Latin America Bone Graft and Substitutes Market: Innovative Substitutes for Real Bones is Expected to Compliment the Market Growth

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Increasing number of orthopedic surgeries, trauma cases, and dental graft implant procedures are expected to support growth of the Latin America bone graft and substitutes market over the forecast period. Rapid increase in adoption of bone graft substitutes such as ceramics, polymers, bioactive glass, and others is expected to significantly contribute to the market growth over the forecast period. Spinal fusion, trauma, and dental grafting are major applications of bone graft and substitutes.

The Latin America bone graft and substitutes market was valued at US$ 116.8 million in 2018, and is expected to witness a CAGR of 5.6% during the forecast period (2018– 2026).

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Increasing number of orthopedic surgeries in Latin America is expected to boost growth of Latin America bone graft and substitutes market.

According to National Center for Biotechnology Information, in 2015, around 7,076 hospital admissions for total knee arthroplasties (TKAs) and 13,017 hospital admission for total hip arthroplasties (THAs) were reported in Brazil. Moreover, in 2015, the state of Sao Paulo registered 49% geriatric population in the Southeast region of the country, among which 47.4% accounted for TKAs and 53.8% for THAs.

Moreover, increasing demand for allografts, xenografts, and various other synthetic bone grafts that are innovative substitutes for real bones is expected to compliment the market growth. For instance, use of hydroxyapatite in bone grafts without any organic and biological agents obstructs the natural processes such as osteogenesis, osteoconduction, and osteoinduction, as they are made through recombinant DNA technology.

Latin America Bone Graft and Substitutes Market – Country-Wise Analysis

On the basis of country-wise segmentation, Latin America bone graft and substitutes market is divided into Colombia, Peru, Chile, and the rest of Latin America.

Colombia is projected to witness significant growth in Latin America bone graft and substitute market, owing to growing healthcare sector in the country. According to the World Health Organization (WHO), Colombia has the best and high quality healthcare system among all the Latin American countries. Moreover, WHO has ranked Colombia’s healthcare system at 22nd position out of all 191 countries across the world.

Peru is expected to witness significant growth in Latin America bone graft and substitutes market, owing to high presence of orthopedic and dental clinics focused on dental implants by using bone grafts. For instance, Smiles Peru is a major dental clinic located in Lima, Peru which offers dental treatments such as dental implants, bone graft, and regeneration.

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Latin America Bone Graft and Substitutes Market- Competitive Landscape

Key players operating in Latin America bone graft and substitutes market include, RTI Surgical, Inc., NuVasive, Inc., Exactech, Inc., Medtronic Plc., LifeNet Health, Zimmer Biomet Holdings, Inc., Stryker Corporation, Johnson & Johnson, Orthofix International N.V., Ace Surgical Supply Co., Inc., and Novabone Product, LLC

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About Author

Curt Reaves started working for Plains Gazette in 2016. Curt grew up in a small town in northern Iowa. He studied chemistry in college, graduated, and married his wife one month later. He has been a proud Texan for the past 5 years. Curt covers politics and the economy. Previously he wrote for the Washington City Paper, The Hill newspaper, Slate Magazine, and ABCNews.com.