North America to Dominate the Global Bone Void Fillers Market till 2026
Increase in number of clinical trials
being performed and high demand for quality healthcare is expected to drive the
global bone void fillers market in the forecast period.
According to TechSci Research report, “Global
Bone
Void Fillers Market By Material (Demineralized Bone Matrix (DBM), Calcium
Sulphate, Tri-Calcium Phosphate, Others) By Form (Gel, Granules, Paste, Others)
By Procedure (Spine Fusion, Interbody Fusion, Oral Surgeries, Others) By End
User (Hospitals, Specialty Clinics, Others) By Company, By Region, Forecast
& Opportunities, 2026”, The global bone void fillers market is expected
to witness steady growth for the upcoming five years. Bone void fillers are
type of injectable bone substitute and used for treatment and management of
bone voids. These are substituted with the help of surgical procedures such as
interbody fusion and spine fusion. Rise in number of sports related injuries
and accidents are considered significant factors for the growth of the bone
void filers market. Increase of the old age population who with growing age are
more prone in getting affected by various bone relate disorders is expected to
bolster the market growth. Surge in disposable income among the middle-class
families is aiding to increase the expenditure capacity of consumers thereby
enabling them to afford quality treatment services.
The COVID-19 outbreak across the world which has
been declared as pandemic by World Health Organization has affected several countries
adversely. Leading authorities-imposed lockdown restrictions and released a set
of precautionary measures to contain the spread of novel coronavirus.
Coronavirus affected patients started suffering from shortness of breath along
with coughing and sneezing. Leading authorities increased the capacity of
hospitals as a greater number of patients were getting affected daily and getting
admitted into the hospital facilities. Non-essential and elective surgical
procedures were postponed as all focus and resources were used to treat the
huge number of patients suffering from coronavirus. Disruption in supply chain
was observed which led to shortage of raw materials. Therefore, COVID-19
affected the global bone void fillers market adversely.
However, clinical limitations such as presence
of animal of marine derived products and high associated costs may create
hindrance in the global bone void fillers market growth.
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Global bone
void fillers market is segmented into material, form, procedure, end user,
regional distribution, and company. Based on material, market can be further
divided into demineralized bone matrix (DBM), calcium sulphate, tri-calcium
phosphate, and others. The calcium sulphate material segment is expected to
witness fastest incremental growth for the forecast period, 2022-2026. These
integrate normally in eight to 10 weeks as the conventional time which was
two-three years. High adoption of synthetic fillers and continuous product
launches into the market by players is driving the growth of this segment. Based
on end user, market can be divided into hospitals, specialty clinics, and others.
The hospitals end user segment is expected to dominate the market for the next
five years. Huge patient in-flow into the hospital facilities along with
increase in the number of hospital facilities is boosting the demand of bone
void fillers market. Hospital facilities perform critical orthopedic procedures
which require the use of bone void fillers and presence of skilled healthcare
professionals in the hospitals is further expected to accelerate the segment
growth.
BoneSupport AB,
Wright Medical Group N.V., Arthrex Inc., Stryker Corporation, Zimmer Biomet
Holdings, Inc., Johnson & Johnson, B. Braun Melsungen AG, Collagen Matrix
Inc., Smith & Nephew plc (Graftys), NuVasive, Inc., are the leading players
operating in global bone void fillers market. Manufacturers are increasingly
focusing on research and development process to fuel higher growth in the
market. To meet evolving customer demand with respect to better efficiency and
durability, several bone void fillers manufacturers are coming up with their
technologically advanced offerings.
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“Increase in awareness coupled with rising
demand is driving the growth of bone void fillers. Leading authorities are
promoting medical tourism majorly in developing economies to boost the
healthcare industry due to the presence of cost-effective surgical solutions.
Rapid change in lifestyle of people is aiding to influence the disease patterns
along with improved access to healthcare facilities in emerging economies is
further anticipated to propel the global bone void fillers market growth till
2026” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Global Bone Void Fillers Market By Material
(Demineralized Bone Matrix (DBM), Calcium Sulphate, Tri-Calcium Phosphate,
Others) By Form (Gel, Granules, Paste, Others) By Procedure (Spine Fusion,
Interbody Fusion, Oral Surgeries, Others) By End User (Hospitals, Specialty
Clinics, Others) By Company, By Region, Forecast & Opportunities, 2026” has evaluated the
future growth potential of global bone void fillers market and provided
statistics & information on market size, shares, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers, challenges,
and opportunities in the of global bone void fillers market.
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