Market Definition
The 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 Outlook
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.
Market Restraints and Challenges
Unfavorable insurance reimbursement scenarios, high costs, and onerous clinical data requirements for the introduction of new bone cements are the market growth inhibitors. Growth Opportunities in Emerging Economies are the opportunities, in contrast.
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Research Objectives
• Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
• Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
• Identify factors influencing market growth and challenges, opportunities, drivers and restraints
• Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
• Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
• Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
• To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
• Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Segmental Overview
The global bone cement market is segmented into type, application, end user, and region.
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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Research Scope
• Scope – Highlights, Trends, Insights. Attractiveness, Forecast
• Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
• Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
• Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
• Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
• Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
• Market Size in 2021 – US$ 1,103 Million
• Market Size in 2031 – US$ 1,9202.2 Million
• CAGR % – 5.7%
• Historic Period – 2016-2021
• Forecast Period – 2023-2032
• Base Year – 2022
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