Bone Void Fillers Market Size Expected to Surge USD 7.3 Billion by 2031, Allied Market Research Says

Portland, OR, July 20, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global bone void fillers market generated USD 3.2 billion in 2021, and is projected to reach USD 7.3 billion by 2031, witnessing a CAGR of 8.5% from 2022 to 2031. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.

Rise in incidence of fracture & accidents, increase in geriatric population, increased inclination of patients toward minimally invasive & non-invasive surgical treatments, spike in demand for antibiotic eluting bone void fillers, rise in number of bone graft procedures, and surge in patients’ awareness toward use of bone void fillers drive the growth of the global bone void fillers market. However, the risks involved in the use of bone void fillers such as infection of soft tissue & bone and rupture of bone void fillers, and different clinical restrictions and poor penetration ability of bone void filling materials impede the growth of the market. Moreover, increase in prevalence of bone & spinal diseases and procedural benefits provided by bone void fillers in bone fracture treatment and orthopedic diseases are expected to generate potential opportunities for the market during the forecast period.

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COVID-19 Impact Analysis:

•             The outbreak of the COVID-19 pandemic had a negative impact on the growth of the global bone void fillers market, as stringent rules were laid down by local and national governments on the delivery of products from companies, leading to decline in the number of surgical procedures.

•             However, the market witnesses a recovery with the number of surgical procedures growing gradually post the pandemic.

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The report offers detailed segmentation of the global bone void fillers market based on type, form, application, end user, and region.

Based on type, the demineralized bone matrix segment was the largest in 2021, holding more than one-third of the global market, and is expected to continue its dominancy during the forecast period. Moreover, the same segment is likely to exhibit the highest CAGR of 9.0% from 2022 to 2031.

Based on form, the gel and putty segment held more than half of the global market share in 2021, and is expected to maintain its leadership status during the forecast period. The same segment is also projected to register the highest CAGR of 8.9% from 2022 to 2031.

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Based on region, North America contributed to the highest market share in 2021, holding nearly three-fifths of the global market, and is estimated to continue its dominancy throughout the forecast period. However, the Asia-Pacific region is likely to manifest the fastest CAGR of 9.9% during the forecast period.

Leading players of the global bone void fillers market analyzed in the research include Arthrex Inc., Baxter Internation, DePuy Synthesis, Medtronic Plc., NuVasive Inc. Orthofix Medical Inc., Smith and Nephew Plc., Stryker Corporation, Wright Medical Group Inc., and Zimmer Biomet.

We also Offers Regional and Country Reports-

•             Japan Bone Void Fillers Market
•             South Korea Bone Void Fillers Market
•             Singapore Bone Void Fillers Market
•             China Bone Void Fillers Market
•             Indonesia Bone Void Fillers Market
•             Australia Bone Void Fillers Market
•             Taiwan Bone Void Fillers Market

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“We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market.”

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