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Bone Void Fillers Market Growth Accelerates: Strategic Forecast Predicts $4.86 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Bone Void Fillers Industry Market Size Be by 2025?
In recent times, the market size of bone void fillers has seen a remarkable increase. The market, which is predicted to be at $3.53 billion in 2024, is expected to advance to $3.8 billion in 2025, representing a compound annual growth rate (CAGR) of 7.8%. The previous growth can be linked to the growing occurrence of diseases related to bones, an increasing elderly population, sports-related injuries, an increase in healthcare spending, and a rise in financing from private entities and governmental organizations for the improvement of healthcare services.
What's the Long-Term Growth Forecast for the Bone Void Fillers Market Size Through 2029?
The market size for bone void fillers is projected to experience significant expansion in the coming years, with an estimated valuation of $4.86 billion by 2029, following a compound annual growth rate (CAGR) of 6.3%. This expected growth during the forecast period is attributed to a variety of factors such as its growing usage in regenerative medicine, the increasing occurrence of lifestyle-related illnesses, a surge in orthopedic surgeries, and the rising acceptance of minimally invasive surgical methods, personalized healthcare, and tailor-made treatments. Additionally, the forecast period is set to witness major trends including medical technology advancements, biocompatibility innovations, augmented customization and 3D printing, progressive improvements in surgical procedures along with advanced imaging and surgical planning projections.
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What Are the Key Growth Drivers Fueling the Bone Void Fillers Market Expansion?
The increasing prevalence of bone disorders is anticipated to fuel the expansion of the bone void filler market. These health conditions, which impact the form and operation of the bones, can cause anomalies such as frailty, malformation, discomfort, and hindered growth or repair. Bone void fillers are beneficial in managing bone diseases by fostering bone development and repair in the areas affected, thereby accelerating healing, alleviating pain, and boosting the effectiveness of bone therapies. For example, estimates from the Institute for Health Metrics and Evaluation (IHME), a research institution in the U.S., in August 2023, suggest that nearly 1 billion people will have osteoarthritis by 2050, with knee osteoarthritis anticipated to increase by 75% and hand osteoarthritis by 50%. Consequently, the escalating incidence of bone disorders is contributing to the surge in the bone void filler market.
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What Are the Key Trends Driving Bone Void Fillers Market Growth?
Firms that have a significant presence in the bone void fillers market are concentrating their efforts on producing innovative products like carbohydrate polymer bone graft substitutes to boost their profitability. These substitutes are synthetic materials engineered to resemble the structure of natural bone and stimulate the body's healing and regenerative processes in areas of bone loss. An example of this is the launch of Bio-Reign 3D in May 2023 by Royal Biologics, an American orthobiologics and life science firm. This substitute, made from a hyper-crosslinked natural carbohydrate polymer, is beneficial for cell growth and the formation of blood vessels, aiding in bone regeneration. The material transitions to radiopaque from being radiolucent as the healing develops, making it possible to track the healing journey. Its high compression, tensile strength, and simple application ensuring effective molding and application of the graft, are some of the benefits.
How Is the Bone Void Fillers Market Segmented?
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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Which Companies Are Leading the Charge in Bone Void Fillers Market Innovation?
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
Which Regions Are Leading the Global Bone Void Fillers Market in Revenue?
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.
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