Latest Report Details Of Bone Wax Market Market Size & Share, Growth, Trends, and Forecast 2017 - 2025

The report " Bone Wax Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025", has been prepared based on an in-depth market analysis with inputs from industry experts.

​The main objective of this report is to define, describe, and forecast the global “Bone Wax” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

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Bone wax is a mechanical hemostat used in surgical procedures to stop bleeding. The effect of bone wax on the surgical or wound area does not involve pharmacological action. The wax fills the space made in the bones, which was left open after surgical incision, thereby stopping the bleeding. It offers a cost effective alternative to stop bleeding. Bone wax is manufactured with varying concentrations of bees wax, white hard paraffin wax, and isopropyl palmitate. The bone wax is a highly sterilized material; sterilization is done with the help of gamma radiations. The product is usually packaged in the form of putty or stick and has a shelf life of up to 5 years. The bone wax is a malleable product mixed with softener; surgeons mold the two at the time of surgery. Application of bone wax is often accompanied with the use of anti-inflammatory drugs to reduce the pain and inflammation at different stages of wound healing.

Superior technological advancements involving cutting edge technology for use of bone wax during surgical interventions are anticipated to drive the global bone wax market. Increasing preference for less painful post-operative hemostat is projected to create significant opportunity in the global market. Major manufacturers of surgical devices focus on product offerings to capture entire market space, including before, during, and post-surgical procedures. Faster recovery due to controlled reduction blood loss and minimized risk of associated surgical site infections are factors likely to contribute to the growth of the market during the forecast period. However, alternative products approved for use during surgeries and risk associated with filling of bone wax in space between tissues are projected to restrain the market during the forecast period.
The global bone wax market has been categorized based on product type, material type, application, end-user, and region. In terms of product type, the market has been segmented into absorbable bone wax and non-absorbable bone wax. Based on material type, the market has been bifurcated into natural bone wax and synthetic bone wax. On the basis of application, the market has been segmented into neurosurgery, orthopedic surgery, thoracic surgery, and dental/oral surgery, and others. Based on end-user, the market is classified into specialty clinics, hospitals, and ambulatory surgical centers.

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In terms of region, the bone wax market has been categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to witness steady growth owing to improving healthcare infrastructure in outpatient settings, rising number of local manufacturers of bone wax offering low cost products, and significant adoption of bone wax as low cost alternative to other wound closure devices. North America is expected to dominate the global bone wax market during the forecast period. Dominance of the region can be attributed to rising incidence of orthopedic diseases and availability of suitable reimbursement policies. Continuous technological innovations by the manufacturers is projected to fuel the growth of the market in the near future.

Leading market players in the emerging countries are engaged in distribution licenses and co-development agreements for bone wax manufacturing to strengthen their market position. Rising preference for cost-effective techniques, at reduced side-effects are anticipated to further increase demand for the products. Innovations in bone wax, enabling its use as a drug carrier for medications used in bone healing process, presents a major opportunity in the market.
Key players operating in the global bone wax market include B. Braun Melsungen AG, Medtronic, Surgical Specialties Corporation, Futura Surgicare Pvt. Ltd., Unilene, Lotus Surgicals, GPC MEDICAL Ltd., Sutures India Private Limited, Genco Tibbi, Medline Industries, Inc., and Bentley Healthcare Pvt. Ltd.
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.

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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

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Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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