Portland, OR, May 06, 2019 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global Bone Grafts and Substitutes Market was valued at $2.69 billion in 2017 and is expected to reach $3.91 billion by 2025, registering the CAGR of 4.8% during the period, 2018-2025. The report provides a comprehensive analysis of the top winning strategies, industry dynamics, market size & estimations, key market segments, and competitive landscape.
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Factors such as rapid growth of novel bone grafts materials such as biocompatible synthetic bone grafts and rise in prevalence of bone and joint disorders boost the growth of the global market. However, high cost of surgeries and several ethical issues associated with bone grafting procedures act as impediments for the market growth. On the other hand, increasing inclination of key market players toward R&D activities and surge in demand for orthopedic procedures among geriatric population are likely to create lucrative opportunities for the market growth.
The cell-based matrices segment is likely to grow at the fastest CAGR of 6.1% through 2025. This is because they offer better reproducibility and cost-effectiveness than other product types available in the market. However, the bone grafts substitutes segment would dominate the market through 2025, capturing more than half of the total market revenue during the study period.
Among applications, the spinal fusion segment dominated the global market in 2017 and is likely to grab the largest market share through 2025. Nevertheless, the joint reconstruction segment would witness the fastest CAGR of 6.2% through 2025. This is due to growing demand for joint reconstruction among patients suffering from rheumatoid arthritis, osteoarthritis, and other joint disorders.
Among regions, the market in North America contributed over half of the market share. This is due to favorable reimbursement rates and rise in the incidence of orthopedic disorders. Nonetheless, Asia-Pacific would grow at the fastest CAGR of 7.3% during the study period. The report also analyzes other regions such as Europe and Latin America, Middle East and Africa (LAMEA).
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A detailed analysis of the major players in the bone grafts and substitutes market is offered in the report. The players listed include Medtronic plc, DePuy Synthes, Wright Medical Group N.V., Xtant Medical Holdings, Inc. (Bacterin), Baxter International Inc., Stryker Corporation, Integra Lifesciences Holdings Corporation, Zimmer Biomet Holdings, Inc., Arthrex, Inc., and Musculoskeletal Transplant Foundation (MTF).
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