Increase in number of clinical trials being performed and high demand for quality healthcare is expected to drive the global bone void fillers market in the forecast period.
The COVID-19 outbreak across the world which has been declared as pandemic by World Health Organization has affected several countries adversely. Leading authorities-imposed lockdown restrictions and released a set of precautionary measures to contain the spread of novel coronavirus. Coronavirus affected patients started suffering from shortness of breath along with coughing and sneezing. Leading authorities increased the capacity of hospitals as a greater number of patients were getting affected daily and getting admitted into the hospital facilities. Non-essential and elective surgical procedures were postponed as all focus and resources were used to treat the huge number of patients suffering from coronavirus. Disruption in supply chain was observed which led to shortage of raw materials. Therefore, COVID-19 affected the global bone void fillers market adversely.
However, clinical limitations such as presence of animal of marine derived products and high associated costs may create hindrance in the global bone void fillers market growth.
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Global bone void fillers market is segmented into material, form, procedure, end user, regional distribution, and company. Based on material, market can be further divided into demineralized bone matrix (DBM), calcium sulphate, tri-calcium phosphate, and others. The calcium sulphate material segment is expected to witness fastest incremental growth for the forecast period, 2022-2026. These integrate normally in eight to 10 weeks as the conventional time which was two-three years. High adoption of synthetic fillers and continuous product launches into the market by players is driving the growth of this segment. Based on end user, market can be divided into hospitals, specialty clinics, and others. The hospitals end user segment is expected to dominate the market for the next five years. Huge patient in-flow into the hospital facilities along with increase in the number of hospital facilities is boosting the demand of bone void fillers market. Hospital facilities perform critical orthopedic procedures which require the use of bone void fillers and presence of skilled healthcare professionals in the hospitals is further expected to accelerate the segment growth.
BoneSupport AB, Wright Medical Group N.V., Arthrex Inc., Stryker Corporation, Zimmer Biomet Holdings, Inc., Johnson & Johnson, B. Braun Melsungen AG, Collagen Matrix Inc., Smith & Nephew plc (Graftys), NuVasive, Inc., are the leading players operating in global bone void fillers market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several bone void fillers manufacturers are coming up with their technologically advanced offerings.
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“Increase in awareness coupled with rising demand is driving the growth of bone void fillers. Leading authorities are promoting medical tourism majorly in developing economies to boost the healthcare industry due to the presence of cost-effective surgical solutions. Rapid change in lifestyle of people is aiding to influence the disease patterns along with improved access to healthcare facilities in emerging economies is further anticipated to propel the global bone void fillers market growth till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Bone Void Fillers Market By Material (Demineralized Bone Matrix (DBM), Calcium Sulphate, Tri-Calcium Phosphate, Others) By Form (Gel, Granules, Paste, Others) By Procedure (Spine Fusion, Interbody Fusion, Oral Surgeries, Others) By End User (Hospitals, Specialty Clinics, Others) By Company, By Region, Forecast & Opportunities, 2026” has evaluated the future growth potential of global bone void fillers market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of global bone void fillers market.
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