Bone Grafts And Substitutes Market Size, Share & Trends Analysis Report By Material Type (Allograft, Synthetic), By Application (Craniomaxillofacial, Dental, Foot & Ankle, Joint Reconstruction), By Region, And Segment Forecasts, 2023 - 2030

Bone Grafts And Substitutes Market Size, Share & Trends Analysis Report By Material Type (Allograft, Synthetic), By Application (Craniomaxillofacial, Dental, Foot & Ankle, Joint Reconstruction), By Region, And Segment Forecasts, 2023 - 2030

Bone Grafts And Substitutes Market Growth & Trends

The global bone grafts and substitutes market size is anticipated to reach USD 4.5 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.3% from 2023 to 2030. The increasing prevalence of orthopedic disorders and a surge in the number of orthopedic surgeries are likely to drive the global bone grafts and substitutes market. In addition, technological advancements in developing advanced orthopedic grafts & substitutes and rising investments by leading players to meet increasing global demand for advanced grafts have further escalated the industry expansion.

The growing incidence of fractures is leading to an increase in the rate of grafting procedures. According to the International Osteo porosis Foundation, 8.9 million fractures are caused by osteoporosis every year around the world. Bone fractures affect almost 6.3% of men and 21.2% of women aged 50 and older across the globe. The global incidence of hip fractures is anticipated to increase by 310% in men and 240% in women by 2050. Thus, the increasing cases of bone fractures is likely to have a positive impact on market growth.

Moreover, technological advancements in terms of graft technologies and recent advances in 3D printing technology have driven the market at a significant pace. For instance, 3D printing technology has enabled the creation of custom-designed grafts and substitutes that match the patient's anatomy. In addition, this technology allows for better fit and integration, reducing the risk of rejection and improving healing time. Some of the examples of 3D printed graft products are, P3D bone of Ossiform, CT-Bone from XILLC, among others.

Furthermore, rising demand for advanced grafts and substitutes from hospitals & orthopedic clinics is pushing manufacturers to launch innovative, advanced and cost-efficient products. For instance, in June 2022, AlloSource announced the addition of AlloFuse Microfibers Demineralized Bone allograft for use in foot & ankle, spinal, and other orthopedic procedures. The newly added product is made of 100 percent demineralized cortical bone and does not contain any type of carrier. In addition, in March 2020, Orthofix Medical Inc. launched O-GENESIS, a bone graft delivery system. It also introduced AlloQuent, a structural Allograft Q-Pack for allograft procedures. This significantly enhanced the company’s offerings.

Bone Grafts And Substitutes Market Report Highlights

• Based on the material type the allograft segment held the largest revenue share in 2022 owing to,its properties such as, osteoconductivity, and immediate structural support
• In application, spinal fusion segment dominated the the industry in 2022, whereas, dental segment is anticipated to witness fastest growth rate during the forecast period
• Some of the leading players include Smith & Nephew, Medtronic, and DePuy Synthes, as they have maintained their market position during the forecast period in terms of product penetration, regional presence, revenue, as well as strategic initiatives

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