Bone Allografts Market to Grow with a CAGR of 7.25% through 2028
Rising incidence of musculoskeletal disorders and increasing
sports injuries are factors driving the Global Bone Allografts Market in the forecast period 2024-2028.
According to TechSci
Research report, “Bone Allografts Market – Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2028”, the Global Bone
Allografts Market stood at USD 1.45 billion in 2022 and is anticipated to grow
with a CAGR of 7.25% in the forecast period, 2024-2028.
The global bone allografts market has experienced significant growth in
recent years, driven by various factors that contribute to the increasing
demand for these medical products. Bone allografts are grafts of bone tissue taken
from a donor and used in various medical procedures to repair or replace
damaged or missing bone. They play a crucial role in orthopedic and dental
surgeries, as well as in the treatment of bone-related disorders.
One of the
primary drivers of the global bone allografts market is the increasing
prevalence of musculoskeletal disorders such as osteoporosis, osteoarthritis,
and bone fractures. As the global population ages and becomes more susceptible
to these conditions, the demand for bone allografts for reconstructive
surgeries and bone regeneration continues to rise. The ability of bone
allografts to aid in the healing and restoration of bone structures makes them
an essential component of orthopedic care.
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Advancements in
surgical techniques have expanded the applications of bone allografts, making
them more versatile and effective. Minimally invasive surgical procedures and
the development of innovative implant materials have increased the demand for
bone allografts in various orthopedic and dental surgeries. These advancements
have not only improved patient outcomes but have also made bone allografts a
preferred choice for many surgeons.
The
growing popularity of sports and physical activities has led to an uptick in
sports-related injuries, including bone fractures and ligament tears. Athletes
and active individuals often require surgical interventions to repair damaged
bones and tissues. Bone allografts are frequently used in such procedures due
to their ability to support the healing process and restore normal bone
function. As sports continue to gain prominence worldwide, the demand for bone
allografts in sports medicine is expected to rise.
The
global population is aging rapidly, with a significant proportion of elderly
individuals experiencing bone-related issues such as osteoporosis and
degenerative joint diseases. As older individuals seek treatment to maintain
their mobility and quality of life, the demand for bone allografts in joint
replacement surgeries and spinal fusion procedures is expected to increase
substantially. The geriatric population's healthcare needs are driving the
growth of the bone allografts market.
Continuous
research and development efforts have led to the creation of advanced bone
grafting products with improved safety and efficacy profiles. These innovations
include the development of demineralized bone matrix (DBM), synthetic bone
grafts, and bioactive materials that enhance the regenerative properties of
bone allografts. As these products gain regulatory approvals and enter the
market, they stimulate further growth in the bone allografts industry.
The Global Bone
Allografts Market is segmented into Application, Type, End user and company.
Based on End
user, the hospitals & dental clinics segment has emerged as the
predominant market leader. Hospitals are
the primary facilities for orthopedic surgeries, which frequently require bone
grafts for successful outcomes. These procedures include knee and hip
replacements, fracture repairs, and bone fusion surgeries. Many hospitals are affiliated with research and
development centers, allowing them to access the latest innovations in bone
graft materials and surgical techniques. Hospitals
often have specialized orthopedic departments staffed with skilled surgeons who
can perform complex bone graft procedures.
Based on region,
North America segment is expected to grow during the forecast period. The
United States and Canada have well-established regulatory frameworks governing
the use of bone allografts. These regulations ensure the safety and efficacy of
bone graft products, instilling confidence in patients and healthcare providers.
The Asia Pacific
region is experiencing rapid market growth. The region has efficient
distribution networks, making it easier for manufacturers to reach healthcare
providers and consumers. This accessibility contributes to market dominance.
Major companies
operating in Global Bone Allografts Market are:
- Zimmer
Biomet inc.
- Medtronic
inc.
- Lynch
Biologics, LLC
- Biomatlante
S.A
- Stryker
Corporation
- Royal
Biologics, Inc.
- Johnsons
& Johnsons
- Smith &
Nephew plc
- Baxter
International Inc
- Xtant
Medical Hldgs.
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“The global bone
allografts market is poised for continued growth due to several market drivers,
including the rising incidence of musculoskeletal disorders, advancements in surgical
techniques, increasing sports injuries, the expanding geriatric population,
technological innovations, and favorable reimbursement policies. These factors
collectively contribute to the increasing demand for bone allografts across
various medical specialties, making it a lucrative and dynamic market for
manufacturers and healthcare providers alike. As medical technology continues
to advance, the bone allografts market is likely to evolve further, providing
even better treatment options for patients with bone-related conditions.,” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“Bone Allografts Market By Application (Dental, Spine, Reconstruction &
Traumatology, Others), By Type (Cortical Bone Allografts, Cancellous Bone
Allografts, Corticocancellous Bone Allografts, Demineralized bone Matrices),
By End-user (Hospitals & Dental Clinics, Orthopedic & Trauma Centers,
Others), By
Region, By Competition Forecast & Opportunities, 2018-2028F”,
has evaluated the future growth potential of Global Bone Allografts Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Bone Allografts Market.
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