Market Trends of Global Bone Grafts and Substitutes Industry
This section covers the major market trends shaping the Bone Grafts & Substitutes Market according to our research experts:
Dental Segment is Poised to Grow Rapidly in the Bone Graft and Substitutes Market Over the Forecast Period
Certain factors that are propelling the segment growth are the rising incidence of dental diseases among the population, and increasing dental visits.
The increasing burden of dental diseases of tooth and cavities such as dental caries and periodontal diseases among the population is likely to increase the demand for dental surgeries that add volume and density to the jaws in areas where bone loss has occurred. For instance, according to an article published by the Clinical and Experimental Dental Research, in January 2022, titled "Periodontal disease prevalence, extent, and risk associations in untreated individuals", the prevalence of moderate-severe and severe periodontitis were 78.4% and 31.1%, respectively in 2020 (September to December 2020). In addition, as per the same source, it has been observed that periodontitis was prevalent and severe in untreated patients and the risk associated with untreated periodontitis included age 35 years, males, lower income, lower education, current cigarette smoking, uncontrolled diabetes mellitus, and lower perceived stress. Additionally, according to an article published by the International Dental Journal, in February 2021, titled, "Risk Indicators of Tooth Loss among the Mexican Adult Population: A Cross-Sectional Study", it has been observed that 57.2% of the tooth loss was due to tooth decay in Mexico, in 2020. This is expected to increase the demand for filling the void caused by the tooth which is expected to increase the demand for dental bone grafting, thereby fueling the market segment over the forecast period.
Furthermore, the rising adoption of various business strategies such as acquisition, collaboration, and product launches by the companies is also contributing to the growth of the market. For instance, in March 2022, Biocomposites signed an agreement with Zimmer Biomet to distribute the Genex Bone Graft Substitute. It is a biphasic composite of extraordinary purity that was created to achieve the ideal balance between osteoconductive scaffold strength and persistence in the body for bone architecture remodeling. Also, in January 2021, Dentsply Sirona acquired Datum Dental Ltd. With this acquisition, the company promotes the complete OSSIX portfolio, including OSSIX Plus, OSSIX Volumax, and OSSIX Bone, in the United States, Canada, and several other countries.
Thus, the aforementioned factors are expected to increase the segment growth, thereby boosting the market growth over the forecast period.
North America is Expected to Have the Significant Market Share Over the Forecast Period
North America is expected to dominate the bone graft and substitutes market over the forecast period owing to the factors such as the increasing prevalence of joint disorders and dental diseases, growing dental visits, rising technological advancement, and the presence of a well-established healthcare infrastructure.
The rising burden of dental diseases and joint-related disorders such as osteoarthritis, arthritis, and rheumatoid arthritis among the population is increasing rapidly which is likely to increase the demand for bone grafting procedures for removing small bones from grinding against each other to provide relief and remove the inflamed bone from the area, thereby propelling the market growth. For instance, according to Statistics Canada 2021, approximately 5.9 million adult Canadians had arthritis in 2020. The prevalence of arthritis increases with age and is higher among females. In addition, according to the updated data published by the Centers for Disease Control and Prevention (CDC), in October 2021, 23.7% (or about 58.5 million) people have doctor-diagnosed arthritis. Additionally, according to the Centers for Disease Control and Prevention (CDC) data updated in January 2021, 1 in 4 adults between 20-64 years of age suffer from at least one cavity, and almost 57% of adolescents aged 12-19 have had a hole in their permanent teeth.
Furthermore, with an increase in the geriatric population, there is a rise in the number of people suffering from various arthritis problems which increases the demand for bone grafting procedures thereby increasing the market growth. For instance, according to the data published by America's Health Ranking in 2021 Senior Report, more than 54 million adults aged 65 and older were living in the United States in 2021 which accounted for 16.5% of the total population in the same year. In addition, as per the same source, this number is projected to rise to an estimated 85.7 million, accounting approximately 20% of the total population, by 2050.
Moreover, the rising company's focus on research and development activities and increasing product launches are also contributing to the growth of the market. For instance, in July 2021, Orthofix Medical launched fiberFUSE Strip, an advanced demineralized fiber bone-graft solution containing cancellous bone. The fiberFUSE Strip is designed as an easy-to-apply premade bone-graft strip that can be used for degenerative spinal surgeries including posterior cervical, posterior lumbar, and thoracic procedures. Also, in September 2020, Spine Wave launched the Tornado Bioactive Bone Graft Matrix, a bioactive, osteoconductive, porous implant with the optimal composition and particle distribution of carbonate apatite anorganic bovine bone mineral, 45S5 bioactive glass, and highly purified Type I collagen. This launch strengthens the company's growing spinal biologics portfolio and marks its entry into the market for synthetic bioactive bone graft matrix implants.
Thus, considering the rising incidences of dental diseases and joint disorders, the growing geriatric population, and increasing product launches in the region, the bone grafts, and substitutes market is expected to grow rapidly over the forecast period.
