The latest report by IMARC Group, titled “Bone Graft and Substitutes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, finds that the global bone graft and substitutes market size reached US$ 2.6 Billion in 2018. Bone graft and substitutes play a crucial role in facilitating and enhancing the healing process of damaged bones. They are either made of biological components such as demineralized bone matrix, platelet-rich plasma and hydroxyapatite, or synthetic materials, including tricalcium phosphate ceramics, calcium sulfate, bioactive glasses and other polymer-based substitutes. They come in multiple forms ranging from pellets and moldable putty to injectables and solid blocks. Nowadays, bone grafts and substitutes are widely being used in facial and spinal surgeries, complex fracture treatments and wound healing as they help in new bone formation, bone healing and osseous reconstruction.
Global Bone Graft and Substitutes Market Trends:
Over the past few years, there has been a rise in the number of people who have rheumatoid arthritis, osteoarthritis, and other joint disorders. Owing to this, several market players have developed bone graft materials and technologies, such as 3D printing or prototyping. They have also improved ceramic and polymer-based bone grafts that have superior biological properties. This, in turn, has increased the demand for bone grafts and substitutes, especially among the geriatric population across the globe. Besides this, researchers are also focusing on developing biologic alternatives that will enhance the functionality of the bone graft substitutes and potentially reduce or eliminate the need for autografts. Owing to these factors, the market value is projected to reach US$ 3.4 Billion by 2024, expanding at a CAGR of around 5% during 2019-2024.
Market Summary:
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