Bone Replacement Products Market, by Product Type (Hip Replacement, Knee Replacement, Trauma and Extremities, Spine Replacement), Material (Metals, Ceramics, Plastics, Combination of Materials), End-User (Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers), and Region (North America, Europe, Asia-Pacific, Middle East and Africa, South America) — Market Size and Forecasting to 2028

The Global Bone Replacement Products Market valued at USD XX billion in 2020 and is expected to grow at a CAGR of XX% during the forecast period. Bone replacement is a procedure of replacing or fixing bones damaged due to trauma, calcification and includes the implants made from metal, ceramic, plastic, and a combination of materials. Over two million bone grafting procedures are performed every year, with more than 500,000 implanted in the U.S. alone. During the treatment, a bone substitute (synthetic, inorganic, or biologically organic) is inserted for bone defect rather than implanting an autogenous or allogenous one.

Rapid technological advancement of orthopedic implants and improved healthcare facilities in emerging economies, rise in the number of road accidents (more than 1.25 million each year), growth in the geriatric population are driving factors for the bone replacement market. However, high bone replacement surgery costs and ethical concerns are expected to restrain the market growth during the forecast period. Synthetic bone grafts do not contain human tissue and are thus less likely to be accepted by health insurance providers. This is expected to pose a challenge to the market. Also, patients seek for less prices.

The presence of a large patient pool and increasing medical needs are expected to contribute to the market growth during the forecast period. According to the CDC, the worldwide hip fracture incidence is expected to increase by over 230% in women and over 310% in men by 2050. Key market players are exploring related segments to improve their product offerings.

Global Bone Replacement Products Market, by Product Type

Based on product type, the market is segmented to hip replacement, knee replacement, trauma and extremities, and spine replacement. The product type used for bone replacement varies depending on the defect in the body. The spine replacement segment held the largest share in 2019 owing to the increasing geriatric population and a growing number of spinal disorders.

Global Bone Replacement Products Market, by Product Material

Based on product material, the market is bifurcated into allograft and synthetic. The allografts segment includes a demineralized bone matrix and others, and the synthetic segment is further broken down into ceramic, composites, polymers, and bone morphogenic proteins (BMP). Allograft held the largest revenue share. The synthetic segment is projected to provide lucrative growth opportunities for the market growth during the forecast period. The growth can be attributed to better biocompatibility, lesser chance of disease transmission, and better acceptance among patients over allografts. The ceramic segment is further segmented into HAP, ß-TCP, α-TCP, bi-phasic calcium phosphates (BCP) & others. The ceramic synthetic segment dominated the market.

Global Bone Replacement Products Market, by Application

Based on application, the market is segmented into craniomaxillofacial, dental, foot and ankle, joint reconstruction, long bone, and spinal fusion. Widening reimbursement coverage and the presence of a large geriatric patient population contribute to the market growth. Spinal fusion accounts for the largest revenue share. Spinal fusion is used to correct defects in small bones (vertebrae) in the spine. According to the European Spine Journal in 2016, spinal deformity in the elderly population that leads to disability and LBP/leg pain, spine trauma and disc degeneration etc. 

Global Bone Replacement Products Market, by Region

Based on the region, the global bone replacement product market has been segmented by North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America. The U.S. holds the highest market share owing to the growing number of sports injuries, joint disorders, rapid technological advancements, and improved health care systems with reimbursement scenarios. The market growth is driven by the improvement in the healthcare infrastructure coupled with the rise in disposable income of the country.

Major players are penetrating in the Middle East region due to the lack of healthcare facilities and increase in the need for the treatment for orthopedic disorders. The bone replacement products market is expected to propel in Europe. According to the European Commission, around 800,000 hip procedures were carried out every year in Europe, costing around USD 1.5 billion.

Global Bone Replacement Products Market, by End-User

Based on end-user, the market is segmented into ambulatory surgical centers, home cares, orthopedic clinics, hospitals, and others. The hospital segment is expected to gain prominence during the forecast period due to favorable reimbursement policies and the presence of advanced healthcare facilities in hospitals.

Competitive Analysis

Mergers, acquisitions, joint ventures, and new product launches are the prominent strategies used by the key players to ensure their position in the market and widen their geographical presence. Key leading players of the market include Zimmer Biomet Holdings, Inc., B. Braun Melsungen AG, Stryker Corporation, Smith & Nephew Plc, United Orthopedic Corporation, Depuy Synthes, Medtronic Plc., Japan Medical Dynamic Marketing, Inc., JRI Orthopedics, and Exactech, Inc.

This report also includes the company profiles of key bone replacement products market along with their SWOT analysis and market strategies. In addition, the competitive landscapes provide a detailed description of each company including future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launch, new product developments, and other latest industrial developments.

Key Developments in the Bone Replacement Products Market

  • In June 2019, Smith & Nephew closed acquisition of Brainlab, boosting its orthopedic joint replacement business.
  • In Jan 2019, SpineSource acquired intellectual property assets of two spinal implant systems from Kisco International, a French company, including the L-Varlock Expandable Lumbar Cage.

What Does this Report Provide?

A detailed understanding of the global bone replacement product market from qualitative and quantitative perspectives during the forecast period. The report also provides the potential impact dynamic indicators on the market during the forecast period and an in-depth analysis of the leading companies operating in the market.

Market Segmentation:

By Product Type

  • Hip Replacement
  • Knee Replacement
  • Trauma and Extremities
  • Spine Replacement

By Product Material

  • Allografts
    • Demineralized Bone Matrix
    • Others
  • Synthetic
    • Ceramic
      • HAP
      • ß-TCP
      • α-TCP
      • bi-phasic calcium phosphates (BCP)
      • Others
    • Composite
    • Polymer
    • Bone Morphogenetic Proteins (BMP)

By Application

  • Craniomaxillofacial
  • Dental
  • Foot and Ankle
  • Joint Reconstruction
  • Long Bone
  • Spinal Fusion

By End-User:

  • Hospitals
  • Orthopedic Clinics
  • Ambulatory Surgical Centers

By Region:

North America Bone Replacement Products Market

  • North America, by Country
    • The U.S.
    • Canada
    • Mexico
  • North America, by Product Type
  • North America, by Material
  • North America, by End-User

Europe Bone Replacement Products Market

  • Europe, by Country
    • Germany
    • Russia
    • The U.K.
    • France
    • Italy
    • Spain
    • The Netherlands
    • Rest of Europe 
  • Europe, by Product Type
  • Europe, by Material
  • Europe, by End-User

Asia-Pacific Bone Replacement Products Market

  • Asia-Pacific, by Country
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Indonesia
    • Rest of Asia-Pacific 
  • Asia-Pacific, by Product Type
  • Asia-Pacific, by Material
  • Asia-Pacific, by End-User

Middle East and Africa Bone Replacement Products Market

  • Middle East and Africa, by Country 
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of Middle East and Africa
  • Middle East and Africa, by Product Type
  • Middle East and Africa, by Material
  • Middle East and Africa, by End-User

South America Bone Replacement Products Market

  • South America, by Country 
    • Brazil
    • Argentina
    • Colombia
    • The Rest of South America
  • South America, by Product Type
  • South America, by Material
  • South America, by End-User

Reasons to Buy This Report:

  • Market size estimation of the bone replacement products market on a regional and global basis
  • Unique research Usage for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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