The global artificial bone market is estimated to be valued at US$ 1.53 Billion in 2023 and is expected to exhibit a CAGR of 5.9% during the forecast period (2023-2030).
Report Coverage
Report Details
Base Year:
2022
Market Size in 2023:
US$ 1.53 Bn
Historical Data for:
2018 to 2021
Forecast Period:
2023 - 2030
Forecast Period 2023 to 2030 CAGR:
5.90%
2030 Value Projection:
US$ 2.28 Bn
Global Artificial Bone Market Share (%), By Material, 2023
Artificial bone is a bone-like material created in a laboratory that can be used in bone grafts to replace human bone that is lost due to severe fractures or bone and joint diseases. Artificial bones are made from materials such as ceramics, composites, polymers, hydroxyapatite, and others. Artificial bones are mostly used for the surgeries of spinal fusion, dental therapies, craniomaxillofacial surgery, joint reconstruction, and trauma and extremities. A bone fracture, which is a complete or partial break in the bone, is a very common condition that has more than three million U.S. cases per year. Human bones have the ability to regenerate themselves through the cycles of bone resorption and bone formation. The cell responsible for bone resorption is the osteoclast, while the cell responsible for bone formation is the osteoblast. The human body can regenerate fractured bones. However, if damage to bones is caused by a disease or severe injury, it becomes difficult for the body to repair itself. When the human body is unable to regenerate the lost bone tissue, surgeons come in and replace the missing bone using autografts, allografts, and synthetic grafts (artificial bone). When comparing artificial bone to autograft and allograft, it is less invasive and more biocompatible since it avoids the risk of unknown viral infections.
Market Dynamics
Increasing launch of artificial bones by the key players in the market are expected to drive the growth of the global artificial bone market over the forecast period. For instance, in March 2022, Molecular Matrix, Inc., a pre-clinical-stage biotechnology company intended to facilitate advanced 3D tissue engineering services, announced the launch of its Osteo-P Synthetic Bone Graft Substitute (BGS) for use in the musculoskeletal system. Osteo-P BGS is made using Molecular Matrix, Inc.'s hyper-crosslinked carbohydrate polymer (HCCP) technology platform, for bone repair and regeneration.
Key features of the study:
This report provides an in-depth analysis of the global artificial bone market and provides market size (US$ Billion) and compound annual growth rate (CAGR) for the forecast period (2023-2030), considering 2022 as the base year.
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global artificial bone market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
The key companies covered as a part of this study include Medtronic Plc., Johnson & Johnson, Baxter International Inc., Smith & Nephew plc, Stryker Corporation, NuVasive, Inc., Allosource, Curasan, Inc., Ziacom Medical SLU, Orthofix International N.V., Biomatlante, and DSM, OssDsign AB, Halma plc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global artificial bone market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global artificial bone market
Artificial Bone Market Detailed Segmentation:
By Material:
Ceramics
Composite
Polymer
Hydroxyapatite
Others
By Application:
Spinal Fusion
Dental
Craniomaxillofacial
Joint Reconstruction
Trauma and Extremities
By End User:
Hospitals
Specialty Clinics
Research and Academic Institutes
By Region:
North America
Latin America
Europe
Asia Pacific
Middle East
Africa
Company Profiles
Medtronic Plc.
Johnson & Johnson
Baxter International Inc.
Smith & Nephew plc
Stryker Corporation
NuVasive, Inc.
Allosource
Curasan, Inc.
Ziacom Medical SLU
Orthofix International N.V.
Biomatlante
DSM
OssDsign AB
Halma plc
Table of Contents
1. Research Objective and Assumption
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Material
Market Snippet, By Application
Market Snippet, By End User
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Market Opportunities
Recent Trends
Mergers, Acquisitions, and Collaborations
Regulatory Scenario
Key Developments
PORTER's Analysis
PEST Analysis
4. Global Artificial Bone Market - COVID-19 Impact Analysis
Economic Impact
COVID-19 Epidemiology
Impact on Supply and Demand
5. Global Artificial Bone Market, By Material, 2018-2030, (US$ Billion)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018-2030
Segment Trends
Ceramics
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
Segment Trends
Composite
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
Segment Trends
Polymer
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
Segment Trends
Hydroxyapatite
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
Segment Trends
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
Segment Trends
6. Global Artificial Bone Market, By Application, 2018-2030, (US$ Billion)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018-2030
Segment Trends
Spinal Fusion
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
Segment Trends
Dental
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
Segment Trends
Craniomaxillofacial
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
Segment Trends
Joint Reconstruction
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
Segment Trends
Trauma and Extremities
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
Segment Trends
7. Global Artificial Bone Market, By End User, 2018-2030, (US$ Billion)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018-2030
Segment Trends
Hospitals
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
Specialty Clinics
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
Research and Academic Institutes
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Billion)
8. Global Artificial Bone Market, By Region, 2018-2030, (US$ Billion)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018-2030
Segment Trends
North America
Market Size and Forecast, Y-o-Y Growth, By Material, 2018-2030, (US$ Billion)
Market Size and Forecast, Y-o-Y Growth, By Application, 2018-2030, (US$ Billion)
Market Size and Forecast, Y-o-Y Growth, By End User,2018 -2030, (US$ Billion)
Market Size and Forecast, By Country, Y-o-Y Growth, By Country, 2018-2030, (US$ Billion)
U.S.
Canada
Europe
Market Size and Forecast, Y-o-Y Growth, By Material, 2018-2030, (US$ Billion)
Market Size and Forecast, Y-o-Y Growth, By Application, 2018-2030, (US$ Billion)
Market Size and Forecast, Y-o-Y Growth, By End User,2018 -2030, (US$ Billion)
Market Size and Forecast, By Country, Y-o-Y Growth, By Country, 2018-2030, (US$ Billion)
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
Market Size and Forecast, Y-o-Y Growth, By Material, 2018 - 2030, (US$ Billion)
Market Size and Forecast, Y-o-Y Growth, By Application, 2018-2030, (US$ Billion)
Market Size and Forecast, Y-o-Y Growth, By End User,2018 -2030, (US$ Billion)
Market Size and Forecast, By Country, Y-o-Y Growth. By Country, 2018-2030, (US$ Billion)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Latin America
Market Size and Forecast, Y-o-Y Growth, By Material, 2018-2030, (US$ Billion)
Market Size and Forecast, Y-o-Y Growth, By Application, 2018-2030, (US$ Billion)
Market Size and Forecast, Y-o-Y Growth, By End User,2018-2030, (US$ Billion)
Market Size and Forecast, By Country, Y-o-Y Growth, By Country, 2018-2030, (US$ Billion)
Brazil
Mexico
Argentina
Rest of Latin America
Middle East
Market Size and Forecast, Y-o-Y Growth, By Material, 2018-2030, (US$ Billion)
Market Size and Forecast, Y-o-Y Growth, By Application, 2018-2030, (US$ Billion)
Market Size and Forecast, Y-o-Y Growth, By End User,2018 -2030, (US$ Billion)
Market Size and Forecast, By Country, Y-o-Y Growth, By Country, 2018-2030, (US$ Billion)
GCC
Israel
Rest of Middle East
Africa
Market Size and Forecast, Y-o-Y Growth, By Material, 2018-2030, (US$ Billion)
Market Size and Forecast, Y-o-Y Growth, By Application, 2018-2030, (US$ Billion)
Market Size and Forecast, Y-o-Y Growth, By End User,2018 -2030, (US$ Billion)
Market Size and Forecast, By Country, Y-o-Y Growth, By Country/Region, 2018-2030, (US$ Billion)