Global Market Study on Bone Void Fillers: Rising Accessibility & Improving Affordability through Medical Tourism to Play Vital Role in Revenue Growth


Bone Void Fillers  Market
  • Published On : Mar-2019 |
  • Pages : 182 Pages |
  • Format : PPT PDF Excel Word

Growing Incidence of Orthopedic Disorders Encouraging Demand for Bone Void Fillers

Increase in the incidence of Orthopedic disorders, such as osteoporosis, spinal deformity, spinal injuries, etc., is a primary factor responsible for the growth of the bone void fillers market. In the U.S., the annual incidence of osteoporosis is found to be approximately 1.5 million and the incidence of hip fractures is recorded to be twice of that. Similarly, in Canada, nearly 10% of the population aged above 40 years is diagnosed with osteoporosis and around 21% is expected to suffer from bone fractures in the arm, wrists, spine, or hips. This has increased the demand for bone void fillers in North America.

In 2010, the number of new fractures in European countries was found to be 3.5 million, in which hip fractures, vertebral fractures, and forearm fractures accounted for 620,000, 520,000, and 560,000 respectively, which required bone void fillers for treatment. The incidence of these fractures is expected to reach 4.5 million by 2050, with a growth rate of 28%. In Argentina, 34,000 hip fractures occur every year in the geriatric population, and this number is estimated to reach more than 76,000 by 2050. In Brazil, one person in 17 people suffers from osteoporosis each year.

In Mexico, 1 out of 4 people suffer from osteoporosis and around half of them are likely to suffer from a hip fracture by the age of 50. In Russia, approximately 14 million people, i.e. 10% of the population, suffer from osteoporosis and 20 million suffer from osteopenia. In Ukraine, nearly 28% postmenopausal women, i.e., 7 million women, are at the risk of developing osteoporosis and osteopenia. Thus, the increasing population with orthopedic disorders throughout the world is creating high demand for bone void fillers.

Medical Tourism Strongly Backing the Rising Demand for Orthopedic Surgeries

Rising demand, coupled with increased awareness about advanced technology enabled orthopedic surgeries in India and China in the recent years, is expected to boost the demand for bone void fillers. The demand for bone void fillers is significantly high in certain countries, such as Singapore, India, China, and Japan, due to the increasing trend of medical tourism due to the availability of low-cost surgical solutions. Moreover, the increasing incidence of Orthopedic-related disorders, coupled with increased affordability by service providers in hospitals and Orthopedic clinics, are also among factors boosting the demand for better-quality bone void fillers.

Medical tourism is growing at a significant pace owing to the high cost of procedures in North America, which is expected to increase the demand for bone void fillers. Several Americans are thus traveling to Latin America due to the availability of treatment options of a similar quality at a lower cost. Hospitals in Latin America are accredited and form strategic partnerships with hospitals in U.S. for the transfer of patients.  On an average, the prices of undergoing surgeries with bone void fillers is 30% less as compared to North America.

High Surgical Costs to Remain Challenge Limiting Bone Void Fillers Market Growth

The cost of orthopedic surgeries varies based on the location and experience of surgeons. It was estimated that the average cost was nearly US$ 25,000 to US$ 30,000, which includes consultant fees. In case a surgery requires the usage of bone void fillers, an additional cost of US$ 1,000 to US$ 2,000 is added. The high cost of Orthopedic surgery in the Latin America and the Middle East & Africa regions is expected to hamper the growth of the bone void fillers market in these regions. Hence, lack of affordability of Orthopedic procedures in these countries due to their high cost is a prominent factor restraining the growth of the bone void fillers market.

Manufacturers Maintaining the Strategic Focus on Emerging Markets

Most of the major players in the bone void fillers market are focusing on emerging markets due to the high growth potential present in these markets. Changes in the disease patterns, as a result of changes in the lifestyle, rising affluence, improved access to healthcare services, and rise in the demand for quality healthcare in China, India, & Brazil, are among the factors that are presenting lucrative opportunities to the manufacturers of bone void fillers. However, new entrants in the bone void fillers market are expected to face certain hurdles such as local competition, stringent regulatory policies & approval processes, healthcare infrastructure, and affordability. Increasing elderly population in India and China is presenting additional growth opportunities for the manufacturers of bone void fillers. Increase in the incidence of accidents due to increasing urbanization is also a major factor that is expected to drive the India and China bone void fillers markets.

PMR   Bone Void Fillers Market

Competitive Landscape – Bone Void Fillers Market

The competition section of the bone void fillers market report features the profiles of the key players in the bone void fillers market based on their product offerings, market shares, marketing approach, and differential strategies. Some of the key players profiled in the bone void fillers market report include Johnson & Johnson, BONESUPPORT AB, Heraeus Holding, Medtronic plc, Wright Medical Group, Inc., SBM France, Zimmer Biomet, Stryker Corporation, Graftys, Integra LifeSciences Corporation, Bone Solutions Inc., Orthorebirth Co. Ltd., HOYA Corporation, Exactech Inc., 3-D Matrix, Arthrex, Inc., K2M Inc., OsteoMed, RTI Surgical Inc., B. Braun Melsungen AG, Smith & Nephew plc., and NuVasive, Inc.

Definition

Bone void fillers are biologic materials that are used to fill gaps and voids during Orthopedic and dental surgeries. Bone void fillers are made of absorbable, biocompatible, bioactive, and osteoconductive material.

About the Report

FMI has conducted a research study on the bone void fillers market for the forecast period 2018 to 2028. The bone void fillers market report offers a comprehensive evaluation of the business opportunities prevailing in the bone void fillers market, along with insights on key regulations, the number of procedures, and pricing. The report on the bone void fillers market also elaborates on the macro-economic factors influencing the dynamics of the bone void fillers market.

Segmentation

The report offers a comprehensive taxonomy of the bone void fillers market based on material type, form, end user, and region. By material type, the bone void fillers market is segmented as demineralized bone, calcium sulphate, calcium phosphate, tricalcium phosphate, and others. Based on form, the bone void fillers market is segmented as putty, paste, gel, granules, beads, sponge, strip, and fibres. On the basis of end user, the bone void fillers market is segmented as hospitals, ambulatory surgical centres, and specialised clinics. The bone void fillers market has been analysed across the regions of North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA.

Additional Questions Answered

Some of the additional questions addressed in this report on the bone void fillers market are:

  • What is the revenue potential of bone void fillers across the regions of North America and Europe?
  • Who are the key competitors in the bone void fillers market and what are their product portfolios and growth strategies?
  • What are the major factors influencing the growth of the bone void fillers market?
  • Which trends are being followed by the leading manufacturers of bone void fillers to retain their market share?

A recent market study published by FMI– “Bone Void Fillers Market: Global Industry Analysis 2013-2017 & Opportunity Assessment, 2018-2028” consists of a comprehensive assessment of the most important market dynamics. On conducting a thorough research of the historic as well as current growth parameters of the Bone Void Fillers market, the growth prospects are obtained with maximum precision.

The Bone Void Fillers market report features the unique and salient factors that are likely to significantly impact the development of the Bone Void Fillers market during the forecast period. It can help market players to modify their manufacturing and marketing strategies to envisage maximum growth in the Bone Void Fillers market in the upcoming years. The report provides detailed information about the current and future growth prospects of the Bone Void Fillers market in the most comprehensive manner for the better understanding of readers.

Chapter 1 – Executive Summary

The Bone Void Fillers market report commences with an executive summary of the key findings and key statistics of the Bone Void Fillers market. It also includes the market value (US$ million) estimates of the leading segments of the Bone Void Fillers market.

Chapter 2 – Market Overview

Readers can find detailed taxonomy and the definition of the Bone Void Fillers market in this chapter, which helps understand the basic information about the Bone Void Fillers. This section also highlights the inclusions and exclusions, which helps the reader understand the scope of the Bone Void Fillers market report.

Chapter 3 – Market Background

This chapter explains the key macro-economic factors that are expected to influence the growth of the Bone Void Fillers market over the forecast period. Along with macroeconomic factors, this section also highlights the opportunity analysis for the Bone Void Fillers market. This chapter also highlights the key dynamics of the Bone Void Fillers market, which include the drivers, restraints and trends. Moreover, readers will understand the key trends followed by the leading manufacturers in the Bone Void Fillers market.

Chapter 4 – Key Success Factors

This chapter highlights the key success factors of the Bone Void Fillers market report, which include key regulations, porter analysis and pestle analysis.

Chapter 5 – Global Bone Void Fillers Market Value Analysis 2013-2017 & Opportunity Assessment, 2018-2028

This section explain the global market analysis and forecast for the Bone Void Fillers market. It also highlights the incremental opportunity for the Bone Void Fillers market along with the absolute dollar opportunity for every year between the forecast period of 2018-2028. 

Chapter 6 – Global Bone Void Fillers Market Analysis 2013-2017 & Opportunity Assessment, 2018-2028, By Material Type

Based on the material type, the Bone Void Fillers market demineralized bone, calcium sulphate, calcium phosphate, tri calcium phosphate, others. In this chapter, readers can find a detailed analysis of the Bone Void Fillers market by different material types and their expected growth over the forecast period.

Chapter 7 – Global Bone Void Fillers Market Analysis 2013-2017 & Opportunity Assessment, 2018-2028, By form

Based on the form, the Bone Void Fillers market is segmented as putty, paste, gel, granules, beads, sponge, strip, fiber. This section helps readers understand the penetration of both form in the Bone Void Fillers market over the forecast period.

Chapter 8 – Global Bone Void Fillers Market Analysis 2013-2017 & Opportunity Assessment, 2018-2028, By End User

Based on the end user, the Bone Void Fillers market is segmented hospitals, ambulatory surgical centers, specialized clinics. In this chapter, readers can understand the market attractive analysis based on the end user.

Chapter 9 – Global Bone Void Fillers Market Analysis 2013-2017 & Opportunity Assessment, 2018-2028, By Region

This chapter explains how the Bone Void Fillers market will grow across various geographic regions such as North America, Latin America, Europe, East Asia, South Asia, Oceania and the Middle East & Africa (MEA).

Chapter 10 – North America Bone Void Fillers Market Analysis 2013-2017 & Opportunity Assessment, 2018-2028

This chapter includes a detailed analysis of the growth of the North America Bone Void Fillers market along with a country-wise assessment, which includes the U.S. and Canada. Readers can also find the key takeaways of this region, and market growth based on material type, form, end user and country of Bone Void Fillers in the North America region.

Chapter 11 – Latin America Bone Void Fillers Market Analysis 2013-2017 & Opportunity Assessment, 2018-2028

This chapter contains a snapshot of the Latin America Bone Void Fillers market. It includes the growth prospects of the Bone Void Fillers market in the leading LATAM countries such as Brazil, Mexico, Argentina and the rest of the Latin America region.

Chapter 12 –Europe Bone Void Fillers Market Analysis 2013-2017 & Opportunity Assessment, 2018-2028

The important growth prospects of the Bone Void Fillers market based on its on material type, form, end user in several European countries, such as the U.K., Germany, France, Italy, Spain, Russia and the rest of Western Europe, is included in this chapter.

Chapter 13 –East Asia Bone Void Fillers Market Analysis 2013-2017 & Opportunity Assessment, 2018-2028

This chapter highlights the growth of the Bone Void Fillers market in Eastern Europe by focusing on China, Japan and South Korea. This section also helps readers understand the key factors that are responsible for the growth of the Bone Void Fillers market in East Asia.

Chapter 14 – South Asia Bone Void Fillers Market Analysis 2013-2017 & Opportunity Assessment, 2018-2028

India, Indonesia, Thailand , Malaysia are the leading countries in the South Asia region that are the prime subjects of assessment to obtain the growth prospects of the South Asia Bone Void Fillers market in this chapter. Readers can find detailed information about the growth parameters of the South Asia Bone Void Fillers market during the period 2018-2028.

Chapter 15 – Oceania Bone Void Fillers Market Analysis 2013-2017 & Opportunity Assessment, 2018-2028

Readers can find important factors that can significantly impact the growth of the Bone Void Fillers market in Australia and New Zealand during the forecast period based on the market segmentation.

Chapter 16 – MEA Bone Void Fillers Market Analysis 2013-2017 & Opportunity Assessment, 2018-2028

This chapter provides information about the growth of the Bone Void Fillers market in the major countries of the MEA region, such as GCC Countries and South Africa, during the period 2018-2028.

Chapter 17 – Market Structure Analysis

This section explains the tier structure for global bone void filler market which helps reader to understand the percent share of market cover by tier 1, tier 2, and tier 3 players in the bone void filler market. This section also explains the company share analysis for bone void filler market which helps readers to understand the market share taken by key players available in the market.

Chapter 18 – Competition Landscape

In this chapter, readers can find a comprehensive list of all the leading manufacturers in the Bone Void Fillers market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the players featured in the Bone Void Fillers market report are Johnson & Johnson, BONESUPPORT AB, Heraeus Holding, Medtronic plc, Wright Medical Group, Inc., SBM France, Zimmer Biomet, Stryker Corporation, Graftys, Integra LifeSciences Corporation, Bone Solutions Inc., Orthorebirth Co. Ltd., HOYA Corporation, Exactech Inc., 3-D Matrix, Arthrex, Inc., K2M Inc., OsteoMed, RTI Surgical Inc., B. Braun Melsungen AG, Smith & Nephew plc., and NuVasive, Inc.

Chapter 19 – Assumptions and Acronyms

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the report.

Chapter 20 – Research Methodology

This chapter helps readers understand the research methodology followed to obtain various conclusions and important qualitative information & quantitative information about the Bone Void Fillers market.

Company Profile

  • Johnson and Johnson
  • Zimmer Biomet
  • Stryker Corporation
  • NuVasive®, Inc.
  • Wright Medical Group, Inc.
  • Hoya Corporation
  • B.Braun Melsungen AG
  • Heraeus Holding
  • Smith & Nephew plc 

 

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