The global bone grafts and substitutes market size is
expected to reach USD 4.15 billion by 2026 according to a new study by Polaris
Market Research. For decades, bone grafts have been utilized in regenerate the
bone, restore the structure and relieve pain. Autographs were traditionally
utilized for bone grafting, using the bone of patience itself as a graft. Added
to this, autologous bone grafts have been regarded as bone transplant gold
standard. However, the use of autologous bone grafts in both tissue harvesting
and transplant locations includes the danger of transferring infection during
surgical procedures. This can lead to delayed healing of wound and extended
stays in hospital. In order to overcome the drawbacks associated with
autologous grafts, allografts were introduced in the market.
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Increasing instances of
orthopedic surgery and musculoskeletal illnesses (MSD) requiring the use of
bone grafts and replacements will drive market growth. Approximately 3 million
musculoskeletal interventions operate annually in the United States, for instance,
according to the American Academy of Orthopedic Surgeons. Moreover, bone grafts
are also reported to be used worldwide in approximately 2.2 million orthopedic
procedures. Increasing use of bone grafts combined with growing instances of
illnesses requiring the use of these products will therefore increase the
development of the market for bone grafts and replacements. Allografts have
both osteo-inductive and osteo-conductive characteristics and therefore serve
as autograph replacements. During the forecast period, ready availability of
allografts in different shapes and sizes that can be processed in different
forms like chips and others as required is likely to increase the allografts
segment of the bone grafts and replacements market.
Increasing the amount of bone
grafting processes, growing aging population with demand for high-quality
musculoskeletal function in ancient age, and increasing penetration of
specialty orthopedic clinics and health insurance are the main drivers of
industry growth. The danger and complications of bone grafting processes and
elevated bone graft therapy costs, however, restrict industry growth. Growing
consumer awareness of appearance, increasing preference for natural / organic
goods, increasing disposable income in emerging economies, the accessibility of
technologically sophisticated are driving this industry’s development. On the
other side, it is probable that deceptive marketing methods will restrict
market growth. It is anticipated that the increasing number of middle-aged
people, a fast-paced life and a burgeoning urban population will further drive
demand.
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In the years ahead, North
America is expected to lead the worldwide bone grafts industry. North America
retained approximately 38 percent of worldwide bone grafts and replacement
market share in 2019. In specific, the US is leading the worldwide industry by
generating enormous demand for products due to a large incidence of
trauma-related accidents and orthopedic illnesses. Rising osteoarthritis events
have resulted to increased demand for bone grafts and replacements used for
therapy and transplantation. This also drives the North American bone grafts
& substitutes market. In the years ahead, Europe is expected to demonstrate
fast development in bone grafts and replace the globally. Due to the increasing
demand for innovative and technologically advanced therapies for chronic
disease therapy and the existence of major players, Europe was the world’s
second major industry in 2019.
Some of the main players on the
industry are Orthofix Holdings, Inc.; DePuy Synthes; Medtronic PLC; Stryker
Corp, Nuvasive, Inc.; and AlloSource, Inc. among other players.
About Polaris Market Research
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