Bone Glue Market is expected to witness a CAGR of 5.7% over the forecast peri...
Bone Glue Market – Competitive Landscape
Key players functioning in the global prosthetic liners market consists of Cryolife, Luna Innovations Incorporated., 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.
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The growing prevalence of osteoporosis around the globe is predominantly propelling the growth of the bone glue market. According to recent statistics from the International Osteoporosis Foundation, currently, it has been estimated that more than 200 million people are suffering from osteoporosis. Worldwide, 1 in 3 women over the age of 50 years and 1 in 5 men will experience osteoporotic fractures in their lifetime. It further states that the number of bone fractures will increase by 2 to 4 times by 2020 and 41 million women will suffer from osteoporosis or osteoarthritis. This is attributed to the growth in the geriatric population around the globe.
Moreover, a growing number of arthroplasty procedures is again expected to fuel the growth of the bone glue market. For instance, according to the Journal of Bone and Joint Surgery published data in September 2018, primary total hip arthroplasty (THA) is projected to grow 71%, to 635,000 procedures by 2030 and primary total knee arthroplasty (TKA) is projected to grow 85%, to 1.26 million procedures by 2030.
In April 2017, VEXIM a medical device company specializing in the minimally invasive treatment of vertebral fractures announces the launch in Germany of its new product Masterflow
Plus, a new product targeted at low-energy osteoporotic fractures.
Europe is expected to lead the global bone glue market and this is attributed to the increasing research and development activities in the field of bone glue products. For example, in April 2018, researchers from the KTH Royal Institute of Technology in Stockholm, Sweden developed an adhesive glue that is used the basic bonding technique with thiol-ene coupling (TEC) technology, which hardens and sets reliably even when exposed to water and oxygen. The adhesive technique is three-layered, much like a sandwich of biocompatible glue and fiber.
Bone glue is a new material that is rapidly gaining in popularity because it offers some features that traditional epoxy glue cannot provide. Traditional epoxies are strong but brittle because they contain a small amount of epoxy. The main weakness of this glue is that it becomes hard and sticky when it gets wet and hardens instantly when it gets dry. This made traditional epoxies an unsuitable material to be used with most electronics as well as plumbing fittings because it leads to corrosion and the risk of short circuits.
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• Current and future of global Bone Glue Market outlook in the developed and emerging markets • The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period. • Regions/countries that are expected to witness the fastest growth rates during the forecast period • The latest developments, market shares, and strategies that are employed by the major market players
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