Bone Glue Market: Industry Players Shifting Focus towards Developing Economies
The bone glue industry is on a growth trajectory. Manufacturers involved in the development of innovative bone glues and bone adhesive sealants are focused on multipurpose glues that can be utilized for a large number of applications. Furthermore, key players in this market are focused on the introduction of newer products to capitalize on the opportunities in the global bone glue market.
Bone glues are collagen obtained from animal sources such as skin and bones. Bone glues are derived from fish’s dried swim bladder and bovine bone. The production of bone glues involves procuring animal bones from slaughterhouses, meat packaging companies, and tanneries and are then washed, boiled under pressure, demineralized and collagen extracted and dried. Bone glues are predominantly used in book publishing, woodwork, and match head production applications.
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The global bone glue market can be divided by end user, product type, application, and region. In terms of the end user, the market can be segmented into hospitals, ambulatory surgery centers (ASCs), and specialty clinics. On the basis of product type, the market can be segmented into natural bone glue and synthetic bone glue.
The report covers the present scenario and growth prospects of the global bone glues market during the forecast period. The report considers production capacity of vendors to present market estimates and to present the hierarchical structure of the market until the end of the forecast period in 2024. In addition, the report outlines the major drivers and challenges that will impact the growth of the bone glues market as well as the key trends that are expected to come to the fore during the forecast period.
The report presents the vendor landscape of the global bone glues market. Each of the key vendors is profiled for their attributes of business position, product portfolio, recent developments, and SWOTs.
Bone Glue Market: Drivers and Restraints
The increasing number of surgical procedures that require bone glue in large volume is one of the major factors driving the global bone glue market. In particular, the demand for bone glues is anticipated to rise significantly among orthopedic surgeons globally. The reluctance of orthopedic surgeons for the use of conventional cementing materials for adhesion needs in surgical procedures is leading to the development of organic alternatives.
However, the market faces certain growth impediments as well. Due to animal rights considerations and sentiments of ethnic communities, non-animal alternatives to bone glue is challenging the market’s growth. Nevertheless, the increasing application of bone glues in book cover is expected to present lucrative opportunities to the growth of this market.
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Bone Glue Market: Regional Overview
North America accounts for almost half of the global bone glue market in terms of revenue. This is primarily due to the robust healthcare infrastructure and advanced pharmaceutical production in the U.S. However, Asia Pacific is expected to display the highest growth rate in the coming years. Europe is also expected to be a dominant bone glues market during the forecast period. While Latin America is expected to display satisfactory growth rate, the Middle East and Africa are expected to display sluggish growth in the bone glue market.
Major Companies Mentioned in Report
Some of the leading companies in the global bone glues market are 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., C.R. Bard Inc., and others.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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