The global Bone Glue market is estimated to be valued at US$ 2,332.0 million in 2022 and is expected to exhibit a CAGR of 5.9% over the forecast period, as highlighted in a new report published by Coherent Market Insights.
A) Market Overview:
Bone glue, also known as surgical adhesive or tissue adhesive, is a biocompatible substance used in orthopedic surgeries for bone fixation. It provides advantages such as reduced operating time, enhanced rapid bonding, minimized blood loss, and reduced infection risk. The increasing prevalence of orthopedic surgeries, particularly joint replacement procedures, is driving the demand for bone glue.
B) Market Key Trends:
A key trend in the global Bone Glue market is the rising adoption of minimally invasive procedures. Minimally invasive surgeries offer several benefits over traditional open surgeries, including reduced scarring, faster recovery, shorter hospital stays, and decreased post-operative pain. As a result, there has been an increased preference for minimally invasive techniques in orthopedic surgeries. Bone glue plays a crucial role in fixing bones during these procedures, further propelling its market growth.
Another significant trend is the development of advanced bone glue formulations. Manufacturers are focusing on developing bone glues with improved properties such as high bond strength, biocompatibility, fast setting time, and enhanced tissue integration. Such advancements are expected to drive the adoption of bone glue in orthopedic surgeries.
C) PEST Analysis:
Political: The bone glue market is influenced by government regulations and policies related to healthcare infrastructure development, medical device approvals, and reimbursement policies. Changes in political landscapes and trade policies may impact the import and export of bone glue products.
Economic: The economic stability of a region affects the affordability of healthcare services, including orthopedic surgeries. The rising healthcare expenditure and per capita income are expected to contribute to the market growth. Additionally, the growing medical tourism industry in emerging economies is likely to create new opportunities for the bone glue market.
Social: The increasing geriatric population, along with the prevalence of bone-related disorders, is a key social factor driving the demand for orthopedic surgeries and bone glue. The rising awareness about the benefits of minimally invasive surgeries among patients and surgeons is also contributing to market growth.
Technological: Advances in biomaterials and tissue engineering have led to the development of innovative bone glue formulations. The integration of nanotechnology and biocompatible polymers has enhanced the functionality and performance of bone glue products. Rapid technological advancements are expected to accelerate market growth.
D) Key Takeaways:
1: The global Bone Glue Market Growth is expected to witness high growth, exhibiting a CAGR of 5.9% over the forecast period, due to increasing prevalence of orthopedic surgeries. The rising geriatric population, growing healthcare expenditure, and advancements in healthcare infrastructure are driving the demand for bone glue.
2: The fastest growing and dominating region in the bone glue market is North America. The region has a well-established healthcare system, advanced medical technologies, and a high prevalence of orthopedic disorders. Furthermore, the presence of major key players in the region contributes to its dominance in the market.
3: Key players operating in the global bone glue market include Cryolife, Luna Innovations Incorporated., St. Jude Medical, Inc. (Abbott Laboratories), Johnson and Johnson, Cohera Medical Inc, Tissuemed Ltd., Integra Lifesciences Corporation, Baxter International Inc., B.Braun Melsungen AG, DENTSPLY SIRONA Inc., Chemence Medical Inc., LaunchPad Medical, and C.R. Bard Inc. These companies focus on product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market presence.
In conclusion, the global bone glue market is poised to experience significant growth in the coming years. The rising prevalence of orthopedic surgeries, increasing adoption of minimally invasive procedures, and technological advancements in bone glue formulations are the key factors driving market expansion. North America is expected to dominate the market, while key players continue to invest in research and development activities to gain a competitive edge.
The Global Bone Glue Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.DriversIncreasing number of surgical proceduresRestraintsStringent animal rights considerationThe comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on product and end-user.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Browse the complete Global Bone Glue Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/20813-bone-glue-market-reportThe report also covers the complete competitive landscape of the global Bone Glue market with company profiles of key players such as:B.Braun Melsungen AGBaxter International Inc.C.R.
Bard Inc.Chemence Medical Inc.Cohera Medical Inc.CryolifeDENTSPLY SIRONA Inc.Integra Lifesciences CorporationJohnson And Johnson,Luna Innovations IncorporatedTissuemed Ltd.A detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By Product:Natural Bone GlueSynthetic Bone GlueBy End-User:HospitalsAmbulatory Surgery CentersSpecialty ClinicsBy Geography:North America (NA) – US, Canada & Rest of North AmericaEurope (EU) – UK, Germany, France & Rest of EuropeAsia Pacific (APAC) – China, Japan, India & Rest of APACLatin America (LA) – Brazil & Rest of Latin AmericaMiddle East & Africa (MEA) – Middle East and AfricaDownload Free Sample Report of Global Bone Glue Market @ https://www.decisiondatabases.com/contact/download-sample-20813The Global Bone Glue Market has been exhibited in detail in the following chapters -Chapter 1 Bone Glue Market PrefaceChapter 2 Executive SummaryChapter 3 Bone Glue Industry AnalysisChapter 4 Bone Glue Market Value Chain AnalysisChapter 5 Bone Glue Market Analysis By ProductChapter 6 Bone Glue Market Analysis By End-UserChapter 7 Bone Glue Market Analysis By GeographyChapter 8 Competitive Landscape Of Bone Glue CompaniesChapter 9 Company Profiles Of Bone Glue IndustryPurchase the complete Global Bone Glue Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-20813Other Reports by DecisionDatabases.com:Global Fibrin Glue Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Glue Applied Label Market Research Report - Industry Analysis, Size, Share, Growth, Trends And ForecastAbout-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
The growth in the market is majorly driven by the increasing prevalence of osteoporosis and the rising geriatric population.
However, factors such as the high cost of bone densitometers and low awareness are expected to hinder the growth of this market.
The DXA scanners segment accounted for the largest share of the market in 2018.
This segment is also projected to register a higher CAGR during the forecast period.
This is attributed to the advantages of DXA scanners over peripheral bone densitometers.
The osteoporosis & osteopenia diagnosis segment is projected to grow at the highest CAGR during the forecast period.
