It's just uncommon in a commercial kitchen because it costs 4-5x the price, depending on how many you want and how many you'll destroy from use over time. A cheap steel implement in a commercial kitchen will last 4-5x the lifetime of a wood one but that same wood implement will last just fine in a home kitchen.
If you are using wood to avoid plastic but coat your wood in polyurethane or any other fossil fuel based compound, I kind of feel like you’ve gone full circle back to consuming plastic.
Wood cutting boards ("butcher's blocks") have been a popular item for as long as the profession of butcher has been around and longer.
Washing wood utensils immediately after use, with some soap if needed, and drying quickly and completely, should eliminate 99%+ of the risk.