A new report by XploreMR studies the growth drivers, trends, restraints, and highlights of the global bone glue market. Presenting exclusive insights into the market from 20XX to 20XX, the report projects that the market will witness notable growth during the forecast period. Bone glue is protein-based adhesive produced from collagen present in fish's dried swim bladder and bovine bone. Often used in granular and liquid forms, bone glue is utilized during the surgical procedure to fix damaged bones. The growth of the market is primarily driven by an increasing number of surgical procedures that need bone glue, high prevalence of bone disorders, such as osteoporosis, and rising geriatric population. Moreover, advancements in the landscape of regenerative drugs, coupled with the increasing number of trauma cases in developed nations is anticipated to complement the growth of the market through the forecast period.
Increasing Incidence Osteoporosis and Trauma Cases Soars Usage in Surgical Procedures
According to the National Center for Biotechnology Information, USA, osteoporosis is the major cause of bone fractures and the incidence of the condition is highly common among people above 60 years of age. Also, as per the statistics of the National Osteoporosis Foundation, there are over 54 Mn people above 50, suffering from osteoporosis, and the number of bone fractures is only forecasted to increase year-on-year. The increasing geriatric population base, which is at a higher risk of bone fracture, is the major driving factor of the bone glue market. Moreover, the increasing number of trauma cases, sports accidents, road accidents, and the subsequent surgeries are acting as significant growth opportunities to the players in the bone glue market. Besides, high adoption of bone glue in orthopedic surgeries coupled with preference among surgeons towards bone glue over conventional cementing material will also continue to channel a significant portion of revenue. Capitalizing the demand, market players are focusing on introducing innovative bone glues, adhesive sealants, and multipurpose glues. On the other hand, the growth of the market is facing an adversary in the form of stringent regulations imposed regarding the inspection of animals, since the bone glue is procured from animals.
North America Maintains Strong Foothold while Asia Pacific Expands at Healthy Rate
North America is anticipated to remain the leading regional market for bone glue, owing to the advanced healthcare infrastructure and a strong presence of major pharmaceutical players in the region. Similarly, Europe is anticipated to remain a lucrative region, on the back of a high geriatric population. On the other hand, Asia Pacific is anticipated to emerge as one of the leading players by the end of the forecast period, backed by increased government spending on healthcare infrastructure.