Published on : Jun 14, 2018
Albany, New York, June 14, 2018: In recent times, usage of bone wax products in orthopedic surgery and neurosurgery procedures has increased. Rise in cases of orthopedic diseases and accidental fracture cases is a prime factor augmenting the growth of the bone wax market. Market Research Hub (MRH) has freshly announced the inclusion of a study titled “Bone Wax Market - Global Industry Analysis, Size, Share, Growth, Trends, & Forecast 2018 – 2026” to its massive online repository. This precise study covers various aspects such as trends, drivers, challenges and opportunities that have an influence on the growth and expansion of the global market. For a clear understanding, the report provides data on market size and forecast for major countries in their respective regions.
Bone wax is a sterilized mixture of beeswax which includes a wax-softening agent, such as isopropyl palmitate. It is primarily used to control bleeding from bone surfaces during surgical operations, owing to this increase in a number of surgical procedures is a major factor boosting the demand for the bone wax products. According to the study key evaluations, the global bone wax market was valued at US$ 68.8 Mn in 2017 and is projected to witness a CAGR of more than 2.3% from 2018 to 2026, and to surpass the value of US$ 84.2 Mn by 2026.
Geographically, regions highlighted in the study include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For the benefit of the readers, the report provides a complete perspective on the market’s growth on the basis of revenue in US$ Mn and CAGR. This report also provides overall information and data analysis of the global bone wax market regarding leading market segments based on product type, material type, application, and end-user.
It has been examined that North America and Europe constituted the dominant share of the global bone wax market in 2017. The bone wax market in North America is driven by an increase in adoption of newly introduced bone wax products and favorable insurance plans covering costly surgical procedure treatment. In the coming years, the market in the Asia Pacific is growing rapidly, driven largely by the developing countries such as India and China.
As the research proceeds, the market has been categorized on the basis of product type such as absorbable bone wax and non-absorbable bone wax. By material type, the study covers synthetic bone wax and natural bone wax. Application-wise segmentation covers neurosurgery, orthopedic surgery, thoracic surgery, dental/oral surgery, and others.
In the end, the research provides vital information about the key players operating in the sector. Some of them are ABYRX, INC., Futura Surgicare Pvt Ltd., Ethicon, Inc. (Johnson & Johnson), Covidien plc. (Medtronic plc.), Baxter International, Medline Industries, Inc., WNDM Medical Inc., Surgical Specialties Corporation, and Bentley Healthcare Pvt. Ltd.
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