New york, bone cement market was valued at USD 1,103 million in 2022 and it is anticipated to grow further till USD 1,920.2 million by 2032, at a CAGR of 5.7% during the forecast period.
Bone cement is used to fix prostheses to the bone in orthopedic musculoskeletal surgical procedures for osteoporosis, osteoarthritis, rheumatoid arthritis, traumatic arthritis, vascular necrosis, severe joint destruction secondary to trauma, collagen disease, and revision of previous arthroplasty procedures.
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Market Trends and Drivers
According to estimates supplied by the World Health Organization, the worldwide population aged 85 or more will increase by 351% over the next 40 years, placing an increased load on healthcare institutions around the world. According to a study published in the Osteoporosis International Journal, 158 million Americans age 50 or over are at a high risk of suffering a bone fracture. The study also predicted that by 2040, the prevalence would double. A significant market-driving factor for orthopedic bone cement and casting materials has been the growing incidence of osteoporosis worldwide. Forearm fractures are the most common type of fracture and affect 1.7 million persons worldwide. According to the International Osteoporosis Foundation, osteoporosis affects more than 75 million individuals in Europe, the United States, and Japan, and is believed to be the cause of 8.9 million fractures per year. According to projections, the market for orthopaedic bone cement and casting materials will expand significantly as the incidence of bone fractures rises in both developed and developing nations.
Major Players in the Global Bone Cement Market
The key players studied in the report are DePuy Synthes, Zimmer Biomet, Stryker, Smith & Nephew, DJO Global, Arthrex, Inc., Tecres, Heraeus Holding, Teknimed, and Osteopoeriss LLC among others.
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COVID-19 Impact
Following the COVID-19 virus outbreak in December 2019, the World Health Organization (WHO) declared the coronavirus illness 2019 (COVID-19) to be a pandemic. Since then, the epidemic has expanded to almost every country in the world. The populace has become increasingly confined to their houses and has cut back on their travel, which has a negative or good effect on the market as a whole. The paper further evaluates the existing and potential consequences of the COVID-19 pandemic on the broader market, providing more accurate and true estimates in accordance with the state of the market. The entire world is suffering due to the coronavirus outbreak. Almost all nations have implemented strong social segregation policies, including lockdowns. Supply chains have been disrupted as a result. Common systems have been altered by the pandemic.
Global Bone Cement Market Segmentation
By Type
- Polymethyl Methacrylate (PMMA) Cement
- Calcium Phosphate Cement (CPC)
- Glass Polyalkenoate Cement (GPC)
By Application
- Arthroplasty
- Kyphoplasty
- Vertebroplasty
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By End User
- Hospitals
- Ambulatory Surgery Centers
- Clinics
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