November 06, 2020
According to the report titled ‘Global Dental Bone Graft Substitute Market Size study, by Type (Synthetic Bone Graft, Xenograft, Allograft, Autograft, Alloplast, Demineralized Allograft and Others), by Application (Socket Preservation, Ridge Augmentation, Periodontal Defect Regeneration, Implant Bone Regeneration and Sinus Lift), by Mechanism (Osteoconduction, Osteoinduction, Osteopromotion and Osteogenesis), by Product (Bio OSS, Osteograf and Grafton), by End Users (Hospitals, Dental Clinics and Others) and Regional Forecasts 2020-2027’, available with Market Study Report, global dental bone graft substitute market was valued at USD 417.1 million in 2019 and is expected to grow with a CAGR of 7.9% during 2020-2027.
Increasing number of dental extraction procedures, rising cognizance regarding oral care, along with rising pervasiveness of periodontal diseases, and growing elderly population are driving the growth of global dental bone graft substitute market.
Notably, dental bone grafts help in wound healing, and facilitates bone formation. They are used as fillers or scaffolds that aid in healing of damaged bones during the procedure of dental extraction.
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Global dental bone graft substitute industry growth will further be driven by increasing medical and dental tourism in developing economies. In 2007, about 750,000 Americans travelled to other countries for healthcare, according to The American Journal of Medicine, and in 2017, the number went up to 1.4 million.
Similarly, as per the International Medical Travel Journal, India recorded about 233,918 medical tourists in 2015 and it increased to 495,056 in 2017, facilitating the business scenario. However, strict rules regarding medical devices utilized in dentistry and lack of proper reimbursement policies are likely to impede the worldwide dental bone graft substitute industry landscape over the study period.
Citing the regional landscape, global dental bone graft substitute market sphere is segmented into North America, Asia Pacific, Latin America, Europe, and Rest of the World. The report claims that Europe currently accounts for a significant market share and is projected to grow further over the analysis period. The regional growth is credited to government initiatives for product commercialization and favorable reimbursement & insurance coverage for major procedures.