Rising Number of Orthopedic Procedures Leads Extensive Usage of Bone Wax across Globe

Published Date : Jun 28, 2018

Albany, New York, June 28, 2018: MarketResearchReports.biz recently added a new research report to its vast repository. The research report, titled “Bone Wax Market - Global Industry Analysis, Size, Share, Growth, Trends, & Forecast 2018 - 2026”, is an outstanding reports of the strengths, weaknesses, opportunities, and treats impacting the overall market. Analysts have studied the historical developments in the global bone wax market and compared them to the current market scenario to ascertain the path the overall market is likely to take. The research report also includes segmentation to evaluate the cross-sectional dynamics.

The demand for bone wax is expected to rise with the rise in the number of surgical interventions. Bone wax is used for achieving mechanical hemostasis in bones. Thus, the soaring number of orthopedic surgeries, thoracic surgeries, neurosurgeries, dental procedures, traumatology, and oral and jaw surgeries are expected to improve the sales of bone wax. Increasing incidences in accidental fractures with rise in the number of automobile drivers and amplifying participation in sports are expected to work in the favor of global bone wax market.

On the basis of application, the global bone wax market is segmented into orthopedic surgery, neurosurgery, dental/oral surgery, thoracic surgery, and others. Out of these, the orthopedic segment is projected to a leading share in the global bone wax. This trend will be attributable to the rising incidences of musculoskeletal trauma, degenerative diseases, tumors, infections, sports injuries, and congenital diseases amongst others. Bone wax is a preferred choice amongst orthopedic surgeons as it lends a hemostatic character to stop bone from bleeding.

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In terms of geography, the global bone wax market is segmented into Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa. Out of these, North America is expected to lead the global market with the U.S. dominating the regional market. Higher rate of awareness amongst people and better healthcare facilities across North America are expected to give the regional market a massive impetus. Better insurance schemes and availability of a wide range of products in the North America bone wax market are also projected to have a positive influence on the regional market.

The leading companies defining the competitive landscape of the global bone wax market are Medline Industries, Inc., Baxter International, ABYRX, INC., B. Braun Melsungen AG, Ethicon, Inc. (Johnson & Johnson), and Covidien plc. (Medtronic plc.). The research report provides a detailed understanding of the nature of the competitive landscape, financial outlooks, and business and marketing strategies. The research report also includes an explanation of the threats to the existing players and opportunities for the new entrants. Market attractiveness has been explained with the help of Porter’s five forces reports, which offers an accurate understanding of the overall market.

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