The global bone void fillers market will derive growth from recent product advancements. According to a report by Fortune Business Insights, titled “Bone Void Fillers Market Size, Share and Global Trend By Material Type (Demineralized Bone Matrix, Collagen Matrix, Calcium Sulphate, Hydroxyapatite, Tri-Calcium Phosphate, Others), By Forms (Gel, Granules, Putty, Paste, Others), By End User (Hospitals, Specialty Clinics, Ambulatory Surgical Centers, Others) and Geography Forecast till 2026,” the market will grow at a considerable rate due to the escalating demand for bone void fillers due to their applications in surgical procedures.
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Some of the leading companies in the Bone Void Fillers market
- BONESUPPORT AB
- DePuy Synthes
- Wright Medical Group
- Zimmer Biomet
- Medical Group
- Integra LifeSciences Corporation
Bone void fillers are used to fill gaps or voids that appear in the skeletal system. In addition to this, the ability of bone void filler to treat benign bone tumors has led to a rising adoption across the world. Bone void fillers consist of one osteoconductive and resorbable component each, which allows enhanced operations. The variations in bone void fillers such as paste, gell, and putty have fuelled the demand for these products from end users across the world. The increased number of bone graft surgeries will contribute to the growing adoption of bone void fillers across the world. As bone disorders are more common among the geriatric population, the increasing geriatric population will offer the platform for the growth of the bone void fillers market companies.
Increasing Product Launches Will Enable Enhanced Growth Rate
The demand for bone void fillers has opened up a huge potential for the companies operating in the global market. The increasing number of product launches will not only favor the growth of the companies, but also enable growth of the global bone void fillers market. In February 2019, Medtronic announced the launch of a new product aimed at bone grafting procedures for spinal and orthopedic procedures.
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Major Regional Analysis:
North America is likely to emerge as the leading region in the global market. Fortune Business Insights states that is likely to exhibit the highest CAGR in the forecast period.
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Major Segmental Overview:
- By Treatment
- By Route of Administration
- By Geography
The company announced the launch of Grafton Dimineralized Bone Matrix (DBM) The company announced the usage approval and launch of DBM and Fortune Business Insights has predicted that Medtronic’s latest addition to its product portfolio will offer an opportunity for the company to expand globally and thereby help establish a stronghold in the market. The report encompasses several product launches that have made major growth contributions to the global bone void fillers market and forecasts the companies that are likely to lead the market in the coming years.
Growing Usage Approvals Will Improve Surgical Procedures, Subsequently Aiding Market Growth
The increasing prevalence of bone disorders, especially within the geriatric population, will offer several growth opportunities. Due to the high demand for bone void fillers, companies are investing more in the research and development of technologically advanced products. The increasing number of product launches, combined with growing regulatory approvals for these products will favor growth of the global market in the coming years.
In 2018, Baxter announced that it received approval from the United States Food and Drug Administration for the usage of its new bone graft substitute. The company bagged approval from the FDA for the commercialization and usage of Actifuse Flow Bone Graft. Fortune Business Insights states that the approval for Baxter’s latest product will help the company generate substantial bone void fillers market revenue and subsequently aid the growth of the global market.
Fortune Business Insights has profiled a few of the prominent companies that are operating in the global bone void fillers market. Some of the leading companies that have significant growth contributions to the global market are BONESUPPORT AB, DePuy Synthes, Wright Medical Group N.V., SBM Inc., Zimmer Biomet, Medical Group, Graftys, and Integra LifeSciences Corporation.
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