Bone cement market to exhibit dynamic growth during the forecast period
The global bone cement market is growing proficiently, expected to grow at a CAGR of 6.3%. Bone cement is essentially used for widely used for implant fixation in various orthopaedic and trauma surgery. Globally, the growing prevalence for osteoporosis, increasing implantation procedures, spinal, hip and knee surgical procedures (mainly arthroplasty) among the geriatric population will drive the overall market growth. Increasing awareness about advanced implant technology along with the launch of advanced biomaterials with integrated bioresorbable solutions and higher viscosity strength are key factors driving the market growth on a global scale. Moreover, the clinical applications of acrylic and calcium phosphate bone cement in minimally invasive surgical procedures will drive the market growth globally.
PMMA bone cement expected to register higher growth by the end of 2030
Advancement in polymethyl methacrylate (PMMA) bone cement along with the development in the field of co-polymers and biomaterials will enhance the overall market growth. Improved focus on biologic responses and biodynamic activities of the implant materials will improve the overall dynamics of the bone cement market. Additionally, advancement in antibiotic-loaded bone cement will drive market growth. PMMA is widely used for various hip, knee and spine implant fixation orthopedic procedures. Other commercially available bone cement are Glass polyalkenoate cement and calcium phosphate cement (CPCs), successfully applied in numerous orthopaedic, trauma and dental applications. CPCs are biocompatible and bioresorbable, mainly used in cranial and maxillofacial surgeries. Top brands in the global market generating a significant revenue share include Simplex P bone cement, Refobacin® Bone Cement R, Cemex® Bone Cement, Vertefi x® Radiopaque Bone Cement, PALACOS® fast R+G and others.
Arthroplasty to witness a significant CAGR
According to International Osteoporosis Foundation, around 200 million people worldwide suffer from osteoporosis. Approximately 30% of all postmenopausal females have osteoporosis in the U.S. and Europe region. Worldwide, the annual incidence of hip fracture is approximately 1.7 million. Around 550,000 knee replacement and 300,000 hip replacement surgical procedures are performed in the U.S. every year. Arthroplasty generated maximum revenue share in the global market. Additionally, bone cement used for kyphoplasty and vertebroplasty will further spur revenue growth during the forecast period. Increasing incidences for vertebral compression fractures along with the use of advanced biomaterials and injectable bone cement will drive the market growth in the near future. For e.g. SPINE FIX®, OPACITY+® and other PMMA bone cement for vertebroplasty, kyphoplasty & screw augmentation.
Increased research and development with strong product portfolio in the U.S. and Europe region
Major players in the bone cement market are Zimmer Biomet, Stryker Corporation, DePuy Synthes, Cook Medical, Smith & Nephew, Inc., DJO Global, Elite Surgical, Evolutis, Exactech, Inc., Alphatec Spine, Inc., Becton Dickinson, Tecres SpA, Teknimed SA, OsteoRemedies, LLC, Esschem., Inc. and others. Major companies are emerging with advanced capability with integrated biological and bio resorbable products. Technology expansion, improved R&D and partnerships with small scale manufacturers will invent the development of bone cement market in the developing nations in the near future.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Bone Cement market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
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Key questions answered in this report
