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Bone glue is a biomaterial employed in orthopedic surgeries to aid injured or damaged bone fusion. Bone glues help to fix broken or shattered bones in places and act as an adhesive. These glues are made up of synthetic or natural polymers that act as osteoconductive and accelerate bone regeneration at fracture sites. Bone glues are gaining prominence over traditional fixation techniques like plates, screws, and wires due to advantages like minimally invasive application, reduced surgery time, and lower risk of infection. Bone glues find wide usage during orthognathic, spinal, trauma, and sports injury surgeries.
The global Bone Glue Market is estimated to be valued at US$ 2,332.0 Mn in 2023 and is expected to exhibit a CAGR of 5.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Development of advanced bone glues is one of the key trends witnessed in the bone glue market. Manufacturers are engaged in development of next generation bone glues with enhanced properties. For instance, companies are developing bone glues that polymerize or set within seconds after application, provide instant fixation and immediate loading. Such fast bonding bone glues find increased usage in trauma and accident cases where immediate stabilization is required. Similarly, development of resorbable bone glues that degrade and get replaced by natural bone over time without requiring surgery for removal is another area of focus. Resorbable glues help in alleviating pain associated with implant removal surgeries.
Porter’s Analysis
Threat of new entrants: High costs of R&D and stringent government regulations pose significant barriers for new players.
Bargaining power of buyers: The presence of many players restricts individual buyer power to some extent. However, specialized needs increase buyer power.
Bargaining power of suppliers: The availability of substitute biomaterials gives suppliers moderate bargaining power.
Threat of new substitutes: Advancing technologies continue to bring newer generation substitutes producing pricing and competitive pressure.
Competitive rivalry: The market is fragmented with the few top players accounting for over 50% share making competitiveness high.
Key Takeaways
The global bone glue market is expected to witness high growth over the forecast period.
Regional analysis: Asia Pacific region is projected witness the highest growth rate due to rapidly growing medical procedures, increase in healthcare facilities and growing awareness. Key players: Key players operating in the bone glue market are Cryolife, Luna Innovations Incorporated., Stryker, Johnson and Johnson, DENTSPLY SIRONA, Zimmer Biomet, Baxter International, Smith and Nephew and B. Braun Melsungen AG.
The global bone glue market size was valued at US$ 2,332.0 Mn in 2024 and is expected to reach US$ 3,453.0 Mn by 2030, expanding at a CAGR of 5.9% over the forecast period. Bone glue’s advantages like biodegradability, osteoconductivity, and lower risk of complications compared to metal implants is boosting its demand across orthopedic, dental, and trauma surgeries. Geographically, the North America dominates the market currently due to fast uptake of advanced biologics and biosurgical materials. However, Asia Pacific is likely to witness the highest growth over the coming years. Key players are engaged in new product launches and strategic collaborations with hospitals and research facilities to strengthen their market position.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.
