Breaking Down the Growth Trajectory: Insights into the Global Bone Void Fillers Market

Posted by Meghana on May 9th, 2024

Overview and Scope
Bone void fillers are materials used to fill defects or discontinuities in bone tissue, often resulting from pathologic processes such as trauma, degenerative, or neoplastic conditions. These fillers can be synthetic or natural, and they provide an osteoconductive matrix to facilitate bone healing.

Sizing and Forecast
The bone void fillers market size has grown strongly in recent years. It will grow from .26 billion in 2023 to .53 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. .The growth in the historic period can be attributed to increasing prevalence of bone-related diseases, aging population, sports injuries, increasing healthcare expenditures, rise in funding from private and government organizations for development of the healthcare sector.

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Segmentation & Regional Insights
The bone void fillers market covered in this report is segmented –

1) By Type: Demineralized Bone Matrix, Calcium phosphate Bone Graft Substitute, Collagen Matrix, Other Types
2) By Form: Gel And Putty, Granules, Other Forms
3) By Application: Bone Fracture, Spine Fusion, Other Applications
4) By End-User: Hospital, Specialty Clinics

North America was the largest region in the bone void fillers market in 2023. The regions covered in the bone void fillers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The growing burden of bone diseases is expected to propel the growth of the bone void filler market going forward. Bone diseases are medical conditions that affect the structure and function of the bones, leading to abnormalities such as weakness, deformity, pain, and impaired growth or repair. Bone void fillers are useful for treating bone diseases by promoting bone growth and repair in areas where bone is damaged by promoting quicker healing, reducing pain, and enhancing the overall success of bone-related treatments. For instance, in August 2023, according to the Institute for Health Metrics and Evaluation (IHME), a US-based research institution, projections indicate that almost 1 billion individuals are expected to suffer from osteoarthritis, with knee osteoarthritis expected to rise by 75% and hand osteoarthritis by 50% by 2050. Therefore, the growing burden of bone diseases is driving the growth of the bone void filler market.

Key Industry Players
Major companies operating in the bone void fillers market report are Johnson & Johnson, Medtronic plc, Danaher Corporation, Heraeus Group, Stryker Corporation, Baxter International Inc., B. Braun Mulsungen AG, Huntsman Corporation, Zimmer Biomet Holdings Inc., Smith and Nephew plc, Arthrex Inc., Globus Medical Inc., NuVasive Inc., Orthofix Medical Inc., Exactech Inc., Biocomposites Ltd., Mitsubishi Plastics Inc., Aziyo Biologics Inc., Bone Support AB, Collagen Matrix Inc. , Royal Biologics Inc., FlexForm Technologies, Fiberon LLC, Orthorebirth Co. Ltd, Vivex Biologics

The bone void fillers market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis