Bone Void Fillers Market Analysis by Size, Share, Growth, Trends, Opportunities and Forecast (2024-2032) | UnivDatos Market Insights
According to a new report by UnivDatos Market Insights, the Bone Void Fillers Market was valued at USD 3.5 Billion in 2023 by growing at a CAGR of ~6.8%. The rising prevalence of orthopedic disorders, such as fractures, osteoporosis, and arthritis, contributes significantly to the demand for bone void fillers. As the global population ages, there is an increase in musculoskeletal injuries and diseases that require surgical intervention. According to the NHS, in 2022, around 69% of people aged 75 and over were estimated to be living with a musculoskeletal condition, compared with 23% of people aged 25–44. females, compared with males, were 5 times as likely to be living with osteoporosis and 1.4 times as likely to be living with arthritis.
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This can be attributed to the continued investment in research and development, which is crucial to developing innovative bone void fillers that enhance biocompatibility, durability, and effectiveness in promoting bone healing. This includes exploring new biomaterials, such as synthetic polymers and bioceramics, that mimic natural bone properties. In September 2021, Orthofix Medical Inc., a global medical device company with a spine and orthopedics focus, announced the full market launch of the Opus Mg Set osteoconductive scaffold, a synthetic magnesium-based bone void filler for orthopedic procedures.
The ability to tailor treatments to individual needs and desired outcomes enhances patient satisfaction and drives market demand. Some of the most performed Bone Void Fillers include:
· In June 2023, BONESUPPORT, an emerging leader in orthobiologics for the management of bone injuries, today announces the launch of the next generation of the company’s breakthrough antibiotic-eluting bone graft substitute, CERAMENT G. Improvements to CERAMENT G have been made to increase ease of use and to reduce environmental impact.
· In April 2023, Abyrx, Inc., a leading biomaterial sciences company with a focus on therapeutic technologies for use during surgical procedures, today announced its receipt of additional United States Food and Drug Administration (FDA) clearances for the company's MONTAGE Settable, Resorbable Bone Putty as both a bone void filler and cranial bone cement.
· In October 2022, Orthofix Medical Inc. announced the full market release and first implants of Legacy Demineralized Bone Matrix (DBM), a putty for filling voids or gaps in bony defects or traumatic injuries of the spine, pelvis, or extremities.
· In September 2021, Orthofix Medical Inc., a global medical device company with a spine and orthopedics focus, announced the full market launch of the Opus Mg Set osteoconductive scaffold, a synthetic magnesium-based bone void filler for orthopedic procedures.
According to the report, the impact of Bone Void Fillers resources has been identified to be high for the North American area. Some of how this impact has been felt include:
The North American market dominated the Bone Void Fillers market in 2023 because of North America's growing preference for minimally invasive surgical techniques, driven by patient demand for quicker recovery times and reduced hospital stays. Bone void fillers are crucial in these procedures as they provide structural support and promote bone regeneration without requiring extensive open surgeries. Moreover, establishing strong distribution networks and partnerships with distributors and healthcare facilities across North America will be crucial for market penetration and reaching target audiences effectively. Furthermore, North America attracts patients from around the world for specialized orthopedic procedures, contributing to the demand for bone void fillers.
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Conclusion
In conclusion, the evolution of bone void fillers represents a paradigm shift in orthopedic surgery, offering safer, more effective alternatives to traditional bone grafting techniques. With their ability to promote bone regeneration, customize treatment plans, and improve surgical outcomes, these fillers stand at the forefront of medical innovation. As research and development continue to expand the boundaries of what is possible, bone void fillers are set to play an increasingly pivotal role in shaping the future of orthopedic care worldwide.
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