Pune, Jan. 11, 2021 (GLOBE NEWSWIRE) -- The global bone graft substitutes market size is expected to reach USD 3.93 billion by 2027 while exhibiting a CAGR of 5.1% between 2020 and 2027. This is attributable to the increasing R&D initiatives and the growing adoption of synthetic bone graft substitutes globally. Fortune Business Insights in its latest report. Observes that the market stood at USD 3.18 billion in 2019.
Bone grafting is a type of surgical procedure that aids in restoring a displaced bone with bone grafts or substitutes. It helps to efficiently fix bone fractures that may pose a significant health risk to the patient.
Increasing R&D Initiatives to Feed Market Growth
In July 2020, Baxter received the FDA clearance for its Altapore Shape bioactive bone graft specially designed to enhance bone growth. Several companies are focusing on R&D initiatives to develop advanced bone graft substitutes. In addition to this, the increasing adoption of synthetic graft substitutes due to their beneficial properties such as high sterility, lower risk of morbidity, and abundant availability of raw materials is expected to contribute to the global bone graft substitutes market growth during the forecast period.
Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/bone-graft-substitutes-market-103106
Synthetic Segment Held 29.3% Market Share in 2019
Based on type, the synthetic segment held a market share of about 29.3% in 2019 and is expected to showcase considerable growth during the forecast period. This is ascribable to factors such as the increasing adoption of synthetic procedures due to their lowered risk of infection.
COVID-19 Impact: Market to Experience -12.6% Decline in 2020
The COVID-19 pandemic has led to the healthcare institutions focusing on treating people suffering from the disease. In contrast, several elective medical procedures and orthopedic surgeries have either been canceled or postponed. Based on our analysis, the market will exhibit a huge decline of -12.6% in 2020 due to the aforementioned reasons. However, the market will return to normalcy once the pandemic is over.
Click here to get the short-term and long-term impact of COVID-19 on this Market.
Please visit: https://www.fortunebusinessinsights.com/bone-graft-substitutes-market-103106
North America to Remain at Forefront; Presence of Prominent Players to Aid Growth
Among all the regions, North America is expected to hold the highest position in the global bone graft substitutes market in the forthcoming years. This is attributable to the presence of established players that are developing advanced bone graft substitutes in the region between 2020 and 2027. North America stood at USD 1.27 billion in 2019.
On the other hand, Europe is expected to hold the second position in the market backed by the increasing number of orthopedic surgeries in the region.
Merger and Acquisition by Major Companies to Strengthen Their Market Positions
The global market comprises small, medium, and large companies focusing on maintaining their presence. The large companies are focusing on acquiring other small companies to expand their bone graft substitutes portfolio and further strengthen their market positions. Moreover, the adoption of organic and inorganic strategies by other key players is expected to bode well for market growth in the forthcoming years.
Quick Buy - Bone Graft Substitutes Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/103106
Industry Development:
- November 2020 – Stryker announced the acquisition of Wright Medical Group N.V., a medical device company focused on extremities and biologics. This acquisition is expected to strengthen Stryker’s bone graft substitutes portfolio aid in maintaining its dominance.
List of the Companies Profiled in the Global Market:
- Medtronic (Dublin, Ireland)
- DePuy Synthes Companies (Johnson & Johnson Services, Inc.) (New Brunswick, U.S.)
- RTI Surgical Holdings, Inc. (Alachua, U.S.)
- Stryker (Kalamazoo, U.S.)
- Zimmer Biomet (Warsaw, U.S.)
- Smith & Nephew plc (London, U.K.)
- Wright Medical Group N.V. (Amsterdam, The Netherlands)
- SeaSpine (Carlsbad, U.S.)
- AlloSource (Centennial, U.S.)
- Bioventus (Durham, U.S.)
- MTF Biologics (Edison, U.S.)
- Orthofix Holdings, Inc. (Lewisville, U.S.)
- Exactech, Inc. (Gainesville, U.S.)
- Aesculap, Inc. (B. Braun Company) (Tuttlingen, Germany)
- Other Players
Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/bone-graft-substitutes-market-103106
Table of Contents:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Recent Industry Developments Such as Mergers & Acquisitions
- Insights on Funding Scenario Pertaining to Research and Development of Bone Grafts Substitutes
- Product Pricing Analysis
- Industry Background Pertaining to Bone Graft Substitutes
- Key Industry Trends
- New Product Launches
- Impact of COVID-19 on Bone Graft Substitutes Market
- Global Bone Graft Substitutes Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Type
- Autografts
- Allografts
- Demineralized Bone Matrix (DBM)
- Synthetic
- Polymer
- Ceramic
- Hydroxyapatite
- Beta TCP
- Others
- Xenograft
- Market Analysis, Insights and Forecast – By Application
- Spinal Fusion
- Joint Reconstruction
- Foot & Ankle
- Others
- Market Analysis, Insights and Forecast – By End User
- Hospitals
- Specialty Clinics
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/customization/bone-graft-substitutes-market-103106
SECONDARY RESEARCH IS CONDUCTED TO DERIVE THE FOLLOWING INFORMATION:
- Details such as revenues, market share, strategies, growth rate, product & their pricing by region/country for all major companies
- Details in relation to prevalence, incidence, patient numbers, distribution of patients, average price of treatment, etc.
- Number of end user facilities by region/country and average annual spending or procurement of devices by type of end user facility
- Number of procedures and average price of procedures
- Replacement rate and pricing of capital equipment
- Market dynamics in relation to the market under focus – Drivers, restraints, trends, and opportunities
- Market & technological trends, new product developments, product pipeline.
Have a Look at Related Reports:
Lung Cancer Therapeutics Market Share and Global Trend By Therapy (Targeted, Therapy, Immunotherapy, Chemotherapy), By Cancer Type (Non-small cell lung cancer (NSCLC), Small cell lung cancer (SCLC)), By Distribution Channel(Hospital Pharmacies, Retail Pharmacies, Online Pharmacies) and Geography Forecast till 2026
Non Small Cell Lung Cancer Therapeutics Market Share and Global Trend by Therapy (Targeted Therapy, Immunotherapy, Chemotherapy), Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), Cancer Type (Adenocarcinoma, Squamous cell carcinoma, Large cell carcinoma), Geography Forecast till 2026
Rheumatoid Arthritis Therapeutics Market Share and Global Trend By Product Type (Biologics, Non-Biologics), Distribution Channels (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy) & Geography Forecast till 2025
Adult Malignant Glioma Therapeutics Market Share and Global Trend Product By Therapy (Chemotherapy, Radiotherapy, Targeted therapy) By Disease (Glioblastoma Multiforme, Anaplastic Astrocytoma, Anaplastic Oligodendroglioma) By End User(Hospitals, Specialty Clinics, Cancer and Radiation Therapy Centers) and Geography Forecast
Sterilization Wraps Market Share and Global Trend By Material Type (Cellulose Pulp, Polypropylene), By Type (Reusable Wraps, Disposable Wraps), By Distribution Channel (Retail Pharmacies, Hospital Pharmacies), By End User (Clinics, Hospitals, Ambulatory Surgery Centres) Geography Forecast till 2026
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
LinkedIn | Twitter | Blogs
Subscribe via RSS
Pune INDIA
