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The global bone void fillers market size was USD 3.09 billion in 2022. The market is slated to rise from USD 3.27 billion in 2023 to reach USD 5.02 billion by 2030, exhibiting a CAGR of 6.3% during the forecast period. The escalation is being impelled by the growing incidences of bone tumors and bone infections across various regions. Additional factor favoring industry growth is the rising geriatric population.
Fortune Business InsightsTM presents this information in its report titled “Bone Void Fillers Market Size, Share & COVID-19 Impact Analysis, By Type (Demineralized Bone Matrix, Collagen Matrix, Calcium Sulfate, Tri-calcium Phosphate, and Others), By Form (Gel, Granules, Paste, Putty, and Others), By End-user (Hospital, Specialty Clinics, and Others), and Regional Forecast, 2023-2030.”
Delayed Elective Surgeries Negatively Affected Market Growth Amid COVID-19 Pandemic
The COVID-19 pandemic led to a decline in filler demand for bones impelled by a delay in elective orthopedic surgeries. Besides, the industry players registered a significant decline in their revenues owing to the enforcement of lockdown restrictions and disruptions in supply chains. The year 2021 recorded a resumption in elective surgeries driven by the imposition of government restrictions.
Collagen Matrix Inc. Acquired Sunstar’s Degradable Solutions Division to Strengthen Industry Footing
In January 2021, in addition to its GUIDOR bone graft substitute products, Collagen Matrix Inc. acquired Sunstar's Degradable Solutions division. Easy-graft, calc-i-oss, and GUIDOR bioresorbable matrix barrier membranes are also known as GUIDOR products, which are used in dental treatments. The company's collagen product portfolio was expanded as a result of the acquisition, allowing it to provide OEMs and global contract development customers with a comprehensive line of regenerative medicine products.
Market Growth to be Boosted by Increasing Adoption of Synthetic Bone Fillers
The bone void fillers market growth is being propelled by the rising popularity of synthetic bone void fillers such as tricalcium phosphate and calcium sulfate. These fillers offer a range of advantages such as high sterility and lower risk of morbidity.
However, the market growth could be affected by the rising clinical limitations associated with the usage of the solutions.
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Key Players Focus on Strategic Developments to Expand Product Reach
Companies are concentrating on a variety of strategic developments such as mergers and acquisitions, new product launches with advanced features, and expansion into untapped markets. Other initiatives include partnership agreements, collaborations, and the formation of alliances.
Key Industry Development-
List of Key Players:
Further Report Findings-
Table of Segmentation
CAGR of 6.3% from 2023 -2030
Value (USD Billion)
By Type, Form, End-user, and Region