Artificial Bone Material Market size was valued at USD 1.5 Billion in 2024 and is forecasted to grow at a CAGR of 7.5% from 2026 to 2033, reaching USD 2.8 Billion by 2033.
The artificial bone material market was valued at USD 2.6 billion in 2022, and it is projected to expand at a compound annual growth rate (CAGR) of 8.5% from 2023 to 2030. This market growth is driven by advancements in biotechnology, the rising incidence of orthopedic conditions, and the increasing preference for minimally invasive surgical procedures. North America holds the largest share of the market, contributing approximately 40% in 2022, owing to the high demand for advanced healthcare solutions and significant investments in research and development. The European market is expected to experience substantial growth due to the rising aging population and the increasing number of joint replacement surgeries, with a CAGR of 7.3% during the forecast period. The Asia Pacific region is also expected to witness rapid growth, driven by the expanding healthcare infrastructure and rising awareness of artificial bone implants, with an anticipated CAGR of 9.2% from 2023 to 2030.
The Middle East & Africa and Latin America markets are expected to exhibit moderate growth rates. The Middle East & Africa market, while smaller, is poised for growth with rising healthcare spending and an increasing prevalence of bone related disorders. In Latin America, the market is growing steadily due to improving healthcare access and rising adoption of advanced medical technologies. The overall market dynamics are highly influenced by the expanding global healthcare sector, technological advancements in bone material development, and increasing healthcare investments in emerging economies. The growing geriatric population across various regions further bolsters the demand for artificial bone materials globally.
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Baxter International
Inc.
Johnson & Johnson (DePuySynthes)
Exactech
Inc. (acquired by TPG Capital)
SeaSpine Holdings Corporation
LifeNet Health
Inc.
Medtronic PLC.
Halma PLC. (NovaBone)
Zimmer Biomet
RTI Surgical
Orthofix International N V
Smith & Nephew Plc
Stryker Corporation
Wright Medical Group N.V.
Xtant Medical Holdings
Inc.
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Artificial Bone Material Market
Bio-ceramics
Bio-polymers
Composites
Metals
Others
Orthopedic Implants
Dental Implants
Spinal Implants
Craniofacial Implants
Bone Regeneration
Hospitals
Clinics
Ambulatory Surgical Centers
Research & Academic Institutions
3D Printing
Injection Molding
Casting
Others
Powder
Granules
Sheets
Others
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Artificial Bone Material Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Artificial Bone Material Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Artificial Bone Material Market, By Type
6. Global Artificial Bone Material Market, By Application
7. Global Artificial Bone Material Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Artificial Bone Material Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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