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The bone glue market comprises adhesive and sealant products that are used to repair bone and cartilage fractures, dislocations, and other orthopedic injuries. Bone glues, also known as orthobiologics or surgical sealants, provide fractures with immediate stabilization and enhance bone healing through their ability to fill gaps or voids and adhere tissues together. They cure within the body and set in a matter of seconds to minutes, eliminating the need for plates, screws, and wires to stabilize bone fragments. Bone glues mimic natural bone bonding and their viscosity allows for application into narrow spaces or between irregular bone structures. They provide biomechanical stability at fracture sites and encourage natural tissue regeneration over time.
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 from 2023 to 2030.
Growing incidents of sport-related fractures and accidents are expected to drive demand for bone glues in traumatic injury repair procedures. Bone glues offer surgeons better handling over fractured bone pieces and facilitate early mobilization of patients compared to traditional fixation methods like plating and wiring.
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.
The increasing prevalence of osteoporosis and orthopedic diseases has boosted the number of fractures in the aging population. Bone glues help reduce surgery time and promote faster healing compared to other external fixation techniques.
Leading manufacturers are focused on expanding their footprint in Asian and Latin American countries to tap the high unmet need for osteoporosis and trauma care in developing healthcare markets.
Market Key Trends
The rising popularity of minimally invasive orthopedic surgeries is driving the development of advanced bone glue formulations that are easier to apply and compatible for diverse procedures. Bone glues offer bone stabilization comparable to plates and screws in minimally invasive methods and reduce risks of infection associated with traditional open surgeries. The growing preference for outpatient surgeries is another key trend fueling innovation in bone glue design.
Porter’s Analysis
Threat of new entrants: The threat of new entrants in bone glue market is low due to high capital requirements and established distribution channels of existing players.
Bargaining power of buyers: The bargaining power of buyers is moderate as they have a number of options available for bone repair surgeries.
Bargaining power of suppliers: The bargaining power of suppliers is low as there are many suppliers for raw materials used in bone glues.
Threat of new substitutes: The threat of new substitutes is moderate as new bone graft substitutes are continuously being researched.
Competitive rivalry: The competitive rivalry in the market is high due to presence of many established players.
Geographical Regions
North America accounts for the largest share of the global bone glue market, in terms of value. This is attributed to increasing prevalence of orthopedic diseases as well as availability of advanced healthcare facilities for bone repair surgeries in this region.
The Asia Pacific region is expected to witness the fastest growth in the bone glue market during the forecast period. Rapidly developing healthcare infrastructure along with growing awareness about bone glues for effective treatment of bone injuries is driving the market in Asia Pacific.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
