Bone graft is the scientific technique which involves dealingwith the problemassociated with bone disease by replacement material. Bone graft substitutes are widely used in fibular shafts, dental implants, and others. The sources of bone grafts are Osteopromotion, Osteoconduction, Osteogenesis, and Osteoinduction. These are the biological mechanisms that offer a base for bone grafting. KD Market Insights estimates that the global bone graft and substitutes market is anticipated to grow at a CAGR of 4.3% during 2020-2025.
The factors that are accountable for the growth trajectory of the bone graft substitutes market during the forecast period are increasing orthopedic problems, rising incidents of musculoskeletal disorders, increasing need for reconstructive orthopedic treatments, technological advancements in the medical sector, and others. The growing population as well as the prevalence of bone and joint disorders is the pivotal factor fueling the global bone graft and substitute market. According to the National Spinal Cord Injury Center, the U.S., around 12500 new spinal cord injury (SCI) cases arise each year. Additionally, the International Osteoporosis Foundation (IOF) anticipated that around 50% of all osteoporotic hip fractures would be emerging in Asia by 2050.
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The latest technology in isolation and creation of recombinant human bone morphogenic proteins and growth factors and the application of autogenous stem cells are rising as the future of bone grafting procedures. Researchers have begun to improve current treatments and develop new bone grafts from biological or synthetic materials.
Aging increases the risk of degenerative joint and bone disease and it is most common in people older than 65, leading to the growth of the bone graft and substitutes market. According to World Population Prospects, one in six people will be over age 65 (16%), globally by 2050. Also, it stated that one out of four people living in North America and Europe could be aged 65 or over. The person aged 80 years or over is expected to triple in terms of numbers i.e. from 143 million to 426 million in 2019 and 2050 respectively. The geriatric population is more inclined to musculoskeletal disorders, such as osteoporosis, and arthritis. The growing aging population with demand for high-quality musculoskeletal functions in old age, rising number of bone grafting procedures, and increasing access to orthopedic specialty hospitals and healthcare insurance are the most important drivers propelling the market growth. However, the complications from bone grafting procedures and high treatment costs hamper the growth of the market.
The mounting number of spinal fusion surgeries is promoting demand. In the United States, around 480,000 spinal fusion surgeries are performed every year. The rising implementation of minimally invasive surgeries (MIS) is leading to increased demand for bone grafts & substitutes market. Surgeons are adopting MIS rather than open surgery due to related advantages such as lower postoperative duration, minimal pain, and fewer injuries to the tissue.
North America is projected to uphold to be the largest market for bone graft substitutes over the forecast period 2020-2025 due to joint disorders, escalating incidences of sports injuries, adoption of advanced technology, and enhanced healthcare system, along with the reimbursement scenario. Asia Pacific region is estimated to show profitable growth during the forecast period.
The report on the global bone graft and substitutes market by KD Market Insights provides thorough analysis in a structured manner and paves the way for exploration of current as well as future market outlooks.
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