Canada Bone Graft And Substitute Market Forecast 2023-2030

Canada Bone Graft And Substitute Market Forecast 2023-2030

KEY FINDINGS

The Canada bone graft and substitute market is expected to project a CAGR of 6.49% during the forecast period, 2023-2030. The aging population in Canada has led to an increased demand for bone graft and substitute procedures, as older individuals are more susceptible to bone-related conditions. Also, advancements in medical technology and materials have led to the development of more effective and biocompatible bone graft and substitute products.

MARKET INSIGHTS

One of the primary growth drivers of the Canada bone graft and substitute market is the growing awareness of the benefits of bone graft and substitute procedures among healthcare professionals and patients. The demand for hip and knee replacements is increasing in Canada, with over 138,500 procedures performed annually, costing an estimated inpatient expense of over $1.4 billion.

According to data from the Canadian Joint Replacement Registry (CJRR), in 2019-2020, Canada saw 63,496 hip replacements and 75,073 knee replacements. Osteoarthritis was the leading diagnosis for primary hip and knee replacement patients, accounting for 72.5% and 99.4%, respectively. Hip and knee replacement surgeries continue to be among the most common medical procedures in Canada, resulting in significant annual healthcare costs. This trend could potentially benefit the bone graft and substitute market, contributing to its growth.

COMPETITIVE INSIGHTS

Some of the eminent companies in the market include Allosource Inc Plc, Bioventus LLC, Baxter International Inc, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments