Global Market Study on Bone Glue: Rising Adoption of Bone Glue for Orthopedic Surgeries Expected to Boost Demand for Bone Glue over the Forecast Period


Bone Glues Market
  • Published On : Dec-2016 |
  • Pages : 175 Pages |
  • Format :

Persistence Market Research presents an all-encompassing study of the global bone glue market titled ‘Global Market Study on Bone Glue: Rising Adoption of Bone Glue for Orthopedic Surgeries Expected to Boost Demand for Bone Glue over the Forecast Period ’. This study demonstrates the market dynamics and trends globally across five regions of North America, Latin America, Europe, APAC and MEA which influence the current nature and future status of the bone glue market over the forecast period. In this report, Persistence Market Research gives an overall view of the global bone glue market and also throws light on the market sentiment and overall segments of this market. The period of assessment of this report is for eight years and this report enlightens the clients on the crucial aspects of the global bone glue market in the coming decade. An in-depth study of the market was done by the highly qualified team of analysts of Persistence Market Research and information was collated on the drivers and trends that will influence the market in the coming decade. The report gives a detailed description of the effect these drivers and restraints will have on the global bone glue market and this gives a crystal clear picture to clients regarding how the market will shape up in the future.

Report description

This research report provides a detailed analysis of the global bone glue market and offers insights on the various factors driving market popularity. The report includes an extensive analysis of key industry drivers, restraints, market trends and market structure. The market study provides comprehensive assessment of key stakeholder strategies and imperatives for succeeding in the business.  The report starts with an overview of the global bone glue market in terms of value. In addition, this section includes analysis of key trends, drivers and restraints from the supply, demand and economy side which are influencing the global bone glue market. Impact analysis of key growth drivers and restraints, based on the weighted average model is included in this report to facilitate clients with crystal clear decision-making insights.

The global bone glue market is segmented as follows:

By End User

  • Hospitals
  • Specialty Clinics
  • ASCs

By Application

  • Orthopedic
    • Arthroplasty
    • Sports Injuries
    • Spine Surgery
    • Trauma
    • Others

By Product Type

  • Synthetic Bone Glue
    • Methacrylate
    • Cyanoacrylate
    • Others
  • Natural Bone Glue

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

A detailed analysis has been provided for every segment and sub-segment in terms of market size, Y-o-Y growth rate, absolute $ opportunity, market attractiveness index and BPS analysis.

The next section of the report highlights the growth trends of the global bone glue market by region. It provides a market outlook for 2016–2024 and sets the forecast within the context of the bone glue market. The study discusses key regional trends contributing to the growth of the bone glue market worldwide, as well as analyses the extent to which drivers are influencing this market in each region. Key regions assessed in this report include North America, Latin America, Europe, Asia Pacific and MEA. The sections – by product type, by application, by end user and by region – evaluate the present scenario and growth prospects of the global bone glue market for the period 2016 –2024. We have considered 2015 as the base year and provided data for the forecast period.

In the final section of the report, Persistence Market Research has included a competitive landscape to provide clients with a dashboard view based on categories of providers in the value chain, presence in the global bone glue market portfolio and key differentiators. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the global bone glue market value chain and the potential players for the same. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on an in-depth assessment of capabilities and success in the marketplace. Detailed profiles of providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the global bone glue market.

Research methodology

In order to offer an accurate forecast, we have started by sizing the current market, which forms the basis of how the global bone glue market will grow in the future. Given the characteristics of the market, we have triangulated the outcome of different types of analysis. Top-down approach has been used to assess market numbers for each product category. Bottom-up approach has been used to counter-validate the reached market numbers and end-use wise market numbers. Indicators such as R&D expenditure, research funding from government and non-profit organizations etc. have been considered to arrive at the indicated market numbers.

Key metrics covered

In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse the market on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities across the market. As previously highlighted, the global bone glue market is split into a number of segments. All segments in terms of product type, end user, by application and based on different regions are analyzed in terms of basis point share to understand individual segments’ relative contribution to market growth. This detailed level of information is important for identification of various key trends of the global bone glue market. Also, another key feature of this report is the analysis of all key segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global bone glue market.

Increasing surgical procedures with adoption of new surgical sealants and bone glues is expected to fuel revenue growth of the global bone glue market during the projection period

The global bone glue market was valued at US$ 568.9 Mn in 2015. The market is anticipated to expand at a CAGR of 7.0% and is expected to reach US$ 1,032.9 Mn by 2024, creating incremental opportunity of US$ 464.0 Mn between 2015 and 2024. The global bone glue market is expected to represent absolute $ opportunity of US$ 36.5 Mn in 2017 over 2016.

The demand for bone glues is expected to increase significantly among orthopedic surgeons and hospitals over the assessment period in North America

Arthroplasty segment is expected to account for more than 40% revenue share of the global bone glue market by 2016 end, and is expected to lose 50 BPS by 2024 over 2016. Spine surgery and trauma segment is expected to register high Y-o-Y growth throughout the assessment period as compared to other segments. Spine surgery segment is expected to account for nearly 20% revenue share of the global bone glue market by 2016 end and is expected to gain 70 BPS by 2024 over 2016. Increasing number of trauma cases coupled with orthopedic surgeries and cardiovascular surgeries in developed nations is expected to fuel global bone glue market revenue growth over the projected period. Trauma cases and sports injury segment is expected to gain 50 BPS collectively over the assessment period.

Owing to high effectiveness and strong bond strength, the demand for surgical sealants in orthopedics is expected to increase over the projected period

Arthroplasty

  • Arthroplasty segment is expected to create absolute $ opportunity of more than US$ 16 Mn in 2017 over 2016
  • By the end of 2024, this segment is projected to reach nearly US$ 430 Mn, registering a CAGR of 6.9% over the assessment period

Sports Injuries

  • Sports injuries segment is expected to create absolute $ opportunity of more than US$ 6 Mn in 2017 over 2016
  • By the end of 2024, this segment is projected to reach more than US$ 180 Mn, registering a CAGR of 7.1% over the forecast period

Increasing usage of bone glues for osteoporotic spine is expected to increase the demand for bone glues over the assessment period

Spine Surgery

  • Spine surgery segment is expected to create absolute $ opportunity of more than US$ 7 Mn in 2017 over 2016
  • By the end of 2024, this segment is projected to reach nearly US$ 210 Mn, witnessing a CAGR of 7.6% over the forecast period

Trauma

  • Trauma segment is expected to create absolute $ opportunity of more than US$ 3 Mn in 2017 over 2016
  • By the end of 2024, this segment is projected to reach in excess of US$ 100 Mn, registering a CAGR of 7.4% over the forecast period

Owing to lesser number of indications for other tissue glues such as mussel adhesives, the revenue growth of this segment is expected to exhibit a stable CAGR

Others

  • Others bone glue application segment is expected to create absolute $ opportunity of US$ 3.0 Mn in 2017 over 2016
  • By the end of 2024, this segment is projected to reach in excess of US$ 110 Mn, registering a CAGR of 6.3% over the forecast period

bone glue market

Global Bone Glue Future Market Trends

The bone glue industry is evolving gradually. Manufacturers involved in the development of novel bone adhesive sealants and bone glues are focusing on development of highly advanced glues and more user-friendly devices that could satisfy the application needs of surgeons. Major players are focusing on product launch to capitalize on the market opportunities in the global bone glue market. In 2015, Cohera Medical, Inc. received FDA approval for its product TissuGlu for internal use. TissuGlu is used in connecting tissue flaps made during surgery (abdominoplasty surgery).

Company Profiles

  • Cryolife
  • Baxter International Inc.
  • Luna Innovations Incorporated 
  • B. Braun Melsungen AG
  • Johnson and Johnson
  • DENTSPLY SIRONA Inc.
  • Cohera Medical, Inc.
  • Chemence Medical, Inc.
  • Tissuemed Ltd.
  • C.R. Bard Inc.
  • Integra LifeSciences Corporation
  • Others
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