The global bone regeneration material market is estimated to be valued at US$ 2.61 billion in 2023 and is expected to exhibit a CAGR of 4.6% during the forecast period (2023-2030).
Analysts’ Views on Global Bone Regeneration Material Market:
Increasing demand for developing biocompatible bone grafts to reduce adverse reactions is driving the market growth. Also, increasing use of synthetic grafts with Hydroxyapatite (HAp) and Tricalcium Phosphate (TCP), which has shown better biocompatibility as compared to others, is another factor facilitating the adoption of biocompatible bone grafts. Thus, it offers the opportunity for various manufacturers to offer innovative surgical equipment that allows surgeons to perform such surgeries more efficiently.
Figure 1. Global Bone Regeneration Material Market Share (%), By Product Type, 2023
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Global Bone Regeneration Material Market– Drivers
Figure 2. Global Bone Regeneration Material Market Share(%), By Region, 2023
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Global Bone Regeneration Material Market- Regional Analysis
Among region, North America is estimated to hold a dominant position in the global bone regeneration material market over the forecast period. North America is estimated to hold 33.5% of the market share in 2023. The global bone regeneration material market is expected to witness significant growth in the coming years, driven by the high prevalence of orthopedic disorders and dysfunctions, favorable health reimbursement, and increased awareness. The increasing prevalence of joint disorders is contributing to the growth of the bone regeneration material market in the North America region. For instance, according to the October 2021 data published by the Centers for Disease Control and Prevention, about 78.4 million adults aged 18 years and older are expected to have doctor-diagnosed arthritis by 2040. Thus, the increasing number of joint disorders among the population is expected to increase the demand for bone grafting procedures to correct the altered bone or replace the inflammed or non-functional bone, thereby boosting the market growth over the forecast period.
Global Bone Regeneration Material Market– Impact of Coronavirus (COVID-19) Pandemic
Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe, and the World Health Organization declared it a public health emergency on January 30, 2020.
COVID-19 affected the economy in three main ways: by directly affecting the production and demand of drugs, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries, such as China, India, Saudi Arabia, the U.A.E., Egypt, and others, are facing problems with the transportation of things from one place to another.
However, the COVID-19 pandemic had a positive impact on the global bone regeneration material market. The emergence of the COVID-19 pandemic had its impact on the bone graft and substitutes market due to the decline in visits to hospitals, ambulatory surgical centers, and dental clinics because of lockdown restrictions imposed by various governments globally. Due to these restrictions, non-emergency procedures were halted in the hospitals, which has impacted the patient's life. For instance, the American Dental Association (ADA) recommended that elective dental procedures be postponed until April 6, 2020, and dental practices should provide emergency-only dental services.
Bone Regeneration Material Market Report Coverage
Report Coverage | Details | ||
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Base Year: | 2022 | Market Size in 2023: | US$ 2.61 Bn |
Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 to 2030 |
Forecast Period 2023 to 2030 CAGR: | 4.6% | 2030 Value Projection: | US$ 3.57 Bn |
Geographies covered: |
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Segments covered: |
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Companies covered: |
Sigma Graft, NovaBone, B&B Dental, Stryker Corporation, J Morita USA, Kerr Restoratives, Septodont, Citagenix, Medtronic Plc, Smith Nephew, Integra Lifesciences Holdings Corporation, SeaSpine, Zimmer Biomet, Johnson and Johnson, Baxter International Inc., Integra Lifesciences Holdings Corporation, Orthofix Holdings Inc., Geistlich Pharma AG and Ethoss Regeneration Ltd. |
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Growth Drivers: |
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Restraints & Challenges: |
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Global Bone Regeneration Material Market Segmentation:
The global bone regeneration material market report is segmented into by product type, by application and by region.
Among all the segmentation, the application segment is expected to dominate the market over the forecast period and this is attributed to increasing prevalence of bone disorders.
Global Bone Regeneration Material Market- Cross Sectional Analysis:
Key players are making bone regeneration material with advanced technology which is expected to boost demand for bone regeneration materials in the North America region. For instance, In February 2022, Orthofix Medical Inc., a global medical device company with a spine and orthopedics focus, announced the full market launch of OpusTM BA, a synthetic bioactive bone graft solution for cervical and lumbar spine fusion procedures.
Global Bone Regeneration Material Market: Key Developments
Global Bone Regeneration Material Market: Key Trends
Key Players Operating In Market Focusing On Product Expansion
The key players operating in market focusing on product expansion is expected to drive growth of the global bone regeneration material market over the forecast period. For instance, In August 2021, Exactech, a developer and producer of innovative implants, instrumentation, and smart technologies for joint replacement surgery, announced the expansion of its Truliant Total Knee System with a new porous-coated implant option for equipment surgery
Global Bone Regeneration Material Market: Restraint
Disadvantages associated with equipment surgery
Disadvantages associated with equipment surgery are expected to hinder market growth over the forecast period. For instance, according to the National Library of Medicine in February 2020, for the treatment of large, full-thickness chondral lesions in the knee, microdrilling surgery is performed, but this increases the cost burden on the patients as it requires a large number of post-operative bone marrow aspirations and knee injections, which are not covered by the medical insurance.
Key players are focusing on developing advanced products that are safe and cost-effective, which is expected to drive market growth over the forecast period.
Global Bone Regeneration Material Market - Key Players
Major players operating in the global surgical equipment market include Sigma Graft, NovaBone, B&B Dental, Stryker Corporation, J Morita USA, Kerr Restoratives, Septodont, Citagenix, Medtronic Plc, Smith Nephew, Integra Lifesciences Holdings Corporation, SeaSpine, Zimmer Biomet, Johnson and Johnson, Baxter International Inc., Integra Lifesciences Holdings Corporation, Orthofix Holdings Inc., Geistlich Pharma AG and Ethoss Regeneration Ltd.
Global Bone Regeneration Material Market– Definition
Most of the new artificial bone materials are composite materials. Synthetic materials include metal, bioceramic, and polymer chemical materials, among others. These materials have been widely used in bone regeneration. In recent years, applying nano-artificial bone materials has opened a new era of bone regeneration.
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About Author
Nikhilesh Ravindra Patel is a Senior Consultant with over 8 years of consulting experience. He excels in market estimations, market insights, and identifying trends and opportunities. His deep understanding of the market dynamics and ability to pinpoint growth areas make him an invaluable asset in guiding clients toward informed business decisions. He plays a instrumental role in providing market intelligence, business intelligence, and competitive intelligence services through the reports.
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