Research N Reports offers latest published report “Global Bone Graft and Substitutes Market – Market Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2017-2025”. The author of the report analyzed that The Market accounted for US$ 2.71 US$ Mn by 2016.
Research N Reports brings key comprehensions on the subject of global market in its latest report titled ‘Global Bone Graft and Substitutes Market by Types (Allografts and Bone graft substitutes) by Applications (Spinal Fusion, Long Bone, Foot And Ankle, Craniomaxilofacial, Joint Reconstruction and Dental); by Regions (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America) – Global Market Insights Growth, Size, Comparative Analysis, Trends and Forecast, 2017-2025’
Peruse the complete report titled “Global Bone Graft and Substitutes – Market Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2017-2025” at https://www.researchnreports.com/medical-devices/Global-Bone-Graft-and-Substitutes-Market-90565
Bone graft and substitutes finds use in orthopedic surgeries for various applications. The geriatric population is more prone to orthopedic problems and these problems are on a continual rise owing to weakened bones. As per the data published by the United Nations, Department of Economic and Social Affairs, population division in 2013, number of people aged above 60 years was 841 million and is expected to reach 2 billion in 2050. With this staggering rise in the elderly population, number of orthopedic surgeries is expected to accelerate in the near future. Hence, the global bone graft and substitutes market is anticipated to show substantial growth during the forecast period.
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Yet, risk of disease transmission and immune response are the major factors restraining the growth of the global bone graft and substitutes market. Moreover, high cost of advanced products and the strict regulations are further limiting the growth of this market.
Middle East and Africa bone grafts and substitutes market is estimated to flourish at a CAGR of 6.5% during the forecast period, followed by South America, APAC, North America and Europe at a CAGR of 5.7%, 4.9%, 3.3% and 3.1% respectively. The US alleged the largest portion of the market in 2016, accounting for 95.5% of the regional revenue, and is expected to dominate the market throughout the forecast period. Global bone graft and substitutes market is highly fragmented, with players ranging from small orthobiologics startups to medical device multinationals.
Medtronic, DePuy Synthes, and Stryker—are the three major players that lead the global space due to the companies’ broad distribution networks and recognized presence in complementary markets, including spinal fusion and trauma fixation. Besides, as hospital and healthcare providers look for cost-saving measures, the major players in the bone grafts and substitutes market offer a full range of products to meet all bone graft needs in package deals.