Emphasis on Type (Demineralized Bone, Collagen Matrix, Matrix Calcium Sulfate, Tri-Calcium Phosphate); Form (Gel Granules, Paste Putty, and Others); End-User (Hospitals, Specialty Clinics, and Others); and Region/Country
Bone Void Fillers Market Size & ForecastThe Bone Void Fillers market was valued at approximately USD 3.5 billion in 2023 and is expected to grow at a substantial CAGR of around 6.8% during the forecast period (2024-2032) owing to the increasing prevalence of chronic pain conditions such as arthritis and back pain, leading to higher demand for pain management medications like Bone Void Fillers.
Bone void fillers are biomaterials used to fill defects or voids in bones caused by trauma, tumors, or degenerative diseases. They promote bone regeneration and integration by providing a scaffold for new bone growth. These materials can be synthetic or derived from natural sources like demineralized bone. They play a critical role in orthopedic and reconstructive surgeries, improving healing outcomes and restoring skeletal integrity.
The bone void fillers market is poised for growth as the global population ages and the incidence of orthopedic disorders increases. This expansion creates opportunities for manufacturers to develop new products and expand their geographical footprint. Additionally, the rising innovation in biomaterials and manufacturing processes will be crucial for companies looking to differentiate their products in a competitive market. In October 2023, Orthofix Medical Inc., a leading global spine, and orthopedics company, announced the 510k clearance and full commercial launch of OsteoCove, an advanced bioactive synthetic graft. Available in both a putty and strip configuration, OsteoCove was carefully formulated to provide superior bone-forming capabilities with best-in-class handling characteristics for a wide range of spine and orthopedic procedural applications. Moreover, collaborations between industry players, academic institutions, and research organizations increase innovation and accelerate the development of new bone void fillers. Such partnerships can also facilitate regulatory approvals and market access.
This section discusses the key market trends influencing the various segments of the bone void fillers market as identified by our research experts.
The demineralized bone held a dominant market share in 2023. This is due to its unique biological properties and versatile orthopedic and spinal surgery applications. As demand for minimally invasive procedures and biocompatible materials grows, demineralized bone remains a cornerstone in the expanding bone void fillers market. For instance, in October 2022, Orthofix Medical Inc. announced the full market release and first implants of Legacy Demineralized Bone Matrix (DBM), a putty for filling voids or gaps in bony defects or traumatic injuries of the spine, pelvis, or extremities. Moreover, surgeons prefer demineralized bone due to its osteoconductive and osteoinductive properties, which provide structural support and stimulate new bone growth.
The North American market dominated the Bone Void Fillers market in 2023 because of North America’s growing preference for minimally invasive surgical techniques, driven by patient demand for quicker recovery times and reduced hospital stays. Bone void fillers are crucial in these procedures as they provide structural support and promote bone regeneration without requiring extensive open surgeries. Moreover, establishing strong distribution networks and partnerships with distributors and healthcare facilities across North America will be crucial for market penetration and reaching target audiences effectively. Furthermore, North America attracts patients from around the world for specialized orthopedic procedures, contributing to the demand for bone void fillers.
The Bone Void Fillers market is competitive, with several global and international market players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, new product launches, geographical expansions, and mergers and acquisitions. Some of the major players operating in the market are Stryker, Medical Device Business Services, Inc. (Johnson & Johnson), Medtronic, Zimmer Biomet, Smith+Nephew, Globus Medical, Orthofix Medical Inc., Baxter Arthrex, Inc., SeaSpine.
In June 2023, BONESUPPORT, an emerging leader in orthobiologics for the management of bone injuries, today announces the launch of the next generation of the company’s breakthrough antibiotic-eluting bone graft substitute, CERAMENT G. Improvements to CERAMENT G have been made to increase ease of use and to reduce environmental impact.
In April 2023, Abyrx, Inc., a leading biomaterial sciences company with a focus on therapeutic technologies for use during surgical procedures, today announced its receipt of additional United States Food and Drug Administration (FDA) clearances for the company’s MONTAGE Settable, Resorbable Bone Putty as both a bone void filler and cranial bone cement.
In October 2022, Orthofix Medical Inc. announced the full market release and first implants of Legacy Demineralized Bone Matrix (DBM), a putty for filling voids or gaps in bony defects or traumatic injuries of the spine, pelvis, or extremities.
In September 2021, Orthofix Medical Inc., a global medical device company with a spine and orthopedics focus, announced the full market launch of the Opus Mg Set osteoconductive scaffold, a synthetic magnesium-based bone void filler for orthopedic procedures.
The global Bone Void Fillers market can be customized further as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
1. Market Introduction
2. Research Methodology Or Assumption
3. Executive Summary
4. Market Dynamics
5. Pricing Analysis
6. Global Bone Void Fillers Market Revenue (usd Bn), 2022-2032f
7. Market Insights By Type
8. Market Insights By Form
9. Market Insights By End-user
10. Market Insights By Region
11. Value Chain Analysis
12. Competitive Landscape
13. Company Profiles
14. Acronyms & Assumption
15. Annexure
Analyzing the historical market, estimating the current market, and forecasting the future market of the global Bone Void Fillers market were the three major steps undertaken to create and analyze the adoption of Bone Void Fillers in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Bone Void Fillers market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
A detailed secondary study was conducted to obtain the historical market size of the Bone Void Fillers market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Bone Void Fillers market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type, form, end-user, and regions. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Bone Void Fillers market. Further, we conducted factor analysis using dependent and independent variables such as type, form, end-user, and regions of the Bone Void Fillers market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Bone Void Fillers market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Bone Void Fillers market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2032 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global bone void fillers market. Data was split into several segments and sub-segments after studying various parameters and trends in the type, form, end-user, and regions of the global bone void fillers market.
The current & future market trends of the global Bone Void Fillers market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
Q1: What is the Bone Void Fillers market's current market size and growth potential?
Q2: What are the driving factors for the growth of the Bone Void Fillers market?
Q3: Which segment has the largest share of the Bone Void Fillers market by type?
Q4: What are the major trends in the Bone Void Fillers market?
Q5: Which region will dominate the Bone Void Fillers market?
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