Stratview Research has published a new report titled “Bone Wax Market” which is segmented By Product (Absorbable Bone Wax, Non-absorbable Bone Wax), By End-Use (Specialty Clinics, Hospitals, Ambulatory Surgical Centers), and Region Asia-Pacific [China, Japan, India, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, and Others]).

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The market is bifurcated into various segments. Below given is the segment-wise analysis -

Based on product, the bone wax market has been classified into absorbable bone wax and non-absorbable bone wax. Under these, absorbable bone wax held the largest market share in 2020 and is likely to grow at a considered CAGR during the forecast period. This is mainly attributed to the ease of application, improved efficiency with their resorbable nature, safety that does not necessitate the removal, and lower chances of side effects along with patient compliance of the absorbable bone wax, which further bolsters the segment growth.

Which Region is expected to remain the largest market?

By region, the North American market held a significant market share in 2020 and is projected to grow at a healthy CAGR in the coming years. Rising demand for bone wax with strong adoption for minimally invasive surgical procedures in the region as well as growing awareness among people, favorable reimbursement and insurance plans, and higher prices of products, augments the regional market growth during the forecast timeline.

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