Market Definition
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.
Market Outlook
The bone cement market, valued at $1,103 million in 2022, is expected to reach $1,920.2 million by 2032, growing at a CAGR of 5.7%. Bone cement is used in orthopedic surgeries to attach prostheses to bones, especially in conditions like osteoporosis, arthritis, and trauma. The aging population and rising bone fractures are driving market growth, with osteoporosis being a major concern globally. However, challenges such as high costs, insurance reimbursement issues, and stringent clinical data requirements hinder growth. Key players include DePuy Synthes, Zimmer Biomet, Stryker, and Smith & Nephew.
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.
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.
Request Sample: https://www.globalinsightservices.com/request-sample/GIS10454/
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
Market Segmentation
The global bone cement market is segmented into type, application, end user, and region.
Global Bone Cement Market by Type
Based on the type, it is segmented into PMMA, CPC, and GPC. The PMMA segment is anticipated to dominate the market during the forecast period. The key factors such as their use for various orthopedic knee, hip, and spine implant fixation is likely to boost the growth of the market.
Global Bone Cement Market by Application
Based on the application, it is segmented into arthroplasty, kyphoplasty, and vertebroplasty. The arthroplasty segment is anticipated to dominate the market during the forecast period. The key factors such as rising number of knee surgeries owing to sports related injuries and accidents is boosting the growth of the market.
Global Bone Cement Market by End User
Based on the end user, it is segmented into hospitals, ambulatory surgery centers, and clinics. The hospitals segment is anticipated to dominate the market during the forecast period. The key factors such as rising number of orthopedic surgeries across the globe is boosting the growth of the market.
Geographical Analysis of the Global Bone Cement MarketRegion-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North American region is anticipated to dominate the market during the forecast period. Owing to the rising prevalence of arthritis and periodontal disease in the region the market is witnessing the fastest growth.
Major Players
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.
Request Discounted Pricing@ https://www.globalinsightservices.com/request-special-pricing/GIS10454/
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
Buy your copy here: https://www.globalinsightservices.com/checkout/single_user/GIS10454/
With Global Insight Services, you receive:
- 10-year forecast to help you make strategic decisions
- In-depth segmentation which can be customized as per your requirements
- Free consultation with lead analyst of the report
- Infographic excel data pack, easy to analyze big data
- Robust and transparent research methodology
- Unmatched data quality and after sales service
Contact Us:
Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/
About Us:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.