Bone Glue Market SWOT Analysis and Major Players Cryolife, Luna Innovations Incorporated, Johnson and Johnson, Cohera Medical, Tissuemed,DENTSPLY SIRONA, Chemence Medical

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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The growing incidence of bone associated disorders is a key factor fueling growth of the global bone glue market. Approximately 1.5 million bone splintering cases lead to over half a million hospitalizations in the U.S. each year. Hip fractures is one of the prevalent of bone fractures, resulting in over 300 thousand hospitalizations annually. Apart from general bone fracture, procedures related to bone, such as arthroplasty and rising demand for advanced bone glues in North America and Europe are factors projected to fuel growth of the global market over the forecast period. Product portfolio expansion and development of new products that can heal the bone crack, are some of the other factors augmenting growth of the global bone glue market. Complex regulatory process and limited therapeutic applications of wound care products are impeding growth of the global bone glue market.

Market Taxonomy

This report segments the global bone glue market on the basis of product type, therapeutic application, end user, and geography. On the basis of product type, the bone glue market is categorized into synthetic bone glue and natural bone glue. On the basis of therapeutic application, the bone glue market is categorized into arthroplasty, sports injuries, spinal injuries and others. On the basis of end-user, the bone glue market is categorized into hospital, clinics, and specialized orthopedics clinic and ambulatory surgical centers. For comprehensive understanding of market dynamics, the global one glue market is analyzed across key geographical regions namely North America, Europe, Asia Pacific, Latin America, Africa, and Middle East. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

This report provides in-depth analysis of the bone glue and is its application, market size (US$ Million) and Cumulative Annual Growth Rate (CAGR (%)) for the forecast period: 2016 – 2024, considering 2015 as the base year

It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players

It profiles leading players in the global bone glue market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies and future plans

Key companies covered as a part of this study include Cryolife, Luna Innovations Incorporated, Johnson and Johnson, Cohera Medical Inc., Tissuemed Ltd., Integra Lifesciences Corporation, Baxter International Inc., B.Braun Melsungen AG, DENTSPLY SIRONA Inc., Chemence Medical Inc. and C.R. Bard Inc.

Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to their future product launch, end user upgrades, market expansion, and marketing tactics

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