The bone void fillers global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Bone Void Fillers Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The bone void fillers market size has grown strongly in recent years. It will grow from $3.26 billion in 2023 to $3.53 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.
The bone void fillers market size is expected to see strong growth in the next few years. It will grow to $4.58 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to expanding applications in regenerative medicine, increased incidence of lifestyle diseases, rise in orthopedic surgeries, increased adoption of minimally invasive surgical techniques, personalized medicine and tailored treatments. Major trends in the forecast period include advancements in medical technology, biocompatibility and innovation, customization and 3D printing, technological advancements in surgical procedures, advancements in imaging and surgical planning.
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Scope Of Bone Void Fillers Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Bone Void Fillers Market Overview
Market Drivers –
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.
Market Trends –
Major companies operating in the bone void fillers market are focused on developing innovative products, such as carbohydrate polymer bone graft substitutes, to increase their profitability in the market. A carbohydrate polymer bone graft substitute used as a bone void filler is a synthetic material engineered to mimic the structure of natural bone, promoting the body’s bone healing and regeneration processes in areas where bone loss has occurred. For instance, in May 2023, Royal Biologics, a US-based orthobiologics and life science company, launched Bio-Reign 3D, a bone graft substitute made from a hyper-crosslinked natural carbohydrate polymer. It offers an optimal environment for cell growth and blood vessel formation, aiding in bone regeneration. This innovative material transitions from radiolucent to radiopaque as healing progresses, allowing for monitoring of the healing process. It also boasts superior compression, tensile strength, and ease of use, ensuring effective shaping and application of the graft.
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
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Regional Insights –
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.
Key Companies –
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
Table of Contents
1. Executive Summary
2. Bone Void Fillers Market Report Structure
3. Bone Void Fillers Market Trends And Strategies
4. Bone Void Fillers Market – Macro Economic Scenario
5. Bone Void Fillers Market Size And Growth
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27. Bone Void Fillers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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