01-Aug-2022 | Facts and Factors
According to Facts and Factors, the global Bone Cement market was worth around USD 1,059.20 million in 2021 and is estimated to grow to about 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 their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the Bone Cement Market.
Bone cement is a mixture of solid and liquid components that hardens to form a bone-like structure for use in the human body. Bridging the gap between the prosthetic and the bone offers flexibility. This material serves as an adhesive during hip replacement surgery to keep the new hip in place. It either comes pre-mixed or in the form of powders and liquids that are combined in the operating room during surgery. In addition, bone cement is used during internal fixation surgery to increase the rigidity of the bone. Owing to the rise in demand for Bone Cement, the Global Bone Cement Market is estimated to grow at a CAGR of 5.50% during the forecast period.
Browse the full “ Bone Cement Market Size, Share, Growth Analysis Report By Type (Polymethyl Methacrylate (PMMA) Cement, Calcium Phosphate Cement (CPC), Glass Polyalkenoate Cement (GPC) and Others), By Application (Arthroplasty, Kyphoplasty and Vertebroplasty), and By Region-Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecast 2022 – 2028" report at https://www.fnfresearch.com/bone-cement-market
Expanding older populations, rising rates of periodontitis in young people, and rising demand for orthopedic bone cement and casting materials are some of the key factors boosting the worldwide bone cement market. Along with the need for arthroplasty surgery and the expansion of the elderly population, the prevalence of osteoporosis is increasing. The market's expansion is being fuelled by these factors. Because of the rise in auto accidents and sports injuries, the market for bone cement is expanding. Additional improvements in regenerative medicine are fuelling the industry's growth. It is anticipated that the more prevalent hip, knee, and other bone replacement procedures worldwide would fuel the demand for bone cement. Increasingly unfavorable reimbursement conditions, rising costs, and stringent clinical data criteria for the introduction of novel bone cement are some of the main obstacles to market expansion. During the projected period, the market expansion will also be hampered by the increasing development of novel biomaterials with strong adhesive and mechanical properties.
Segmental Overview
The Global Bone Cement Market is segregated based on type, application, and region. Based on 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. Based on 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.
Regional Overview
North America will dominate the global bone Cement Market in 2021 because of its well-established healthcare industry. The growth is due to the increased prevalence of osteoporosis, advancements in bone cement, and other factors. Significantly, the expansion of the bone cement industry in North America is being driven by a rise in visits to emergency rooms for the diagnosis of fractures. In addition, new advances in regenerative medicine are driving the market forward.
In 2021, the Asia Pacific Bone Cement Market was expected to be the fastest-growing regional market due to an increase in the prevalence of periodontal and arthritic conditions, particularly in developing nations like China and India, which has led to a rise in the need for dental and orthopedic procedures. In the Asia Pacific, there has been an upsurge in both general prosthesis fixation and knee surgeries. The market for bone cement in this region is growing as a result of the increase in traffic accidents.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 1,059.20 Million |
Projected Market Size in 2028 |
USD 1,460.47 Million |
CAGR Growth Rate |
5.50% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
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, and Others |
Key Segment |
By Type, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Key Players Insights
The report contains qualitative and quantitative research on the global bone cement market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts.
Key players functioning in the global Bone Cement market include DePuy Synthes (The Orthopedics Company of Johnson & Johnson), Zimmer Biomet, Stryker Corporation, Arthrex, Inc., Tecres S.p.A., Smith & Nephew, Teknimed, Cardinal Health Inc., DJO Global, Inc. and Heraeus Holding GmbH.
Recent developments:
- In July 2021, Arthrex, Inc. will market and sell Celularity Inc.'s placenta-derived biomaterial products for orthopedic and sports medicine in the US.
- In July 2019, researchers from Hunan University of Science and Technology announced the development of orthopedic Strontium (Sr)-dicalcium silicate bone cements with in situ Sr substitution and homogeneous Sr distribution. For orthopedic applications, the osteogenesis potential of dicalcium silicate bone cement containing Sr was increased.
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
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- 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
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