Dental Bone Graft Substitutes Market 2022 Growth to Witness Steady Development During 2022 to 2030
Market Synopsis:
Market Research Future (MRFR)’s latest study reveals that the
global Dental Bone Graft
Substitutes Market is expected to expand at 6.52% CAGR during
the forecast period 2022 to 2030. The market is set to reach a valuation of USD
5,031 Mn by the end of the assessment period. The increasing prevalence of
diseases related to bones has intensified the demand for bone graft
substitutes. Additionally, the rising awareness about the developments in bone graft
substitutes coupled with rising healthcare expenditure is likely to augment the
market size and revenue over the next couple of years.
The painful procedure related to autografts have paved the way for
developments in the Dental
Bone Graft Substitutes Market. Hence, the demand for
alternatives such as allografts, xenografts, and synthetic bone grafts has been
on the rise. It is projected to aid the proliferation of the market in the
forthcoming years by accelerating its adoption.
Market Segmentation:
·
By type, the global bone graft
substitutes market is segmented into autograft, demineralized bone matrix,
synthetic bone grafts, bone morphogenetic protein, and others.
·
By application, the bone
graft substitutes market has been segmented into spinal fusion, joint
reconstruction, long bone, dental, foot & ankle, and others.
Competitive Dashboard:
Sone of the key players profiled in the report includes
ACE Surgical Supply Company, Inc., Dentium Co., Ltd., BioHorizons
IPH, Inc., Dentsply Sirona, Medtronic plc, Stryker Corporation, Zimmer Biomet,
and Institut Straumann AG.
The growth of the bone graft substitutes market is guided by the
factors such as increasing orthopedic problems, exponential geriatric
population, and rising demand for reconstructive orthopedic treatments. The
adoption of bone graft substitutes in the oral healthcare sector is another
factor responsible for catalysing the growth of the bone graft substitutes market
through the assessment period.
The dental
bone graft membrane market is poised to remain highly lucrative
in the foreseeable future. However, risks associated with disease transmission
in allografts and xenograft as well as graft rejection, improper fixation, etc.
are prognosticated to restrict the market expansion over the forecast period.
Regional Insights:
By region, the global bone graft substitutes market has been
segmented into Americas, Europe, Asia Pacific, and the Middle East & Africa.
Americas accounted for the largest share of the global market in 2016. It is
expected to retain a significant share of the market by the end of 2027
striking a CAGR of 6.1%. The growth is attributable to the technological
advancements in health care, the presence of key players, etc. The developed
healthcare sector of the U.S. is poised to be one of the primary revenue
generators in the regional bone graft substitutes market.
Europe is the second largest market for bone graft substitutes. It
is estimated to thrive at 6.76% CAGR owing to increasing awareness about bone
graft substitutes and rising healthcare expenditure. Meanwhile, Asia Pacific is
set to register a relatively higher CAGR of 6.85% during the forecast period.
The presence of fast-developing economies such as China and India are immensely
supporting the growth of the bone graft substitutes market in the region. The
trend is likely to perpetuate over the next couple of years.
The Middle East & Africa is expected to exhibit steady growth
due to the developments in the healthcare sector in Gulf nations. However, the
poor socio-economic situation in African regions remains an impediment to the
market growth.
Industry Developments:
·
In August 2018, Bone Support, a Scandinavian orthobiologics company,
won Health Canada approval for Cerement G bone graft substitute.
·
In September 2018, Baxter International Inc., an American
healthcare company, received FDA clearance for its Actifuse Flow bone graft
substitute. It shall be used in orthopedic surgical procedures.
Related Report-
·
Integrated
Operating Room Management Systems Market Research Report - Forecast to 2027
·
Dental
Surgical Instruments Market Research Report - Global Forecast till 2027
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