Bone Graft Substitute Market – Overview
Improvement in healthcare treatments is broadly due to the quality of equipment and materials used to treat the condition. Reports that appraise the medical device industry have been presented by Market Research Future, which creates reports on industry verticals that assess the market development and prospects. The Bone Graft Substitute Market Size is set to record earnings valued at USD 5,031.0 million by the end of 2027 while progressing at a CAGR of 6.52 % by 2027.
The perfection achieved in the surgical procedure has increased the use of bone graft substitutes that are successfully being used to treat a variety of medical ailments. Furthermore, the rising use of Autografts is expected to create new avenues for growth in the bone graft substitute market. Factors such as escalated demand stemming from military medical units to the incidence of a mounting geriatric population are expected to motivate the bone graft substitute market in the coming years.
Bone Graft Substitute Market Segmental Analysis
The segmental examination of the bone graft substitute market has been carried out on the basis of type, region, and application. On the basis of type, the bone graft substitute market has been segmented into autograft, demineralized bone matrix, bone morphogenetic protein, synthetic bone grafts, and others. The applications of the bone graft substitute market have been segmented into joint reconstruction, spinal fusion, dental, foot & ankle, long bone, and others. Based on the regions, the bone graft substitute market has been segmented into the Middle East, Europe, The Americas, Africa, and the Asia Pacific.
Bone Graft Substitute Market Regional Analysis
The regional overview of the bone graft substitute market comprises of regions such as the Middle East, Europe, The Americas, Africa, and the Asia Pacific. The US is responsible for a noteworthy market portion owing to the extensive use of medications and increased expenditure on health care. The rapid uptake of new technology and devices in the US is also a vital driver of the bone graft substitute market globally. The concentration of the foremost medical device manufacturers in the advanced regions is also adding momentum to the market’s growth. The European region is the following major region in the market due to high disposable income levels and increasing awareness concerning bone graft substitutes. The region in APAC is anticipated to increase rapidly and is projected that China and India will control the market. The Gulf nations like Saudi Arabia and UAE are driving the Middle East and African regional market. The African region is anticipated to observe moderate growth due to poor economic and political circumstances and lack of medical expertise.
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Bone Graft Substitute Market Competitive Analysis
The global economies are reacting to the market forces by implementing favorable policies and cutbacks so as prevent a slowdown in the progress of the market. The changes in the income levels globally are contributing to the growth of the market. The rise in individual discretionary spending is anticipated to lead to the progress of the market. The enhancement of the distribution channels is projected to motivate market growth relatively. The conducive nature of the monetary and fiscal policies is likely to lead to solid growth in the market. Moreover, the rise in International transactions is anticipated to bolster the expansion of the market considerably. The positive effect exerted by governments in the development of the market is expected to guide the market towards sound progress in the coming years. The disequilibrium noticed in the forces that are backing the growth of the market is expected to lead to a relatively slow pace of the growth.
The significant contenders in the bone graft substitute market are BioHorizons IPH, Inc., Dentium Co., Ltd., Stryker Corporation, Dentsply Sirona, Institut Straumann AG, ACE Surgical Supply Company, Inc., Medtronic plc, Zimmer Biomet and others.