Press release
Consolidated Growth Accounted on Bone Glue Market Size | GE Healthcare, Abbott, Luna Innovations Incorporated, Cohera Medical, Inc., Tissuemed Ltd., Chemence Medical, Inc., Integra LifeSceinces Corporation, and DENTSPLY SIRON
Key end-use segments of the market include hospitals, specialty clinics and ASCs. High costs of orthopedic surgeries and growing number of accidents have increased the influx of orthopedic patients in hospitals. Since treating such patients requires the inclusion of bone glue as surgical adhesives, manufacturers are likely to concentrate their supply more towards hospitals and similar medical organizations. Specialty clinics are expected to be the second-most prominent end-user in the global bone glue market. On the account of their individual value share, specialty clinics and ASCs are projected to attribute to 17.9% and 10.9% share of the global bone glue market by 2024 end.
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Ethicon & Baxter International: Key Market Players
As a manufacturer and supplier of bone glue adhesives, Ethicon, Inc. (US) is estimated to hold 40% revenue share of the global market. Baxter International Inc. is the other leading player in the global bone glue market. Companies such as Cryolife are expected to expand their market presence through increasing distribution. C. R. Bard, Inc., Luna Innovations Incorporated, B. Braun Melsungen AG, Cohera Medical, Inc., Tissuemed Ltd., Chemence Medical, Inc., Integra LifeSceinces Corporation, and DENTSPLY SIRONA Inc., are also some of the prominent companies participating in the growth of the global bone glue market.
The reluctance of orthopedic patients towards the use of conventional cementing materials for surgical adhesion procedures is influencing the development of organic alternatives. Globally, the consumption of bone glue in hospitals is on an upsurge, owing to their widespread acceptance by both healthcare professionals and patients. The global market for bone glue is currently valued at US$ 600.6 million, and is expected to reach US$ 1,032.9 million in revenues by the end of 2024.
In terms of value share, North America’s bone glue market accounts for half of the global market value, primarily due to advanced pharmaceutical production and robust healthcare infrastructure in the US. The bone glue market in the Asia Pacific region is expected to surge at the highest CAGR of 7.6% during the projected period. Latin America’s bone glue revenues are likely to surpass US$ 50 million by 2024, while bone glue sales in Middle East & Africa (MEA) region will expand sluggishly. On the other hand, revenues generated from bone glue sales in Europe are expected to be worth over US$ 150 million by the end of the forecast period.
The production of bone glue through synthesis of constituent adhesive elements becomes more cost-effective and practical for manufacturers. Over 80% of global revenues estimated in 2016 and beyond are projected to be accounted by synthetic bone glue over natural bone glue. Revenues from global sales of synthetic product called methacrylate will incur a rise of estimated US$ 23.8 million between 2016 and 2017, while global cyanoacrylate revenues are likely to surpass US$ 250 million by 2024 end.
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List of Tables
Table 01: Global Bone Glue Market Value (US$ Mn) Analysis and Forecast By Product Type, 2015–2024
Table 02: Global Bone Glue Market Value (US$ Mn) Analysis and Forecast By Application, 2015–2024
Table 03: Global Bone Glue Market Value (US$ Mn) Analysis and Forecast By End User, 2015–2024
Table 04: Global Bone Glue Market Value (US$ Mn) Analysis and Forecast By Region, 2015–2024
Table 05: North America Bone Glue Market Value (US$ Mn) Analysis and Forecast By Country, 2015–2024
Table 06: North America Bone Glue Market Value (US$ Mn) Analysis and Forecast By Product Type, 2015–2024
Table 07: North America Bone Glue Market Value (US$ Mn) Analysis and Forecast By Application, 2015–2024
Table 08: North America Bone Glue Market Value (US$ Mn) Analysis and Forecast By End User, 2015–2024
Table 09: Latin America Bone Glue Market Value (US$ Mn) Analysis and Forecast By Country, 2015–2024
Table 10: Latin America Bone Glue Market Value (US$ Mn) Analysis and Forecast By Product Type 2015–2024
Table 11: Latin America Bone Glue Market Value (US$ Mn) Analysis and Forecast By Application, 2015–2024
Table 12: Latin America Bone Glue Market Value (US$ Mn) Analysis and Forecast By End User, 2015–2024
Table 13: Europe Bone Glue Market Value (US$ Mn) Analysis and Forecast By Country, 2015–2024
Table 14: Europe Bone Glue Market Value (US$ Mn) Analysis and Forecast By Product Type, 2015–2024
Table 15: Europe Bone Glue Market Value (US$ Mn) Analysis and Forecast By Application, 2015–2024
Table 16: Europe Bone Glue Market Value (US$ Mn) Analysis and Forecast By End User, 2015–2024
Table 17: Asia Pacific Bone Glue Market Value (US$ Mn) Analysis and Forecast By Country, 2015–2024
Table 18: Europe Bone Glue Market Value (US$ Mn) Analysis and Forecast By Product Type, 2015–2024
Table 19: Europe Bone Glue Market Value (US$ Mn) Analysis and Forecast By Application, 2015–2024
Table 20: Asia Pacific Bone Glue Market Value (US$ Mn) Analysis and Forecast By End User, 2015–2024
Table 21: Middle East & Africa Bone Glue Market Value (US$ Mn) Analysis and Forecast By Country, 2015–2024
Table 22: Europe Bone Glue Market Value (US$ Mn) Analysis and Forecast By Product Type, 2015–2024
Table 23: Europe Bone Glue Market Value (US$ Mn) Analysis and Forecast By Application, 2015–2024
Table 24: Middle East & Africa Bone Glue Market Value (US$ Mn) Analysis and Forecast By End User, 2015–2024
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