USD 2.91 billion
Report ID: SQSG35A2065 | Region: Global | Published Date: October, 2022 | Pages: 165 | Tables: 91 | Figures: 76
Global Bone Replacement Market size was valued at USD 2.91 billion in 2021 and is poised to grow from USD 3.06 billion in 2022 to USD 4.94 billion by 2030, growing at a CAGR of 6.2% in the forecast period (2023-2030).
Bone replacement is a surgical treatment required for a variety of reasons, including the replacement of missing bone, the filling of gaps caused by specific accidents, and bone transplantation to repair and rebuild damaged bones. Additionally, bone replacement permits the replacement of bones in any area of the body. Knee, extremities, and hip replacements are among the few bone replacements easily accessible. The increasing prevalence of osteoarthritis drives the global expansion of bone replacement treatments. These operations require bone transplant alternatives such as allografts, autografts, and ceramics. However, with reducing procedure costs, shorter recovery times, and a better success rate of bone grafting, the global market for bone replacement has experienced a substantial increase in demand, which is expected to continue during the forecast period.
US Bone Replacement Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 2.91 billion
To get more reports on the above market click here to Buy The Report
The Global Bone Replacement Market is segmented based on product type, materials, age group, and region. Based on product type, the Bone Replacement Market is segmented into hip, knee, and extremities. Based on material, the Bone Replacement Market is segmented into allografts, autografts, synthetic materials, and bone morphogenetic proteins (BMPs). Based on age group, the Bone Replacement Market is segmented into lesser than 45 years, 45-64 years, and greater than 65 years. Based on region, the global Bone Replacement market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Bone Replacement Market Analysis by Product Type
Due to an increase in the prevalence of arthritis and a rise in knee injuries, it is anticipated that the knee bone replacement segment will grow at a remarkable rate throughout the projected period. In addition, the growing old aged population will drive the demand for knee replacement surgeries, hence propelling the growth of the bone replacement market throughout the analysis period.
Bone Replacement Market Analysis by Material
The allografts segment is predicted to register the highest growth rate during the forecast period. Increasing demand for allografts due to their unique properties, such as their ability to ease pain, restore movement, and assist patients in regaining normal functioning are some of the major factors driving the demand and propelling the bone replacement market growth.
Allografts are different from autografts as they come from a donor other than the recipient. This can also be employed as an alternative to autografts since they possess superior osteoconductive characteristics which are anticipated to drive the global bone replacement market during the analysis period.
To get detailed analysis on other segments, Request For Sample Report
North America accounted for the largest market share of the global bone replacement market in 2021 and is anticipated to increase steadily during the analysis period. This is due to the presence of a sizable senior population is the major reason for the regional market growth during the forecast period. According to the US Census Bureau, the United States has a massive population of more than 47 million people aged 60 or over, and this figure is anticipated to reach approximately 98.2 million by 2060. As the older population is more susceptible to bone problems, resulting in an increasing demand for bone replacement surgery this is propelling the demand for bone replacement procedures and driving the market growth during the analysis period.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Bone Replacement Market Driver
An increase in road accidents, an aging population, and technological improvements drive the market.
Bone Replacement Market Restraint
Expensive bone replacement and ethical difficulties are the major restraints for the market.
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
The Bone Replacement market is relatively fragmented, with a high level of competition. Few large players, like AK Medical Holdings Ltd., Stryker Corporation, and Johnson & Johnson, now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability.
Bone Replacement Market Top Player’s Company Profiles
Bone Replacement Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, Knee, extremities, and hip replacements are among the few bone replacements easily accessible. The increasing prevalence of osteoarthritis drives the global expansion of bone replacement treatments. The allografts segment is predicted to register the highest growth rate during the analysis period. North America accounted for the largest market share of the global bone replacement market in 2021. According to the US Census Bureau, the United States has a massive population of more than 47 million people aged 60 or over. This figure is anticipated to reach approximately 98.2 million by 2060. This is due to the presence of a sizable senior population is the major reason for the regional market growth during the projection period.
|Market size value in 2021||USD 2.91 billion|
|Market size value in 2030||USD 3.06 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Bone Replacement Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Bone Replacement Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Bone Replacement Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Bone Replacement Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.