Bone Glue Market Progresses for Huge Profits by 2026 And The Top Key Companies Are Cryolife, Luna Innovations Incorporated, Johnson and Johnson, Cohera Medical Inc., Tissuemed Ltd., Integra Lifesciences Corporation

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). Bone glues are a collagen obtained from an animal base that mainly includes skin and bones. Bone glues are derivative of fish’s dehydrated bladder and dense bone. The production process of bone glue is complicated, which involves obtaining animal bones from various abattoirs, meat packaging companies, and tanneries. The bones are cleaned and washed set for under pressure to boil to demineralize it and then collagen is extracted and dried. The most used commercial area apart from healthcare industry is in manuscript publishing, carpentry, and gun powder production applications.

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The bone glues market is expected to gain steady traction in the foreseeable future as the product finds application across a wide number of industries. Manufacturers are focused on reducing production costs and increasing profitability by developing multipurpose bone glues.

Market Dynamics

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.

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.

Naturally produced bone glue from animals hits the bone glue market

The growing prevalence of bone disorders and ageing population are the important aspects for the significant growth in bone glue market in Europe. Growing number of arthroplasty procedures and the consequent rise in demand for newer bone glues across various countries in Europe would further fuel growth of bone glue market in the region. However, stringent regulations in US such as, institutions and universities who use animals for research purpose should be licensed and or registered with the U.S. Department of Agriculture and facilities, regulated animals must be inspected yearly by USDA’s Animal and Plant Health Inspection Service, has hit the bone glue market by inhibiting the production of natural glue obtained from animals.

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.

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Bone cement implantation syndrome is most prominent in patients undergoing hip fracture treatment

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.

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This release was published on openPR.