market Overview



The increased frequency of bone and joint problems is one of the primary reasons driving market expansion. The global incidence rate of hip fracture is anticipated to increase by 240% in women and 310% in men, according to the CDC analysis. 200 million women are thought to be affected by osteoporosis worldwide. Additionally, during the course of the forecast period, the market for bone grafts and substitutes is anticipated to be driven by the growing need for dental bone grafts. The use of bone transplants in orthopedic operations is common. These procedures are categorized as elective surgeries, and during the COVID-19 epidemic, the majority of elective surgeries were delayed or cancelled. As a result, the need for orthopedic surgery equipment, such as bone grafts and substitutes, significantly decreased. Furthermore, the production of the gadgets was slowed down by prolonged factory closures by market players in several countries. The infection rate is anticipated to start declining in the fourth quarter of 2020, which will gradually restore the production cycles and boost the manufacturing of bone grafts and substitutes.



The market is expanding as a result of increased demand for dental bone transplants as well as technical improvements. According to Minim Invasive Surg in 2018, a variety of bone problems are being treated in the year with minimally invasive techniques. Additionally, it mentioned that the United States performed 400,000 spinal fusion procedures yearly. Such elements are probably going to have a favorable effect on market expansion in the years to come. The market is expanding as a result of rising demand for bone grafts that are biocompatible in order to lessen negative reactions. The industry's various stakeholders are constantly investing in the creation of new products with improved bioactivity, biocompatibility, and useful mechanical qualities.





Industry News and Updates:



April 06, 2021: Orthofix Expands Synthetic Bone Growth Offerings with Full Market Launch of Opus BA – a Bioactive Solution for Spine Procedures--

Orthofix Medical Inc. (NASDAQ: OFIX), a global medical device company with a spine and orthopedics focus, today announced the full market launch of Opus™ BA, a synthetic bioactive bone graft solution for cervical and lumbar spine fusion procedures. Available in putty and strip formulations, Opus BA can be used to fill bone voids or gaps in the skeletal system that are not intrinsic to the stability of bony structure. Opus BA acts as a scaffold allowing bone growth across the surface that is reabsorbed and replaced with natural bone during the healing process. Easily hydrated with autogenous bone marrow or autograft with saline, Opus BA is moldable and ideal for versatile applications.



What are the major Applications, Types and Regions for Bone Graft and Substitute Market?



Market is segmented based on the type, applications, companies and regions.



By Type, it is segmented into




  • Natural Bone Graft

  • Synthetic Bone Graft

  • Natural Substitutes

  • Synthetic Substitutes

  • Others



By Application, it is segmented into




  • Spinal Fusion

  • Dental Bone Grafting

  • Foot and Ankle

  • Craniomaxilofacial

  • Others



Bone Graft and Substitute Market Regional Analysis



North America dominated the market in 2021, accounting for more than 40.0% of global sales. The main factors influencing the regional market growth include rising awareness of novel goods that are commercially available, accessibility to a highly established healthcare system, and increasing healthcare spending, which increased by 16.9% in 2018. Due to the rising incidence of orthopaedic diseases and trauma-related injuries, the American market is outpacing both the North American and global markets by creating the highest demand for bone grafts and substitutes.



Asia Pacific is expected to increase at a rapid pace during the predicted period. The rise in medical tourism and helpful government measures are responsible for this expansion. On the other hand, adoption is constrained in some countries by severe regulatory rules. For instance, in South Korea, the Korean Food and Drug Administration must approve the product before it can be marketed (KFDA). The Therapeutic Goods Administration oversees the items in Australia (TGA). The introduction of international players is hampered by Japan's rigorous regulatory environment. However, with the most recent approval of DBM in Japan in 2019, the Asia Pacific allograft industry is expected to have profitable growth over the following ten years.




  • North America


    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East & Africa

    • Latin America





The Bone Graft and Substitute Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Bone Graft and Substitute Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.



What is our Bone Graft and Substitute Market report scope?























































Report Attributes



Report Details



Forecast Period 2022 to 2027 CAGR



CAGR of 6.4% over the forecast period (2022-2027)



By Type




  • Natural Bone Graft

  • Synthetic Bone Graft

  • Natural Substitutes

  • Synthetic Substitutes

  • Others



By Application




  • Spinal Fusion

  • Dental Bone Grafting

  • Foot and Ankle

  • Craniomaxilofacial

  • Others



By Companies



DePuy Synthes, Medtronic, Zimmer Biomet, Wright Medical, Geistlich, Xtant Medical, Arthrex, SeaSpine, Aimedic MMT, Stryker, AAP Implantate, Graftys, Straumann, Biomatlante, Biocomposites, ORD, DENTSPLY, Botiss, Maxigen Biotech, Exactech



Regions Covered




  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World



Countries Covered




  • US

  • Canada

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Rest of Asia-Pacific

  • Middle East & Africa

  • Latin America



Base Year



2022



Historical Year



2017 to 2021



Forecast Year



2022 to 2027



Number of Pages



158



Customization Available



Yes, the report can be customized as per your needs




 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



Key Takeaways from this Bone Graft and Substitute Market Report




  • Evaluate Bone Graft and Substitute market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.

  • Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.

  • Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.

  • Analyze the sales and distribution channels across geographies to enhance top-line revenues.

  • Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.

  • Get a quick outlook on the Bone Graft and Substitute market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.

  • Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.



Frequently Asked Questions



What is the growth rate of Bone Graft and Substitute Market?



The Bone Graft and Substitute Market is growing at a CAGR of 6.4% over the next 5 years.



Who are the key players in Bone Graft and Substitute Market?



DePuy Synthes, Medtronic, Zimmer Biomet, Wright Medical, Geistlich, Xtant Medical, Arthrex, SeaSpine, Aimedic MMT, Stryker, AAP Implantate, Graftys, Straumann, Biomatlante, Biocomposites, ORD, DENTSPLY, Botiss, Maxigen Biotech, Exactech



What are the significant types of Bone Graft and Substitute Market?



Natural Bone Graft, Synthetic Bone Graft, Natural Substitutes, Synthetic Substitutes, Others



What are the major end-use applications of Bone Graft and Substitute Market?



Spinal Fusion, Dental Bone Grafting, Foot and Ankle, Craniomaxilofacial, Others



All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.


  1. INTRODUCTION

    1. MARKET DEFINITION

    2. MARKET DYNAMICS

    3. MARKET SEGMENTATION

    4. REPORT TIMELINES

    5. KEY STAKEHOLDERS



  2. RESEARCH METHODOLOGY

    1. DATA MINING

      1. SECONDARY RESEARCH

      2. PRIMARY RESEARCH

      3. SUBJECT MATTER EXPERT ADVICE



    2. QUALITY CHECK

    3. FINAL REVIEW

      1. DATA TRIANGULATION

      2. BOTTOM-UP APPROACH

      3. TOP-DOWN APPROACH



    4. RESEARCH FLOW



  3. EXECUTIVE SUMMARY

    1. INTRODUCTION

    2. GLOBAL BONE GRAFT AND SUBSTITUTE MARKET BY TYPE

    3. GLOBAL BONE GRAFT AND SUBSTITUTE MARKET BY APPLICATION



  4. MARKET DYNAMICS

    1. DRIVERS

      1. INCREASING DEMAND FOR BONE GRAFT AND SUBSTITUTE



    2. RESTRAINTS

      1. STRINGENT ENVIRONMENTAL REGUALTIONS

      2. HIGH COST ON MATERIALS



    3. OPPORTUNITIES

      1. BONE GRAFT AND SUBSTITUTE GROWTH

      2. APPLICATION OF BONE GRAFT AND SUBSTITUTE



    4. IMPACT OF COVID 19



  5. GLOBAL BONE GRAFT AND SUBSTITUTE MARKET, BY TYPE

    1. INTRODUCTION

    2. NATURAL BONE GRAFT

    3. SYNTHETIC BONE GRAFT

    4. NATURAL SUBSTITUTES

    5. SYNTHETIC SUBSTITUTES

    6. OTHERS



  6. GLOBAL BONE GRAFT AND SUBSTITUTE MARKET, BY APPLICATION

    1. INTRODUCTION

    2. SPINAL FUSION

    3. DENTAL BONE GRAFTING

    4. FOOT AND ANKLE

    5. CRANIOMAXILOFACIAL

    6. OTHERS



  7. GLOBAL BONE GRAFT AND SUBSTITUTE MARKET, BY REGION

    1. NORTH AMERICA

      1. US

      2. CANADA

      3. MEXICO



    2. EUROPE

      1. GERMANY

      2. FRANCE

      3. UK

      4. ITALY

      5. RUSSIA

      6. REST OF EUROPE



    3. APAC

      1. CHINA

      2. SOUTH KOREA

      3. JAPAN

      4. INDIA

      5. AUSTRALIA

      6. ASEAN

      7. REST OF APAC



    4. MIDDLE EAST & AFRICA

      1. SAUDI ARABIA

      2. UAE

      3. SOUTH AFRICA

      4. TURKEY

      5. REST OF MEA



    5. SOUTH AMERICA

      1. BRAZIL

      2. REST OF MEA

      3. ARGENTINA

      4. REST OF SOUTH AMERICA





  8. COMPETITIVE LANDSCAPE

    1. MERGERS, ACQUISITIONS, JOINT VENTURES, COLLABORATIONS,

    2. AND AGREEMENTS

      1. KEY DEVELOPMENT



    3. MARKET SHARE (%) **/RANKING ANALYSIS

    4. STRATEGIES ADOPTED BY LEADING PLAYERS



  9. COMPANY PROFILES

    1. BUSINESS OVERVIEW

    2. COMPANY SNAPSHOT

    3. PRODUCT BENCHMARKING

    4. STRATEGIC INITIATIVES

      1. DEPUY SYNTHES

      2. MEDTRONIC

      3. ZIMMER BIOMET

      4. WRIGHT MEDICAL

      5. GEISTLICH

      6. XTANT MEDICAL

      7. ARTHREX

      8. SEASPINE

      9. AIMEDIC MMT

      10. STRYKER

      11. AAP IMPLANTATE

      12. GRAFTYS

      13. STRAUMANN

      14. BIOMATLANTE

      15. BIOCOMPOSITES

      16. ORD

      17. DENTSPLY

      18. BOTISS

      19. MAXIGEN BIOTECH

      20. EXACTECH





SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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