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Bone Void Fillers Market Size
Bone Void Fillers Market size was valued at around USD 3.4 billion in 2023 and is projected to observe around 6.8% CAGR from 2024 to 2032. Bone void fillers are medical devices used to fill voids or defects in bone tissue. These voids may result from trauma, surgical procedures, bone infections, degenerative diseases, or congenital conditions. The purpose of bone void fillers is to promote bone healing, regeneration, and structural support in areas where bone loss or defects have occurred.
The increasing number of orthopedic surgeries is a significant driving factor for the market. For instance, in 2023, according to the American Academy of Orthopaedic Surgeons, the number of total hip arthroplasty (THA) and total knee arthroplasty (TKA) procedures increased substantially. It is projected that there will be a 70% growth in the annual volume of primary total joint arthroplasties (TJAs) by 2050, reaching 2,257,326 orthopedic surgeries. These procedures require bone void fillers to promote bone restoration, support structural integrity, and improve patient outcomes.
Furthermore, increasing incidence of bone disorders and injuries, rising adoption of orthopedic devices (market size is estimated to account for USD 73 billion by the end of year 2032), rise in geriatric population, advancements in surgical techniques, surging bone replacement, and government initiatives and funding, are the advancing factors fostering the growth of the market.
Mention the key players involved in bone void fillers industry?
Abyrx, Inc., Baxter International Inc., Bioventus Inc., BONESUPPORT HOLDING AB, Johnson & Johnson, Medline Industries, Inc., Medtronic plc, Stryker Corporation, Wright Medical Group N.V. and Zimmer Biomet Holdings, Inc.
What is the size of North America bone void fillers market?
North America bone void fillers industry size was USD 1.4 billion revenue in 2023, attributed to the aging population and increased prevalence of orthopedic conditions such as fractures, osteoporosis, and degenerative bone diseases.
Why is the use of putty growing in bone void fillers industry?
The putty segment accounted for USD 1 billion in 2023, as they are available in preserved and preservative-free forms for catering to different patient needs and preferences.
How big is the bone void fillers market?
The global bone void fillers industry was valued at USD 3.4 billion in 2023 and is estimated to reach over USD 6.2 billion by 2032, driven by increasing incidence of bone disorders and injuries and the rising adoption of orthopedic devices.