Bone tissues are highly regenerative, with the ability to regenerate completely in the provided space, but generally require a scaffold to grow on. Bone grafting is characterized as a surgical process of stimulating bone growth, and repairing or rebuilding the diseased bone in the body. As the native bone grows, it completely replaces the graft material, resulting in formation of fully integrated new bone. The bone grafting procedure is based on the principles of osteoconduction, osteoinduction, and osteogenesis.
Launch of novel growth factors and grafts by key players in the market, rising need and demand for spinal fusion and tissue regeneration procedures are expected to boost the advanced bone grafts market during the forecast period. However, cost of bone grafts surgical procedures and rising patient preference for minimally invasive tools are likely to hamper the advanced bone grafts market during the forecast period.
The global advanced bone grafts market has been broadly classified based on product type and end-user. In terms of product type, the market has been divided into demineralized bone matrix, synthetic bone grafts, and bone morphogenic proteins (BMPs). Synthetic bone grafts are further categorized into bone void fillers and materials to manufacture ceramics. The synthetic bone grafts segment held the largest market share in terms of revenue in 2015, which is attributed to availability and sterility, longer shelf life, and increasing geriatric population. The segment is expected to continue to dominate the market, with bone void fillers accounting for highest revenue by 2024. The dominance is attributed to the rising adoption rate for the procedures, government funding in the health care sector, and cost-effectiveness of the procedure. However, the demineralized bone matrix segment is expected to be the fastest growing segment in terms of CAGR, due to its superior biological properties, high osteoinductivity, and availability in various forms such as gel, putty, chips, and powder. Based on end-user, the global advanced bone grafts market has been segmented into hospitals, orthopedic centers, and dental clinics. In 2015, the orthopedic centers segment held the largest share of the advanced bone grafts market, due to the high incidence of bone fractures and trauma, and availability of well-equipped facilities. The dental clinics segment is expected to dominate the advanced bone grafts market by 2024, which is attributed to the emphasis given by population on esthetics and technological advancements in the procedures. Based on application, the advanced bone grafts market has been divided into spinal fusion, bone fractures & trauma, dental treatment, and others. The spinal fusion and bone fractures & trauma segments dominated the advanced bone grafts market in 2015 owing to rising incidence of bone fractures and trauma in sports field, favorable reimbursement policies, and availability of developed health care infrastructure and well-equipped facilities. The dental treatment segment is anticipated to lead the advanced bone grafts market by 2024. The segment is likely to be driven by high incidence of dental fractures and rising patient preference for minimally invasive surgical procedures.
Geographically, the global advanced bone grafts market has been segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America and Europe captured the largest share of the advanced bone grafts market in terms of revenue. The dominance of the regions is attributed to technological advancements, high adoption rate of the procedures among the population, and favorable medical reimbursement policies. Rising per capita expenditure on health care is expected to drive the advanced bone grafts market in North America during the forecast period.
Key players in the advanced bone grafts market are RTI Surgical, Medtronic, Zimmer Biomet, DePuy Synthes, Baxter Healthcare Corporation, Berkeley Advanced Biomaterials, Inc., NuVasive, Inc., Integra LifeSciences Corporation, Stryker Corporation, and Alpha-Bio Tec Ltd. among others.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.