Bone Wax Market Research Report – Forecast to 2023

Global Bone Wax Research Report: By Product (Absorbable Bone Wax, Non-Absorbable Bone Wax), by Material (Natural Bone Wax, Synthetic Bone Wax), by application (Neurosurgery, Orthopedic Surgery, Orthopedic Surgery, Others), by End-User – Forecast Till 2023

ID: MRFR/Pharma/5001-HCR | February 2021 | Region: Global | 100 pages

Market Scenario


The global bone wax market is expected to grow at a CAGR of 3.5% over the forecast period. Bone wax is a sterile substance used to help to mechanically control bleeding from bone surfaces during surgical procedures. It is generally a mixture of beeswax (70%) and Vaseline (30%) to stop bleeding in the bones. Bone wax can achieve local hemostasis of bone by acting as a mechanical barrier. In addition, the bone wax is used for the mechanical hemostasis in bones in thoracic surgery, neurosurgery, orthopedics and traumatology, dental, oral and jaw surgery. The factors such as increasing number of surgical procedures mainly due to orthopedic diseases and accidental fracture cases, rising geriatric population, and growing use of absorbable bone wax products are expected to fuel the growth of the market during over the assessment period. According to the American Joint Replacement Registry, around 1,61,040 joint replacement procedures took place in the US in 2016.


However, stringent government regulations and the development of alternatives for bone wax, and certain side effects of bone wax are some factors that can hamper the growth of the market.


Segmentation


The global bone wax market has been segmented into product, material, application, and end-user.


The market, on the basis of product, is 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 application, has been segmented into neurosurgery, orthopedic surgery, thoracic surgery, oral surgery, and others.


On the basis of end-user, the market has been segmented into hospitals, clinical laboratories, and others.


The market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The bone wax market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.


The European bone wax market has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. 


The bone wax market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The bone wax market in the Middle East & Africa has been segmented into the Middle East and Africa.


Key players


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., WNDW Medical Inc., GPC Medical Ltd., and others are some prominent players in the market.


Regional Market Summary


Global Bone Wax Market Share (%), by Region, 2017


Bone Wax Market Share


Source: American Joint Replacement Registry, National Center for Biotechnology Information (NCBI), Annual reports


Geographically, the Americas is anticipated to dominate the global bone wax market owing to a well-developed healthcare sector, rising number of surgeries, steady growing occurrence of orthopedic diseases, growing number of surgeries and relatively large number of research and development activities. According to an article published by the National Center for Biotechnology Information (NCBI) in 2016, osteoarthritis (OA) is affecting an estimated 12% of the US adults in the age group 25 to 74 years.


Europe is expected to hold the second largest position in the global bone wax market. The market growth in this region is attributed to the rising prevalence of orthopedic disease, increasing occurrences of accidents and injuries, and increasing expenditure on the healthcare sector. According to the Eurostat, around 7.1 million in-patients with injuries, poisoning and other consequences such as accidents were discharged from hospitals in the European Union (EU) in 2015.


The bone wax market in Asia-Pacific region consists of countries namely China, Japan, Republic of Korea, India, Australia and Rest of Asia-Pacific. Asia-Pacific is anticipated to be the fastest growing region in the market due to continuously developing economies, rising prevalence of bone diseases, an increasing number of geriatric populations, and increasing government funding for the healthcare sector. According to the report by the United Nations Department of Economic and Social Affairs, in India, the number of older persons is projected to grow by 64% between the years 2015 and 2030. It also projected that the number of older persons in China is projected to grow by 71% over the same period.


On the other hand, the Middle East & Africa has the least share of the market. Majority of the market of this region is expected to be held by the Middle East region due to a well-developed healthcare sector, and the growing prevalence of bone disorders and growing government initiatives for the healthcare sector.


Global Bone Wax Market, by Product



  • Absorbable Bone Wax

  • Non-Absorbable Bone Wax


Global Bone Wax Market, by Material



  • Natural Bone Wax

  • Synthetic Bone Wax


Global Bone Wax Market, by Application



  • Neurosurgery

  • Orthopedic Surgery

  • Thoracic Surgery

  • Oral Surgery

  • Others


Global Bone Wax Market, by End-User



  • Hospitals

  • Specialty Clinics

  • Ambulatory Surgical Centers

  • Others


Global Bone Wax Market, by Region



  • Americas



  • North America

  • US

  • Canada

  • South America



  • Europe



  • Western Europe

  • Germany

  • France

  • Italy

  • Spain

  • UK

  • Rest of Western Europe

  • Eastern Europe



  • Asia-Pacific



  • Japan

  • China

  • India

  • Australia

  • South Korea

  • Rest of Asia-Pacific



  • The Middle East & Africa

  • Middle East

  • Africa


Intended Audience



  • Manufacturers of Bone wax

  • Bone Wax Distributors

  • Contract Research Organization

  • Healthcare Institutions

  • Research Associations Related to Bone-Related Medical Conditions

  • Academic Institutes and Universities



Frequently Asked Questions (FAQ) :


The bone wax market has a predicted CAGR of 3.5% during the forecast period of 2018 to 2023.

The hurdles are strict regulations, availability of better alternatives, and side-effects that can deter the bone wax market growth.

Bone wax market has key players like Aesculap, Inc., Ethicon, Inc., GPC Medical Ltd., Medtronic Plc, ABYRX, Inc., Wound Management Technologies, Inc., Medline Industries, Inc., Baxter International, CP Medical Corp., Futura Surgicare Pvt. Ltd., WNDW Medical Inc., Bentley Healthcare Pvt. Ltd., and others.

The Americas would lead the global market.

Table of Contents:

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

5.1 Porter’s Five Forces Analysis

5.1.1 Bargaining Power of Suppliers

5.1.2 Bargaining Power of Buyers

5.1.3 Threat of New Entrants

5.1.4 Threat of Substitutes

5.1.5 Intensity of Rivalry

5.2 Value Chain Analysis

5.3 Investment Feasibility Analysis

5.4 Pricing Analysis

Chapter 6. Global Bone Wax Market, by Product

6.1 Introduction

6.2 Absorbable Bone Wax

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

6.3 Non-Absorbable Bone Wax

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

Chapter 7. Global Bone Wax Market, by Material

7.1 Introduction

7.2 Natural Bone Wax

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

7.3 Synthetic Bone Wax

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

Chapter 8. Global Bone Wax Market, by Application

8.1 Introduction

8.2 Neurosurgery

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

8.3 Orthopedic Surgery

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

8.4 Thoracic Surgery

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

8.5 Oral Surgery

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

8.6 Others

Chapter 9. Global Bone Wax Market, by End-User

9.1 Introduction

9.2 Hospitals

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

9.3 Specialty Clinics

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

9.4 Ambulatory Surgical Centers

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

9.5 Others

Chapter 10. Global Bone Wax Market, by Region

10.1 Introduction

10.2 Americas

10.2.1 North America

10.2.1.1 US

10.2.1.2 Canada

10.2.2 South America

10.3 Europe

10.3.1 Western Europe

10.3.1.1 Germany

10.3.1.2 France

10.3.1.3 Italy

10.3.1.4 Spain

10.3.1.5 UK

10.3.1.6 Rest of Western Europe

10.3.2 Eastern Europe

10.4 Asia-Pacific

10.4.1 Japan

10.4.2 China

10.4.3 India

10.4.4 Australia

10.4.5 South Korea

10.4.6 Rest of Asia-Pacific

10.5 Middle East & Africa

10.5.1 Middle East

10.5.2 Africa

Chapter 11. Company Landscape

11.1 Introduction

11.2 Market Share Analysis

11.3 Key Development & Strategies

Chapter 12. Company Profiles

12.1 ABYRX, Inc.

12.1.1 Company Overview

12.1.2 Product Overview

12.1.3 Financials Overview

12.1.4 Key Developments

12.1.5 SWOT Analysis

12.2 Wound Management Technologies, Inc.

12.2.1 Company Overview

12.2.2 Product Overview

12.2.3 Financial Overview

12.2.4 Key Developments

12.2.5 SWOT Analysis

12.3 Aesculap, Inc.

12.3.1 Company Overview

12.3.2 Product Overview

12.3.3 Financial Overview

12.3.4 Key Development

12.3.5 SWOT Analysis

12.4 Ethicon, Inc.

12.4.1 Company Overview

12.4.2 Product Overview

12.4.3 Financial Overview

12.4.4 Key Development

12.4.5 SWOT Analysis

12.5 Medtronic Plc

12.5.1 Company Overview

12.5.2 Product Overview

12.5.3 Financial overview

12.5.4 Key Developments

12.5.5 SWOT Analysis

12.6 Baxter International

12.6.1 Company Overview

12.6.2 Product Overview

12.6.3 Financial Overview

12.6.4 Key Developments

12.6.5 SWOT Analysis

12.7 Medline Industries, Inc.

12.7.1 Overview

12.7.2 Product Overview

12.7.3 Financial Overview

12.7.4 Key Developments

12.7.5 SWOT Analysis

12.8 Futura Surgicare Pvt Ltd.

12.8.1 Overview

12.8.2 Product Overview

12.8.3 Financials

12.8.4 Key Developments

12.8.5 SWOT Analysis

12.9 CP Medical Corp.

12.9.1 Overview

12.9.2 Product Overview

12.9.3 Financials

12.9.4 Key Developments

12.9.5 SWOT Analysis

12.10 Bentley Healthcare Pvt. Ltd.

12.10.1 Overview

12.10.2 Product Overview

12.10.3 Financials

12.10.4 Key Developments

12.10.5 SWOT Analysis

12.11 WNDM Medical Inc.

12.11.1 Overview

12.11.2 Product Overview

12.11.3 Financials

12.11.4 Key Developments

12.11.5 SWOT Analysis

12.12 GPC Medical Ltd.

12.12.1 Overview

12.12.2 Product Overview

12.12.3 Financials

12.12.4 Key Developments

12.12.5 SWOT Analysis

12.13 Others

Chapter 13 MRFR Conclusion

13.1 Key Findings

13.1.1 From CEO’s Viewpoint

13.1.2 Unmet Needs of the Market

13.2 Key Companies to Watch

13.3 Predictions for the Bone Wax Industry

Chapter 14. Appendix

LIST OF TABLES

Table 1 Global Bone Wax Market Synopsis, 2018–2023

Table 2 Global Bone Wax Market Estimates and Forecast, 2018–2023

(USD Million)

Table 3 Global Bone Wax Market, by Region, 2018–2023 (USD Million)

Table 4 Global Bone Wax Market, by Product, 2018–2023 (USD Million)

Table 5 Global Bone Wax Market, by Material, 2018–2023 (USD Million)

Table 6 Global Bone Wax Market, by Application, 2018–2023(USD Million)

Table 7 Global Bone Wax Market, by End-User, 2018–2023 (USD Million)

Table 8 North America: Global Bone Wax Market, by Product, 2018–2023 (USD

Million)

Table 9 North America: Global Bone Wax Market, by Material, 2018–2023 (USD

Million)

Table 10 North America: Global Bone Wax Market, by Application, 2018–2023 (USD

Million)

Table 11 North America: Global Bone Wax Market, by End-User, 2018–2023 (USD

Million)

Table 12 US: Global Bone Wax Market, by Product, 2018–2023 (USD Million)

Table 13 US: Global Bone Wax Market, by Material, 2018–2023 (USD Million)

Table 14 US: Global Bone Wax Market, by Application, 2018–2023 (USD Million)

Table 15 US: Global Bone Wax Market, by End-User, 2018–2023 (USD Million)

Table 16 Canada: Global Bone Wax Market, by Product, 2018–2023 (USD Million)

Table 17 Canada: Global Bone Wax Market, by Material, 2018–2023 (USD Million)

Table 18 Canada: Global Bone Wax Market, by Application, 2018–2023 (USD

Million)

Table 19 Canada: Global Bone Wax Market, by End-User, 2018–2023 (USD

Million)

Table 20 South America: Global Bone Wax Market, by Product, 2018–2023 (USD

Million)

Table 21 South America: Global Bone Wax Market, by Material, 2018–2023 (USD

Million)

Table 22 South America: Global Bone Wax Market, by Application, 2018–2023

(USD Million)

Table 23 South America: Global Bone Wax Market, by End-User, 2018–2023 (USD

Million)

Table 24 Europe: Global Bone Wax Market, by Product, 2018–2023 (USD Million)

Table 25 Europe: Global Bone Wax Market, by Material, 2018–2023 (USD Million)

Table 26 Europe: Global Bone Wax Market, by Application, 2018–2023 (USD

Million)

Table 27 Europe: Global Bone Wax Market, by End-User, 2018–2023 (USD Million)

Table 28 Western Europe: Global Bone Wax Market, by Product, 2018–2023

(USD Million)

Table 30 Western Europe: Global Bone Wax Market, by Material, 2018–2023

(USD Million)

Table 31 Western Europe: Global Bone Wax Market, by Application, 2018–2023

(USD Million)

Table 32 Western Europe: Global Bone Wax Market, by End-User, 2018–2023

(USD Million)

Table 33 Eastern Europe: Global Bone Wax Market, by Product, 2018–2023

(USD Million)

Table 34 Eastern Europe: Global Bone Wax Market, by Material, 2018–2023

(USD Million)

Table 35 Eastern Europe: Global Bone Wax Market, by Application, 2018–2023

(USD Million)

Table 36 Eastern Europe: Global Bone Wax Market, by End-User, 2018–2023

(USD Million)

Table 37 Asia-Pacific: Global Bone Wax Market, by Product, 2018–2023 (USD

Million)

Table 38 Asia-Pacific: Global Bone Wax Market, by Material, 2018–2023 (USD

Million)

Table 39 Asia-Pacific: Global Bone Wax Market, by Application, 2018–2023 (USD

Million)

Table 40 Asia-Pacific: Global Bone Wax Market, by End-User, 2018–2023 (USD

Million)

Table 41 Middle East & Africa: Global Bone Wax Market, by Product, 2018–2023

(USD Million)

Table 42 Middle East & Africa: Global Bone Wax Market, by Material, 2018–2023

(USD Million)

Table 43 Middle East & Africa: Global Bone Wax Market, by Application, 2018–2023

(USD Million)

Table 44 Middle East & Africa: Global Bone Wax Market, by End-User, 2018–2023

(USD Million)


LIST OF FIGURES

Figure 1 Research Process

Figure 2 Segmentation for Global Bone Wax Market

Figure 3 Segmentation Market Dynamics for Global Bone Wax Market

Figure 4 Global Bone Wax Market Share, by Product, 2017

Figure 5 Global Bone Wax Market Share, by Material, 2017

Figure 6 Global Bone Wax Market Share, by Application, 2017

Figure 7 Global Bone Wax Market Share, by End-User, 2017

Figure 8 Global Bone Wax Market Share, by Region, 2017

Figure 9 North America: Global Bone Wax Market Share, by Country, 2017

Figure 10 Europe: Global Bone Wax Market Share, by Country, 2017

Figure 11 Asia-Pacific: Global Bone Wax Market Share, by Country, 2017

Figure 12 Middle East & Africa: Global Bone Wax Market Share, by Country, 2017

Figure 13 Global Bone Wax Market: Company Share Analysis, 2017 (%)

Figure 14 ABYRX, Inc.: Key Financials

Figure 15 ABYRX, Inc.: Segmental Revenue

Figure 16 ABYRX, Inc.: Geographical Revenue

Figure 17 Wound Management Technologies, Inc.: Key Financials

Figure 18 Wound Management Technologies, Inc.: Segmental Revenue

Figure 19 Wound Management Technologies, Inc.: Geographical Revenue

Figure 20 Aesculap, Inc.: Key Financials

Figure 21 Aesculap, Inc.: Segmental Revenue

Figure 22 Aesculap, Inc.: Geographical Revenue

Figure 23 Ethicon, Inc. : Key Financials

Figure 24 Ethicon, Inc.: Segmental Revenue

Figure 25 Ethicon, Inc. : Geographical Revenue

Figure 26 Medtronic Plc: Key Financials

Figure 27 Medtronic Plc: Segmental Revenue

Figure 28 Medtronic Plc. Geographical Revenue

Figure 29 Baxter International: Key Financials

Figure 30 Baxter International: Segmental Revenue

Figure 31 Baxter International: Geographical Revenue

Figure 32 Medline Industries, Inc.: Key Financials

Figure 33 Medline Industries, Inc.: Segmental Revenue

Figure 34 Medline Industries, Inc.: Geographical Revenue

Figure 35 Futura Surgicare Pvt Ltd.: Key Financials

Figure 36 Futura Surgicare Pvt Ltd.: Segmental Revenue

Figure 37 Futura Surgicare Pvt Ltd.: Geographical Revenue

Figure 38 CP Medical Corp.: Key Financials

Figure 39 CP Medical Corp.: Segmental Revenue

Figure 40 CP Medical Corp.: Geographical Revenue

Figure 41 Bentley Healthcare Pvt. Ltd.: Key Financials

Figure 42 Bentley Healthcare Pvt. Ltd.: Segmental Revenue

Figure 43 Bentley Healthcare Pvt. Ltd.: Geographical Revenue

Figure 44 WNDM Medical Inc.: Key Financials

Figure 45 WNDM Medical Inc.: Segmental Revenue

Figure 46 WNDM Medical Inc.: Geographical Revenue

Figure 47 GPC Medical Ltd.: Key Financials

Figure 48 GPC Medical Ltd.: Segmental Revenue

Figure 49 GPC Medical Ltd.: Geographical Revenue