The global bone wax market is expected to register high growth in the forecoming years. Major factors driving growth of the global bone wax markets are, increasing incidence of orthopedic diseases, and increasing number of accidental fracture across the globe. In addition, increasing health care expenditure, rising disposable income level, growing demand for minimal invasive surgery procedure, and awareness among people regarding healthcare management are the factors boosting the demand for bone wax.
The global bone wax market report has been segmented on the basis of product, material, application, end user, and region.
On the basis of product, the global bone wax market has been segmented into absorbable bone wax and non-absorbable bone wax.
On the basis of material, the global bone wax market has been segmented into natural bone wax and synthetic bone wax.
On the basis of application, the global bone wax market has been segmented into neurosurgery, orthopedic surgery, thoracic surgery, dental/oral surgery, and others.
On the basis of end user, the global bone wax market has been segmented into specialty clinics, hospitals, and ambulatory surgical centers. The ambulatory surgical center is expected to dominate the market, owing to high adoption rate of bone wax during surgical procedure or accidental cases to stop the bleeding of bones.
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On the basis of region, the global bone wax markets segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
In 2018, North America bone wax market is expected to account for major share in the global market in terms of revenue, and is expected to maintain its dominance over the forecast period, due to rising incidence of orthopedic diseases, availability of suitable reimbursement policies and continuous technological innovations by the manufacturers in the country in region. However, Asia Pacific bone wax market is projected to register highest CAGR in the next five years, due improving healthcare infrastructure and rising number of local bone wax manufacturers in the region.
Key players operating in the global bone wax market include ABYRX, INC., Ethicon, Inc. (Johnson & Johnson), B. Braun Melsungen AG, Covidien plc. (Medtronic plc.), Baxter International, Medline Industries, Inc., Futura Surgicare Pvt Ltd., GPC Medical Ltd., WNDM Medical Inc., and Surgical Specialties Corporation.