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U.S. Bone Grafts and Bone Graft Substitutes Markets
Frost & Sullivan, Sep 2007, Pages: 106
This research service studies the U.S. bone grafts and bone graft substitutes market. The market is segmented as machine bone allografts market, standard bone allografts market, demineralized bone matrix market, bone graft substitutes market and platelet concentration systems market. It covers the market from the aspects of the driving forces, restraints and challenges, also providing strategic recommendations. Revenue and unit analysis is provided in the study for a forecast period of 2007-2013. Market share and competitor structure of the market is also discussed.
Market Overview
Growing Acceptance of Orthobiological Products Stimulate the Growth of Bone Graft and Bone Grafts Substitutes Market in the United States
The surfeit of orthobiological products in the United States has improved orthopedic surgeons’ familiarity with these products, encouraging the manufacturers of bone graft and bone grafts substitutes. Surgeons who had been reluctant to use allograft and bone graft substitutes are attracted by the safety and reliability of these products. They also offer greater flexibility in treatment options and are cost-effective. Numerous clinical studies published in this field have also encouraged surgeons to use the products.
The success of orthobiological devices stimulates greater product innovation. A case in point is the increased conversion of tissue processors to computerized milling devices. This allows the production of precision bone allograft despite limited tissue donations. It also requires relatively less manual labor input, reducing human error. 'With majority of the machining process being computerized, the cuts, milling, and changes between machined allografts are made easier,' says the analyst of this research service. 'As manufacturing processes for machined bone become more efficient and manufacturers are able to extract more value from the same limited supply pool, the number of units sold is expected to increase, thereby contributing to higher revenues.'
Expanded Life Span of the U.S. Senior Citizens Increases the Number of Orthopedic Surgical Procedures Required Due to their Degenerative Conditions
Orthopedic surgeries are performed on people of all ages, but many of the degenerative conditions that lead to the need for surgery affect people in middle age or later in life. The increase in the population rate of senior citizens in the United States creates plenty of opportunities for market participants, as the majority of the older generation is physically active. This places huge demands on their bodies, warranting surgeries. On the other hand, the increase in population of the baby boomer generation places the market at risk for reduced bone donor population. As elderly people suffer from conditions such as osteoporosis or cancer, their bones weaken and become unsuitable for donation.
'Manufacturers need to focus their research and development groups on developing bone graft materials that are comparable to autografts,' says the analyst. The growing bone grafts market is likely to replace the decreased supply of tissue donations, which can be a roadblock to providing effective solutions to patients. Moreover, other advances in technology in terms of ease of use, patient comfort, and improved designs are opening up several rewarding market opportunities. Meanwhile, for-profit organizations could establish alliances with non-profit organizations to recover more tissues as well as develop education plans and promotions to increase public awareness on the benefits of tissue donation.
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