What is synthetic bone graft?
Synthetic bone graft, which is artificially produced, bulks up or extends the supply of available autograft bone (bone harvested from your own body). There are many extender biomaterials and tissues available, and their properties depend heavily on their origin and how they are processed.
Rise in incidences of musculoskeletal conditions, technological advancements in medical devices, and development of biocompatible synthetic bone grafts fuel the growth of the global bone grafts and substitutes market. On the other hand, high cost of surgeries and ethical issues related with bone grafting procedures impede the growth to some extent. However, emerging market opportunities are expected to be beneficial for the market.
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The global Bone Grafts And Substitutes Market was pegged at $2.65 billion in 2020 and is estimated to hit $3.36 billion by 2028, registering a CAGR of 4.3% from 2021 to 2028.
The increase in number of patients suffering from bone-related diseases, and surge in elderly population further fuels the growth of the bone grafts and substitutes market
Onkar Sumant
COVID-19 scenario-
- The outbreak of COVID-19 has made the key players in the industry face issues in regards to the availability of human resources for manufacturing bone grafts & substitutes at production facilities, which in turn has impacted the market negatively.
- However, government bodies in several countries have come up with relaxed norms and the market is anticipated to revive soon.
The global bone grafts and substitutes market is analyzed across type, application, and region. Based on type, the bone graft substitutes segment accounted for more than half of the total market share in 2020 and is expected to lead the trail by the end of 2028. The cell based matrices segment, on the other hand, would project the fastest CAGR of 5.1% from 2021 to 2028.
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By product, the bone grafts and substitutes market is segmented into allografts, bone grafts substitute and cell-based matrices. The cell-based matrices (CBM) segment is projected to be the fastest growing segment, with a CAGR of 5.1% from 2021 to 2028, as these materials serve as a cell-based bone grafts substitute that use cells to generate tissue alone or in combination with support matrix. In addition, the exclusive features of CBM such as reproducibility, and cost-effectiveness have fueled the market growth.
Major players that operate in this market include Arthrex, Inc., Baxter International Inc., Integra LifeSciences Holdings Corporation, Johnson & Johnson (DePuy Synthes), Medtronic Plc., Musculoskeletal Transplant Foundation, NuVasive, Inc., Stryker Corporation, Xtant Medical Holdings, Inc., and Zimmer Biomet Holdings, Inc.
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