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Bone Void Fillers Market 2022 Key Trends, Industry Analysis, Statistics, Emerging Trends and Global Demand During the COVID-19 Period till Forecast Year
Bone Void Fillers Market 2022 Key Trends, Industry Analysis, Statistics, Emerging Trends and Global Demand During the COVID-19 Period till Forecast Year
The recently released Fortune Business Insights research on the Global Bone Void Fillers Market survey report provides facts and statistics regarding market structure and size. Global Bone Void Fillers Market Trends Research report presents an in-depth analysis of the Bone Void Fillers Market size, growth, share, segments, manufacturers, and forecast, competition landscape and growth opportunity. The research’s goal is to provide market data and strategic insights to help decision-makers make educated investment decisions while also identifying potential gaps and development possibilities.
Industry Development:
April 2020: Biocomposites, an international medical device company, announced that it has received a new CE Mark from the European Union for its product, STIMULAN. According to the company, the product is beneficial for treating and the effective management of infected bone and soft tissue.
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Bone void fillers are mainly used to fill gaps and voids present in the bone owing to injuries, trauma, and benign bone tumors, among others. Increasing incidence of bone-associated diseases is driving the demand for the products across the globe.
In addition to this, the surging demand for synthetic bone void fillers owing to several advantages, such as high sterility and extensive availability of raw material across the globe is set to drive the growth of the market during the forecast period. According to the National Center for Biotechnology Information (NCBI), every year, it is estimated that about 1.5 million people suffer a fracture owing to a bone disease.
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
For more information in the analysis of this report, visit:
https://www.fortunebusinessinsights.com/industry-reports/bone-void-fillers-market-101015
What does the Report Include?
The market report includes an exhaustive study of several factors such as drivers, restraints, challenges, and opportunities that will affect the growth of the market in the forthcoming years. It covers regional demographics that include qualitative and quantitative information about the regions that are further divided into nations that are contributing to the growth of the market between 2019 and 2026.
Furthermore, the competitive landscape has been discussed in-depth that include information of several players operating in the market. Moreover, information on the adoption of strategies such as merger and acquisition, collaboration, partnerships, and joint ventures by the companies that will drive the growth of the market has been included during the projected horizon.
Increasing Prevalence of Bone Disease to Stoke Demand
According to a report by the International Osteoporosis Foundation, there are around 44 million people in the United States that are living with low bone mass or osteoporosis. Additionally, increasing geriatric population across the globe is driving the demand for these fillers that are administered to treat the patients suffering from bone deformity.
Furthermore, the increasing cases of diabetic foot infections that will require bone void fillers among the patients is expected to drive the global market share during the forecast period. Moreover, the introduction of technologically advanced bone void fillers to treat bone diseases among the population will bode well for the market growth in the forthcoming years.
However, there are certain clinical limitations with some products that include poor resorbability and high costs may hamper the growth prospects of the market to some extent. Moreover, under-penetration of these fillers in the less developed regions across the globe will restrain the market growth.
Demineralized Bone Matrix (DBM) Segment Registered a Market Share of 32.9%
Based on type, the demineralized bone matrix (DBM) segment held a market share of 32.9% in 2019 and is likely exhibit high growth in the forthcoming years. This is attributable to factors such as several benefits associated with DBM, such as reliability and safety during administration procedures. Moreover, high popularity of DBM in the United States and in the key countries of Europe will drive the market growth during the projected horizon.
North America to Remain Dominant; Increasing Adoption of Technologically Advanced Products to Drive the Market
Among the regions, the market in North America is expected to showcase significant growth and register the highest global bone void fillers market revenue during the forecast period. The region generated a revenue of USD 1.31 billion in 2019 and is likely to grow further.
This is set to occur owing to the factors such as competitive pricing of the product and increasing prevalence of bone disease in the region. Europe, on the other hand, is anticipated to be the second-most leading region during the projected horizon. This is attributable to factors such as high adoption of technologically advanced products and the presence of emerging key players in the region.
Key Questions Answered in the Report
What is the expected global Bone Void Fillers Market size in terms of value during the period 2022-2028?
What is the expected future scenario and revenue to be generated by different types of solutions including software and platform, hardware, and support services?
Which region is the largest market for the global Bone Void Fillers Market?
What is the expected future scenario and revenue to be generated by different regions and countries in the global precision agriculture market such as North America, South America, Europe, the U.K., China, Asia-Pacific and Japan, and Middle East and Africa?
What is the competitive strength of the key players in the global Bone Void Fillers Market based on the analysis of their recent developments, product offerings, and regional presence?
Which are the different consortiums and associations present in the worldwide Bone Void Fillers Market, and what are their roles, focus areas, and key functions in this market?
Where do the key Bone Void Fillers Market companies lie in their competitive benchmarking, compared on basis of market coverage and market potential?
List of the Manufacturers Proliferating in the Market:
BONESUPPORT AB
Wright Medical Group N.V.
DePuy Synthes Companies
Stryker
Arthrex, Inc.
Biocomposites
Zimmer Biomet
Collagen Matrix, Inc.
Pacific Bioceramics
Others
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