The bone glue market consists of surgical adhesives that are used to repair broken or fractured bone tissues. Bone glues act as an alternative to metal plates, screws, and pins in orthopedic surgeries. They are made from cyanoacrylate monomers that quickly polymerize to form a strong glue-like substance when applied to bone surfaces. Bone glues are more preferable over internal fixation devices as they minimize invasive surgeries. They also help in faster healing time compared to traditional bonding methods. Bone glues eliminate the need for additional surgical interventions and removal of implanted devices. The Global Bone Glue Market is estimated to be valued at US$ 2,332.0 Mn in 2024 and is expected to exhibit a CAGR of 5.9% over the forecast period 2023 to 2030.
Key Takeaways
Key players operating in the bone glue market are 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. Bone glues offer a minimally invasive alternative to traditional fixation techniques like plating and wiring. With the growing geriatric population prone to orthopedic issues, bone glue market sees ample opportunities emerging from minimally invasive surgeries. Major companies are expanding globally, especially in regions with improving healthcare infrastructure and rising medical tourism.
The key opportunities in the bone glue market are:
1) Growing Geriatric Population: Rise in aging population leads to increase in orthopedic issues like fractures requiring surgeries. Since elder patients can't undergo complex surgeries, bone glues are highly preferred.
2) Increase in Road Accidents: Rise in road accidents boost trauma and sports injury cases needing bone repair treatments. Here bone glues help reduce surgery time and risks.
3) Medical Tourism: Companies see opportunities in emerging nations promoting medical tourism for orthopedic treatments. This will drive bone glue demand.
Major companies operating in the bone glue market are focused on expanding globally. Regions with improving healthcare sector and medical facilities attract companies for business expansion. North America being the largest market sees key players focusing on R&D and new product launches. However, Asia Pacific region is identified as the most lucrative market with nations like China, India promoting medical tourism. This encourages global med-tech companies to tap high growth opportunities through subsidiaries, partnerships and acquisitions.
Market Drivers
The key driver for the bone glue market is the rising number of orthopedic surgeries worldwide. Bone glues provide significant advantages over traditional fixation techniques like faster healing and recovery time. They minimize invasive procedures and post-surgery risks. This makes bone glues highly preferred especially for elder patients who cannot undergo complex internal fixation surgeries.
Market Restraints
One of the key restraint for the bone glue market is the high costs associated with manufacturing and production. Since bone glues involve bioactive components and polymers, their production requires advanced facilities and skills. This increases final product costs limiting their application in price sensitive regions. Also, stringent regulatory norms for approval of novel bone glues may hamper quick product innovation and market entry of new players.
Segment Analysis
The global bone glue market is segmented based on composition, application, end user and region. Based on composition, cyanoacrylate based bone glue is dominating the market and is projected to continue its dominance over the forecast period. Cyanoacrylate based bone glue provides rapid bonding of tissues with strong adhesion and thus help in quick recovery of the patient.
Based on application, orthopedic surgery segment holds the largest market share currently. Usage of bone glue in orthopedic surgeries like trauma fixation and joint replacement surgeries enhance the healing process and reduce recovery time, thus driving the demand for bone glue in orthopedic surgeries.
Global Analysis
Regionally, North America currently dominates the bone glue market owing to rising prevalence of orthopedic disorders, trauma cases and increasing usage of adhesive bonding products in surgeries. However, Asia Pacific region is expected to witness highest growth over the forecast period due to rising healthcare spending, increasing number of surgeries and growing awareness about advanced medical adhesive products in the region. Additionally, presence of leading players expanding their manufacturing facilities in emerging Asian countries boosts the growth of bone glue market in Asia Pacific region.
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