Bone Graft And Substitute Market Report

Market Insights

The Bone Graft and Substitute Market are projected to grow from USD 2.8 billion in 2020 to USD 3.9 billion by 2026 at a CAGR of around 5.7% during the forecast period.

Figure: Bone Graft and Substitute Market Size, 2020-2026 (USD Billion)

Wish to get a free sample? Register Here

What are bone grafts?

Bone grafts are defined as implantable materials, which promote bone formation, bone healing, and osseous reconstruction due to their superior properties including osteogenic, osteoconductive, and osteoinductive. Bone grafts are also used to fill voids in case of the absence of bones.

Key Players

Key players operating in the Bone Graft and Substitute market are-

• Zimmer Biomet (US)
• Medtronic plc (Ireland)
• Aimedic MMT (Japan)
• Dentsply Sirona (US)
• DePuy Synthes (US)
• Straumann (Switzerland)
• Botiss medical AG (Germany)
• Biomatlante (France)
• Maxigen Biotech Inc. (Taiwan)
• B. Braun (Germany)
• BioMimetic Therapeutics, LLC (US)
• CryoLife, Inc. (US)
• Globus Medical, Inc. (US)
• GRAFTYS (France)
• Integra Life Sciences (US)
• Johnson & Johnson (US).

Market Dynamics

The growth of the global bone graft and substitute market is primarily driven by increasing incidences of musculoskeletal disorders across the globe. Growing emphasis on the development of biocompatible synthetic bone grafts is expected to drive market growth at a significant rate during the review period. In addition to this, surging demand for advanced products is likely to create lucrative opportunities for the players operating in the global bone graft and substitute market in the coming years.

Segments' Analysis

End-User Trends

By end-user, the bone graft and substitute market has been bifurcated into hospitals and dental clinics. The hospital segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. The segment can be attributed to the availability of required infrastructure, technical expertise, and skilled staff.

Regional Trends

By region, the North American market accounted for the largest market share in 2020 and is projected to grow at a robust CAGR during the review period. This can be attributed to the rising number of people suffering from orthopedic disorders coupled with expanding geriatric populace and the presence of key market players such as Zimmer Biomet (US) and Dentsply Sirona (US). The market growth in Asia-Pacific is expected to be driven by the increasing incidence of accidental injuries and rising medical tourism in developing countries.

COVID-19 Impact on Bone Graft and Substitute Market

The covid-19 outbreak posed significant challenges across verticals worldwide. It impacted the growth of the bone graft and substitute market negatively as the healthcare solutions other than covid-19 treatment declined due to fear of coronavirus infection. Also, supply chain disruptions due to the imposition of lockdown affected the product availability on time and thus, affected the market growth. 

Critical Questions Answered in the Report

• What are the key trends in the Bone Graft and Substitute market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the Bone Graft and Substitute market?
• What are the key strategies adopted by the major vendors to lead in the Bone Graft and Substitute market?
• What is the market share of the top vendors?

Get the full scope of the report. Register Here

Target Audience

Here is the list of the group of customers that the bone graft and substitute market hopes to have the greatest opportunity to convert-

• Bone graft and substitute distributors
• Bone graft and substitute suppliers
• Bone graft and substitute manufacturers
• Logistics organizations
• Government bodies

Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.