Bone Cement Market Size, Share Global Analysis Report, 2022 – 2028

Industry Insights

[228+ Pages Report] According to Facts and Factors, the Global Bone Cement Market size was worth USD 1,059.20 million in 2021 and is estimated to grow to USD 1,460.47 million by 2028, with a compound annual growth rate (CAGR) of approximately 5.50% over the forecast period. The report analyzes the Bone Cement market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Bone Cement market.

Market Overview

To form a bone-like structure for usage in the human body, Bone Cement is a blend of solid and liquid components. It provides flexibility by filling the void between the prosthetic and the bone. In hip replacement surgery, this substance is used as an adhesive to hold the new hip in place. It is either already mixed or comes in the form of powders and liquids that are combined during surgery in the operating room. During internal fixation surgery, Bone Cement is utilized to strengthen the stability of the bone. It is necessary for a number of total joint arthroplasty procedures. Some of the major factors driving the growth of the global Bone Cement market are expanding elderly populations, rising incidence of periodontitis in young individuals, and increased demand for orthopedic Bone Cement and casting materials.

The incidence of osteoporosis is rising, along with the demand for arthroplasty surgeries and the size of the older population. These elements are fueling the market's growth. The market for Bone Cement is growing as a result of an increase in traffic accidents and sports injuries. Additional advancements in regenerative medicine are leading to an expanding industry. It is projected that the market for Bone Cement will be driven by the more common hip, knee, and other bone replacement operations across the globe.

COVID-19 Impact:

The Bone Cement market was immediately and significantly affected by COVID 19. Increased demand and problems with the supply chain are having an impact on local businesses. To lower COVID 19 infection in hospitals and clinics, remote patient treatment is being employed and is preferred by both healthcare professionals and patients. In the face of such unforeseeable events, an orthopedic practice could not remain unaffected. Numerous surgeries and routine consultations were canceled or postponed.

Key Insights

• Bone Cement Market share value at a CAGR of 5.50% over the forecast period.
• The market for Bone Cement is growing as a result of an increase in traffic accidents and sports injuries.
• By type, the polymethyl Methacrylate (PMMA) Cementsegment dominated the market in 2021.
• By application, the Arthroplasty segment will dominate the market in 2021.
• North America will dominate the Global Bone Cement Market in 2021.

Growth Drivers

• The growing number of orthopedic surgeries is likely to pave the way for global market growth

The market for Bone Cement is also rising as orthopedic operations become more commonplace around the world. The number of procedures is constantly rising as a result of an increase in traffic accidents and different types of injuries. There are an increasing number of bone-related illnesses, such as geriatric joint pain and knee pain. The market participants' expanded R&D efforts and product offerings are what are fueling the market's expansion. One of the key factors anticipated to fuel the expansion of the Bone Cement market during the projected period is the persistent efforts of prominent manufacturers to preserve their revenue share in the market.

Restraints

• Rising adverse effects of Bone Cement hamper the global market growth

Cardiopulmonary problems and the presence of methyl methacrylate are two unfavorable consequences of Bone Cement that have proven to be a significant barrier to their use. During the projected period, the market expansion will also be hampered by the increasing development of novel biomaterials with strong adhesive and mechanical properties.

Segmentation Analysis

The global Bone Cement market is segregated on the basis of type, application, and region.

By type, the market is categorized into Polymethyl Methacrylate (PMMA) Cement, Calcium Phosphate Cement (CPC), Glass Polyalkenoate Cement (GPC) and Others. Among these, the Polymethyl Methacrylate (PMMA) Cement segment will dominate the market in 2021. Bone Cement also referred to as polymethyl methacrylate (PMMA), is a material that is frequently used in trauma and orthopedic surgery to fixate implants. PMMA fills in the gaps between the implant and the bone, holding it in place and serving as a grout. Bone Cement relies on a tight mechanical interlock between the uneven bone surface and the prosthesis rather than having inherent adhesive characteristics.

By application, the market is classified into Arthroplasty, Kyphoplasty and Vertebroplasty. Over the forecast period, the Arthroplasty segment is expected to develop at the fastest rate in 2021. A form of orthopedic procedure known as arthroplasty involves replacing, modifying, or realigning the articular surface of a musculoskeletal joint using osteotomy or another technique. It is an elective procedure intended to treat arthritic or other joint deterioration and relieve pain while regaining function. The significant share of this category can be used to explain the increasing need for Bone Cement in procedures for knee, hip, and shoulder arthroplasty performed all over the world.

Report Scope

Recent Developments

• In December 2020 - in order to strategically collaborate with G-21 and distribute their Bone Cement alongside icotec's VADER® Pedicle Screw System in the United States, icotecag, a leading producer of medical devices for Carbon/PEEK implants, has done so.
• In December 2020 - due to possible exposure to heat and humidity, Smith & Nephew started a field action to remove one batch of Versabond AB 40 Grams Formulation 2. When mixed, the impacted lot was said to have an unusually sand-like, flaky, or gritty consistency.

Regional Landscape

• Rising healthcare sector use is likely to help North America dominate the global market

North America dominates the Global Bone Cement Market in 2021 due to the region's established healthcare sector. Increased osteoporosis prevalence, improvements in Bone Cement, and other factors are to blame for the growth. Significantly, an increase in visits to emergency rooms for the diagnosis of fractures is what is propelling the growth of the Bone Cement sector in North America. Regenerative medicine's most recent developments are advancing the market. The market for Bone Cement is anticipated to grow as hip, knee, and other bone replacement procedures become more commonplace worldwide.

Over the forecast period, Asia Pacific regional market is expected to be the fastest-growing region in the Bone Cement market in 2021because there is a greater prevalence of arthritic and periodontal problems, particularly in developing countries like China and India, which has increased the demand for dental and orthopedic procedures. Both general prosthesis fixation and knee procedures have increased throughout Asia and the Pacific. Due to the rise in traffic accidents in this area, the market for Bone Cement is expanding. The region is experiencing an increase in the frequency of traffic accidents and events, necessitating the need for emergency services like fracture treatment.

Competitive Landscape

Key players within the global bone cement market include 

• DePuySynthes (The Orthopedics Company of Johnson & Johnson) 
• Zimmer Biomet 
• Stryker Corporation 
• Arthrex Inc. 
• TecresS.p.A. 
• Smith & Nephew 
• Teknimed 
• Cardinal Health Inc. 
• DJO Global Inc. 
• Heraeus Holding GmbH 

The global bone cement market is segmented as follows:

By Type

• Polymethyl Methacrylate (PMMA) Cement
• Calcium Phosphate Cement (CPC)
• Glass Polyalkenoate Cement (GPC)
• Others

By Application

• Arthroplasty
• Kyphoplasty
• Vertebroplasty

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America