Global Bone Void Fillers Market is growing at a decent CAGR of 6% due to Growing Orthopaedic Disorders - Medtronic, Graftys, Stryker, Baxter, bioventus, Orthofix, Curasan, Arthrex, Zimmer Biomet

A bone void is a cavity in a bone which results from a failure of the bone's self- healing process. Healthy bone tissue can be lost or damaged as a result of infection, trauma, tumours or orthopaedic procedures. A bone void filler/graft is a material used to fill a bone defect or a void to correct these conditions. Bony voids can be filled using autografts, allografts, and synthetic grafts.

Increasing number of Bone Fractures and Orthopaedic Disorders are driving the growth of the bone void fillers market

As the world population ages, the number of people suffering from orthopaedic disorders is growing day-by-day. In USA, around 1.5 million people are diagnosed with osteoporosis each year. Further, according to International Osteoporosis Foundation, the number of osteoporotic fractures in Europe (EU27, Switzerland and the UK) would grow by 25% and reach 5.3 million in 2034, from 4.3 million in 2019. The growing number of bone fractures and orthopaedic population would fuel the demand for bone void fillers.

Products such as antibiotics-based bone void fillers to offer ample growth opportunities in Bone Void Fillers Market

Infection is a major problem after orthopaedic procedures and may lead to severe consequences. Owing to this, all leading market players are focusing on launching bone void fillers formulated in combination with antibiotics.

In June 2021, Elute, Inc. received authorization from the US FDA to use its EP Granules with Tobramycin in clinical trial. The product is a resorbable bone void filler which delivers a broad-spectrum antibiotic in a local and targeted manner in the surgical treatment of bone infections following hip or knee replacements.

Geographic Analysis: North America has the largest share of Bone Void Fillers Market

From a geographic overview, North America has the higher share of bone void fillers market. This is mainly attributed to the large number of orthopaedic procedures, growing aging world population, and relatively higher penetration of bone void filling products in this regions.

Competitive Landscape Analysis: Bone Void Fillers Market

Some of the established and emerging players operating in the global bone void filler market are Medtronic, Graftys, DePuy Synthes Companies (JnJ), Stryker, Baxter, bioventus, Orthofix, Bone Solutions Inc., Curasan, Inc., Olympus Terumo Biomaterials Corporation, Biocomposites, Arthrex, Zimmer Biomet, Collagen Matrix, Bonesupport AB, among others.

Companies are adopting efficient growth strategies to increase their market share in Bone Void Fillers Market

All leading companies operating in the bone void fillers market are focusing on launching new and advanced products to garner a higher market share than their peers. For instance,

• In February 2022, Orthofix Medical launched a synthetic bioactive bone graft (Opus BA) for spine procedures.
• In January 2022, Bone Solutions Inc. (BSI) launched Mg OSTEOINJECT, an injectable Magnesium-based bone void filler.
• In September 2021, Orthofix Medical launched the Opus Mg Set osteoconductive scaffold, a synthetic magnesium-based bone void filler for orthopedic procedures. Opus Mg Set provides a procedure-specific solution for orthopedic fracture and trauma procedures by filling non-structural bony voids or gaps during surgery.

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Ruta Halde
Associate, Medi-Tech Insights
+32 498 86 80 79
info@meditechinsights.com
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Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have successfully completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services in the areas of market assessments, due diligence, competitive intelligence, market sizing and forecasting, pricing analysis & go-to-market strategy. Our methodology includes rigorous secondary research combined with deep-dive interviews with industry leading CXO, VPs and key demand/supply side decision-makers.

This release was published on openPR.