Bone Glue Market: Overview
The bone glue industry is on a growth trajectory. Manufacturers involved in the development of innovative bone glues and bone adhesive sealants are focused on multipurpose glues that can be utilized for a large number of applications. Furthermore, key players in this market are focused on the introduction of newer products to capitalize on the opportunities in the global bone glue market.
Bone glues are collagen obtained from animal sources such as skin and bones. Bone glues are derived from fish’s dried swim bladder and bovine bone. The production of bone glues involves procuring animal bones from slaughterhouses, meat packaging companies, and tanneries and are then washed, boiled under pressure, demineralized and collagen extracted and dried. Bone glues are predominantly used in book publishing, woodwork, and match head production applications.
The global bone glue market can be divided by end user, product type, application, and region. In terms of the end user, the market can be segmented into hospitals, ambulatory surgery centers (ASCs), and specialty clinics. On the basis of product type, the market can be segmented into natural bone glue and synthetic bone glue.
The report covers the present scenario and growth prospects of the global bone glues market during the forecast period. The report considers production capacity of vendors to present market estimates and to present the hierarchical structure of the market until the end of the forecast period in 2024. In addition, the report outlines the major drivers and challenges that will impact the growth of the bone glues market as well as the key trends that are expected to come to the fore during the forecast period.
The report presents the vendor landscape of the global bone glues market. Each of the key vendors is profiled for their attributes of business position, product portfolio, recent developments, and SWOTs.
Bone Glue Market: Drivers and Restraints
The increasing number of surgical procedures that require bone glue in large volume is one of the major factors driving the global bone glue market. In particular, the demand for bone glues is anticipated to rise significantly among orthopedic surgeons globally. The reluctance of orthopedic surgeons for the use of conventional cementing materials for adhesion needs in surgical procedures is leading to the development of organic alternatives.
However, the market faces certain growth impediments as well. Due to animal rights considerations and sentiments of ethnic communities, non-animal alternatives to bone glue is challenging the market’s growth. Nevertheless, the increasing application of bone glues in book cover is expected to present lucrative opportunities to the growth of this market.
Bone Glue Market: Regional Overview
North America accounts for almost half of the global bone glue market in terms of revenue. This is primarily due to the robust healthcare infrastructure and advanced pharmaceutical production in the U.S. However, Asia Pacific is expected to display the highest growth rate in the coming years. Europe is also expected to be a dominant bone glues market during the forecast period. While Latin America is expected to display satisfactory growth rate, the Middle East and Africa are expected to display sluggish growth in the bone glue market.
Major Companies Mentioned in Report
Some of the leading companies in the global bone glues market are 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., C.R. Bard Inc., and others.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.