Bone Cement Market Size, Growth & Statistical Report from 2023 to 2030
The global bone cement market was valued at approximately USD 1 billion in 2022 and is expected to exhibit a notable Compound Annual Growth Rate (CAGR) of around 6% throughout the forecast period spanning from 2023 to 2030. This growth is attributed to various driving factors, including the escalating incidence of orthopedic conditions, an increasing demand for minimally invasive surgeries, technological advancements in bone cement formulations, the rising number of elderly individuals in the population, a surge in sports-related injuries and trauma cases, favorable reimbursement policies, and ongoing advancements in surgical techniques and implant designs.
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Market Trends:
- Increasing demand for joint replacement surgery: Joint replacement surgery is one of the most common orthopedic surgeries performed worldwide. The growing demand for joint replacement surgery is driving the demand for bone cement, which is used to secure the prosthetic joint to the bone.
- Rising prevalence of osteoporosis: Osteoporosis is a condition that weakens bones and makes them more likely to fracture. The rising prevalence of osteoporosis is leading to an increase in the number of fracture repair surgeries, which is driving the demand for bone cement.
- Growing demand for minimally invasive surgeries: Minimally invasive surgeries are becoming increasingly popular due to their lower risk of complications and shorter recovery time. Bone cement is used in some minimally invasive orthopedic surgeries, such as vertebroplasty and kyphoplasty.
- Advancements in bone cement technology: Bone cement manufacturers are continuously developing new and improved bone cements. For example, some manufacturers are developing bone cements that are more durable, less likely to cause allergic reactions, and easier to use.
According to the recent report published by RC Market Analytics, the Global Bone Cement Market is expected to provide sustainable growth opportunities during the forecast period from 2023 to 2030. This latest industry research study analyzes the bone cement market by various product segments, applications, regions and countries while assessing regional performances of numerous leading market participants. The report offers a holistic view of the bone cement industry encompassing numerous stakeholders including raw material suppliers, providers, distributors, consumers and government agencies, among others. Furthermore, the report includes detailed quantitative and qualitative analysis of the global market considering market history, product development, regional dynamics, competitive landscape, and key success factors (KSFs) in the industry.
Browse the Full Report Discretion of Global Bone Cement Market
Geographically, the bone cement market report comprises dedicated sections centering on the regional market revenue and trends. The bone cement market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Bone cement market estimates have also been provided for the historical years 2020 & 2021 along with forecast for the period from 2023 – 2030.The report includes a deep-dive analysis of key countries including the U.S., Canada, the U.K., Germany, France, Italy, China, Japan, India, Australia, Mexico, Brazil and South Africa, among others. Thereby, the report identifies unique growth opportunities across the world based on trends occurring in various developed and developing economies.
The Bone Cement Market Segmentation:
By Type:
- PMMA Bone Cement
- Calcium Phosphate Cement
- Others
By Application:
- Arthroplasty
- Vertebroplasty and Kyphoplasty
- Dental Procedures
- Others
By End-User:
- Hospitals
- Ambulatory Surgical Centers
- Clinics
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Some of the major market players operating the global bone cement market are Stryker Corporation, Zimmer Biomet Holdings, Inc., DePuy Synthes (a subsidiary of Johnson & Johnson), DJO Global, Inc., Smith & Nephew plc, Heraeus Medical, Tecres S.p.A., Exactech, Inc., Medacta International, Braun Melsungen AG, Orthofix Holdings, Inc., and CryoLife, Inc.
Notable Product Launches:
Medtronic Launches the Medtronic Cement Mixing and Delivery System: Medtronic, a global medical technology company, launched a new bone cement mixing and delivery system designed to simplify and improve the bone cement mixing process during orthopedic procedures. The system aims to enhance precision, reduce variability, and provide better control over the cement delivery process.
Stryker Introduces the Cementless Mako Total Knee System: Stryker introduced a cementless total knee system as an alternative to traditional cemented knee implants. The system utilizes advanced materials and design features to achieve bone ingrowth and long-term stability without the need for bone cement, providing potential benefits for patients undergoing total knee replacement surgeries.
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Key Questions Answered by Bone Cement Market Report:
- Product popularity and adoption based on various country-level dynamics
- Regional presence and product development for leading market participants
- Market forecasts and trend analysis based on ongoing investments and economic growth in key countries
- Competitive landscape based on revenue, product offerings, years of presence, number of employees and market concentration, among others
- Various industry models such as SWOT analysis, Pestle Analysis, Porter’s Five Force model, Value Chain Analysis pertaining to Bone Cement market
- Analysis of the key factors driving and restraining the growth of the global, regional and country-level markets from 2020-2027
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