Press release
Bone Glue Market: Rising Adoption of Bone Glue for Orthopedic Surgeries Expected to Boost Demand for Bone Glue
The Bone Glue Market is a rapidly growing segment of the medical industry, driven by the increasing prevalence of bone fractures and injuries and the rising demand for effective and reliable bone adhesives. Bone glue, also known as surgical adhesive, is a type of medical adhesive that is used to bond bones together during orthopedic surgeries. The market has been growing steadily for several years, and it is expected to continue to grow in the coming years due to several factors.The global bone glue market was valued at US$ 568.9 Mn in 2015. The market is anticipated to expand at a CAGR of 7.0% and is expected to reach US$ 1,032.9 Mn by 2024, creating incremental opportunity of US$ 464.0 Mn between 2015 and 2024. The global bone glue market is expected to represent absolute $ opportunity of US$ 36.5 Mn in 2017 over 2016.
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The growth of this market can be attributed to several factors, such as the increasing prevalence of bone fractures and injuries, the growing demand for orthopedic surgeries, and the advantages of bone glue over other bone adhesives.
One of the primary drivers of the Bone Glue Market is the increasing prevalence of bone fractures and injuries. As the global population ages, the incidence of bone fractures and injuries is increasing, driving demand for effective and reliable bone adhesives. Bone glue has emerged as a promising solution for bonding bones together during orthopedic surgeries, driving demand for these products.
Companies
Cryolife
Baxter International Inc.
Luna Innovations Incorporated
Braun Melsungen AG
Johnson and Johnson
DENTSPLY SIRONA Inc.
Cohera Medical, Inc.
Chemence Medical, Inc.
Tissuemed Ltd.
R. Bard Inc.
Integra LifeSciences Corporation
Others
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Another significant factor driving the growth of the Bone Glue Market is the growing demand for orthopedic surgeries. With the increasing prevalence of bone fractures and injuries, the demand for orthopedic surgeries is also on the rise. As more people undergo these surgeries, the demand for effective and reliable bone adhesives is also increasing, driving the growth of the market.
In conclusion, the Bone Glue Market is a rapidly growing segment of the medical industry. With the increasing prevalence of bone fractures and injuries and the growing demand for orthopedic surgeries, the demand for bone glue is expected to continue to grow. The market is highly competitive, with several players investing in research and development to develop more advanced and user-friendly solutions. As the market continues to grow, it will be essential for companies to innovate and stay ahead of the competition to remain relevant and successful in the industry. The use of bone glue has the potential to improve patient outcomes, reduce healthcare costs, and improve access to care, making it a critical component of modern healthcare.
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The global bone glue market is segmented as follows:
By End User
Hospitals
Specialty Clinics
ASCs
By Application
Orthopedic
Arthroplasty
Sports Injuries
Spine Surgery
Trauma
Others
By Product Type
Synthetic Bone Glue
Methacrylate
Cyanoacrylate
Others
Natural Bone Glue
By Region
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
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