Bone grafts are implantable materials that, due to their osteoconductive, osteogenic and osteoinductive properties, aid in bone healing, bone formation and bone reconstruction. Bone grafting is a surgical procedure performed to replace missing or defective bone with material from a patient, animal, cadaver, or other person.
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The global market for bone grafts and substitutes was $ 2,740 million in 2018 and is estimated to be $ 3,830 million by 2023, with a CAGR of 4.90% over the forecast period
Growth by region
North America had the largest market share in 2018 and will lead the market during the forecast period due to the increasing incidence of major bone fractures that require bone graft treatments. In addition, the prevalence of bone-related diseases such as osteoporosis and osteoarthritis is also increasing the demand for and expansion of bone grafts and substitutes in North America. The Asia-Pacific region is set to grow the fastest over the forecast period, largely due to growth in the overall bone grafts and substitutes market in countries like China, India, Japan, and Australia. Bone grafts and substitutes have become an integral part of the health care sector in the current scenario due to the increasing frequency of knee and hip replacement procedures in the region.
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Drivers and restrictions
The rise in the incidence of bone and joint diseases, technological advancements in the medical field, the development of biocompatible synthetic bone grafts, and the increasing demand for dental bone grafts are the main drivers driving the bone graft and substitute market. Gradual increase in the cost of operations and a strict regulatory approval process are the main factors hindering market growth.
Industry trends and updates
There are several trends in this market that have the potential to change the therapeutic approach and treatment landscape in the Bone Replacement Materials market. The latest technological trend is to replace these natural materials with alloplastic bone grafts such as ceramics and polymers as they can be made to the exact size and properties. In addition, recombinant DNA technology is being used to mix synthetic materials with growth factors to improve transplants and stem cell-based autografts. The better use of biotechnology is expected to improve the properties of synthetic bone grafts such as osteoconduction, osteoinduction and osteogenesis, etc.
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