Bone Wax Market Trends

Growth Drivers

Rising Number of Surgical and Operating Room Procedure

An incrementing number of cases for surgical and operating room procedures coupled with an increasing case of incidence of orthopedic diseases, rising number of accidental fracture cases, and growing demand for minimally invasive surgical procedures are the major factors that are anticipated to propel the growth of the market. According to the American Joint Replacement Registry, around 1,61,040 joint replacement procedures took place in the US in 2016.

Challenges

Availability of Alternatives

Intense competition among key manufacturers for the development of alternatives for bone wax coupled with certain side-effects of bone wax is estimated to hinder the growth of the market over the forecast years.

Bone Wax Market: Key Insights

Base Year	2023
Forecast Year	2024–2036
CAGR	3.2%
Base Year Market Size (2023)	USD 95.26 million
Forecast Year Market Size (2036)	USD 63.25 million
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of bone wax is estimated at USD 64.87 million.

Bone Wax Market size was over USD 63.25 million in 2023 and is anticipated to cross USD 95.26 million by 2036, witnessing more than 3.2% CAGR during the forecast period i.e., between 2024-2036.

North America industry is predicted to account for largest revenue share by 2036, owing to increasing awareness about surgical procedures coupled with reimbursement policy by health authoritycoupled with the awareness among people and higher prices of products.

The major players in the market are B. Braun Melsungen AG, Ethicon, Inc. (Johnson & Johnson), Medtronic plc., Baxter International, Medline Industries, Inc., GPC Medical Ltd., Bentley Healthcare Pvt. Ltd, CP Medical Corp., Aesculap, Inc., and others.

Bone Wax Market Trends