Global Bone Void Fillers Market is valued at approximately USD 3.2 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 8.5% over the forecast period 2022-2029. Bone Void Fillers are materials that are utilized for filling bony voids or gaps in the skeletal system including the posterolateral spine and pelvis.
Moreover, different types of bone void fillers are used for the treatment of bone voids such as Synthetic bone void fillers, Calcium phosphate as an injectable paste, and Calcium Sulphate in combination with powdered antibiotics among others. Bone Void Fillers (BVF) are absorbable, biocompatible, bioactive, and osteoconductive biologic material. The increasing prevalence of orthopedic diseases and the growing Geriatric Population are key factors driving the market growth.
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The rise in the geriatric population is contributing towards the growth of the Global Bone Void Fillers market., as bone mineral density decreases with age. Therefore, the probability of a person suffering from osteopenia or osteoporosis increases with age. For instance.
according to the World Bank Group, the world’s old population was 727 million in 2020, and it is predicted to treble over the next three decades, reaching 1.5 billion in 2050. Another important component driving the market space is the increasing prevalence of orthopedic diseases. For instance – as per International Osteoporosis Foundation, globally, 1 in 3 women over the age of 50 years and 1 in 5 men experience osteoporotic fractures during their lifetime. Additionally, in 2019, in Europe, around 32 million individuals aged 50+ were affected by osteoporosis, which was equivalent to 5.6% of the total European population. Also, the rising number of orthopedic surgeries and growing healthcare infrastructure in developing regions would create a lucrative growth prospectus for the market over the forecast period. However, the high cost of Bone Void Fillers stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Bone Void Fillers Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the increasing utilization of synthetic bone void fillers, and the presence of leading market players coupled with the availability of robust healthcare infrastructure in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising geriatric and target populations, and increasing incidences of osteoporosis coupled with growing healthcare spending in the region.
Major market player included in this report are:
Arthrex Inc.
Baxter International Inc.
depuy synthes companies
Medtronic plc
NuVasive Inc
Orthofix Medical Inc
Smith and Nephew plc
Stryker Corporation
Wright Medical Group N.V.
Zimmer Biomet
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Recent Developments in the Market:
In September 2021, Orthofix Medical Inc., launched Opus Mg Set, a synthetic magnesium-based bone void filler for orthopaedic procedures.
In Jan 2022, Texas, USA-based Bone Solutions Inc. (BSI), has announced the commercial launch of Mg OSTEOINJECT, the first injectable bone void filler in the U.S. based on magnesium. This new product is designed to promote bone repair and regeneration.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Type
Demineralized bone matrix
Calcium phosphate bone graft substitute
Collagen Matrix
Others
By Form
Gel and Putty
Granules
Others
By Application
Spine fusion
Bone fracture
Others
By End User
Hospital
Specialty Clinics
Others
By Region:
North America
U.S.
Canada
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Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
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