“In 2017, North America dominated the global bone graft market. Moreover, Europe is expected to be the fastest-growing region during the prediction period”.
Bone Graft Market: Introduction
Bone grafts are used to treat various disorders, including delayed union and non-union of fractures, congenital pseudarthrosis, and osseous defects from trauma, infection, and tumors. Additionally, they are also used in in plastic and facial surgery for reconstruction.
Bone grafting is a surgical procedure used to replace missing bone in order bone fractures that are complex and create a health risk to the patients.
Bone Graft Market Outlook
The prominent factors restraining the growth of the global bone grafts market are the excessive cost associated with the surgeries and risk of infection and disease transmission.
The bone grafts market has a developing potential owing to the continuous technological advancement in the healthcare sector and growing geriatric population. Increasing population under the risk of musculoskeletal conditions coupled with rising number of orthopaedic surgeries across the world are the major factors propelling the growth of the market.
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Bone Graft Market by Geography
By geography, the global bone graft market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and rest of the world. Rest of the world include Middle East & Africa and Latin America.
Factors such as rising patient population in the U.S. and Canada and increasing awareness among the end users about the use of bone graft are fuelling the growth of the bone graft market in North America.
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Bone Graft Market Key Players
Some of the key participants of the global the bone grafts market includes DePuy Synthes, Medtronic, NuVasive, Inc, Orthofix Holdings, Inc, Wright Medical Group N.V, AlloSource, Stryker, Baxter, Integra LifeSciences, Zimmer Biomet, XTANT MEDICAL, Johnson & Johnson, Arthrex, Inc, Musculoskeletal Transplant Foundation, etc. Mergers, acquisitions, partnership and new product launches are the prominent strategies used by the key players to reinforce their position in the market and widen their geographical presence. Recently, DePuy Synthes, part of the Johnson & Johnson Medical Devices Companies has announced an exclusive agreement in the United States between DePuy Synthes Sales Inc. and Prosidyan to promote the FIBERGRAFT and enhance the company’s biomaterials spine portfolio.
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