Title: The global bone grafts and substitutes market
1Bone Grafts and Substitutes Market Expected to
Reach 4,005.26 Million by 2031
2Bone substitutes are synthetic materials that are
designed to mimic the structure and function of
natural bone. They are made from a variety of
materials such as ceramics, metals, and polymers.
These substitutes can be used alone or in
combination with bone grafts to help promote bone
growth and healing. They are used in a similar
range of conditions as bone grafts such as spinal
fusion, fracture repair and bone cancer
treatment. The global bone grafts and
substitutes market size was valued at 2,586.30
million in 2021, and is projected to reach
4,005.26 million by 2031, growing at a CAGR of
4.5 from 2022 to 2031.
3COVID-19 scenario-
The outbreak of COVID-19 has made the key players
in the industry face issues in regards to the
availability of human resources for manufacturing
bone grafts substitutes at production
facilities, which in turn has impacted the market
negatively.
However, government bodies in several countries
have come up with relaxed norms and the market is
anticipated to revive soon.
4Key findings of the study
On the basis of type, the bone graft substitutes
segment was highest contributor to the market in
2021.
On the basis of application, the spinal fusion
segment dominated the bone grafts and substitutes
industry in terms of revenue in 2021. However,
the joint reconstruction segment is anticipated
to grow at the highest CAGR during the forecast
period.
On the basis of end user, the hospitals segment
dominated the bone grafts and substitutes
industry in terms of revenue in 2021.
Region wise, north america generated the largest
revenue in 2021. However, asia-pacific is
anticipated to grow at the highest CAGR during
the forecast period.
5KEY playerszimmer biomet holdings, inc.,
Nuvasive, inc., Baxter international inc.,
Medtronic plc, johnson johnson, arthrex, inc.,
Stryker corporation, xtant medical holdings,
inc., Integra lifesciences, orthofix holdings,
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