Bone Allografts Market Growth & Trends
The global bone allografts market size is anticipated to reach USD 3.5 billion by 2030, according to a new report by Grand View Research, Inc. The industry is expected to expand at a lucrative CAGR of 9.0% from 2022 to 2030. The rising prevalence of dental problems, ongoing product commercialization, market accessibility & product affordability, rising elderly population, and increasing public awareness regarding preventative care are the major factors driving the demand for dental bone allografts. For instance, about 530 million children experience caries of their primary teeth, according to the World Health Organization (2020), which further estimates that nearly 3.5 billion people are affected by oral disorders. Furthermore, the growing demand for minimally-invasive procedures will also support market growth.
As Minimally Invasive Spine Surgery (MISS) does not require a big incision, it reduces the risk of major injury to the muscles surrounding the spine and allows the surgeon to see only the area of the spine where the problem arises. Due to these approaches, such as using fewer devices, the surgical field (also known as exposure) is smaller, resulting in less pain and a speedier recovery. These factors are expected to drive the overall industry. The industry had a decline in 2020 as a result of the COVID-19 pandemic. All elective surgeries, including spine surgery, were postponed, and the hospitals were transformed into recognized COVID-19 treatment facilities. Such elements consequently hampered the industry expansion.
The expansion of treatment access in many developing countries is likely to increase the demand for healthcare-related products, notably those connected to spinal surgery. The market would expand as a result of the rising demand for these goods, as major developing regions’ economies become more prosperous. Furthermore, due to the temporary shutdown of dental clinics and the fact that all healthcare providers were occupied with COVID-19, dental procedure volumes were substantially decreased. Access was limited to only the most basic care. For instance, the American Dental Association (ADA) advised delaying elective dental surgeries until April 6, 2020, and dental offices should only offer emergency dental care. These factors severely impacted the supply chains of dental bone graft substitute producers.
Thus, these data points suggest that during the COVID-19 pandemic, the demand for dental bone graft alternatives decreased. In dentistry, bone allografts are frequently used. A skilled clinician who can handle and position the allografts in the proper position is required for the preparation and processing for safe use and successful transplant material. The materials’ antigenicity and danger of disease transfer from donor to the recipient are the main issues. Other bone-related operations, from small flaws to significant bone loss following tumor removal, also use bone allografts. Furthermore, the increasing medical and dental tourism sector, burden of dental illnesses, and technical developments in the field of dentistry are also among the key factors contributing to the industry growth.
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Bone Allografts Market Report Highlights
An increasing number of sports & trauma injury cases and orthopedic surgeries performed are factors expected to boost the industry growth
The demineralized bone matrices type segment dominated the industry in 2021 owing to a high number of spinal fusion and dental surgeries performed
The dental application segment held the largest share of the overall revenue in 2021 and is also expected to register the second-highest CAGR during the forecast period
To replace missing teeth, bone grafting is done first. Bone grafts are additionally utilized in dentistry as fillers and scaffolds to enhance bone growth & accelerate wound healing, which is expected to propel the segment growth
The hospitals & dental clinics end-use segment held the largest market share in 2021 due to the availability of technologically sophisticated implants for treating and diagnosing spine problems
List of Key Players in the Bone Allografts Market
Zimmer Biomet
Medtronic
Lynch Biologics, LLC
Biomatlante
Stryker
Royal Biologics
Johnsons & Johnsons
Smith & Nephew
Baxter
Xtant Medical
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