The global bone void fillers market size is being driven by several factors, including the prevalence of orthopaedic diseases, robust RD activities, and funding from private and public organisations for healthcare research. The demand for innovative and efficient products to treat bone injuries is expected to rise in the near future. Moreover, on a global scale, senior citizens have emerged as the most significant demand pool for bone void fillers as they are more susceptible to fractures and other bone injuries. New growth in the bone void fillers sector is also predicted to be fueled by the increasing demand for antibiotic-eluting fillers, extensive use of artificial bone void fillers, and a surge in new product launches by industry players during the forecast period.
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Greater Benefits of Artificial Bone Void Fillers to Influence Global Demand
The growing use of artificial bone void fillers, such as calcium sulphate and tricalcium phosphate, is expected to fuel the growth of the bone void fillers market. Artificial bone fillers have several advantages over other sources of bone graft substitutes. These benefits include a lower risk of morbidity, high sterility, and an unlimited supply. Notably, synthetic bone void fillers have greater chemical similarities to human bone. All these factors have made artificial bone void fillers a preferred choice among patients and healthcare providers. Over the forecast period, sound awareness of these benefits is set to augment the demand for artificial bone fillers, creating new prospects for market expansion. At the same time, owing to the popularity of these types of bone void fillers, industry leaders are expected to pursue product innovation in this category, giving impetus to rigorous RD efforts.
Promising Demand for Antibiotic Eluting Void Fillers Favourably Aids Market Growth
Globally, the growing prevalence of bone infections is enhancing interest in antibiotic-eluting void fillers for medical applications. Market participants are focusing on ramping up their research and development efforts to introduce antibiotic-eluting void fillers, which have been shown to reduce bone infections during treatment. Big pharma and leaders in the healthcare industry are also predicted to pay closer attention to clinical studies when introducing medications for treating bone disorders. With the introduction and sound adoption of cutting-edge products in the bone void fillers market, revenue generation, strategic partnerships, and product differentiation are projected to witness positive outcomes in the coming years.
North America Europe to Emerge as Significant in Global Bone Void Fillers Market
North America is expected to hold the largest revenue share in the bone void fillers market due to the rapid adoption of synthetic void fillers and the introduction of innovative products by industry players. Furthermore, an increase in the number of patients with bone disorders and the strong presence of industry players are also supporting market expansion in this region. Meanwhile, the European bone void fillers sector will experience steady revenue growth driven by an increase in the prevalence of orthopaedic illnesses, greater awareness of the use of bone void fillers, promising healthcare spending, and growing geriatric population.
Prominent Market Players
BoneSupport AB, Wright Medical Group N.V., DePuy Synthes Co., Stryker, Arthrex Inc., Biocomposites, Zimmer Biomet, Collagen Matrix Inc., Pacific Bioceramics, Johnson and Johnson, NuVasive, Inc., Heraeus Holding, and Smith Nephew plc. are some of the key players in the bone void fillers market.
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