Wilmington, Delaware, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, "Demineralized Allografts Market by Application (Spinal fusion, Craniomaxillofacial surgery, Joint reconstruction and Others), and End user (Hospitals, Specialty clinics and Others): Global Opportunity Analysis and Industry Forecast, 2024-2033". According to the report, the demineralized allografts market was valued at $0.7 billion in 2023, and is estimated to reach $1.1 billion by 2033, growing at a CAGR of 4.6% from 2024 to 2033.
The global demineralized allografts market is experiencing growth due to increase in the number of spinal & joint construction surgeries, trauma cases and innovation in the orthopedic sectors is expected to drive the growth of the demineralized allografts market.
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Prime determinants of growth
The global demineralized allografts market is experiencing growth due to several factors such as the rising incidence of orthopedic disorders that require surgical procedures such as bone grafting, such as fractures, osteoporosis, and degenerative diseases of the bones, is one important contributing reason for the adoption of these products. Furthermore, new materials and methods for bone grafting have been developed as a result of medical technology breakthroughs, improving the safety and efficacy of surgery. Moreover, the need for orthopedic operations is being driven by the world's aging population, which is further boosting market expansion. Additionally, the market for demineralized allografts is growing due to growing awareness of the significance of bone health and the availability of numerous treatment alternatives.
Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2024–2033 |
| Base Year | 2023 |
| Market Size in 2023 | $0.72 billion |
| Market Size in 2033 | $1.11 billion |
| CAGR | 4.5% |
| No. of Pages in Report | 280 |
| Segments Covered | Application, End User, and Region. |
| Drivers | |
| Opportunities | |
| Restraint | |
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Segment Highlights
Spinal Fusion dominated the market in 2023
By application, the spinal fusion segment dominated in 2023 owing to increase in geriatric population and rise in incidence of spinal disorders. Also, surge in an increase in the frequency of musculoskeletal conditions, the creation of sophisticated bone grafts owing to technical breakthroughs, and an increase in sports injuries. Increase in the frequency of musculoskeletal conditions including osteoporosis, osteoarthritis, and other bone-related diseases are increasing the need for bone replacements and grafts. Moreover, the major participants in the demineralized allografts market can benefit greatly from the growth in the number of surgical procedures every year.
Hospitals segment dominated the market in 2023
By end user, hospitals perform a large number of orthopedic and dental surgeries where demineralized allografts are commonly used. This high volume contributes significantly to the market share of hospitals. They are equipped with advanced surgical facilities and technologies that are conducive to the use of demineralized allografts, including state-of-the-art operating rooms and imaging systems. Thus, hospitals offer comprehensive care for patients undergoing complex surgeries, including pre-operative planning and post-operative management, which drives the use of demineralized allografts.
Regional Outlook
By region, North America held the largest market share in terms of revenue in 2023 and is expected to dominate the market during the forecast period. This is attributed to its advanced technology infrastructure, strong demand & availability of allografts, supportive regulatory environment, and collaborative ecosystem fostering innovation and market growth in the demineralized allografts market. However, the Asia-Pacific region is expected to witness rapid industrialization in countries such as China and India has led to the establishment and expansion of manufacturing facilities, including advancements and accessibility of such products, surge in the geriatric population is expected to drive the market growth in the forecast period.
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Key Players: -
- Arthrex, Inc.
- Johnson & Johnson
- Medtronic plc
- NuVasive, Inc.
- Stryker Corporation
- Zimmer Biomet Holdings, Inc.
- Baxter International Inc.
- Xtant Medical Holdings, Inc.
- Integra LifeSciences
- Orthofix Holdings, Inc.
The report provides a detailed analysis of these key players in the global demineralized allografts market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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