The Latin America, Middle East and Africa Bone Void Fillers Market would witness market growth of 10.8% CAGR during the forecast period (2023-2030).
The market is expanding due to numerous studies proving bioceramics' efficacy. For instance, the article 'Antimicrobial and Antibiofilm Properties of Bioceramic in Endodontics' published in December 2021, stated that bioceramic materials are being used extensively in dental applications, including endodontics, due to their biocompatible nature and outstanding Physico-chemical properties.
Furthermore, regulatory authority approvals are accelerating the market's expansion. With CERASORB CPC (Calcium Phosphate Cement) bone void fillers for orthopedic, maxillofacial, and trauma surgery in July 2022, curasan AG expanded its orthobiologic offering. Similarly, in May 2022, the Food & Drug Administration (FDA) approved Cerament G for use as an adjuvant to systemic antibiotic therapy or surgical debridement in the surgical treatment of osteomyelitis in skeletally mature individuals. Therefore, the market's growth is anticipated to be boosted by the rising prevalence of dental problems and the growing use of bioceramics for dental reconstruction.
Due to their superior clinical efficacy and quick recovery time compared to conventional therapies like pain medications, orthopedic braces and supports are gaining popularity in this region for the clinical management of various orthopedic disorders, like osteoarthritis (OA), rheumatoid arthritis (RA), and osteoporotic fractures. The South African foot and ankle devices market is driven by the rising problem of musculoskeletal problems brought on by demanding work situations and bad posture. Industry is also benefiting from the region's rising rate of traffic accidents. Therefore, the region presents lucrative growth opportunities for the regional market.
The Brazil market dominated the LAMEA Bone Void Fillers Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $113.3 million by 2030. The Argentina market is showcasing a CAGR of 11.4% during (2023 - 2030). Additionally, The UAE market would display a CAGR of 10.5% during (2023 - 2030).
Based on Type, the market is segmented into Demineralized Bone Matrix, Calcium phosphate Bone Graft Substitute, Collagen Matrix and Others. Based on Form, the market is segmented into Gel & Putty, Granules and Others. Based on Application, the market is segmented into Bone Fracture, Spine Fusion and Others. Based on End User, the market is segmented into Hospital, Specialty Clinics, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Bone Void Fillers Market is Projected to reach USD 6.1 Billion by 2030, at a CAGR of 7.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Medtronic PLC, DePuy Synthes (Johnson & Johnson), Orthofix Medical, Inc., Stryker Corporation, Zimmer Biomet Holdings, Inc., Smith & Nephew PLC, NuVasive, Inc., Baxter International, Inc., Biocomposites Ltd., and Arthrex, Inc.
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