Bone Glue Market Opportunity Analysis, and Industry Forecast till 2024

Osteoporosis is a common cause for bone fractures and its prevalence gradually increases with age. For instance, the prevalence ratio of osteoporosis increase from 5% at 50 years to 50% at 85 years among women. According to the National Osteoporosis Foundation, there were 7-8 million females aged over 50 years suffering from osteoporosis and 21.8 million suffering from osteopenia in the U.S., in 2002. It further states that the number of bone fractures will increase by 2 to 4 times by 2020 and 41 million women will suffering from osteoporosis or osteopenia. This is mainly attributed to significant rise in the aging population. In 2002, 12–17% of the population in Europe were aged over 65, which is expected to increase to 20–25% by 2025. As bone health significantly deteriorates with age, this would lead to a large number of falls and resultant fractures. Statistics released by the National Osteoporosis Foundation further revealed that 1.3 million hip fractures were report worldwide in 1990, which is expected to increase by 4.5 million by 2050. This inadvertently will boost growth of the bone glue market. According to Medanta Medicity—a major multi-specialty hospital based in India—Indians are found to have 15% lower bone density which puts Indians at a greater risk of broken bones compared to Caucasians.

The global bone glue market was valued at US$ 1,648.3 million in 2015 and is expected to witness a CAGR of 6.3% during the forecast period (2016 – 2024).

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Bone glue is a basic product needed in any minor fractures and also act as beneficial supplements for musculoskeletal tissue suture repair. There are various other options such as bone cement and bone surgery to treat multiple fractures. A study was conducted by various medical institutes and university hospitals in 2014, with a patient pool of around 1,016 patients who underwent cemented hemiarthroplasty at some point in their life. A common symptom called bone cement implantation syndrome was observed in people suffering from hip fractures and the incidence rate was reported to be between 25% and 30%. Severe bone cement implantation syndrome was observed in 5–7% of patients in the study group. Independent preoperative threat issues for occurrence of bone cement implantation syndrome were irregularities in overall health conducted by the universities, i.e. ASA scores, COPD, and medication with diuretics and warfarin. In cemented total hip arthroplasty, fatalities were pegged at 0.11% and the death occurred during the time of cementation. Considering all these factors, companies have developed bone glue products. The increased usage of bone glue in such cases would boost growth of the bone glue market.

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