Bone Harvester Market Report Overview
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The global bone harvester market size was USD 23.23 million in 2021 and is expected to reach USD 37.87 million in 2031, exhibiting a CAGR of 5.01% during the forecast period.
Autologous bone grafts or synthetic alternatives for orthopedic surgical operations are used in the scientific technique known as "bone harvesting." With the use of bone graft harvesters, it is possible to complete the necessary bone grafting procedures in a quick, secure environment. So, the safety of the individual and the toxicity of the harvest region are taken into consideration when designing the bone graft harvesting devices in order to provide best methods of assisting this operation.
The major reason boosting the global market for bone harvest is the rise in orthopedic injuries due to accidents that are occurring more frequently all over the world. Additionally, the main contributor to unhealthy lifestyles, hypertension, and severe orthopedic illnesses is the way people currently live, which involves either no or very little physical exercise. All of these elements support the expansion of the bone harvester industry by encouraging growing demands for fusion surgeries and bone implants.
COVID-19 Impact: Increase in Demand for Healthcare Services as a Result of the Outbreak
The global COVID-19 pandemic has been unprecedented and staggering, with the bone harvester market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
Today's healthcare companies operate in a dynamic atmosphere that is experiencing seismic shifts as a consequence of the advent of cutting-edge medical procedures and rising internet usage. Astute patients have become more cautious as a result of this and unmatched internet services to incredible volumes of data. As a result, there is a greater need than ever for intelligent, economical, and customized healthcare services. The COVID-19 outbreak has also led to increased demand for healthcare and associated services and products which has helped the broader health sector operate better.
Latest Trends
"Medical Device Introduced to Allow Flexibility in Extracting from Different Anatomies to the Surgeons "
A medical device business called Avitus Orthopaedics has developed a technique called the Avitus Bone Harvester - 6mm Edition that allows operators to extract small to substantial quantities of autologous bone graft and marrow from tiny bone anatomies namely calcaneus and distal radius. In comparison to the previous model, the new one has a 30% smaller pilot hole. Additionally, this harvester enables the doctors who are inspired by the chance to give their patients the best autologous graft and marrow possible as well as the flexibility to extract from different anatomies for their efficient marrow and bone harvests.
Bone Harvester Market Segmentation
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- By Type Analysis
According to type, the market can be segmented into Cancellous Bone Harvesting and Marrow Harvesting
- By Application Analysis
Based on application, the market can be divided into Public Hospital and Private Hospital
Driving Factors
"Growing Number of Bone Fractures is Increasing the Need for the Harvesters"
The need for bone harvesters is driven by the increasing number of bone fractures brought on by specific factors such traumatic injuries or auto accidents. Orthopedic procedures, osteoporosis, and other bone problems are becoming more common, which also helps the industry expand. There were 200 million women globally who had osteoporosis in 2018. Nearly 50 million people in the United States are plagued with arthritis, which is the primary cause of adult disability there. Serious spinal problems are caused by sedentary lifestyles' increased occurrences of accidents and obesity among people. This makes bone implants and fusion surgeries to close the gaps more necessary. The market for bone harvesters is being driven by this factor.
"Technological Developments and Need for Less Invasive Operations is Driving the Industry Expansion"
The manufacturing process has become much more straightforward on account of technological developments, and the product's consistent uptake has also helped the market expand. The availability of biocompatible artificial bone grafts is anticipated to increase the need for bone grafts and implants. In order to cure significant bone defects, McGill University developed a biocompatible and hardened multi-layered bone graft in October 2019. This innovation is likely to put competition on other market competitors. A rise in the need for less invasive operations and continuing research and development of technologically sophisticated bone harvesters are further factors driving the market's growth.
Restraining Factors
"High Prices and Issues with the Harvesting Process will Slow Down the Market "
The bone harvester market growth is probably going to rise, but issues with the bone harvesting processes will probably slow it down. Remaining pain, damage to the superficial peroneal nerves at the fibula area, damage to the superior cluneal nerves as a result of harvesting the posterior iliac crest, avulsion fractures of the anterior iliac spine, and vascular damage to the superior gluteal artery are some of these side effects. In addition, it is anticipated that the industry would soon be constrained by the heavy price of bone graft harvesting devices.
Bone Harvester Market Regional Insights
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"North America Dominated the Market due to Rising Cases of Orthopedic Operations in the Region"
2019 saw a global market that was dominated by North America. The area is anticipated to continue to dominate during the anticipated period due to the rising rates of orthopedic illnesses and operations. On account of the high prevalence of patients with knee osteoarthritis, there are a lot of procedures. By purchasing Wright Medical Group Inc. on November 4, 2019, Stryker Company. Significant growth potential to drive innovation and improve outcomes are anticipated to be provided by this acquisition. These factors are propelling the regional bone harvester market share to rise.
Key Industry Players
"Key Players Focus on R&D Activities to Expand their Market Presence and Broaden their Brand Portfolio"
There are several significant participants on both a regional and international level in the highly competitive harvesters industry. Furthermore, they are anticipated to experience lucrative growth opportunities in the future due to rising demand for these harvesters in the global market. Important stakeholders are concentrating on implementing a range of tactics, including new product releases, acquisitions and mergers expenditures in research & development activities, collaborations, joint ventures, and partnerships, to expand their market presence and broaden their brand portfolio.
List of Market Players Profiled
- Titan Instruments (U.S.)
- Paradigm BioDevices U.S.)
- Vilex (U.S.)
- Arthrex (U.S.)
- Globus Medical (U.S.)
- Biomet (U.S.)
- Acumed (U.S.)
Report Coverage
This report covers the bone harvester market. The CAGR expected to be in during the forecast period, and also the USD value in 2021 and what it is expected to be in 2027. The effect COVID-19 had on the market in the beginning of the pandemic. The latest trends taking place in this industry. The factors that are driving this market as well as the factors that are restraining the growth of industry. The segmentation of this market based on type and applications. The region leading in the industry and why they will continue to do so during the forecast period. Further, the key market players, what all is being done by them to stay ahead of their competition as well as retain their market positions. All these details are covered in the report.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 23.23 Million in 2021 |
Market Size Value By |
US$ 37.87 Million by 2031 |
Growth Rate |
CAGR of 5.01% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the global bone harvester market expected to touch by 2031?
The global bone harvester market is expected to touch USD 37.87 million by 2031.
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What CAGR is the bone harvester market expected to exhibit during 2024-2031?
The bone harvester market is expected to exhibit a CAGR of 5.01% over 2024-2031.
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Which are the driving factors of the bone harvester market?
Growing number of bone fractures is increasing the need for the harvesters and technological developments and need for less invasive operations is driving the industry expansion are the driving factors of the bone harvester market.
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Which are the top companies operating in the bone harvester market?
Titan Instruments, Paradigm BioDevices, Vilex, Arthrex, Globus Medical are the top companies operating in the bone harvester market.