The global bone allografts and xenografts market size was significantly robust in 2022 and is expected to register a steady revenue CAGR over the forecast period. Key factors driving market revenue growth are increasing trauma incidents around the world, improved medical infrastructure, and rising investments in research and development activities.
Grafting is a surgical technique in which bone is transplanted for bone repair and rebuilding. A bone transplant restores structural integrity or fills up a gap where a bone has been lost. An organ or tissue transplant from one individual to another of same species but with a different genotype. An allograft, for instance, is a transplant from one individual to another who is not an identical twin. Many human transplants, including those from cadaveric, living related, and living unrelated donors, are allografts. A homograft is also known as an allogeneic graft. A clean bone from a deceased donor is used in an allograft bone replacement. Allografts are commonly employed during hip, knee, and other long bone surgeries.
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A tissue or organ produced from a species other than receiver of the specimen is referred to as a xenograft. They are effective research tools in cancer and crucial for healing wounds in clinics. When a person is severely burned or damaged and substantial portions of skin are missing, xenografts are utilized to temporarily restore afflicted parts. Utilization of bone transplant from other species is employed in xenograft bone replacement, and xenografts are used in periodontal regeneration and implant therapy. Compound fractures are treated with bone grafting, which is commonly employed in spinal fusion surgeries. Bone grafts can be used to treat spinal fractures, anchor a repaired spinal deformity, and prevent mobility between two or more vertebral bodies. Bone transplant does not immediately fuse or mend the spine, but it does provide a scaffold or foundation for the patient’s body to create a new bone.
Major Factors Driving Growth Of The Global Bone Allografts and Xenografts Market:
Rising demand for a variety of orthopaedics operations is one of the main factors expected to drive market revenue growth. Spine operations such as spinal fusion procedures for treatment of difficult fractures as well as management of trauma cases are among major application areas of these product offerings. Bone graft replacements are an excellent therapy option resulting in rising demand for bone allograft and xenograft procedures. In addition, development of advanced products that offer various advantages over other sources, including a decreased risk of morbidity, high sterility, and an endless supply will contribute to growth of the market over the forecast period.
Factors Restraining Growth Of The Global Bone Allografts and Xenografts Market:
Certain clinical constraints such as adverse side effects resulting from administration of these goods are expected to hinder market growth. Although, they are regarded as gold standard in bone grafts in certain locations, significant risk of infections and morbidity associated with autogenous and allograft bone transplants leads to high adoption of synthetic product types. Clinical constraints associated with some types of bone graft replacements are further expected to hinder growth of the market.
Opportunities For Players Operating In The Global Bone Allografts and Xenografts Market:
Continuous R&D activities by companies to generate unique product offerings is one of the most common trends in the market. This is encouraged by rising need for effective bone graft replacements for bone-related occurrences such as simple and severe fractures and trauma. Similarly, an increase in number of orthopaedics surgical operations such as spine surgeries is likely to provide lucrative opportunities for market players. In addition to this, increase in number of orthopaedics patients who expect improved treatment outcomes is expected to support market growth.
Global Bone Allografts and Xenografts Market Revenue Led By Product Type Segment:
Based on product, the allograft segment is expected to register robust revenue growth rate over the forecast period. Technological advancements and increasing healthcare spending are some factors expected to drive growth of this segment.
Global Bone Allografts and Xenografts Market Leading Application Segment:
Spinal fusion is a procedure that is performed to treat problems in the spine caused by tiny bones. The main concept is to fuse two or more vertebrae into a single, solid bone. Rising number of geriatrics with spinal disorders is expected to contribute to growth of the spinal fusion segment over the forecast period.
Global Bone Allografts and Xenografts Market Leading End-Use Segment:
Due to rising number of patients who rely on these medical settings for crucial orthopaedics treatments such as spinal fusion and joint reconstruction surgeries, the hospital sector is expected to be the most dominating section of the worldwide market during the forecast period.
The specialist clinics segment is expected to register significantly steady growth rate. In both affluent and developing countries, a rising number of patients seek professional and focused orthopaedics care in these settings.
North America Accounts For Largest Revenue Share In Global Bone Allografts and Xenografts Market:
North America is expected to dominate due to rising demand for orthopaedics procedures and widespread usage of improved bone graft alternatives such as synthetic product offers. New product releases reinforced by high medical spending and presence of significant corporations are also contributing to growth of the market in this region. Due to increasing adoption of technologically advanced bone graft replacements, rising medical spending, and a high volume of orthopaedics procedures in the area, Europe is expected to be the second-most prominent market during the forecast period.
Asia Pacific Continues To Lead In Terms Of Revenue CAGR:
The Asia Pacific bone allografts and xenografts market is expected to register the fastest growth in CAGR over the forecast period. This is owing to availability of a large prospective patient population, rising demand for and acceptance of advanced bone graft implants, and improved healthcare facilities, further leading to high demand for critical orthopaedics surgery.
Due to the expansion of healthcare infrastructure, increasing healthcare spending, and existence of large firms in Latin America and the Middle East and Africa are two more areas with considerable growth potential going ahead. Furthermore, increasing public awareness and rising demand for effective orthopaedics surgeries for improved treatment outcomes are expected to boost the market growth.
Major Companies Profiled In The Report:
- DePuy Synthes Companies
- RTI Surgical Holdings, Inc.
- Zimmer Biomet
- Smith & Nephew plc
- Wright Medical Group N.V.
- MTF Biologics
- Orthofix Holdings, Inc.
- Exactech, Inc.
- Aesculap, Inc.
Strategies And Objectives Of Major Companies:
- In 2020, Stryker announced its acquisition of Wright Medical Group N.V., a medical device company specialized in extremities and biologics. This acquisition further strengthens Stryker’s portfolio.
- In September 2019, Influx Decriminalize Bone Matrix (DBM) Putty was launched by Isto Biologics, with an aim to expand the company’s Influx range.
- In February 2019, Grafton Decriminalize bone matrix as made available in Japan for use in orthopaedics treatments, according to Medtronic.
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This report offers historical data points and forecasts and revenue growth at a global, regional, and country level, and provides analysis, industry trends, and consumption pattern details for each region, major country, and segment from 2023 to 2032. The global market report includes industry trends, drivers, restraints, opportunities, threats, market strategies, segment revenue, and market share contribution by each regional and country market. In addition, the report offers industry analysis and competitive landscape, company financial, and impact analysis. The report includes a detailed view of the global market, along with changing dynamics and trends, scenarios, detailed market and regional segmentation, regional landscape, analysis and evaluation, major investments, product offerings, product launches, and details of historical, current, and projected revenues.
Detailed Segmentation In Our Report:
For the purpose of this report, the global bone allografts and xenografts market is segmented on the basis of product type, application, and region:
Product Type Outlook (Revenue, USD Billion; 2023-2032)
Application Outlook (Revenue, USD Billion; 2023-2032)
- Spinal Fusion
- Bone Trauma
Region Outlook (Revenue, USD Billion; 2023-2032)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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