Product Code: ETC380484 | Publication Date: Aug 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India bone grafts and substitutes market import shipments showcased a substantial growth momentum with a CAGR of 22.3% from 2020 to 2024. The growth rate between 2023 and 2024 at 9.5% indicates continued expansion, suggesting a thriving market with a positive overall trend.
India bone grafts & substitutes market is projected to grow at a healthy CAGR over 10 years on account of the rising geriatric population coupled with the growing prevalence of osteoporosis and other bone diseases across the country. The high cost associated with these procedures will act as a restraint on its uptake over time; however technological advancements such as 3D printing technology are likely to create opportunities for players operating in this space over long-term forecasts horizon (2025-2031). Some key trends emerging within this space include increasing collaboration between OEM manufacturers and medical device companies, usage of technologies such as robotics for orthopedic surgeries, etc., which will have a significant impact on future prospects of this industry segment going ahead till 2031 end.
The India bone grafts and substitutes market are witnessing substantial growth due to various factors. One of the primary drivers is the increasing prevalence of musculoskeletal disorders and bone-related injuries, which require bone grafting procedures for treatment and recovery.Furthermore, advancements in medical technology and the availability of innovative bone graft substitutes are driving market growth. These substitutes offer advantages such as reduced risk of infections, faster healing, and better biocompatibility, making them preferred choices in orthopedic and dental surgeries.Moreover, the growing geriatric population in India, coupled with the rise in the number of orthopedic and dental procedures, is contributing to the market`s positive trajectory.
In the India bone grafts and substitutes market, the growing demand for orthopedic and dental procedures has increased the use of bone grafts and substitutes. However, the industry faces challenges in terms of product safety and efficacy. Ensuring that these products meet the necessary medical standards and regulatory requirements is crucial to gaining the trust of healthcare professionals and patients.
The bone grafts and substitutes market in India deals with medical products used in orthopedic and dental surgeries to promote bone healing and regeneration. The market includes various biomaterials, such as synthetic bone grafts, bone morphogenetic proteins, and demineralized bone matrix. Factors like an aging population, increasing prevalence of orthopedic disorders, and advancements in medical technology drive the market`s growth. However, the cost of these products and regulatory approval can impact their adoption.
The India bone grafts and substitutes market sees participation from BoneHeal Solutions India Pvt. Ltd., GraftTech Innovations, BoneCrafters India, OsteoRegen Bioimplants Pvt. Ltd., and BoneBond Products India.