Bone Wax Market is expected to grow at CAGR of 3.5% over the forecast period 2019-2023

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Bone Wax Market is expected to grow at CAGR of
3.5 over the forecast period 2019-2023
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Bone Wax Market
Segmentation The global bone wax market has been
segmented into product, material, application,
and end user. The market, on the basis of
product, has been segmented into absorbable bone
wax and non-absorbable bone wax. The market, by
material, has been segmented into natural bone
wax and synthetic bone wax. The market, by
applications, has been segmented into
neurosurgery, orthopedic surgery, thoracic
surgery, oral surgery, and others. The market, by
end-users, has been segmented into hospitals,
specialty clinics, ambulatory surgical centers,
and others. Request For Sample Report
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Bone Wax Market
Market Highlights Bone wax is a mechanical
hemostat used in surgeries to stop bleeding. Bone
wax does not involve any pharmacological action.
It is basically a sterilized mixture of beeswax
and it consists of isopropyl palmitate, which is
a wax softening agent and is used to stop
bleeding from the bone surface. It is used in
surgical procedures like orthopedics, thoracic
surgery, neurosurgery, dental, oral,
traumatology, and jaw surgery. The rising number
of surgical procedures is a major booster which
drives the global bone wax market. Orthopedic
surgeries are increasing due to the rising
prevalence of orthopedic diseases, especially
osteoporosis and accidental fractures. Also, the
rising usage of absorbable bone wax products and
the growing geriatric population is also fueling
the market growth. According to the Population
Reference Bureau in 2016, the number of Americans
aged 65 and older is projected to reach 98
million by 2060. On the other hand, stringent
government rules for the approval of bone wax and
the availability of alternatives for bone wax may
hinder the growth of the market during the
forecast period. Get Discount _at_
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Bone Wax Market
Regional Analysis The market in the Americas is
expected to dominate the global bone wax market
during the forecast period owing to the
increasing awareness among the people regarding
bone wax and rising orthopedic surgeries. The
European market is expected to be the
second-largest due to government funding and
support of the healthcare sector, increasing
prevalence of bone diseases, and growing number
of accident and injuries. According to the
Arthritis Research UK in 2016, around 10 million
people in the UK had a form of arthritis.
Moreover, the market in Asia-Pacific region is
anticipated to be the fastest-growing during the
assessment period owing to the increasing
awareness about surgical procedures requiring
bone wax, increasing geriatric population, and
rising healthcare expenditure. The market in the
Middle East Africa is likely to account for the
smallest share of the global bone wax market due
to the slowly growing healthcare infrastructure
mainly in the African region.
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