The global bone glue market is expected to experience significant growth in the coming years, driven by an increasing prevalence of bone-related injuries and diseases, a rise in the geriatric population, and advancements in surgical techniques. The market is also influenced by the growing demand for minimally invasive surgical procedures and the availability of bone glue products with improved biocompatibility and osteoconductivity. However, factors such as the high cost of bone glue products and a lack of reimbursement policies in certain regions may hinder market growth. The market is characterized by intense competition among key players, with a focus on research and development activities to introduce innovative products and gain a competitive edge.
Global Bone Glue Market size was valued at US$ 2,332.0 Million in 2022 and is expected to witness a CAGR of 5.9% over the forecast period (2022 – 2030).
Key Leaders in the Bone Glue Industry:
1. CryoLife
Founded in 1984, CryoLife is a medical device and tissue processing company headquartered in Kennesaw, Georgia, USA. CryoLife is dedicated to the development, manufacturing, and commercialization of implantable medical devices, including bio-prosthetic heart valves, surgical patches, and cardiac preservation products. CryoLife operates in over 100 countries worldwide.
2. Luna Innovations Incorporated
Founded in 1990, Luna Innovations is a technology company headquartered in Roanoke, Virginia, USA. Luna Innovations focuses on the development of fiber optic-based sensing and test & measurement products for the aerospace, automotive, telecommunications, and healthcare industries. The company operates in the United States, Europe, and Asia. In March, 2022 Luna Innovations Incorporated (NASDAQ: LUNA), a global leader in advanced optical technology, announced it has acquired LIOS Sensing (“LIOS”), a division of NKT Photonics, a NKT A/S company
3. Johnson and Johnson
Founded in 1886, Johnson and Johnson is a multinational healthcare conglomerate headquartered in New Brunswick, New Jersey, USA. Johnson and Johnson is engaged in the development, manufacturing, and marketing of medical devices, pharmaceuticals, and consumer health products. The company operates in over 60 countries worldwide.
4. Cohera Medical Inc
Founded in 2006, Cohera Medical is a medical device company headquartered in Raleigh, North Carolina, USA. Cohera Medical develops and commercializes surgical adhesives and sealants used in surgical procedures for skin closure, hernia repair, and plastic surgery. The company operates in the United States and Europe.
5. Tissuemed Ltd
Founded in 1997, Tissuemed Ltd is a medical device company headquartered in Leeds, UK. Tissuemed Ltd develops and manufactures surgical sealants and adhesives used in neurosurgery, plastic surgery, and urology. The company operates in Europe and Asia.
6. Integra Lifesciences Corporation
Founded in 1989, Integra Lifesciences Corporation is a medical device company headquartered in Plainsboro, New Jersey, USA. Integra Lifesciences Corporation is engaged in the development, manufacturing, and commercialization of medical devices and instruments used in neurosurgery, orthopedics, and general surgery. The company operates in over 100 countries worldwide.
7. Baxter International Inc.
Founded in 1931, Baxter International Inc. is a multinational healthcare company headquartered in Deerfield, Illinois, USA. Baxter International Inc. develops, manufactures, and markets medical devices, pharmaceuticals, and biotechnology products for critical care, renal care, and other medical applications. The company operates in over 100 countries worldwide. In March, 2022 Miromatrix Medical Inc. and Baxter International Inc. announced a collaborative research agreement to help support additional treatment options for patients with acute liver failure (ALF) in need of organ support therapies.
8. B.Braun Melsungen AG
Founded in 1839, B.Braun Melsungen AG is a medical device and pharmaceutical company headquartered in Melsungen, Germany. B.Braun Melsungen AG develops, manufactures, and markets medical devices and pharmaceutical products used in surgery, anesthesia, and intensive care. The company operates in over 60 countries worldwide. In October 2021, B.Braun announced the launch of its new bone glue product called OsteoForm® Bone Cement. It is a calcium phosphate-based bone cement that is designed to provide excellent bonding and fixation properties for orthopedic and trauma surgery.
9. DENTSPLY SIRONA Inc.
Founded in 1899, DENTSPLY SIRONA Inc. is a multinational dental equipment and supplies company headquartered in Charlotte, North Carolina, USA. DENTSPLY SIRONA Inc. develops, manufactures, and markets dental equipment, consumables, and dental implants for use in general dentistry, endodontics, and orthodontics. The company operates in over 40 countries worldwide.
10. Chemence Medical Inc.
Founded in 1998, Chemence Medical Inc. is a medical device company headquartered in Alpharetta, Georgia, USA. Chemence Medical Inc. develops and manufactures surgical adhesives and sealants used in wound closure and surgical procedures. The company operates in the United States and Europe. . In 2021, Chemence Medical announced the FDA clearance of its Exofin Fusion® bone grafting system. The system includes a bone grafting material and a light-cured adhesive that are used together to provide strong and stable bone fixation.
*Definition- Bone glue is a type of medical adhesive used to bond fractured or damaged bones during surgical procedures. It is designed to provide strong adhesion while also being biocompatible and able to promote bone healing.
