The Latin America Bone Graft and Substitutes Market is estimated to Accelerated by Increasing Joint Disorders

Latin America Bone Graft and Substitutes Market


Bone grafts and substitutes are medical procedures and bone biomaterials widely used in orthopedic and dental surgeries to support new bone formation and facilitate bone healing in cases of fractures or other bone defects. It helps to fill bone voids or gaps created by injuries, disease, or surgery. The increasing prevalence of osteoporosis, sports injuries, and trauma-induced fractures is expected to drive the demand for bone graft substitutes. Growing geriatric population suffering from joint disorders and injuries is increasing the need for bone graft surgeries in the Latin America region.

The Latin America Bone Graft and Substitutes Market is estimated to be valued at US$ 559.36 Mn in 2024 and is expected to exhibit a CAGR of 5.2% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
One of the key trends fueling the Latin America bone graft and substitutes market growth is the rising number of vehicle accidents injuries in developing countries like Brazil and Mexico. According to the Pan American Health Organization, road accidents are the leading cause of death among young people aged between 15–29 years in Latin America. Bone fractures are common injuries associated with severe accidents. This is expected to increase the demand for bone grafting procedures during the forecast period. Moreover, increasing healthcare expenditure per capita and growing medical tourism in Brazil and Mexico is also supporting the market growth in the Latin America region.

Segment Analysis
The Latin America bone graft and substitutes market is dominated by the allografts segment owing to its wide acceptance across hospitals and healthcare facilities. Allografts are preferred over other substitutes due to their ability to provide good osteoconductive, osteogenic, and osteoinductive properties. The allograft segment's domination is further supported by the increasing number of trauma cases, accidents, and orthopedic surgeries in the region.

Key Takeaways

The Latin America bone graft and substitutes market is expected to witness high growth over the forecast period of 2024 to 2031 supported by a growing number of trauma and accident cases leading to bone injuries combined with a rising geriatric population in the region. Latin America Bone Graft And Substitutes Market Size is estimated to be valued at US$ 559.36 Mn in 2024 and is expected to exhibit a CAGR of 5.2% over the forecast period 2024 to 2031.

Regional analysis:
Brazil dominates the Latin America bone graft and substitutes market and is expected to continue its dominance over the forecast period. The growth is supported by increasing healthcare expenditure, growing population, rising awareness regarding orthopedic procedures, and a greater number of trauma and accident cases in the country.

Key players:
Key players operating in the Latin America bone graft and substitutes market are Low & Bonar PLC, Ahlstrom Group, E. I. du Pont de Nemours and Company (DuPont), 3M Company. These players are focusing on new product launches and geographical expansion to strengthen their market position. For instance, in 2022 DuPont launched a new allograft substitute product for foot and ankle procedures.

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