Bone Glue Market
The Global Bone Glue Market is estimated to be valued at USD 2.91 Bn in 2024 and is expected to reach USD 4.30 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031. Bone glue, also known as bone cement, is a type of adhesive used to join pieces of bone together or seal bone grafts following fractures or surgery. It forms a strong mechanical and biological bond to both replace or augment broken or damaged bone. Bone glue is a versatile implant material designed to set in situ and solidify into a hard mass resembling bone. As an adhesive, it mimics the natural process of bone healing and allows new bone to grow continuously into and through the cement. Bone glue offers several advantages over traditional metal plates and screws such as minimal invasion, immediate fixation, conformity to irregular bone surfaces, and prevention of small bone fragments from separating. The global bone glue market is expected to grow in the coming years due to rising cases of orthopedic injuries and surge in the number of trauma & accident cases worldwide.
Market Dynamics:
The global bone glue market is projected to grow at a steady rate during the forecast period. The key drivers influencing the market include increasing incidence of fractures owing to rising number of road accidents globally, surge in geriatric population prone to orthopedic disorders like osteoporosis, and growing number of surgical procedures involving bones. Additionally, bone glue offers several advantages over conventional fixation devices such as uniform stress distribution along fracture lines, ability to adhere to irregular bone surfaces, and rapid fixation. This is positively impacting its adoption rate in hospitals and trauma centers. However, strict regulatory approvals owing to safety concerns pertaining to bone cement formulation and high costs associated with research & development of novel adhesives may hamper the market growth. Moreover, lack of reimbursement policies for high-end solutions in developing nations pose a major challenge. Nevertheless, ongoing innovations to develop enhanced versions of bone glue with better biocompatibility, reduced polymerization temperatures, and injectable compositions are expected to provide new opportunities for market expansion over the forecast period.
Key Features of the Study:
- This report provides in-depth analysis of the global bone glue market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global bone glue market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Medtronic, Johnson & Johnson, Stryker,B. Braun Melsungen AG, Zimmer Biomet, Smith & Nephew, Baxter International, Integra LifeSciences, CryoLife, Heraeus Medical, DJO Global, Aesculap, Arthrex, Exactech, and Cardinal Health
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global bone glue market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global bone glue market
Market Segmentation
Market Segmentation
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