PUBLISHER: Allied Market Research | PRODUCT CODE: 1566837
PUBLISHER: Allied Market Research | PRODUCT CODE: 1566837
The bone harvester market was valued at $13.5 million in 2023, and is projected to reach $23.4 million by 2033, growing at a CAGR of 5.7% from 2024 to 2033.
A bone harvester is a medical device equipped with a handle and a hollow tube with sharp cutting edges, which are used for efficient removal of bone graft. This system enables bone graft removal through a small skin incision, minimizing patient's discomfort. A bone graft is required to replace damaged bones caused due to a range of orthopedic aberrations such as non-unions, delayed unions, comminuted fractures, bone disorders, and congenital diseases.
The growth of the global bone harvester market is majorly driven by surge in demand for minimally invasive procedures, alarming increase in prevalence of orthopedic diseases, and rise in cases of accidents. According to an article published by Wolters Kluwer, a Dutch information services company, almost two million bone grafting procedures are performed worldwide per year. Among these, 500,000 bone graft are performed annually in the U.S. alone. Moreover, rise in geriatric population significantly contributes toward the market growth. Aged individuals are highly susceptible to bone-related disorders such as osteoporosis and arthritis. This is attributed to the fact that minerals in bones of aged individuals start to leech out, making them brittle, fragile, and easily breakable, thereby necessitating the need for bone harvesters. As per the World Health Organization, the number of people aged 60 years and older was 1 billion in 2019. This number is estimated to increase to 1.4 billion by 2030 and 2.1 billion by 2050. However, high cost associated with bone harvesters acts as the key deterrent factor of the global market. On the contrary, heavy investments by key players in R&D to enhance the efficacy and safety of bone harvesters are expected to offer remunerative opportunities for the expansion of the global market during the forecast period. Moreover, new product developments and innovations are aimed at addressing unmet clinical needs, improving the quality of bone grafts and reducing healthcare costs, which are expected to open new avenues for the market growth.
The global bone harvester market is segmented into type, application, end user, and region. On the basis of type, the market is divided into marrow harvesting and cancellous bone harvesting. Depending on application, it is segregated into fractures, fusions, bone repair, and others. As per end user, it is fragmented into hospitals, ambulatory surgery centers, and diagnostic centers. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings
By type, the marrow harvesting segment dominated the market share in 2023.
On the basis of end user, the hospitals segment was the major shareholder, and is expected to continue the same trend in the coming years.
Region wise, Asia-Pacific is anticipated to govern the leading position by 2033.
Competition Analysis
Competitive analysis and profiles of the major players in the global bone harvester market include Acumed, LLC, Globus Medical Inc, Arthrex GmbH, Johnson and Johnson (DePuy Synthes), Paradigm BioDevices, Inc, Biogennix, LLC, Spierings Orthopaedics B.V., Zimmer Biomet Holding, Inc., Avitus Orthopaedics, Inc., and Titan Instruments. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to sustain the intense competition and capture maximum market share.
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