Bone Grafts and Substitutes Market Size by Segments, Share, Regulatory, Reimbursement, Procedures and Forecast to 2033

Bone Grafts and Substitutes Market Report Overview

The Bone Grafts and Substitutes market size was $3.17 billion in 2023. The market is expected to grow at a CAGR of more than 3% during 2023-2033. Bone grafts and substitutes are used in surgical procedures of bones in the human body in two cases, either when there is a breakage in the bone or in the case of a void between or in the bones due to factors such as age and degenerative diseases. They are synthetic substances that are an alternative to bone allografts and autografts.

Bone Grafts and Substitutes Market Outlook, 2023-2033 ($ Billion)

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The Bone Grafts and Substitutes market research report gives a detailed overview of the market behavior, which will help identify quantitative market trends within the orthopedic devices therapeutic area. The model discusses in detail the impact of COVID-19 on the Bone Grafts and Substitutes market for the year 2020 and beyond. The report has extensively covered pipeline products and technologies, which will help in identifying companies with the most robust pipeline. This, in turn, will assist in predictive analysis for designing in-licensing and out-licensing strategies.

Bone Grafts and Substitutes Market Dynamics

Autograft bone is widely considered the gold standard treatment for patients requiring bone grafts. However, the amount of autograft bone available is often insufficient and the graft harvesting procedure presents several comorbidities such as donor site pain and infection.

Due to these drawbacks, a soaring demand for alternatives to autograft bone has arisen globally. Growth of the bone grafts and substitutes market will be moderate through the forecast period, as it is highly dependent on the growth of the mature hip, knee, trauma, and spine markets. Higher growth is expected in developing countries where the adoption of orthopedic procedures is growing at faster rates. Factors such as the increasing growth in procedure volume of spinal fusion, trauma fixation, and joint reconstruction due to growing aging and obese populations and the ongoing efforts of the companies towards product innovation contribute to the market growth.

Bone Grafts and Substitutes Market Segments

The bone grafts and substitutes market can be segmented into Allograft Bone Chips, Bone Morphogenetic Proteins (BMP), Cell-Based Matrices, Demineralized Bone Matrix (DBM), and Synthetic Bone Graft Substitutes. Synthetic bone graft substitute led the bone grafts and substitutes market in 2023. Synthetic bone graft substitutes are used as substitutes for autograft and allograft bone. Major types of synthetic bone substitutes include calcium sulfate, calcium phosphate, tricalcium phosphate (TCP), and coralline hydroxyapatite.

Bone Grafts and Substitutes Market Analysis by Segments, 2023 (%)

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Bone Grafts and Substitutes Market Segmentation by Regions

The key regions in the Bone Grafts and Substitutes market are North America, Europe, Asia Pacific, South and Central America, and the Middle East and Africa. North America accounted for the largest share of the Bone Grafts and Substitutes market revenue in 2023. Owing to the growth in aging population and increasing volume of orthopedic and spinal procedures, the North American market continues to evolve with the introduction of novel products. As access to healthcare is not a major issue in this region, the main hurdles for bone graft products to overcome are pricing pressures and proven clinical efficacy.

Bone Grafts and Substitutes Market Analysis by Regions, 2023 (%)

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Bone Grafts and Substitutes Market - Competitive Landscape

Some of the leading companies in the Bone Grafts and Substitutes market are:

• Medtronic Plc
• Globus Medical Inc
• Stryker Corp
• Zimmer Biomet Holdings Inc
• Bioventus Inc

Medtronic Plc was leading in the bone grafts and substitutes market in 2023. It is followed by Bioventus Inc.

Bone Grafts and Substitutes Market Analysis by Companies, 2023 (%)

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Segments Covered in the Report

Bone Grafts and Substitutes Segments Outlook (Value, $ Billion, 2015-2033)

• Allograft Bone Chips
• Bone Morphogenetic Proteins (BMP)
• Cell-Based Matrices
• Demineralized Bone Matrix (DBM)
• Synthetic Bone Graft Substitutes

Bone Grafts and Substitutes Regional Outlook (Value, $ Billion, 2015-2033)

• North America
• Europe
• Asia Pacific
• South and Central America
• Middle East and Africa

Key Inclusions

Currently marketed Bone Grafts and Substitutes and evolving competitive landscape:

• Insightful review of the key industry trends.
• Annualized total Bone Grafts and Substitutes market revenue by segment and market outlooks from 2015-2033.
• Market-level data on units, average selling prices, and market values.

Global, Regional, and Country level market specific insights:

• Qualitative market-specific information is available with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
• SWOT analysis for the Bone Grafts and Substitutes market.
• Competitive dynamics insights and trends provided for the Bone Grafts and Substitutes market.

Get an in-depth understanding of consumer behavior through the market access segment and the overview of the healthcare system. The report also offers information on reimbursement policies and the regulatory landscape.

• Country-specific overview of the healthcare system.
• Country-specific reimbursement policies.
• Country-specific medtech regulatory landscape.

Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. Demand and supply-side primary sources are integrated within the syndicated models, including Key Opinion Leaders. In addition, the report helps determine market trends through real-world data sources including government procedure databases, hospital purchasing databases, and proprietary online databases.

Companies covered: Medtronic Plc, Globus Medical Inc, Stryker Corp, Zimmer Biomet Holdings Inc, Bioventus Inc, and Others

Countries covered: United States, United Kingdom, Germany, France, Italy, Spain, Brazil, China, India, Russia, Japan, Australia, Canada, Mexico, South Korea, Denmark, Ireland, Netherlands, New Zealand, South Africa, Sweden, Switzerland, Austria, Belgium, Finland, Israel, Norway, Poland, Portugal, Taiwan, Czech Republic, Greece, Hungary, Turkey, Egypt, Saudi Arabia, United Arab Emirates, Argentina and Chile

Scope

This Market Model gives important, expert insight you won’t find in any other source. The model illustrates qualitative and quantitative trends within the specified market. The model will benefit the following stakeholders:

• CMO executives who must have a deep understanding of the Bone Grafts and Substitutes marketplace to make strategic planning and investment decisions.
• Sourcing and procurement executives who must understand crucial components of the supply base in order to make decisions about supplier selection and management.
• Private equity investors that need a deeper understanding of the market to identify and value potential investment targets.

Reasons to Buy

• Understand the impact of COVID-19 on Bone Grafts and Substitutes market.
• Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
• Develop business strategies by understanding the trends shaping and driving Bone Grafts and Substitutes market.
• Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the Bone Grafts and Substitutes market in the future.
• Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company share of market leaders.
• Identify emerging players with potentially strong product portfolios and create effective counter strategies to gain a competitive advantage.
• Track device sales in the global and country-specific Bone Grafts and Substitutes market from 2015-2033.
• Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.