Stratistics MRC’s Global Bone Graft Substitutes Market value is expected to reach $6.71 billion growing at a CAGR of 8.2% during 2023-2030.
Bone grafts substitutes are substances used to fix fractures in the bones or replace missing bones. BGS is often used in surgeries for the hip, foot, and ankle, as well as for fractures and musculoskeletal ailments. The main purposes of employing bone grafts and replacements are to replace natural bone and to assist in the healing of fractures and other bone injuries. Bone graft replacements eliminate the need for extra surgical sites, shorten healing times, and lessen the risk of immunogenicity, disease transmission, and donor-site complications.
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Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the surge in medical tourism and beneficial government policies. This region has huge geriatric population. With an increase in the geriatric population, there is a rise in the number of people suffering from various arthritis problems which increases the demand for bone grafting procedures. Furthermore, the presence of a larger patient pool with a range of orthopedic conditions, and rising investments by market participants to expand their presence in the region are expected to drive the market in Asia Pacific region.
Some of the key players in Bone Graft Substitutes Market include AlloSource, Arthrex, Inc., Aziyo Biologics, Inc., Baxter International Inc., Bioventus LLC, Coloplast Corp., Integra LifeSciences Corporation, Johnson & Johnson, LifeNet Health, Medtronic, NuVasive, Inc., Olympus Corporation, Orthofix Medical Inc.,RTI Surgical Holdings, Inc., SeaSpine Holdings Corporation, Stryker Corporation, Wright Medical Group N.V., Xtant Medical, Holdings, Inc., Zimmer Biomet Holdings, Inc. and TBF Tissue Engineering.
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Key Developments:
In May 2023, Zimmer Biomet Holdings, Inc. announced the launch of its VIVIX 3D Printed Bone Matrix, a breakthrough bone graft substitute with a porous structure designed to mimic the natural bone environment.
In April 2023, Stryker Corporation acquired NuVasive, Inc., a leading provider of spine surgery solutions, expanding its product portfolio in the bone graft substitutes market and strengthening its presence in the spine care segment.
In December 2022, Kuros Biosciences announced a collaboration with Johnson & Johnson Medical Devices Companies to co-develop innovative orthobiologic solutions for bone graft substitutes and regenerative medicine.
In February 2022, Orthofix Medical Inc. introduced a new synthetic bioactive bone graft solution called Opus B.A., which is used for cervical and lumbar spine fusion procedures.
What our report offers:
– Market share assessments for the regional and country-level segments
– Strategic recommendations for the new entrants
– Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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