Global Synthetic Bone Graft Substitutes Market
Growth Indicators
Increasing Geriatric Population and the Rising Prevalence of Bone-Related Disorders
According to the statistical data of Organisation for Economic Co-operation and Development (OECD), the elderly population around the world increased from 7.641% of the total population in the year 2010 to 8.921% of the total population in the year 2018.
The geriatric population around the globe is increasing at a significant pace. With the growing age, the risk of having bone-related disorders is also massive. The human body is designed in such a way that with time the tendons and ligaments change their structure and the joints are affected with reduced flexibility. Due to old age, the body becomes incapable of producing enough new bone in certain situations and therefore treatments such as synthetic bone graft are implemented. Moreover, disorders such as osteoporosis, which is prominent in post-menopausal women, cause hip fractures, and therefore the need for synthetic bone grafting substitutes. Additionally, the shortage of natural bone grafts and the surge in the number of patients with rheumatoid arthritis, osteoarthritis, neuropathic arthropathy, and other joint disorders are further anticipated to raise the demand for synthetic bone graft substitutes. Such factors are anticipated to drive the growth of the global market in the coming years.
Challenges
Complications Faced by Patients Post Bone Grafting Treatment to Lower Market Growth
The treatment of synthetic bone grafting substitutes in patients can cause numerous problems as these substances are fragile when it comes to resisting torsion and bending while carrying the load. While assessing treatment planning, clinicians generally fail to understand the relationship between the limitations of various regenerative grafting techniques and the predictable development of the required bone contours and bone volume needed for overall restorative success, which is anticipated to limit the growth of the global synthetic bone grafting substitutes market during the forecast period.
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
6.8% |
Base Year Market Size (2023) |
USD 1.18 billion |
Forecast Year Market Size (2036) |
USD 2.78 billion |
Regional Scope |
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Author Credits: Radhika Pawar
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