Bone Grafts and Substitutes Market Size by Segments, Share, Regulatory, Reimbursement, Procedures and Forecast to 2033
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Bone Grafts and Substitutes Market Report Overview
The Bone grafts and substitutes market size was $3.17 billion in 2023. Factors such as the rising geriatric population and increasing prevalence of degenerative spinal disorders will drive the market growth at a CAGR of more than 3% from 2023 to 2033.
Bone grafts and substitutes are used in procedures where bone regrowth and repair need to be encouraged. As such, the bone grafts and substitutes market is driven primarily by the number of procedures performed for fracture fixation, spinal fusion, and joint reconstruction.
Bone Grafts And Substitutes Market Outlook 2023-2033 ($ Billion)
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The bone grafts and substitutes market research report identifies quantitative market trends within orthopedic devices therapeutic areas. The report offers regional quantitative and qualitative data highlighting the sales in major markets. The model also covers in detail the effects of COVID-19 on the Bone grafts and substitutes market for 2020 and beyond. Furthermore, the report provides Bone grafts and substitutes market share by a company that will help in identifying untapped market opportunities.
Market Size (2023) | $3.17 billion |
CAGR (2023-2033) | >3% |
Historic Period | 2015-2023 |
Forecast Period | 2023-2033 |
Key Segments |
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Key Regions |
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Key Companies |
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Bone Grafts and Substitutes Market Segments
The key segments in the bone grafts and substitutes market are Allograft Bone Chips, bone morphogenetic proteins (BMP), cell-based matrices, demineralized bone matrix (DBM), and synthetic bone graft substitutes. In 2023, synthetic bone graft substitutes was the leading segment of the bone grafts and substitutes market.
Bone Grafts and Substitutes Market Analysis by Segments, 2023 (%)
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Regional Analysis of Bone Grafts and Substitutes Market
The key regions in the bone grafts and substitutes market are Asia-Pacific, Europe, the Middle East, and Africa. North America and South and Central America are other leading regional markets. In 2023, the North American bone grafts and substitutes market was the leading regional segment.
The region will retain its market dominance during the projected period. The growing aging population and increasing volume of orthopedic and spinal procedures are the leading bone grafts and substitutes market drivers in the region. 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.
The primary selection criteria for bone grafts and substitute products is cost. This is due to the large array of preparations, making it difficult to choose based solely on product information. As such, surgeons in the US have little impact on purchasing decisions.
Bone Grafts and Substitutes Market Analysis by Regions, 2023 (%)
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Bone Grafts and Substitutes Market – Competitive Landscape
In 2023, Medtronic bone grafts and substitutes market share was the highest
The major players in the Bone grafts and substitutes market are:
- Medtronic Plc
- Globus Medical Inc
- Stryker Corp
- Zimmer Biomet Holdings Inc
- Bioventus Inc
The most effective players in the current market are multinationals that maintain a global presence and established distribution channels in orthopedic markets. As bundling complementary biologics to hardware allows for continuous income generation and ensures that a company’s biologics platform is a fixture in hospitals’ orthopedic implant inventories, cross-selling has helped these global orthopedic and spine companies to establish a long-term foothold in the bone grafts and substitutes arena.
The lead player in this market is Medtronic Plc followed by Bioventus Inc., Stryker Corp., Globus Medical Inc., and Zimmer Biomet among others. Increasing importance is being placed on building a comprehensive product portfolio as healthcare providers pursue cost-saving relationships with device providers.
Bone Grafts and Substitutes Market Analysis by Companies, 2023 (%)
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Bone Grafts and Substitutes Market Dynamics
- Drivers: The primary driver of the market is the ongoing research materials that promote the healing triad: osteoinductivity, osteoconductivity, and osteogenesis. Furthermore, companies’ continued efforts on product innovation and line extension to create a comprehensive orthobiologics platform will also propel the market’s demand.
- Barriers: Factors such as the lack of robust clinical efficacy data for novel bone substitutes and negative publicity surrounding the use of BMP products may hamper the ERCP and PTC market growth.
- Future Outlook: The bone grafts market will continue to flourish in the future with an increasing demand through surging orthopedic procedure volumes and growing reliance by the medical sector on the solutions only bone grafts and their substitutes can provide.
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Segments Covered in this Report
Bone Grafts and Substitutes Segment Outlook ($ 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 ($ Billion, 2015-2033)
- Asia-Pacific
- Europe
- Middle East and Africa
- North America
- South and Central America
Key Inclusions of the market model are:
The bone grafts and substitutes market research report includes an insightful review of the key industry trends.
- The bone grafts and substitutes market report offers an annualized market revenue by segment and market outlooks from 2015-2033.
- The report also includes market-level data on units, average selling prices, and market values.
Regional, Country, and Global bone grafts and substitutes Market Insights:
- The Bone grafts and substitutes market share report offers qualitative insights on global and regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
- Bone grafts and substitutes market SWOT analysis.
- The report provides trends and bone grafts and substitutes market competitive dynamics.
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Learn about consumer behavior through the detailed overview of segments and 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. These syndicated models include demand and supply-side primary sources including Key opinion leaders. In addition, determine market trends through real-world data sources including databases of government procedures and hospital purchasing.
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, and others.
Scope
- Extensive coverage of the bone grafts and substitutes market under development.
- An exhaustive list of major pipeline products and their details, including product description, licensing and collaboration details, and other developmental activities.
- Reviews of major players involved in the development of the bone grafts and substitutes market and lists all their pipeline projects.
- Coverage of pipeline products based on various stages of development ranging from early development to approved/issued stage.
- Key clinical trial data of ongoing clinical trials specific to pipeline products.
- Recent developments in the segment/industry.
Reasons to Buy
- Understand the COVID-19 impact on bone grafts and substitutes.
- Design your licensing strategies through a review of products, technologies, and companies with the most robust pipeline.
- Develop business strategies by understanding the trends shaping and driving Bone grafts and substitutes.
- Understand the trends, innovative product launches, technologies, segments, and companies that will impact the market in the future.
- Formulate effective sales and marketing strategies with a detailed evaluation of Bone grafts and substitutes market share by company. Identify strong competitors and create winning strategies to stand out in the global Bone grafts and substitutes market.
- Track regional Bone grafts and substitutes market sales as well as country-specific transactions from 2015-2033.
- Organize your sales and marketing efforts by identifying the global bone grafts and substitutes market segments that present maximum opportunities. Such details will help to make investments and strategic partnerships.
Frequently asked questions
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What was the bone grafts and substitutes market size in 2023?
The size of the bone grafts and substitutes market was $3.17 billion in 2023.
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What will the CAGR of the bone grafts and substitutes market be during 2023-2033?
The bone grafts and substitutes will grow at a CAGR of more than 3% during 2023-2033.
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Which was the key segment in the bone grafts and substitutes market in 2023?
The key segment of the bone grafts and substitutes market was the synthetic bone graft substitutes in 2023.
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Which region held the largest share of the bone grafts and substitutes market in 2023?
North America was the largest regional market for bone grafts and substitutes in 2023.
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Which are the leading players in the bone grafts and substitutes market?
The leading bone grafts and substitutes market companies are Medtronic Plc, Globus Medical Inc., Stryker Corp, Zimmer Biomet Holdings Inc., Bioventus Inc., and Others.
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