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    Bone Wax Market Analysis

    Bone Wax Market Analysis
    Report code - SR1717 Delivery - 2 Weeks
    Bone Wax Market Size, Share, Trend, Growth, Forecast, & Industry Analysis: 2021-2 See more...

    Market Insights

    The bone wax market is projected to grow from USD 75.2 million in 2020 to USD 88.7 million by 2026 at a CAGR of over 2.8% during the forecast period.

    Bone wax is referred to as a sterile mixture of isopropyl palmitate and beeswax, a wax-softening agent which is used to control the bleeding from bone surfaces during surgical operations, which involves cutting through bones such as thoracic surgery, orthopedics, dental, neurosurgery, traumatology, and maxillofacial surgeries. 

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    The rise in the worldwide prevalence of orthopedic diseases, sports & recreation-related injuries, and accidental fracture cases resulting from surgical procedures. Moreover, growing the usage of absorbable bone wax products in surgeries further augments product consumption. Surging incidences of orthopedic diseases, an increasing number of accidental fracture cases, growing demand for a minimally invasive surgical procedure, a rise in the usage of absorbable bone wax products, and increasing sports and recreation-related injuries are some other factors bolstering the industry's growth.

    The COVID-19 pandemic has moderately affected the bone wax industry. The rapid spread of COVID-19 has led to several thousands of hospital admissions. The focus of healthcare professionals has been shifted toward the treatment of COVID-19-infected patients, which affected the treatment of non-emergency medical conditions, amid the pandemic.

    Bone Wax Market - Research Scope

    Base Year of Study

    2020

    Trend Period

    2015-2019

    CAGR (2021-2026)

    2.8%

    Market Size in 2020

    USD 75.2 million

    Market Size in 2026

    USD 88.7 million

    Forecast Period

    2021-2026

    Segments' Analysis

    Product Trends

    Based on product, the bone wax market has been classified into absorbable bone wax and non-absorbable bone wax. Under these, the absorbable bone wax held the largest market share in 2020 and is likely to grow at a considered CAGR during the forecast period. This is mainly attributed to the ease of application, improved efficiency with their resorbable nature, safety that does not necessitate the removal, and lower chances of side effects along with patient compliance of the absorbable bone wax, further bolsters the segment growth.

    Regional Insights

    By region, the North American market held a significant market share in 2020 and is projected to grow at a healthy CAGR in the coming years. Rising demand for bone wax with strong adoption for minimally invasive surgical procedures in the region as well as growing awareness among people, favorable reimbursement and insurance plans, and higher prices of products, augments the regional market growth during the forecast timeline.

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    Key Players

    Key players operating in the bone wax market are-

    • ABYRX (US)
    • Ethicon (US)
    • B. Braun Melsungen (Germany)
    • Medtronic (Ireland)
    • Baxter (US)
    • Medline (US)
    • Futura Surgicare (India)
    • GPC Medical (India)
    • WNDM Medical (US)
    • Surgical Specialties (US)

    Target Audience

    Here is the list of the group of customers that the market hopes to have the greatest opportunity to convert-

    • Distributors
    • Suppliers
    • Manufacturers
    • Logistics organizations
    • Government bodies

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What deliverables will you get in this report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth analysis of the Bone Wax Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional and country level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

    Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players) 

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    Bone wax is referred to as a sterile mixture of isopropyl palmitate and beeswax, a wax-softening agent which is used to control the bleeding from bone surfaces during surgical operations, which involves cutting through bones such as thoracic surgery, orthopedics, dental, neurosurgery, traumatology, and maxillofacial surgeries.

    The bone wax market is expected to witness an impressive growth of 2.8% CAGR in the coming years.

    The bone wax market size is expected to reach USD 88.7 million in the foreseeable future.

    The absorbable bone wax held the largest share in the bone wax market in 2020.

    North America is expected to grow at a healthy CAGR in the bone wax market in the next five years.

    ABYRX (US), Ethicon (US), B. Braun Melsungen (Germany), Medtronic (Ireland), Baxter (US), Medline (US), Futura Surgicare (India), GPC Medical (India), WNDM Medical (US), and Surgical Specialties (US) are among the key players in the bone wax market.