Japan Bone Grafts And Substitutes Market Size & Outlook
Japan bone grafts and substitutes market, 2017-2030 (US$M)
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Japan bone grafts and substitutes market highlights
- The Japan bone grafts and substitutes market generated a revenue of USD 73.0 million in 2022 and is expected to reach USD 129.6 million by 2030.
- The Japan market is expected to grow at a CAGR of 7.4% from 2023 to 2030.
- In terms of segment, synthetic was the largest revenue generating material type in 2022.
- Allograft is the most lucrative material type segment registering the fastest growth during the forecast period.
Bone grafts and substitutes market data book summary
| Market revenue in 2022 | USD 73.0 million |
| Market revenue in 2030 | USD 129.6 million |
| Growth rate | 7.4% (CAGR from 2022 to 2030) |
| Largest segment | Synthetic |
| Fastest growing segment | Allograft |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Allograft, Synthetic |
| Key market players worldwide | DePuy Synthes, Baxter International Inc, NuVasive, Smith & Nephew PLC, Medtronic PLC, Orthofix Medical Inc, Zimmer Biomet Holdings Inc, Geistlich Pharma, Stryker Corp, AlloSource, TBF, OST Laboratoires, Biobank |
Other key industry trends
- In terms of revenue, Japan accounted for 2.6% of the global bone grafts and substitutes market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China bone grafts and substitutes market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 194.7 million by 2030.
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Bone Grafts And Substitutes Market Scope
Bone Grafts And Substitutes Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan bone grafts and substitutes market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to bone grafts and substitutes market will help companies and investors design strategic landscapes.
Synthetic was the largest segment with a revenue share of 92.05% in 2022. Horizon Databook has segmented the Japan bone grafts and substitutes market based on allograft, synthetic covering the revenue growth of each sub-segment from 2017 to 2030.
Japan market is underdeveloped as compared to other countries of Asia pacific region. The stringent regulatory policy creates a barrier for the entry of foreign companies. Only xenograft products are approved in 2012.
Moreover, lack of an established tissue bank is also limiting the growth. The complex registration process and language barrier makes this market very time consuming as compared to other countries. The foreign product should comply with Japan’s Pharmaceutical and Medical Device Law which can be challenging sometimes.
Geistlich held a monopoly position in the market with its xenograft product. Grafton DBM by Medtronic received PMDA approval in August 2018 which is expected to boost the overall bone grafts market of Japan in the coming years.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan bone grafts and substitutes market , including forecasts for subscribers. This country databook contains high-level insights into Japan bone grafts and substitutes market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Japan bone grafts and substitutes market size, by material type, 2017-2030 (US$M)
Japan Bone Grafts And Substitutes Market Outlook Share, 2022 & 2030 (US$M)
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