Press release
Bone Cement Market Estimation to 2025: Growth Analysis by DJO Global, Arthrex, Tecres, Heraeus Holding, Teknimed, DePuy Synthes, Zimmer Biomet, Stryker, Smith & Nephew, and Osteopoeriss
Bone Cement Market
Increasing number of orthopedic surgeries is driving the market for bone cement over the forecast period.
Bone cement is used for the fixation of prosthesis to the bone in various orthopedic musculoskeletal surgical procedures for the treatment of osteoporosis, osteoarthritis, rheumatoid arthritis, traumatic arthritis, avascular necrosis, severe joint destruction secondary to trauma, collagen disease, and revision of previous arthroplasty.
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Top Dominating Industry Players:
1. DePuy Synthes
2. Zimmer Biomet
3. Stryker
4. Smith & Nephew
5. DJO Global
6. Arthrex, Inc.
7. Tecres
8. Heraeus Holding
9. Teknimed
10. Osteopoeriss LLC
The global magnetic resonance imaging market is expected to reach US$ 7,955.1 Mn in 2025 from US$ 5,913.6 in 2017. The magnetic resonance imaging market is estimated to grow with a CAGR of 3.8% from 2018-2025.
Growth Factors: Bone Cement Market
The market for bone cement is well established in the North American region, owing to the rising number of orthopedic surgeries and advancement in the technological developments of bone cements. In addition, the prominent players in the market are primarily focusing on expanding their customer base in North America. However, in Asia Pacific, India is expected to be the fastest growing market due to the rising popularity of medical tourism for orthopedic procedures and the availability of skilled medical professionals. Moreover, increasing geriatric population in this country associated with the increasing surgical procedure for joint replacements is expected to enhance the market growth in the coming years. Around 70,000 knee and hip replacement procedures are being performed every year in India.
Segment Overview: Bone Cement Market
Magnetic resonance imaging market is segmented by product into field strength, architecture, application, and end user. On the basis of field strength, the market is segmented into low field MRI systems, high-field MRI systems, and ultra-high-field MRI systems. The architecture segment of the magnetic resonance imaging market is segmented into open MRI systems, and closed MRI systems. The application segment of the magnetic resonance imaging market is segmented into open cardiology, oncology, gastroenterology, and neurology, musculoskeletal and other applications. The end user segment of the magnetic resonance imaging market is segmented into hospitals, ambulatory surgical centers, and diagnostic centers.
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The global bone cement market is a mature market in the developing countries as well as in developing economies worldwide. Increasing prevalence of osteoporosis, growing demand for arthroplasty procedures, and rapid growth in the geriatric population are the major factors fuelling the growth of this market. The incidences of osteoporosis has been increased significantly in the young as well as the aged population. For instance, according to a survey conducted by International Osteoporosis Foundation, around 15-30% male and 30-50% females are at a risk of suffering from osteoporotic fracture during their lifetime. This is expected to drive the growth bone cement worldwide.
The report segments the global bone cement market as follows:
Global Bone Cement Market – By type
- Polymethyl Methacrylate (PMMA) Cement
- Calcium Phosphate Cement (CPC)
- Glass Polyalkenoate Cement (GPC)
- Others
Global Bone Cement Market – By Application
- Arthroplasty
- Kyphoplasty
- Vertebroplasty
Global Bone Cement Market – By End User
- Hospitals
- Ambulatory Surgical Centers
- Clinics
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