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I AgreeAnalysis of Bone Wax Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global bone wax market is currently valued at US$ 75.6 million and is anticipated to evolve at a CAGR of 3% to reach US$ 101.6 million by the end of 2033.
Global demand for bone wax products from hospitals and specialty clinics is expected to increase at a similar CAGR of 3% from 2023 to 2033. A majority of cases related to bone wax surgeries are performed in hospitals and specialty clinics due to the presence of advanced tools, facilities, and skilled medical experts.
The high admissions of patients experiencing orthopedic disorders and fall injuries are boosting the sales of bone wax solutions.
During surgical procedures, bone wax a waxy material is used to aid stop bleeding from bone surfaces. It is typically formed of sterile beeswax mixture and softeners such as paraffin or petroleum jelly, and it is spread around the bleeding edge of the bone to block the holes and immediately stop the bleeding by the tamponade effect.
The most common kind of bone wax is provided in sterile sticks, and it typically needs to be softened before use. Additionally, bone wax stays at the site of implantation for a longer period since it is not soluble in bodily fluids. Blood and bone marrow have several channels in bone. Osseous haemorrhage, which occurs when a bone is cut surgically or cracked traumatically, can be challenging to manage, especially in the spine and sternum, which have extensive blood vessels. In orthopedic, thoracic, and neurological procedures, medically sterile bone wax is a crucial component for maintaining bone hemostasis. Bone glue is used to fix joints or fractures.
Bone wax is extremely hydrophobic and is not metabolised, therefore it is only slightly resorbed from the application site and has no impact on the pH of the contacting body fluids. The U.S. Food and Drug Administration (FDA) classifies bone wax as a Class 2 medical device, and it is often sold in sterile sticks or plates that come in an easy-to-open foil wrapper.
Absorbable and non-absorbable segment are two types of bone wax products. Rising cases of accidents, sports or recreational injuries, and arthroplasty procedures are increasing the demand for bone wax solutions.
Report Attributes |
Details |
Bone Wax Market Size (2023 E) |
US$ 75.6 Million |
Forecasted Market Value (2033F) |
US$ 101.6 Million |
Global Market Growth Rate (2023–2033) |
3% CAGR |
Canada Market Growth Rate (2023–2033) |
2.5% CAGR |
China Market Growth Rate (2023–2033) |
4% CAGR |
Japan Market Growth Rate (2023–2033) |
2% CAGR |
Germany Market Growth Rate (2023–2033) |
2% CAGR |
Key Companies Profiled |
|
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“Growing Cases of Accidents & Other Bone Surgical Procedures”
Rising cases related to orthopedic disorders, accidental fracture cases requiring surgeries, and bone disorders on a global scale, together with a sharp increase in the use of absorbable segment products in arthroplasty procedures, are the main reasons driving sales growth.
Additionally, it is projected that the prevalence of sports injuries including runners' knee, tennis elbow, hip bursitis, concussions, and other conditions will accelerate the acceptance of sports medicine.
Therefore, the growth of the bone wax market is anticipated to be driven by the increasing rate of research and development projects examining the utility of bone wax in arthroplasty procedures.
“Rising Demand for Synthetic Bone Wax Products”
Water-soluble polymers are used to make synthetic bone wax, which lessens associated difficulties during operations. Additionally, synthetic products have the same appearance and texture as natural bone wax.
Anti-inflammatory medications are transported using both synthetic and traditional bone wax to lessen inflammation at the surgical site. When compared to alternative bone hemostatic agents, these factors are anticipated to improve the acceptance of bone wax products.
“Dental Bone Wax Gaining Traction”
Bone wax works well, effectively, and safely to stop bleeding from the alveolus after tooth extractions and bone wax oral surgeries, even in people who are taking a long-term anticoagulant. There are no poisonous or dangerous components in the orthodontic wax.
The use of digital technologies in dentistry is currently growing quickly, with applications covering everything from diagnosis to implant design, fabrication, and placement. Dental implant procedures are one of the specific areas of dentistry that have benefited from digital technologies. Thus, such aspects are positively influencing the market for bone wax.
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“Complications Associated with Bone Wax and Availability of Substitutes”
Since bone wax's invention, practical training has revealed several issues related to it, including the considerably reduced ability of bone to rebuild, the occurrence of infections, moderate-to-severe inflammation, foreign body reaction, and fibrous reaction.
Also, the presence of several bone wax substitutes is expected to hamper sales growth. Some of the substitutes on the market include fatty acid salts, gelatin paste, fibrin/collagen paste, glycolic or lactic acid/glycerol oligomers, partly deacetylated chitin hydrochloride, PEG/microfibrillar collagen paste, polydioxanone/natural oils, and polyorthoester.
“Increasing Rate of Sports-related Injuries”
The U.S. currently dominates the North American bone wax market. This dominance is primarily due to the rising demand for bone wax in minimally-invasive surgical procedures, more public awareness about bone wax, growing cases of bone diseases, and increasing spending power on healthcare. Along with advantageous reimbursement and insurance policies covering expensive surgical treatments, an increase in the usage of recently introduced bone wax solutions is also anticipated to boost market growth over the projection period.
Thus, the high prevalence of sports-related injuries in the nation is anticipated to boost the demand for bone wax products.
“Advancements in Dental Bone Wax Solutions and Presence of Leading Producers”
Over the coming years, sales growth in the U.K. market will be fueled by the adoption of cutting-edge dentistry methods and substantial funding for research into dental bone wax solutions.
Due to the increasing rate of the elderly population and advancements in orthopedic implant technologies as per prescribed safety regulations, Germany is currently leading the European market. The availability of cutting-edge medical facilities and the presence of major market competitors are driving the demand for sterile bone wax solutions.
“China & Japan Handsomely Leading Sales of Bone Wax Solutions Due to Rising Cases of Orthopedic & Dental Disorders”
The Asia Pacific region has become increasingly attractive for orthopedic surgeries on a worldwide scale due to low healthcare costs, a rapidly developing healthcare industry, advancements in technologies, better supply chain management, higher product standards, and lax government regulations for product approvals that help companies in the bone wax market to gain potential opportunities.
The primary cause of oral illnesses in Japan has been caries. Despite dental breakthroughs, tooth loss brought on by ageing is still a problem in Japan. Japan will see a super-ageing culture known as the “age of 100 years of life” over the coming years.
“Rising Prevalence of Musculoskeletal Disorders”
Based on application, the bone wax products are segmented into neurosurgical procedures, orthopedic surgeries, thoracic surgeries, and dental/oral surgeries. During the forecast period, the demand for bone wax products from orthopedic surgeries is expected to register a significant revenue share.
The bone wax solution sales generated a sizable amount of revenue due to the rising prevalence of musculoskeletal ailments such as trauma, tumours, degenerative illnesses, congenital disorders, infectious diseases, and sports injuries.
Thus, rising cases of sport-related injuries are increasing the demand for orthopedic surgeries, which is subsequently boosting the sales of bone wax solutions.
The market for bone wax is moderately competitive. In terms of market share, some corporations are distributing goods while others are buying up products and forming alliances with other businesses to strengthen their market positions globally. Some of the key players in the bone wax market are B. Braun Melsungen AG, Johnson & Johnson, Medtronic PLC, Baxter International Inc, and Abyrx Inc.
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Global demand for bone wax is currently valued at US$ 75.6 million.
Worldwide sales of bone wax are expected to increase at a CAGR of 3% during the next 10 years.
The global bone wax market is projected to reach US$ 101.6 million by 2033.
The U.S. and Germany are leading markets for bone wax solutions.
B. Braun Melsungen AG, Johnson & Johnson, and Medtronic PLC and key manufacturers of bone wax.