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. The
report “Bone Grafts and Substitutes
Market Size, Share & Trends Analysis Report, By Material Type (Natural,
Synthetic); By Application Type (Spinal Fusion, Craniomaxillofacial, Long
Bone); By Region, Segment Forecasts, 2020 – 2026” gives a
detailed insight into current market dynamics and provides analysis on future
industry growth.
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.
Get Sample PDF Copy @ https://www.polarismarketresearch.com/industry-analysis/bone-grafts-substitutes-market/request-for-sample
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.
Bone grafts and substitutes have been used to treat flaws
considerably. Osteogenesis, osteoinduction, osteoconduction, and structural
support are the basic characteristics of bone graft. The fast advances seen in
technology and product innovations fuel the development of the worldwide
industry for bone grafts and replacements. In addition, the growing amount of
musculoskeletal circumstances such as osteoarthritis, rheumatoid arthritis, and
psoriatic arthritis is another key factor likely to further boost the worldwide
bone grafts and replacements market over the timeframe forecast.
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.
Get Special Discount Offer @ https://www.polarismarketresearch.com/industry-analysis/bone-grafts-substitutes-market/request-for-discount-pricing
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.
