Market Definition:
Bone glue is a revolutionary product that can glue broken bones back together and gradually get replaced with bone over time. Its registered name is ‘Tetranite’ and it is made artificially in the lab. Bone glue is inspired from its natural alternative present in barnacles. Scientists and manufacturers involved in the development of innovative bone glues are concentrated on developing multipurpose glue that can be utilized for a large number of applications.
Apart from its application in medicine, bone glue is anticipated to be utilized in pharmaceutical, veterinary and sanitary preparations; dental wax; dietetic substances that can be used medically, fungicides, preparations for destroying vermin; baby foods; disinfectants; wound dressing materials, plasters, teeth stopping material and herbicides. The major players in this market are focused on the introducing novel products to capitalize on various opportunities in the global bone glue market.
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Market Growth and Analysis:
One of the essential drivers of this market is bone glue’s revolutionary role in reversing osteoporosis, the crippling bone disease that affects over 200 million people worldwide. New experiments held on the International Space Station by NASA suggest that bone glue could stimulate the production of new bone that can adhere to both metal and bone. Bone glue’s effect during various animal studies showed that it is extremely safe and biocompatible during the bone healing process. Since it can be gradually resorbed by the body and replaced by bone, it can have extensive applications in broken bone fixing, stabilizing metal orthopedic implants and enhancing the structure of bone. These applications can help in the treatment of many bone related diseases which is estimated to fuel its market growth.
Another factor that is estimated to propel the growth of this market is bone glue’s application in repairing bone loss in astronauts who are on long-duration spaceflights. Moreover, the rise in the number of surgical procedures that may require bone glue in large volume is also estimated to fuel the global bone glue market.
Market Segment:
The bone glue market is segmented on the basis of product, therapeutic applications, end users and regions. Based on products, the market is segregated into synthetic bone glue and natural bone glue. On the basis of therapeutic applications, the market is classified into arthroplasty, sports injuries, spinal injuries and others. Hospitals, clinics, specialized orthopedics clinics and ambulatory surgical centers are a few end users of this market. Geographically, the market is divided into North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Key Players:
Some of the key companies in the global bone glues market are LaunchPad Medical, Tissuemed Ltd., Baxter International Inc., Cryolife, Johnson and Johnson, Cohera Medical Inc., Chemence Medical Inc., Integra Lifesciences Corporation, B.Braun Melsungen AG, Luna Innovations Incorporated, DENTSPLY SIRONA Inc., and C.R. Bard Inc.
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Regional Analysis:
The North American region dominates the global bone glue market owing to technological advancement in bone glue’s pharmaceutical production and robust healthcare infrastructure. However, the Asian Pacific market is expected to register high growth rate in the coming years owing to higher geriatric population and increased accident cases.
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