The “Bone Void Fillers Market” 2023-2031 Research Report affords qualitative and quantitative insights into the principal drivers, constraints, opportunities, and challenges influencing world markets growth. The find out about offers complete statistical market records on the leading players, as nicely as income predictions. This market lookup additionally presents statistics on the income boom of numerous regional and country-level markets, as properly as the opposition panorama and unique organization analyses for the projected period. The Bone Void Fillers Market Report covers potential improvement drivers as properly as the modern-day kingdom of market share, penetration of a number of kinds, technologies, applications, and areas thru 2031.
The global bone void fillers market size was US$ 3.2 billion in 2021. The global bone void fillers market size is forecast to reach US$ 6.6 billion by 2030, growing at a compound annual growth rate (CAGR) of 8.5% during the forecast period from 2022 to 2030.
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A complication brought on by the failure of the bone’s natural mending mechanism is called a bone void. It makes a hole or cavity in the bones. Bone voids are caused by any bone defect brought on by traumatic damage or surgical osseous. Bone void fillers, which are used to replace bone gaps and voids, are absorbable, biocompatible, bioactive, and osteoconductive in nature. They give the bone structure rigidity and support. They come in several forms, including liquid, granules, paste, sponge, and gel & putty. In several surgical procedures, including spine fusion, bone fracture, pelvic surgery, and knee surgery, bone void fillers are employed.
Factors Influencing Market Growth
The growing prevalence of orthopedic diseases such as osteoarthritis, osteoporosis, scoliosis, bone tumor, and bone infection drive the global market.
The growing R&D activities in the bone void fillers sector and increasing funding from private & government organizations for expansion of the healthcare sector boost the global market growth.
The increase in the incidence of fractures & accidents, growth in the geriatric population, and rise in the inclination of patients toward minimally invasive & non-invasive surgical treatments fuel the global market growth.
The threats concerned with the use of bone void fillers, such as infection of soft tissue may slow down the overall market growth.
Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global market. Several governments worldwide imposed a lockdown in order to curb the virus from spreading. This led to the closure of various surgical treatments as most hospitals and clinics focused on treating COVID-19 patients. For instance, elective orthopedic procedures declined by 33.3% to 100% and trauma surgeries decreased by 21.2% to 66.7%, according to a report by NCBI published in June 2021, while patient visits to these surgeries decreased by 37.7% to 74.2%.
However, the business is showing signs of recovery as surgical procedures progressively increase following the COVID-19 pandemic.
Regional Analysis
North America garnered a substantial market share in 2021 and is forecast to remain dominant during the forecast period. As a result of the increased adoption of synthetic bone void fillers, the huge existence of the bone void fillers industry, the accessibility of well-developed healthcare infrastructure, and the broad availability of bone void fillers drive the market growth in the region.
The Asia Pacific region is forecast to witness lucrative prospects during the forecast period. The rise in the prevalence of orthopedic diseases, increase in awareness about the use of bone void fillers, growing healthcare expenditure, and a surge in geriatric population boost the regional market growth.
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Leading Competitors
The leading prominent companies profiled in the global bone void fillers market are:
Arthrex Inc
Baxter International Inc.
DePuy Synthes
Medtronic plc
NuVasive Inc
Orthofix Medical Inc
Smith and Nephew plc
Stryker Corporation
Wright Medical Group Inc
Zimmer Biomet
Other Prominent Players
Scope of the Report
The global bone void fillers market segmentation focuses on Type, Form, Application, End-User, and Region.
Segmentation based on Type
Demineralized Bone Matrix
Collagen Matrix
Calcium Sulfate
Tri-calcium Phosphate
Segmentation based on Form
Gel and Putty
Granules
Others
Segmentation based on End-User
Hospital
Specialty Clinics
Others
Segmentation based on Application
Spine fusion
Bone fracture
Others
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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Key questions answered in the global market report are:
— How does a global company acquire markets?
— What are its core strategies and policies?
— What factors will influence the market over the forecast period?
— What are the factors driving and restraining the market?
— What are the leading competitors in the global market?
— Which region is growing at a higher pace in the global market?
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