What Has Been The Evolution of the Bone Void Fillers Market in Recent Years?
The bone void fillers market has seen considerable growth due to a variety of factors.
• In recent times, there has been a notable growth in the market size of bone void fillers. Expected to rise from $3.53 billion in 2024, it is projected to reach $3.8 billion in 2025 with a compound annual growth rate (CAGR) of 7.8%.
The historic growth can be credited to a surge in bone-related disorders, an escalating elderly population, incidences of sports-related injuries, elevated healthcare spending, and increased financial backing from private and governmental bodies towards the development of the healthcare sector.
How Will the Bone Void Fillers Market?
The bone void fillers market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of bone void fillers is projected to experience a significant surge in the forthcoming years, reaching a value of $4.86 billion in 2029 with a CAGR of 6.3%.
This anticipated growth in the forecast period can be attributed to a variety of factors including wider use in regenerative medicine, a growing incidence of lifestyle-related diseases, an upsurge in orthopedic surgeries, and increased acceptance of minimally invasive surgery techniques, personalized medicine and customized treatments. Prominent trends predicted for the forecast period encompass advances in medical technology, biocompatibility, innovation, customization, 3D printing, and cutting-edge developments in surgical practices and surgical planning methods.
Which Factors Are Boosting Growth In The Bone Void Fillers Market?
With an increase in bone-related disorders, the demand for bone void fillers is anticipated to rise significantly. These diseases, which can cause complications such as deformities, pain, weak structure, and hindered growth or reparative capabilities of the bones, make the use of bone void fillers crucial. These fillers aid in the treatment of such conditions by accelerating bone regeneration and mending in affected areas, thus hastening the recovery process, mitigating pain, and boosting the success rate of therapies aimed at bone issues. To illustrate, the Institute for Health Metrics and Evaluation (IHME), a research institution based in the US, has predicted in August 2023 that nearly a billion people will be afflicted with osteoarthritis by 2050, including a 75% increase in knee osteoarthritis cases and a 50% rise in hand osteoarthritis cases. Hence, the escalating incidence of bone diseases is the key factor propelling the bone void filler market's expansion.
What Key Areas Define The Segmentation Of The Global Bone Void Fillers Market?
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
Subsegments:
1) By Demineralized Bone Matrix: Freeze-Dried Demineralized Bone Matrix (FDBM), Demineralized Bone Matrix Putty
2) By Calcium Phosphate Bone Graft Substitute: Hydroxyapatite, Tricalcium Phosphate
3) By Collagen Matrix: Collagen-Based Gel, Collagen-Based Sponge
4) By Other Types: Synthetic Bone Graft Substitutes, Bone Morphogenetic Proteins (BMPs)
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What Trends Are Shaping The Bone Void Fillers Market?
The primary players in the bone void fillers market are focusing on developing breakthrough products like carbohydrate polymer bone graft substitutes to boost their market earnings. A carbohydrate polymer bone graft substitute is a man-made material designed to replicate the structure of natural bone, aiding in the body's bone mending and regrowth processes in areas suffering from bone loss. For example, in May 2023, a bone graft substitute called Bio-Reign 3D, crafted from a highly cross-linked natural carbohydrate polymer, was introduced by Royal Biologics, an American orthobiologics and life science firm. This novel material provides an optimum environment for cell proliferation and angiogenesis, promoting bone growth. As the healing process advances, this material transforms from radiolucent to radiopaque, enabling the tracking of healing. With its excellent compression and tensile strength, and user-friendly nature, it simplifies the moulding and application of the graft.
Who Are the Key Players In The Bone Void Fillers Market?
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
What Is The Most Dominant Region In The Bone Void Fillers Market?
North America was the largest region in the bone void fillers market in 2024. The regions covered in the bone void fillers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
