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Bone Replacement Market size is projected to observe substantial growth from 2023 to 2032 given to the increasing prevalence of osteoarthritis and an increase in sports injuries worldwide. According to American Academy of Pediatrics, over 3.5 million children under 14 are injured while participating in sports and recreational activities each year in the U.S. Out of those, 775,000 children are taken to emergency rooms due to injuries caused by collisions, falls, and excessive exertion.
Due to the high number of severe sports injuries, treatment for sports injuries is often necessary for repairing or healing damaged joints in the ankle, hip, knee, wrist, elbow, and shoulder. Bone replacement procedures require bone graft substitutes, such as allografts, autografts, and synthetic materials like ceramics.
As more people participate in activities such as biking, baseball, basketball, skateboarding, ice hockey, snow skiing, and similar activities, it is expected that the demand for bone grafts and substitutes will grow in the next six years. Furthermore, advancements like decreasing cost of procedures, shortening recovery time, and improving success rate of bone grafting will improve the market outlook through 2032.
Bone replacement market for ankle and foot replacements segment is exhibiting steady gains due to the rise in the number of people suffering from osteoporosis, rheumatoid arthritis, and osteoarthritis. Advances in medical technology have made these procedures safer. There has also been a recent increase in the number of ankle and foot injuries that occur in the workplace.
Adoption of advanced systems to improve the outcomes of ankle and foot replacement procedures will fuel market revenue. For instance, in 2022, Atlanta-based foot and ankle surgeons performed the first ankle joint replacement using Paragon 28 Apex 3D system which is designed to address the challenges of ankle replacement surgery by using contoured components that help mitigate pain and restore natural motion.
The bone replacement market from the allografts segment is expected to see significant progress between 2023 and 2032. The growing use of these products in orthopedic surgeries is driving the market outlook.
The market of Asia Pacific is expected to see decent value during the forecast period, driven by the rising number of people suffering from arthritis. The surge in the number of road accidents in countries such as India, China, Japan, Indonesia, and Australia have led to an increase in the need for hip and knee replacement surgeries. Unsafe road infrastructure and drinking and driving are contributing to this trend. According to the WHO, over 93% of road fatalities worldwide occur in low- and middle-income countries.
Prominent companies operating in the global bone replacement market include Smith & Nephew Plc, Zimmer Biomet, B. Braun Melsungen AG, Stryker, NuVasive, and Medtronic.