Albany, New York, July 23, 2018: The number of surgical procedures has been rising since the past few years, this, as a result, has created massive demand for bone wax in hospitals and surgical centers. According to the findings of the latest study, usage of bone wax products in orthopedic neurosurgery procedures across the globe is predicted to boost the growth of the bone wax market steadily. To elaborate further, Market Research Reports Search Engine (MRRSE) has broadcasted this study titled “Bone Wax Market– Global Industry Analysis, Size, Share, Growth, Trends, & Forecast 2018 – 2026” to its online repository, which talks about the current and forecasted status of the bone wax market on the global, regional, and country levels.
The geographical scenario of the market has been offered to the readers in order to provide a clear overview of the market and to understand market spread in major regions of the world. Prime regions underlined in the study include North America, Middle East and Africa, Asia Pacific, Latin America, and Europe. The market size and forecast for each of these regions has been provided for the period from 2016 to 2026. Moreover, historical year-on-year growth has been taken into consideration while estimating the market size.
Key Insights from the Report
The report begins with an executive summary that summarizes the entire content of the report in a few pages and contains market overview and market analysis. Bone wax is defined as, a sterile mixture of beeswax which controls bleeding of bone by blocking the holes and causing immediate bone hemostasis. In the present time, the global bone wax market is growing at a sluggish rate due to increasing penetration of substitute products, such as bone hemostatic agents in the market.
According to the key projections, the global bone wax market is projected to display CAGR of more than 2.3% from 2018 to 2026, to surpass the value of US$ 84.2 Mn by 2026. The market was valued at US$ 68.8 Mn in 2017. Several factors responsible for the rise in the orthopedic surgical procedures are rise in cases of orthopedic diseases and accidental fracture cases.
Moving further, the research study broadly categorizes bone wax market on the basis of product type, material type, application, and end-user. Based on product type, the study covers absorbable bone wax and non-absorbable bone wax. In terms of material, the bone wax market has been categorized into natural bone wax and synthetic bone wax. In terms of geography, the study finds that North America and Europe are anticipated to dominate the global bone wax market, driven by an increase in the number of surgical procedures, and innovations in bone wax product.
At last, the study profiles key players active in the bone wax market. They are ABYRX, INC., Ethicon, Inc. (Johnson & Johnson), GPC Medical Ltd., B. Braun Melsungen AG, Baxter International, Surgical Specialties Corporation, Medline Industries, Inc., Futura Surgicare Pvt Ltd., WNDM Medical Inc., Covidien plc. (Medtronic plc.), and Bentley Healthcare Pvt. Ltd.
Browse Full Global Bone Wax Market Report with TOC : https://www.mrrse.com/bone-wax-market
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