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Bone glue refers to surgical adhesives which are used to bind broken bones and repair bone fractures. It is a gel-based or liquid synthetic polymer that is applied to the surfaces of broken bones to fuse them back together without using plates or screws. Bone glue allows surgeons to reattach bone fragments in a minimally invasive manner. It provides strong fixation and stability at the fracture site and stimulates natural bone healing. Common applications of bone glue include fixation of bone fragments during trauma procedures, arthrodesis surgeries to fuse bones in the hand and foot, spine surgeries, and dental procedures. The global bone glue market is dominated by key players such as Cryolife, Luna Innovations Incorporated., St. Jude Medical, Inc. (Abbott Laboratories), Johnson and Johnson, Cohera Medical Inc, Tissuemed Ltd., Integra Lifesciences Corporation, Baxter International Inc., B.Braun Melsungen AG, DENTSPLY SIRONA Inc., Chemence Medical Inc., LaunchPad Medical, and C.R. Bard Inc.
The global bone glue Market is estimated to be valued at US$ 2,332.0 Mn in 2023 and is expected to exhibit a CAGR of 5.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The bone glue market is expected to be flourished by the increasing demand for minimally invasive surgeries. Minimally invasive surgeries involve smaller incisions and hence lead to less pain, fewer complications, shorter hospital stays, and faster recovery times for patients as compared to traditional open surgeries. Bone glue allows surgeons to bind bones internally without making large incisions, as it is applied through a syringe. This drives its increasing adoption in orthopedic, neurosurgery, dental, and trauma procedures.
Another driver for the bone glue market is the growing geriatric population globally. Older adults are more prone to bone fractures due to osteoporosis and weaker bones. With rising life expectancy, the number of bone fixation procedures is expected to surge dramatically over the coming years. This will propel the demand for synthetic bone glues as they aid faster recovery and mobility in elderly patients.
Segment Analysis
The global bone glue market is segmented based on product type, application, end user and geography. The product type segment of the market is further divided into natural bone glue and synthetic bone glue. Synthetic bone glue dominates the market and is expected to continue its dominance over the forecast period owing to its advantages such as quick drying properties and high tensile strength.
PEST Analysis
Political: Government regulations regarding the usage of synthetic bone glues are influencing the market growth. Economic: Rising healthcare expenditure is driving the bone glue market. Social: Increasing aging population and incidence of orthopedic surgeries are supporting the market growth. Technological: Advancements in bone glue formulation and application methods are positively impacting the market.
Key Takeaways
The global bone glue market size was valued at US$ 2,332.0 Mn in 2023 and is projected to reach US$ 3,500 Mn by 2030, expanding at a CAGR of 5.9% over the forecast period. Regional analysis indicates North America dominates currently owing to developed healthcare infrastructure and higher adoption of bone glues. Key players operating in the bone glue 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., LaunchPad Medical, and C.R. Bard Inc. Key players are focusing on new product launches and geographical expansion to strengthen their market position.
The global bone glue market is expected to witness high growth over the forecast period. Regional analysis indicates North America dominates currently owing to developed healthcare infrastructure and higher adoption of bone glues. Key players such as 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., LaunchPad Medical, and C.R. Bard Inc. operating in the bone glue market. Key players are focusing on new product launches and geographical expansion to strengthen their market position.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
