Evolution of technologically advanced products such as biocompatible synthetic bone grafts and high prevalence of bone and joint disorders among geriatric

PORTLAND, OREGON, UNITED STATES, October 7, 2021 /EINPresswire.com/ -- According to the report by Allied Market Research, titled, "Bone Grafts and Substitutes Market by Product (Allografts, Bone Grafts Substitutes, and Cell Based Matrices) and Application (Spinal fusion, Trauma, Craniomaxillofacial, Joint Reconstruction, and Dental Bone Grafting): Global Opportunity Analysis and Industry Forecast, 2021–2028". The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.

Rapid development of novel bone grafts materials such as biocompatible synthetic bone grafts and rise in prevalence of bone and joint disorders are the major factors driving the growth of the global bone grafts and substitutes market. Moreover, surge in the number of patients suffering from rheumatoid arthritis, osteoarthritis, and other joint disorders have supplemented the market growth. However, high cost of surgeries and several ethical issues associated with bone grafting procedures have hampered the market development. On the contrary, increasing inclination of key market players toward R&D activities and surge in demand for orthopedic procedures among geriatric population would provide lucrative opportunities for the market leaders in the coming years.

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Major applications of bone grafts and substitutes

The report offers an in-depth analysis of the various applications of bone grafts and substitutes, including spinal fusion, trauma, joint reconstruction, dental bone grafting, and craniomaxillofacial. The spinal fusion segment dominated the global bone grafts and substitutes market in 2017 and is expected to hold the largest share in the global market through 2025, contributing about 45%. However, the joint reconstruction segment would witness the fastest CAGR of 6.2% through 2025, owing to rise in demand for joint reconstruction among patients suffering from rheumatoid arthritis, osteoarthritis, and other joint disorders.

Asia-Pacific to be fastest-growing, North America to generate highest revenue

In 2017, the North America region garnered $1.61 billion, contributing more than half of the market share, owing to favorable reimbursement rates and rise in the incidence of orthopedic disorders. However, Asia-Pacific would manifest the fastest CAGR of 7.3% during the study period. The other regions analyzed in the report are Europe and Latin America, Middle East and Africa (LAMEA).

Comprehensive competitive analysis and profiles of major market players, such as

Medtronic plc
DePuy Synthes
Wright Medical Group N.V.
Xtant Medical Holdings, Inc. (Bacterin)
Baxter International Inc.
Stryker Corporation
Integra Lifesciences Holdings Corporation
Zimmer Biomet Holdings, Inc.
Arthrex, Inc.
Musculoskeletal Transplant Foundation (MTF)

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Key Benefits For Stakeholders

The study provides an in-depth analysis of the Bone Grafts and Substitutes Market along with the current trends and future estimations to elucidate the imminent investment pockets.

It offers Bone Grafts and Substitutes Market analysis from 2020 to 2030, which is expected to enable the stakeholders to capitalize on the prevailing opportunities in the market.

A comprehensive analysis of four regions is provided to determine the prevailing opportunities.

The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the global Bone Grafts and Substitutes Market growth.

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About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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