Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Repairing of damaged bones is a critical clinical issue faced by orthopedic surgeons, which is generally overcome by bone transplantation. Bone transplantation materials are primarily divided into three types, namely same body bone, different body bone, and artificial bone. Excellent bone substitutes are required to provide fine biological compatibility and to act positively in bone reconstruction in terms of speeding bone repair and achieving better therapeutic effects. Artificial bone is a bone-like material created in a laboratory, which is used in bone grafts to replace human bones.

Inorganic non-metallic materials such as Hydroxyapatite (HA) are increasingly being used for artificial bone applications, owing to its good biocompatibility in bone contact, as its chemical composition is similar to that of bone material. HA is the main inorganic component of natural bones, accounting for about 60% of the bone composition. Porous HA ceramics have remarkable usage in biomedical applications, including bone tissue regeneration, cell proliferation, and drug delivery. In bone tissue engineering, it is applied as a filling material for bone defects and augmentation, artificial bone graft material, and prosthesis revision surgery.

The global artificial bone market is estimated to be valued at US$ 1,308.2 million in 2020 and is expected to exhibit a CAGR of 5.6% over the forecast period (2020-2027).

Figure 1. Global Artificial Bone Market Share (%) in Terms of Value, By Region, 2020

Artificial Bone  | Coherent Market Insights

High prevalence of osteoporosis is expected to propel the market growth over the forecast period

Osteoporosis leads to fragility fractures. Hence, increasing incidence of fractures due to high prevalence of osteoporosis is expected to increase demand for bone graft procedures. This, in turn, is expected to drive growth of the global artificial bone market during the forecast period. The following table provides the key statistics of osteoporosis and fragility fracture of Six European Countries provided by the International Osteoporosis Foundation (IOF) in October 2018:

  France Germany Italy Spain Sweden UK EU6

Individuals aged 50+ years with osteoporosis (2015)

3.8 million

5.3 million 4.0 million 2.8 million 50,000 3.5 million

20 million

Fragility Fracture incidence (2017)

382,000

765,000 563,000 330,000 120,000 520,000

2.7 million

Increasing product approvals by regulatory authorities is expected to drive the market growth over the forecast period

Market players are more focused on obtaining product approvals from regulatory authorities in order to expand their product portfolio in the artificial bone market, which is expected to boost the market growth over the forecast period. For instance, in August 2020, SurGenTec, LLC announced that received 510k clearance from the U.S. Food and Drug Administration (FDA) for its quadphasic synthetic bone graft, OsteoFlo NanoPutty. OsteoFlo features the nano-surface technology and does not require mixing, reconstituting or preparation before the use.

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Artificial Bone Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2020: US$ 1,308.2 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 5.6% 2027 Value Projection: US$ 1,916.0 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Material: Ceramics, Composite , Polymer, Hydroxyapatite, Others.
  • By Application: Spinal Fusion, Dental, Craniomaxillofacial, Joint Reconstruction, Trauma and Extremities.
  • By End User: Hospitals, Specialty Clinics, Research Organization.
Companies covered:

Johnson & Johnson (DePuy Synthes), Baxter International Inc., Medtronic Plc, Stryker Corporation, Orthofix International N.V., AlloSource, Inc., NuVasive, Inc., Smith & Nephew plc, DSM, Biomatlante, Curasan, Inc., and Ziacom Medical

Growth Drivers:
  • Increasing incidence of fracture due to high prevalence of osteoporosis
  • Adoption of inorganic growth strategies by key players
Restraints & Challenges:
  • High cost of surgeries
  • Low mechanical strength of artificial bones

Global Artificial Bone Market – Impact of Coronavirus (Covid-19) Pandemic

The coronavirus disease (COVID-19) pandemic is the most recent outbreak, which was first reported on December 31, 2019, in Wuhan, China. The World Health Organization declared coronavirus disease (COVID-19) as a pandemic on March 11, 2020.

According to the Coronavirus Disease (COVID-19) Weekly Epidemiological Update by the World Health Organization, over 32.7 million cases and 991,000 deaths due to coronavirus disease (COVID-19) were reported on September 27, 2020 across the globe.

According to the Coronavirus Disease (COVID-19) Weekly Epidemiological Update by the World Health Organization, the coronavirus disease (COVID-19) cases in different regions reported on September 27, 2020 are as follows:

WHO Regions

New cases in last 7 days

Cumulative cases

The Americas

766,526

16,233,110

South-east Asia

647,309

6,720,771

Europe

418,719

5,662,875

Africa

26,945

1,172,342

Eastern Mediterranean

124,482

2,340,215

Western Pacific

22,986

600,891

COVID-19 can affect the economy in three main ways; by directly affecting production and demand, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries such as China, India, Saudi Arabia, UAE, Egypt, and others are facing problems with regards to transportation of products and raw materials from one place to another, which is expected to limit the market growth during the forecast period.

Artificial Bone Market: Restraints

However, high cost of surgeries and low mechanical strength of artificial bones are expected to hinder growth of the global artificial bone market during the forecast period.

Key Players

Major players operating in the global artificial bone market include Johnson & Johnson (DePuy Synthes), Baxter International Inc., Medtronic Plc, Stryker Corporation, Orthofix International N.V., AlloSource, Inc., NuVasive, Inc., Smith & Nephew plc, DSM, Biomatlante, Curasan, Inc., and Ziacom Medical.

A variety of synthetic polymers, natural polymers, and bioceramics are being used to develop artificial bones and are being investigated for their physiochemical role in vivo, which are currently in clinical trial stages. Furthermore, carbon-based bone materials such as carbon nanotubes and graphene, have been widely investigated as potential solutions to several biomedical problems. Electrical and mechanical properties of carbon nanotubes (CNTs) are important key properties, which can be used for bone tissue engineering. Among this, electrical properties of carbon nanotubes are used to stimulate the cell towards osteogenic differentiation and mechanical properties can be used to mimic the mechanical strength of the bone.

Moreover, rising incidence of trauma and accidents across the globe is increasing the prevalence of bone damage, which is expected to boost growth of the artificial bone market over the forecast period. For instance, according to the Ohio State University, around 6.3 million cases of bone fractures are recorded every year in the U.S. Also, fractures account for 16% of all musculoskeletal injuries in the U.S. annually.

Market Dynamics

Increasing technological developments in artificial bones is anticipated to drive the growth of artificial bone market over the forecast period. The new 3-D printing design is a relatively safer and effective technology for the manufacturing of artificial bones. Various research organizations are engaged in carrying out extensive research and development in 3-D artificial bone design profiling. For instance, according to the data published in ScienceDaily Journal, in August 2017, researchers from University of British Columbia, Canada developed a new artificial bone design that can be customized and made with a 3-D printer for stronger, safer, and highly effective bone replacements.

Key features of the study:

  • This report provides in-depth analysis of the global artificial bone market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2020–2027), considering 2019 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global artificial bone market based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include Johnson & Johnson (DePuy Synthes), Baxter International Inc., Medtronic Plc, Stryker Corporation, Orthofix International N.V., AlloSource, Inc., NuVasive, Inc., Smith & Nephew plc, DSM, Biomatlante, Curasan, Inc., and Ziacom Medical
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global artificial bone market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global artificial bone market

Detailed Segmentation:

  • Global Artificial Bone Market, By Material:
    • Ceramics
    • Composite
    • Polymer
    • Hydroxyapatite
    • Others
  • Global Artificial Bone Market, By Application:
    • Spinal Fusion
    • Dental
    • Craniomaxillofacial
    • Joint Reconstruction
    • Trauma and Extremities
  • Global Artificial Bone Market, By End User:
    • Hospitals
    • Specialty Clinics
    • Research Organization
  • Global Artificial Bone Market, By Region:
    • North America
      • By Material:
        • Ceramics
        • Composite
        • Polymer
        • Hydroxyapatite
        • Others
      • By Application
        • Spinal Fusion
        • Dental
        • Craniomaxillofacial
        • Joint Reconstruction
        • Trauma and Extremities  
      • By End User:
        • Hospitals
        • Specialty Clinics
        • Research Organization  
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Material:
        • Ceramics
        • Composite
        • Polymer
        • Hydroxyapatite
        • Others
      • By Application
        • Spinal Fusion
        • Dental
        • Craniomaxillofacial
        • Joint Reconstruction
        • Trauma and Extremities  
      • By End User:
        • Hospitals
        • Specialty Clinics
        • Research Organization
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Material:
        • Ceramics
        • Composite
        • Polymer
        • Hydroxyapatite
        • Others
      • By Application
        • Spinal Fusion
        • Dental
        • Craniomaxillofacial
        • Joint Reconstruction
        • Trauma and Extremities  
      • By End User:
        • Hospitals
        • Specialty Clinics
        • Research Organization
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Material:
        • Ceramics
        • Composite
        • Polymer
        • Hydroxyapatite
        • Others
      • By Application
        • Spinal Fusion
        • Dental
        • Craniomaxillofacial
        • Joint Reconstruction
        • Trauma and Extremities  
      • By End User:
        • Hospitals
        • Specialty Clinics
        • Research Organization
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Material:
        • Ceramics
        • Composite
        • Polymer
        • Hydroxyapatite
        • Others
      • By Application
        • Spinal Fusion
        • Dental
        • Craniomaxillofacial
        • Joint Reconstruction
        • Trauma and Extremities  
      • By End User:
        • Hospitals
        • Specialty Clinics
        • Research Organization  
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Material:
        • Ceramics
        • Composite
        • Polymer
        • Hydroxyapatite
        • Others
      • By Application
        • Spinal Fusion
        • Dental
        • Craniomaxillofacial
        • Joint Reconstruction
        • Trauma and Extremities  
      • By End User:
        • Hospitals
        • Specialty Clinics
        • Research Organization
      • By Country/Region:
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Johnson & Johnson (DePuy Synthes)*
      • Company Overview
      • Material Portfolio
      • Financial Performance
      • Key Highlights
      • Market Strategies
    • Baxter International Inc.
    • Medtronic Plc
    • Stryker Corporation
    • Orthofix International N.V.
    • AlloSource, Inc.
    • NuVasive, Inc.
    • Smith & Nephew plc
    • DSM
    • Biomatlante
    • Curasan, Inc.
    • Ziacom Medical

 “*” marked represents similar segmentation in other categories in the respective section.      

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Material
      • Market Snippet, By Application
      • Market Snippet, By End User
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Key Developments
    • PEST Analysis
  4. Global Artificial Bone Market – Impact of Coronavirus (Covid-19) Pandemic
    • During-COVID 19 Market Analysis
    • Post-COVID 19 Market Analysis
    • Key Developments
  5. Global Artificial Bone Market, By Material, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Ceramics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Composite
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Polymer
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Hydroxyapatite
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  6. Global Artificial Bone Market, By Application, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Spinal Fusion
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Dental
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Craniomaxillofacial
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Joint Reconstruction
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Trauma and Extremities
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  7. Global Artificial Bone Market, By End User, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Hospitals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Specialty Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Research Organization
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  8. Global Artificial Bone Market, By Region, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2027
    • North America
      • Market Size and Forecast, By Material, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Material, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Material, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Material, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • Market Size and Forecast, By Material, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Material, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country/Region, 2016 – 2027, (US$ Mn)
        • South Africa
        • Central Africa
        • North Africa
  9. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis
      • Johnson & Johnson (DePuy Synthes)
        • Company Overview
        • Device Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Baxter International Inc.
        • Company Overview
        • Device Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Medtronic Plc
        • Company Overview
        • Device Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Stryker Corporation
        • Company Overview
        • Device Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Orthofix International N.V.
        • Company Overview
        • Device Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • AlloSource, Inc.
        • Company Overview
        • Device Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • NuVasive, Inc.
        • Company Overview
        • Device Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Smith & Nephew plc
        • Company Overview
        • Device Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • DSM
        • Company Overview
        • Device Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Biomatlante
        • Company Overview
        • Device Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Curasan, Inc.
        • Company Overview
        • Device Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Ziacom Medical
        • Company Overview
        • Device Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
    • Analyst Views
  10. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 35 market data tables and 34 figures on "Artificial Bone Market” - Global forecast to 2027

Frequently Asked Questions

The global artificial bone market size is estimated to surpass US$ 1,916.0 million by 2027.
The global artificial bone market is expected to register a CAGR of 5.6% during the forecast period (2020-2027).
Increasing incidence of fractures due to high prevalence of osteoporosis and adoption of inorganic growth strategies by key players are driving the global artificial bone market growth.
The spinal fusion segment is estimated to hold major market share in 2020, owing to increasing product launches by market players.
Major factors hampering growth of the market are high cost of surgeries and low mechanical strength of artificial bones.
Major players operating in the global artificial bone market include Johnson & Johnson (DePuy Synthes), Baxter International Inc., Medtronic Plc, Stryker Corporation, Orthofix International N.V., AlloSource, Inc., NuVasive, Inc., Smith & Nephew plc, DSM, Biomatlante, Curasan, Inc., and Ziacom Medical.
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