The Global Bone Glue Market was valued at US$ 1,648.3 million in 2015 and is projected to expand at a CAGR of 6.3% during the forecast period (2016–2024), as highlighted in a new report published by Coherent Market Insights. Growing incidence of fractures and rapidly aging population are expected to be major factors driving growth of the global bone glue market over the foreseeable future.
Each year, an estimated 1.5 million people suffer from bone fracture, which leads to bone diseases. Fractures are the most common musculoskeletal medical condition, which accounts for a high number of hospitalization cases. Nearly one-third of bone disorder patients are admitted in hospitals or private day care centers. Thanks to the use of certain advanced bone glue products that are highly effective in treating minor fractures, a substantial number of people who suffer from fractures do not require any hospitalization.
Bone density decreases with age, often leading to bone disorders among people over 60 years of age. According to WHO, bones become especially fragile in elderly women. Approximately, 1 in 4 women, i.e. around 24% of women aged 50 or older suffer from falls each year, as compared to nearly half of women aged 85 years and above. In many instances most of the falls lead to fracture, out of which 35-40% of bone fractures are healed or joined with the use of bone glue.
To know the latest trends and insights prevalent in the Bone Glue Market, click the link below:
Rising prevalence of musculoskeletal, is increasing the burden on patients and the overall healthcare system. Medical conditions such as osteoarthritis, rheumatoid arthritis, osteoporosis, and low back pain, which are closely associated with musculoskeletal condition, account for a significant portion of the global healthcare burden. Osteoarthritis is characterized by cartilage joint damage, which leads to severe pain and mobility, mainly in the knees and hip joints. According to WHO and United Nations, osteoarthritis affects 9.6% of males and 18% of females aged 60 years and above. Increasing life expectancy and rapidly aging population are major factors fueling incidence of osteoarthritis. It is projected to be the fourth-largest cause of disability by 2020. These factors in turn, are expected to boost demand for bone glue, thus fuelling growth of the bone glue market. Growing number of joint replacement surgeries helping people overcome pain due to rheumatoid arthritis are also driving growth of the bone glue market. Rheumatoid arthritis causes inflammation of the joints and usually affects multiple joints, affecting 0.3–1.0% of global population and high prevalence among women in developed regions. This creates highly lucrative growth opportunities for players in the global bone glue market.
Key takeaways of the bone glue market:
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Coherent Market Insights
1001 4th Ave,
Seattle, WA 98154
Email: [email protected]
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154
Talk to our research consultant to design an exclusive report as per your research needs.
We aim to fulfil client's research demands with tailored research solutions.
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
We strive to provide most accurate and reliable research findings in our research reports.