Synthetic Bone Graft Substitutes Market Segmentation:
Application Segment Analysis
The spinal fusion segment is expected to garner the highest share of 52.6% in the market by the end of 2035. The dominance of the segment is attributable to the extended demand among the aging population and reimbursement policies. Besides the improved outpatient reimbursement policies, expanding access and innovative bioactive formulations will allow a larger population to contribute to the segment’s dominance. Moreover, developments in synthetic grafts position these materials for complex spinal procedures requiring precision and reliability. The increasing elderly population, coupled with the global increase in back pain and spinal injuries, will accelerate the demand for spinal fusion surgery.
Material Segment Analysis
The ceramics segment is projected to hold a lucrative share of 46.7% in the market during the forecast period. The growth in the segment is subject to its superior nature, i.e., utilizing hydroxyapatite ceramics is known to enhance biocompatibility and osteoconductive of the material. Furthermore, this growing adoption of ceramic dental procedures is another driver for the segment’s adoption. Ceramics are also being used more widely because they are resorbed and replaced by natural bone over time, which is advantageous for a variety of orthopedic and dental applications. Also, developments in ceramics manufacturing have improved the performance of ceramics in load-bearing orthopedic applications and complex bone defects.
End User Segment Analysis
The hospitals hold a large share of the market because they are the primary environments for complex orthopedic, spinal, dental, and trauma surgeries that require bone grafts. The most favorable environment for bone grafting is one that typically has well-established surgical infrastructure, quality orthopedic and neurosurgical teams. Hospitals also have access to newer, costly synthetic graft products because they have budgets that allow them to cover these potential expenses. On top of that, trauma cases are on the rise because of sports injuries, increases in domestic violence, and socioeconomic issues that lead to trauma injuries.
Our in-depth analysis of the global market includes the following segments:
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