Sales Revenue Of Bone Grafts and Substitutes To Escalate In Coming Years Owing To Rapid Growth In Consumer Adoption : Fact.MR

The bone grafts and substitutes market refers to the segment of the medical device industry that provides products used in orthopedic and dental procedures to repair and rebuild damaged or missing bones. Bone grafts and substitutes are used in a variety of procedures, including spinal fusion, joint reconstruction, and craniofacial reconstruction.

The market for bone grafts and substitutes includes products such as allografts, synthetic bone grafts, and bone morphogenetic proteins. Key players in the bone grafts and substitutes market include companies such as Medtronic, Stryker, Zimmer Biomet, and DePuy Synthes.

The market for bone grafts and substitutes is expected to grow in the coming years due to the increasing number of orthopedic and dental procedures, an aging population, and advancements in medical technology. In addition, the increasing prevalence of osteoporosis and other bone-related conditions is driving demand for bone grafts and substitutes.

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Key Segments Covered in Bone Grafts and Substitutes Industry Research

  • By Product:
    • Allografts
      • Demineralized Bone Matrix (DBM)
      • Others
    • Synthetic Bone Grafts
    • Others
  • By Material:
    • Ceramic-based Bone Grafts and Substitutes
      • Calcium Phosphate
      • Calcium Sulfate
      • Others
    • Polymer-based Bone Grafts and Substitutes
      • Polylactides
      • Polyglycolides
      • Polyurethanes
      • Others
    • Growth Factor-based Bone Grafts and Substitutes
    • Cell-based Bone Grafts and Substitutes
    • Others
  • By End User:
    • Hospitals
    • Orthopedic Clinics
    • Others
  • By Region:
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

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Key Takeaways from Market Study

  • Global bone grafts and substitutes market to reach a valuation of US$ 4.44 Bn by 2028.
  • Market in North America holds a high share of 53.1%.
  • Demand for allografts are expected to increase at a significant CAGR over the coming years.

Winning Strategy

The market is characterized by fierce competition and is dominated by a few important players. To increase revenue, key businesses are focusing on executing creative tactics such as mergers & acquisitions, market penetration, collaborations, and distribution agreements.

Key players in the market are concentrating on diversifying their product portfolios and utilizing materials with higher quality, characteristics, and functionalities.

For instance,

  • In February 2021, NuVasive bought Simplify Medical to expand its cervical portfolio and expand growth prospects.
  • In 2019, McGill University produced a biocompatible and hardened multilayered bone grafts for the repair of major bone lesions.
  • In 2019, Bioventus launched OSTEOMATRIX+, a next-generation biphasic bone transplant for use in orthopedic and spine applications.

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More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global bone grafts and substitutes market, presenting historical demand data (2017-2020) and forecast statistics for the period of 2021-2028.

The study divulges essential insights on the market on the basis of product (allografts, synthetic bone grafts, and others), by material (ceramic-based, polymer-based, growth factor-based, cell-based, and others) by end user (hospitals, orthopedic clinics, and others), across five major regions (North America, Europe, Asia Pacific, Latin America, and MEA).

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