Global Bone Grafts market projected to generate significant sales for the market players over the forecast period

15/mag/2018 06:53:07 sravan Contatta l'autore

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Global Bone Grafts market  projected to generate significant sales for the market players over the forecast period

 

A boon to surgeries: Bone graft techniques and market study

Global Bone Grafts market: Bone grafting is a surgical procedure used to fix the bones or joints. Bone grafting is replacement or repair of bones which are damaged due to trauma or fractures with the help of bones from other body tissue. For example, in lumbar surgery bone from the donor site transplanted to recipient site to facilitate the fusion of vertebrae. The grafting tissue is necessary for osteoinduction, a natural bone healing process. The bone grafts are three types- autologous, allograft, and Synthetic bone. Autologous bone harvested from patients own body, often from the iliac crest. Sallograft is cadaveric bone usually obtained from a bone bank. Synthetic bone made of hydroxyapatite or other naturally occurring, biocompatible substances. Bone grafts have a wide range of applications in sports, trauma plastic, facial, and spinal surgery.

 

Increase in the incidence of bone and joint disorders, technological advancements in bone grafts, development of biocompatible synthetic bone grafts, and an increase in demand for dental bone grafts are expected to boost the bone grafts market. People with diabetes are liable to suffer from joint disorders and osteoporosis and a person with obesity has 60% more susceptible to arthritis and other joint disorders. However, the high cost of surgeries and ethical issues related to bone grafting procedures expected to hinder the bone grafts market growth. A study conducted by BioMed Central, BMC Medical Ethics found that out of 100 patients, about 20% of the patients are not accepting allografts for their grafting surgery. The reasons for rejection was specific religious connections and people are not accepting bone from other animals for human benefit.

 

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Bone Grafts market is divided into following categories-

1.      Material type

·         Natural

o    Autografts

o    Allografts

·         Synthetic

o    Ceramic

o    Composite

o    Polymer

o    Bone Morphogenetic Proteins

 

2.     Applications

·         Craniomaxillofacial

·         Dental

 

·         Foot and Ankle

·         Joint Reconstruction

·         Long Bone Spinal Fusion

 

3.     End-users

 

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Hospitals, ambulatory surgical centers, and dental clinics.

And lastly, on the basis of geographical regions, global bone grafts market is divided into following regions-North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America is leading the market owing to the increased number of geriatric patients, raising awareness about commercially available bone graft products among key stakeholders, high healthcare expenditure, and well-developed healthcare infrastructure in the region. Europe market is mainly driven by the increased prevalence of the bone diseases and favorable regulatory environment. Developing economies such as China and India are expected to show tremendous growth due to factors such as increasing medical tourism and companies’ expansion, and growth in healthcare infrastructure in the countries. In the Middle East and Africa region, South Africa is considered one of the largest markets due to the availability of the larger patient pool.

 

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Some of the key players in global bone grafts market include Olympus Corporation (Olympus Biotech Corporation) (Japan), Wright Medical Group N.V. (BioMimetic Therapeutics) (U.K.), Johnson & Johnson Services, Inc. (DePuy Synthes) (U.S.), Stryker Corporation (U.S.), Regeneration Technologies, Inc.(U.S), NuVasive, Inc. (U.S.), NovaBone Products (U.S), Medtronic.(U.S.), Zimmer, Inc. (U.S.), and LifeNet Health, Inc. (U.S.) to name a few. In 2016, Dentsply International, Inc. and Sirona Dental Systems, Inc. were merged to form Dentsply Sirona International.

 

Companies focusing on product innovations and line extensions to increase their market share. According to National Osteoporosis Foundation (NOF), it is expected that the number of cases with osteoporosis will exceed 61 million by 2020. In June 2016, AlloSource announced two new innovative demineralized cortical fiber allografts, the allofuse fiber boat and allofuse cortical fibers for use in a variety of spine and orthopedic procedures. Similarly, in 2016, RTI Surgical received regulatory clearance from the Australian Therapeutic Goods Administration (TGA) for nanoss bioactive bone void filler in Australia. Furthermore, Venture Capitalists and Government Organizations are actively involved in funding and encouraging the research activities.

 

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