Global Bone Grafts and Substitutes Market Size (2024 - 2029)

Bone Grafts and Substitutes Market Analysis

The Bone Graft and Substitutes market is anticipated to grow with a CAGR of 4% during the forecast period (2022-2027).

The emergence of the COVID-19 pandemic had its impact on the bone graft and substitutes market due to the decline in visits to hospitals, ambulatory surgical centers, and dental clinics because of lockdown restrictions imposed by various governments globally. Due to these restrictions, non-emergency procedures were halted in the hospitals, which have impacted the patient's life. For instance, the American Dental Association (ADA) recommended that elective dental procedures be postponed until April 6, 2020, and dental practices should provide emergency-only dental services. Additionally, a research study published by the Spine Journal, in December 2021, titled "COVID-19 pandemic and elective spinal surgery cancelations - what happens to the patients?" stated that due to the reallocation of resources to the care of COVID-19 patients, the COVID-19 pandemic resulted in a suspension of elective procedures. Following the start of elective surgeries, a considerable number of patients continued to postpone surgery, with many still waiting to be rescheduled, potentially prolonging their discomfort and impairment of function. The study concluded that over one-third of the elective spine procedures that were canceled due to COVID-19 had not been performed in the eight months since the procedures were resumed. Such instances are anticipated to have an adverse impact on the surgical procedures further decreasing the demand for bone grafting, thereby impacting the market growth.

The major factors driving the growth of the bone graft and substitutes market include the rising number of road injuries and joint disorders, development of biocompatible synthetic bone grafts and increase in demand for dental bone grafts.

The rising incidence and prevalence of road injuries and joint disorders respectively are the key factor driving the demand for bone grafting. For instance, as per the United States Department of Transportation's National Highway Traffic Safety Administration 2021 data, an estimated 20,160 traffic fatalities occurred in the first half of 2021 in the United States, an increase of 18.4% from the previous year. In addition, in comparison to the projected rate of 1.28 fatalities per 100 million vehicle miles travelled (VMT) in the first half of 2020, the fatality rate for the first half of 2021 increased to 1.34 fatalities per 100 million vehicle miles travelled (VMT). Thus, the growing burden of road accidents and the subsequent increase in bone related injuries is expected to drive the market growth.

Also, according to an article published by the Journal of Family Medicine and Primary Care, in January 2021, titled "Prevalence of knee osteoarthritis, its determinants, and impact on the quality of life in elderly persons in rural Ballabgarh, Haryana", it has been observed that 64.3% of the elder population were suffering from knee osteoarthritis in 2020. In addition, the elderly patients with knee osteoarthritis have considerably poorer quality-of-life. Similarly, according to the October 2021 data published by the Centers for Disease Control and Prevention, about 78.4 million adults aged 18 years and older are expected to have doctor-diagnosed arthritis by 2040. Thus, the increasing number of joint disorders among population is expected to increase the demand for bone grafting procedure to correct the altered bone or replace the inflammed or non-functional bone, thereby boosting the market growth over the forecast period.

Furthermore, the rising company activities in launching advanced products is expected to increase the demand for bone graft and substitutes for the treatment, thereby boosting the market growth. For instance, in August 2021, Karolinska Development launched OssDsign Catalyst, a synthetic bone graft that stimulates the formation of healthy bone tissue in spinal fusion surgeries, in the United States. This launch is likely to assist the company to establish itself on the bone graft market in the largest geographic market for medical device innovations.

However, the factors such as the high cost of surgeries and ethical issues related to bone grafting are likely to restrain the market growth over the forecast period.

Bone Grafts and Substitutes Industry Segmentation

As per the scope of the report, bone graft is a surgical procedure in which diseased or damaged bones are repaired and rebuilt using transplanted bone. These are implantable materials that promote bone healing, bone formation, and osseous reconstruction, due to their osteoconductive, osteogenic, and osteoinductive properties. Bone grafts can also be used to fill voids, in case of the absence of bones or to provide structural stability. The Bone Grafts and Substitutes market is segmented by Product (Allografts, Bone Graft Substitutes, Other Products), Application (Craniomaxillofacial, Dental, Joint Reconstruction, Spinal Fusion, Other Applications), and Geography (North America, Europe, Asia-Pacific, Middle East, and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD million) for the above segments.