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Bone Wax Market Trends

  • Report ID: GMI8671
  • Published Date: Mar 2024
  • Report Format: PDF

Bone Wax Market Trends

Market growth is predicted to be driven by the rising prevalence of orthopaedic disorders. Various disorders including joint degeneration, spinal disorders, bone tumours, trauma cases, and degenerative bone diseases uses bone wax as a haemostatic agent to control bleeding from bone surfaces.

  • For instance, according to the Institute for Health Metrics and Evaluation, in 2023, approximately 15% of individuals aged 30 and older experience osteoarthritis. It's projected that nearly 1 billion people will be living with osteoarthritis, the most common form of arthritis, by 2050.
  • Conditions such as rheumatoid arthritis and avascular necrosis frequently lead to joint degeneration, necessitating joint replacement surgeries. These procedures involve removing damaged bone and inserting artificial joints. Bone wax plays a critical role in controlling bleeding during bone preparation and implantation, making it indispensable in joint replacement surgeries.
  • Additionally, orthopedic trauma resulting from accidents, falls, sports injuries, or violence often requires bone wax to achieve hemostasis and stabilize fractured bones.
  • Thus, advances in orthopedic devices, surgical techniques and equipment have made surgeries more effective and safer and increasing the adoption of bone wax, thereby escalating the growth of the market.
Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Market size for bone wax was USD 53 million in 2023 and is expected to reach over USD 69.3 million by 2032 owing to the increasing cases of bone fracture leading to a higher demand for bone wax in surgical procedures worldwide.

Bone wax industry from the non-absorbable bone wax segment recorded USD 36.3 million in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to offering prolonged hemostatic properties compared to absorbable bone wax.

North America industry reached USD 21.5 million in 2023 and is expected to register a commendable CAGR from 2024-2032 due to hospitals and surgical centers being well-equipped with the latest surgical instruments and supplies, including bone wax in the region.

B. Braun Melsungen AG, Baxter International Inc., Bentley Healthcare Pvt. Ltd., Futura Surgicare Pvt Ltd., GPC Medical Ltd., Johnson & Johnson, Medline Industries, Inc., Medtronic plc, and Wound Management Technologies, Inc., are some of the major bone wax companies worldwide.

Bone Wax Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 272
  • Countries covered: 22
  • Pages: 160
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