Bone Substitutes and Bone Allografts Market – Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Ana
Bone Substitutes and Bone Allografts Market – Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Global Bone Substitutes and Bone Allografts Market: By Product Type (Allografts, Bone Grafts Substitutes, and Cell-based Matrices), By Application (Spinal Fusion, Long Bone, Foot and Ankle, Craniomaxillofacial, Joint Reconstruction, and Dental Bone Grafting), and Geography - Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Global bone substitutes and bone allografts market was valued at US $ XX Mn in 2017 and expected to grow at XX% Compound Annual Growth Rate (CAGR) over 2018 to 2024
Market Outline: Bone Substitutes and Bone Allografts Market
Bone substitutes and bone allografts are the materials that are used to replace missing bones and gum tissues in the body. Bone substitutes are being increasingly used in surgery. Bone allografts can be used in any kind of surgery involving bone from minor defects to major defects such as loss of bone after tumor resection.
Market Dynamics: Bone Substitutes and Bone Allografts Market
Increase in the incidence of bone and joint fractures all across the globe is anticipated to drive the growth of the bone substitutes and bone allografts market. Growing geriatric population with bone-related issues and rising awareness among the people regarding the novel surgical procedures are attributed for the growth of the market. However, the high cost associated with the surgical procedure and risk of transmission of disease is challenging the growth of the bone substitutes and bone allografts market.
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Market Scope: Bone Substitutes and Bone Allografts Market
Bone substitutes and bone allografts market is segmented based on the product type, application, and region
Based on the product type, the market is segmented into the following:
• Allografts
• Bone Grafts Substitutes
o Bone Morphogenic Proteins (BMP)
o Synthetic Bone Grafts
• Cell-based Matrices
Based on the application, the market is segmented into the following:
• Spinal Fusion
• Long Bone
• Foot and Ankle
• Craniomaxillofacial
• Joint Reconstruction
• Dental Bone Grafting
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Regional Analysis: Bone Substitutes and Bone Allografts Market
Geographically, global bone substitutes and bone allografts market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America bone substitutes and bone allografts market is the dominant market when compared with that of the other regional markets. The technological advancements are the key factor anticipated to drive the growth of the bone substitutes and bone allografts market in this region. The growing number of bone surgeries is boosting the growth of the bone substitutes and bone allografts market. The presence of key players is adding fuel for the growth of the market in this region. Europe bone substitutes and bone allografts market is a prominent market. The Asia Pacific bone substitutes and bone allografts market is expected to grow significantly over the forecast period owing to burgeoning medical tourism in various countries.
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Competition Assessment: Bone Substitutes and Bone Allografts Market
Some of the players in the global bone substitutes and bone allografts market include:
• Medtronic (U.S)
• Stryker Corporation (U.S)
• AlloSource (U.S)
• Baxter (U.S)
• Orthovita, Inc. (U.S)
• Smith and Nephew Inc. (U.S)
• NuVasive, Inc. (U.S)
• Wright Medical Group N.V (U.S)
Notable Market Developments: Bone Substitutes and Bone Allografts Market
In June 2016, AlloSource, has launched two new innovative demineralized cortical fiber allografts, AlloFuse Cortical Fibers and the AlloFuse Fiber Boat, for use in a variety of spine and orthopedic procedures
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