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Bone Wax Market - HighlightsBone wax is a mechanical hemostat used in surgeries to stop bleeding. Bone wax does not involve any pharmacological action. It is basically a sterilized mixture of beeswax and it consists of isopropyl palmitate, which is a wax softening agent and is used to stop bleeding from the bone surface. It is used in surgical procedures like orthopedics, thoracic surgery, neurosurgery, dental, oral, traumatology, and jaw surgery. The rising number of surgical procedures is a major booster which drives the global bone wax market.
Orthopedic surgeries are increasing due to the rising prevalence of orthopedic diseases, especially osteoporosis and accidental fractures. Also, the rising usage of absorbable bone wax products and the growing geriatric population is also fueling the market growth. According to the Population Reference Bureau in 2016, the number of Americans aged 65 and older is projected to reach 98 million by 2060. On the other hand, stringent government rules for the approval of bone wax and the availability of alternatives for bone wax may hinder the growth of the market during the forecast period.
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Competitive Vendors:
Some of the key players in the global bone wax market are ABYRX Inc., Wound Management Technologies Inc., Aesculap Inc., Ethicon Inc., Medtronic plc, Baxter International, Medline Industries Inc., Futura Surgicare Pvt. Ltd., CP Medical Corp., Bentley Healthcare Pvt. Ltd., WNDM Medical Inc., GPC Medical Ltd., and others.
Segmentation:
The global bone wax market has been segmented into product, material, application, and end user.
The market, on the basis of product, has been segmented into absorbable bone wax and non-absorbable bone wax.
The market, by material, has been segmented into natural bone wax and synthetic bone wax.
The market, by applications, has been segmented into neurosurgery, orthopedic surgery, thoracic surgery, oral surgery, and others.
The market, by end-users, has been segmented into hospitals, specialty clinics, ambulatory surgical centers, and others.
Regional Analysis:
The market in the Americas is expected to dominate the global bone wax market during the forecast period owing to the increasing awareness among the people regarding bone wax and rising orthopedic surgeries. The European market is expected to be the second-largest due to government funding and support of the healthcare sector, increasing prevalence of bone diseases, and growing number of accident and injuries. According to the Arthritis Research UK in 2016, around 10 million people in the UK had a form of arthritis. Moreover, the market in Asia-Pacific region is anticipated to be the fastest-growing during the assessment period owing to the increasing awareness about surgical procedures requiring bone wax, increasing geriatric population, and rising healthcare expenditure. The market in the Middle East & Africa is likely to account for the smallest share of the global bone wax market due to the slowly growing healthcare infrastructure mainly in the African region.
Some Points from TOC of Bone Wax Market Research Report – Forecast to 2023:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
TOC CONTINUED….
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