Bone Wax Market Research Report – Forecast to 2027

Bone Wax Market Research Report: By Product (Absorbable Bone Wax, Non-Absorbable Bone Wax), Material (Natural Bone Wax, Synthetic Bone Wax), Application (Neurosurgery, Orthopedic Surgery, Orthopedic Surgery, Others), End-User – Forecast Till 2027

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

Bone Wax Market Scenario


The 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 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 bone wax 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 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 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.


Bone Wax Market, by Product



  • Absorbable Bone Wax

  • Non-Absorbable Bone Wax


Bone Wax Market, by Material



  • Natural Bone Wax

  • Synthetic Bone Wax


Bone Wax Market, by Application



  • Neurosurgery

  • Orthopedic Surgery

  • Thoracic Surgery

  • Oral Surgery

  • Others


Bone Wax Market, by End-User



  • Hospitals

  • Specialty Clinics

  • Ambulatory Surgical Centers

  • Others


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



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   3.5% (2018-2023)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Product, Material, Application, and End-user.
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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
  Key Market Opportunities   New product launches and R&D Amongst major key Players
  Key Market Drivers

  • Increasing number of surgical procedures
  • Rising geriatric population
  • Growing use of absorbable bone wax products


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    Frequently Asked Questions (FAQ) :


    The bone wax market has a predicted CAGR of 3.5% during the forecast period of 2020-2027.

    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, 2020–2027

    Market Estimates & Forecast, by Country, 2020–2027

    6.3 Non-Absorbable Bone Wax

    Market Estimates & Forecast, by Region, 2020–2027

    Market Estimates & Forecast, by Country, 2020–2027

    Chapter 7. Global Bone Wax Market, by Material

    7.1 Introduction

    7.2 Natural Bone Wax

    Market Estimates & Forecast, by Region, 2020–2027

    Market Estimates & Forecast, by Country, 2020–2027

    7.3 Synthetic Bone Wax

    Market Estimates & Forecast, by Region, 2020–2027

    Market Estimates & Forecast, by Country, 2020–2027

    Chapter 8. Global Bone Wax Market, by Application

    8.1 Introduction

    8.2 Neurosurgery

    Market Estimates & Forecast, by Region, 2020–2027

    Market Estimates & Forecast, by Country, 2020–2027

    8.3 Orthopedic Surgery

    Market Estimates & Forecast, by Region, 2020–2027

    Market Estimates & Forecast, by Country, 2020–2027

    8.4 Thoracic Surgery

    Market Estimates & Forecast, by Region, 2020–2027

    Market Estimates & Forecast, by Country, 2020–2027

    8.5 Oral Surgery

    Market Estimates & Forecast, by Region, 2020–2027

    Market Estimates & Forecast, by Country, 2020–2027

    8.6 Others

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

    9.1 Introduction

    9.2 Hospitals

    Market Estimates & Forecast, by Region, 2020–2027

    Market Estimates & Forecast, by Country, 2020–2027

    9.3 Specialty Clinics

    Market Estimates & Forecast, by Region, 2020–2027

    Market Estimates & Forecast, by Country, 2020–2027

    9.4 Ambulatory Surgical Centers

    Market Estimates & Forecast, by Region, 2020–2027

    Market Estimates & Forecast, by Country, 2020–2027

    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, 2020–2027

    Table 2 Global Bone Wax Market Estimates and Forecast, 2020–2027

    (USD Million)

    Table 3 Global Bone Wax Market, by Region, 2020–2027 (USD Million)

    Table 4 Global Bone Wax Market, by Product, 2020–2027 (USD Million)

    Table 5 Global Bone Wax Market, by Material, 2020–2027 (USD Million)

    Table 6 Global Bone Wax Market, by Application, 2020–2027(USD Million)

    Table 7 Global Bone Wax Market, by End-User, 2020–2027 (USD Million)

    Table 8 North America: Global Bone Wax Market, by Product, 2020–2027 (USD

    Million)

    Table 9 North America: Global Bone Wax Market, by Material, 2020–2027 (USD

    Million)

    Table 10 North America: Global Bone Wax Market, by Application, 2020–2027 (USD

    Million)

    Table 11 North America: Global Bone Wax Market, by End-User, 2020–2027 (USD

    Million)

    Table 12 US: Global Bone Wax Market, by Product, 2020–2027 (USD Million)

    Table 13 US: Global Bone Wax Market, by Material, 2020–2027 (USD Million)

    Table 14 US: Global Bone Wax Market, by Application, 2020–2027 (USD Million)

    Table 15 US: Global Bone Wax Market, by End-User, 2020–2027 (USD Million)

    Table 16 Canada: Global Bone Wax Market, by Product, 2020–2027 (USD Million)

    Table 17 Canada: Global Bone Wax Market, by Material, 2020–2027 (USD Million)

    Table 18 Canada: Global Bone Wax Market, by Application, 2020–2027 (USD

    Million)

    Table 19 Canada: Global Bone Wax Market, by End-User, 2020–2027 (USD

    Million)

    Table 20 South America: Global Bone Wax Market, by Product, 2020–2027 (USD

    Million)

    Table 21 South America: Global Bone Wax Market, by Material, 2020–2027 (USD

    Million)

    Table 22 South America: Global Bone Wax Market, by Application, 2020–2027

    (USD Million)

    Table 23 South America: Global Bone Wax Market, by End-User, 2020–2027 (USD

    Million)

    Table 24 Europe: Global Bone Wax Market, by Product, 2020–2027 (USD Million)

    Table 25 Europe: Global Bone Wax Market, by Material, 2020–2027 (USD Million)

    Table 26 Europe: Global Bone Wax Market, by Application, 2020–2027 (USD

    Million)

    Table 27 Europe: Global Bone Wax Market, by End-User, 2020–2027 (USD Million)

    Table 28 Western Europe: Global Bone Wax Market, by Product, 2020–2027

    (USD Million)

    Table 30 Western Europe: Global Bone Wax Market, by Material, 2020–2027

    (USD Million)

    Table 31 Western Europe: Global Bone Wax Market, by Application, 2020–2027

    (USD Million)

    Table 32 Western Europe: Global Bone Wax Market, by End-User, 2020–2027

    (USD Million)

    Table 33 Eastern Europe: Global Bone Wax Market, by Product, 2020–2027

    (USD Million)

    Table 34 Eastern Europe: Global Bone Wax Market, by Material, 2020–2027

    (USD Million)

    Table 35 Eastern Europe: Global Bone Wax Market, by Application, 2020–2027

    (USD Million)

    Table 36 Eastern Europe: Global Bone Wax Market, by End-User, 2020–2027

    (USD Million)

    Table 37 Asia-Pacific: Global Bone Wax Market, by Product, 2020–2027 (USD

    Million)

    Table 38 Asia-Pacific: Global Bone Wax Market, by Material, 2020–2027 (USD

    Million)

    Table 39 Asia-Pacific: Global Bone Wax Market, by Application, 2020–2027 (USD

    Million)

    Table 40 Asia-Pacific: Global Bone Wax Market, by End-User, 2020–2027 (USD

    Million)

    Table 41 Middle East & Africa: Global Bone Wax Market, by Product, 2020–2027

    (USD Million)

    Table 42 Middle East & Africa: Global Bone Wax Market, by Material, 2020–2027

    (USD Million)

    Table 43 Middle East & Africa: Global Bone Wax Market, by Application, 2020–2027

    (USD Million)

    Table 44 Middle East & Africa: Global Bone Wax Market, by End-User, 2020–2027

    (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, 2020

    Figure 5 Global Bone Wax Market Share, by Material, 2020

    Figure 6 Global Bone Wax Market Share, by Application, 2020

    Figure 7 Global Bone Wax Market Share, by End-User, 2020

    Figure 8 Global Bone Wax Market Share, by Region, 2020

    Figure 9 North America: Global Bone Wax Market Share, by Country, 2020

    Figure 10 Europe: Global Bone Wax Market Share, by Country, 2020

    Figure 11 Asia-Pacific: Global Bone Wax Market Share, by Country, 2020

    Figure 12 Middle East & Africa: Global Bone Wax Market Share, by Country, 2020

    Figure 13 Global Bone Wax Market: Company Share Analysis, 2020 (%)

    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