The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s bone grafts and substitutes market report forecasts the bone grafts and substitutes market size to grow to $3.92 Billion by 2027, with a CAGR (compound annual growth rate) of more than 5%.

Learn More On The Bone Grafts and Substitutes Market Report 2023 – https://www.thebusinessresearchcompany.com/report/bone-grafts-and-substitutes-global-market-report

Bone Grafts and Substitutes Market Size Forecast
The global bone grafts and substitutes market is expected to grow from $2.95 billion in 2022 to $3.16 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The bone grafts and substitutes market size is expected to grow to $3.92 billion in 2027 at a CAGR of 5.5%.

North America held the largest bone grafts and substitutes market share.

Key Bone Grafts and Substitutes Market Driver ­– Rise In The Incidence Of Musculoskeletal Disorders Such As Osteoporosis And Tendonitis
For instance, in March 2022, according to a Pediatric Orthopedic Consultant at Indian Spinal Injuries Centre, Delhi, there was a 50% rise in Pediatric Orthopaedic Cases due to poor posture of students during online classes. Also, in 2020, according to the report by Cleveland Clinic, a US-based medical service provider, about 200 million people had osteoporosis throughout the world and 54 million people were suffering from it in the US. Therefore, the increasing the growth of incidence of musculoskeletal disorders helps to increase the demand for bone grafts and substitutes market.

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Key Bone Grafts and Substitutes Market Trend – New Product Innovations
Major companies operating in the bone grafts and substitutes market are focused on product innovations to meet consumer demand. For instance, in July 2021, Orthofix, a US-based company that manufactures bone graft devices, launched a new fiber bone-graft strip called the Orthofix fiberFUSE Strip, a sophisticated demineralized bone graft solution including cancellous bone. The utilization of Novel Fibers Strip is a great bone-graft strip for posterior cervical, posterior lumbar, and degenerative spinal surgery prevention. The fiberFuse Strip comprises mineralized cancellous and demineralized cortical bone fibers, which are used in the healing of bones.

Bone Grafts and Substitutes Market Segment
1) By Material: Allograft, Synthetic, Composites, Polymers, Bone Morphogenic Proteins (BMP), Other Materials
2) By Application: Spinal fusion, Trauma, Craniomaxillofacial, Joint reconstruction, Dental bone grafting, Other Applications
3) By End User: Hospitals, Surgical Centres, Clinics, Others End Users

Bone Grafts and Substitutes Market Major Players and Strategies
Major players in the bone grafts and substitutes market are Zimmer Biomet Dental, DePuy Synthes, Wright Medical Technology, Medtronic PLC., Stryker Corporation, NuVasive Inc., Arthrex Inc., Integra LifeSciences, Baxter International Inc., Musculoskeletal Transplant Foundation, Bacterin International Holdings, SeaSpine, LifeNet Health, AlloSource, DePuySynthes Inc., Biobank, GeistlichPharma AG, Smith & Nephew, OST Devloppement, Orthofix Holdings Inc., and TBF Tissue Engineering.

In March 2020, Orthofix International N.V, a US-based medical device company acquired the FITBONE lengthening system from Wittenstein SE for an undisclosed amount. Through this acquisition, Orthofix becomes the only orthopedic company that offers a comprehensive portfolio of internal and external fixation solutions for limb reconstruction. Wittenstein SE is a Germany-based company that manufactures products for bone grafts and substitutes.

The Bone Grafts and Substitutes Global Market Report 2023 covers regional data on bone grafts and substitutes market size, bone grafts and substitutes market trends and drivers, opportunities, strategies, and bone grafts and substitutes market competitor analysis. The countries covered in the bone grafts and substitutes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Bone grafts and substitutes refer to a procedure in which bone defects are filled with bone grafts or with bone graft substitutes. Bone abnormalities that necessitate bone grafting are common in trauma and orthopedic operations. Bone grafting can be described as the envelopment and interdigitation of the donor bone tissue with the new bone deposited by the recipient. It is versatile, which replaces the lost bone tissue and enhances bone growth using natural mechanisms. The bone grafts and substitutes are used to replace and regenerate the lost bone, and can also restore proper facial contour.

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