Bone Putty Market Size by Type, By Distribution Channel, And Forecast till 2022-2031
Bone putty is a kind of waxy biomaterial applied in and around non-union fractures. To give regenerative growth prospects, it offers a load-bearing, osteoconductive, bone-like structure. Then putty changes into harmless, absorbable by-products once the bone is healed. With the help of attraction of the patient’s stem cells, bone putty will provide the development of natural bone and self-healing around the soft tissue. The Bone Putty Market is projected to grow at the rate of 5.7% CAGR by 2031 due to the number of orthopedic and dental operative procedures increasing due to the rising bone fractures or injuries and various bone-associated issues. In addition, the increase in trauma cases is also majorly fostering factor increasing the demand for bone putty. Moreover, using bone putty generally minimizes future pain and focuses on patient-centric supply, which is also likely to enhance bone putty market growth. Apart from this, bone putty might have a potential infection of the soft tissue, and incomplete growth of bone and low compatibility are few factors that might restrict the bone putty market growth.
Bone Putty Market on the basis of Type
• Orthopedic Surgery
• Dental Surgery
Bone Putty Market on the basis of End User
• Ambulatory Surgical Centers
• Specialty Clinics
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Bone Putty Market on the basis of Geography
• North America
• Asia Pacific
• Rest of the World
The bone putty market is bifurcated into Orthopedic Surgery and Dental Surgery as per the market by type. Orthopedic surgery acquires a substantial share in the market compared to dental surgery. As bone putty is a highly flexible technology accessible in applying in bone regeneration, which naturally enhances bone development is a key reason for supporting the segment’s growth. Moreover, bone putty is an optimized bone graft substitute for orthopedic, trauma, and spine surgery. Furthermore, the increasing number of bone fractures and traumas due to the increasing incidence of accidents also increases the demand for bone putty for orthopedic surgeries.
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Further based on the end-users, the bone putty market end-users include Hospitals, Ambulatory Surgical Centers, Specialty Clinics, and Others. Among them, the significant end users of bone putty are hospitals with a prominent share in the market. This is due to the increasing well-developed and well-equipped hospitals worldwide and the increasing number of patients requiring orthopedic surgeries. Moreover, Governments are extending support and funding for increasing the number of skilled surgeons resulting in increased number of hospitals offering orthopedic surgeries.
Based on geographical analysis, the bone putty market is divided into North America, Europe, Asia Pacific, and the rest of the world. The North American region has obtained a leading share in the market. The leading share is ascribed to the huge number of manufacturers, technological advancements, and rising incidence of trauma injury and accidental rates in the region.
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