BONE GLUE MARKET: $1,032.9 MILLION BY 2024 (Orthopedics This Week)
Organic…not just for milk anymore! Patients want natural alternatives to conventional cements when it comes to surgery, say market watchers at Persistence Market Research, a New York firm providing market research reports and consulting services. These analysts indicate—in a December 21, 2016 news release— that “the global market for bone glue is currently valued at US$ 600.6 million, and is expected to reach US$ 1,032.9 million in revenues by the end of 2024.”
As indicated in the news release, “Their document, entitled, ‘Global Market Study on Bone Glue: Rising Adoption of Bone Glue for Orthopedic Surgeries Expected to Boost Demand for Bone Glue over the Forecast Period,’ has estimated that the global market for bone glue will register a CAGR [compound annual growth rate] of 7.0% during the assessment period of 2016-2024. Prevalence of bone related disorders continues to be on a rise, urging manufacturers to come up with advanced glues. Preference to bone glue remains higher for adhesion procedures in arthroplasty surgeries. By the end of 2024, the application of bone glue in arthroplasty surgeries is slated to sur...
