Bone Graft Harvester Market is Estimated to Witness High Growth Owing to Rising Number of Orthopedic Surgeries

The bone graft harvester market involves devices that are used to extract bone graft materials from the patient's own body for use in orthopedic procedures that require bone grafts. Bone graft harvesters help surgeons to extract bone graft materials minimally invasively from the pelvis, iliac crest, or tibia. The use of autografts obtained from the patient's own bone enables enhanced bone fusion and healing process as compared to allografts or synthetic bone grafts. Moreover, bone graft harvesters help reduce procedure time and surgical risks associated with extensive open procedures required for manual bone graft harvesting.

The global bone graft harvester market is estimated to be valued at US$ 14.10 Bn in 2024 and is expected to exhibit a CAGR of 5.9% over the forecast period between 2024 to 2031.

Key Takeaways
Key players operating in the bone graft harvester market are Arthrex, Acumed, Globus Medical, Zimmer Biomet, Paragon, Paradigm BioDevices Inc., Anthogyr SAS, Avitus Orthopaedics, A. Titan Instruments, Vilex, Medtronic PLC, Dentsply Sirona, Johnson ; Johnson, Institut Straumann AG, Geistlich Pharma, LifeNet Health, Collagen Matrix Inc., Wright Medical Group NV, ZimVie Inc., Botiss biomaterials GmbH. The bone graft harvester market players are focusing on new product launches and geographical expansion strategies to gain market share.

The increasing Bone Graft Harvester Market Demand for minimally invasive orthopedic procedures and rising number of trauma cases and sports injuries will provide major growth opportunities for players in the bone graft harvester market. Moreover, increasing healthcare expenditure and expansion of private healthcare facilities in developing countries will further aid the global expansion of the bone graft harvester market during the forecast period.

Market Drivers
The rising geriatric population globally who are more prone to osteoporosis, arthritis and other age-related bone disorders is a major growth driver for the bone graft harvester market. As per the United Nations estimates, the population aged 60 years and above is projected to double by 2050. Additionally, the increasing number of orthopedic surgeries such as spinal fusion, knee/hip replacement and trauma/sports medicine procedures requiring bone grafts would continue to drive the demand for bone graft harvester devices over the forecast period.

PEST Analysis
Political: Regulations regarding the quality and safety standards of bone graft products and transplant procedures determine market dynamics. Stringent policies ensure product quality.
Economic: Availability of reimbursement for surgical procedures determines demand for bone graft products. Economic growth supports healthcare spending.
Social: Rising incidence of orthopedic diseases, sports injuries, and trauma cases drive the need for reconstruction surgeries and hence bone grafts. Aging population is also a factor.
Technological: Advancements in biomaterial science aid innovative product development. Adoption of computer-assisted planning and navigation techniques supports complex graft harvesting procedures.

The United States represents the largest share of the global bone graft harvester market in terms of value. This is attributed to the consolidation of major industry players in the country and growing incidence of trauma and degenerative bone disorders. The presence of advanced healthcare infrastructure and favorable reimbursement policies promote market growth in the region.

The Asia Pacific market is poised to witness the fastest growth over the forecast period. This is attributed to factors such as the increasing healthcare spending of nations, growing healthcare infrastructure, rising surgical volumes, and presence of a large patient pool in the region. Furthermore, investments by international players to tap the region's growth potential support market expansion.

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Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)