Global bone void fillers market stood at USD2653.41 million in 2020 and is expected to grow at a steady CAGR of 5.86% during the forecast period on account of the growing geriatric population suffering from various bone related problems such as osteoporosis, spinal cord injuries, injuries due to falls, among others. Additionally growing prevalence of diabetes has led to an increase in incidence of diabetic foot disease which leads to osteomyelitis thereby positively influencing the market growth through 2026. Furthermore, growing number of road accidents across the globe coupled with rising incidences of falls causing different types of injuries can further support the market growth over the next few years. Besides, technological advancements and new product launches by major players operating in the market is expected to create lucrative opportunities for the overall growth of market during the forecast period.
Increasing Prevalence of Orthopedic Problems Driving Market Growth
The rising prevalence of orthopedic problems is one of the major drivers of the bone void fillers market. Spinal decompression/laminectomy followed by cervical spinal fusion are the top outpatient orthopedic procedures performed in the US. Osteoporosis is also one of the common ailments primarily associated with increased risk factors of bone fractures. It is characterized by a decrease in bone mass and destruction. The prevalence of osteoporosis among the elderly population in Spain and China has been found to be 39.3% and 39.4%, respectively.
Upsurge in Prevalence of Sports Injuries Supporting Market Growth
According to the US National Institutes of Health, the most common sports injuries are caused due to accidents, poor training practices, and wrong utilization of sports gear and equipment. As per the American Orthopedic Society for Sports Medicine (AOSSM), it has been estimated that 305 million children aged 14 years and under, along with 2 million high school athletes, had received treatment for sports related injuries as of 2019. International events like Olympics bring hope and excite sports players and athletes to participate and even reduce the risks of chronic ailments like diabetes, obesity, and other cardiovascular diseases, however, increases the risk of unavoidable sports injury. The most common sports injuries are- achilles tendon injuries, fractures and dislocations, knee injuries, primary ankle replacement.
Widespread use in Dentistry (Bone Grafting) Aids Market Growth
Bone grafting is one of the effective applications for dental implants and has widespread use globally. The grafted and vascularized filler is used to restore skeletal integrity and replace bone segments after trauma or tumor invasion. These grafts act as a mineral reservoir in dental implants and are of the following types- autografts, allografts, xenografts, alloplasts.
Increasing Medical Tourism to Support Market Growth
Medical tourism is expected to rise exponentially in the next decade. The increasing specialized hospitals in countries like Singapore, India, China, and Japan have majorly contributed to providing treatment at a reasonable cost, making the patients travel across the borders to get their treatment done at affordable prices. Despite the affordability, people tend to believe not to compromise on the quality of life, therefore switching to the best places to get their treatment done.
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Market Segmentation
The global bone void fillers market is segmented based on material, form, procedure, end user, company, and regional distribution. Based on material, the market can be categorized into calcium sulphate, demineralized bone matrix, tri-calcium phosphate, and others. On the basis of form, the market can be fragmented into putty, paste, granules, gel and others. In terms of procedure, the market can be categorized into spine fusion & interbody fusion, oral surgeries, and others. Based on end user, the market can be segmented into hospitals, specialty clinics, and others. Based on the region, North America led the market in 2020 and is anticipated to continue dominance through 2026. United States bone void fillers market is anticipated to grow at CAGR of 6.90% to reach USD889.77 million by 2026. Increasing patient pool suffering from bone infections and bone related disorders is propelling the growth of bone void fillers market through 2026.
Company Profiles
Stryker Corporation, Zimmer Biomet Holdings, Inc., Smith & Nephew, Plc, Medtronic, Plc, Johnson & Johnson, BoneSupport AB, NuVasive, Inc., Integra Lifesciences Holdings Corporation, Arthrex, Inc., Collagen Matrix, Inc., are among the major market players in the global bone void fillers market.
Attribute | Details |
Market Size Value in 2020 | USD2653.41 Million |
Revenue Forecast in 2026 | USD3709.38 Million |
United States Market Size Value in 2020 | USD605.44 Million |
Growth Rate | 5.86% |
Base Year | 2020 |
Historical Years | 2016 – 2019 |
Estimated Year | 2021 |
Forecast Period | 2022 – 2026 |
Quantitative Units | Revenue in USD Million, and CAGR for 2016-2020 and 2021-2026 |
Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered | - Material
- Form
- Procedure
- End User
|
Regional Scope | North America; Europe; Asia Pacific; South America; Middle East & Africa |
Country Scope | United States; Canada; Mexico; Germany; Italy; United Kingdom; France; Spain; China; India; Japan; South Korea; Australia; Brazil; Argentina; Colombia; South Africa; Saudi Arabia; UAE; |
Key Companies Profiled | Stryker Corporation, Zimmer Biomet Holdings, Inc., Smith & Nephew, Plc, Medtronic, Plc, Johnson & Johnson, BoneSupport AB, NuVasive, Inc., Integra Lifesciences Holdings Corporation, Arthrex, Inc., Collagen Matrix, Inc |
Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |