Bone Cement Market Research and Development Activities for Product Innovation

Bone Cement is being used for in arthroplasty procedures for over four decades for the purpose of total joint replacement prosthesis to periprosthetic bone. Injectable form of bone cement is being used for various applications in vertebroplasty. However, factors such as porosity, viscosity, radiopacifiers, sterilization, biocompatibility and presence of antibiotic additives and mixing methods are known to affect the clinical performance of bone cements. Adverse effects of bone cement such as, cardiopulmonary complications, hypersensitivity to components such as benzoyl peroxide and presence of methylmethacrylate prove to be a major drawback to the use of bone cements. Thus, owing to these factors the market is likely to create growth opportunities in the forecast period.

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The global bone cement market accounted to US$ 927.3 Mn in 2017 and is expected to grow at a CAGR of 5.4% during the forecast period 2018 - 2025, to account to US$ 1,414.1 Mn by 2025.

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 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.

The bone cement market by application was segmented into broplasty, arthroplasty, and kyphoplasty. The arthroplasty segment held the largest share of the market, by applicatin. The arthoplasty is likely to dominate in the forecast period owing to the increasing numbers of the procedures among which procedures for hip and knees are performed majorly.

The bone cement market by end user is segmented into hospitals and ambulatory surgical centers. The hospitals & clinics segment is anticipated to grow at a CAGR of 5.1% during the forecast period. The segment is expected to drive market due to the advanced treatments offered by the hospitals and clinics are the first aid providers to the patients.

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TABLE OF CONTENTS

1. INTRODUCTION 18
1.1 SCOPE OF THE STUDY 18
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE 18
2. GLOBAL BONE CEMENT MARKET – KEY TAKEAWAYS 19
3. GLOBAL BONE CEMENT MARKET – MARKET LANDSCAPE 22
3.1 OVERVIEW 22
3.2 MARKET SEGMENTATION 22
3.3 GLOBAL BONE CEMENT MARKET – BY TYPE 23
3.4 GLOBAL BONE CEMENT MARKET – BY APPLICATION 23
3.5 GLOBAL BONE CEMENT MARKET – BY END USER 24
3.6 GLOBAL BONE CEMENT MARKET – BY GEOGRAPHY 24
3.7 PEST ANALYSIS 25
3.7.1 North America – PEST Analysis 25
3.7.2 Europe – PEST Analysis 27
3.7.3 Asia Pacific – PEST Analysis 29
3.7.4 Middle East And Africa– PEST Analysis 31
3.7.5 South and Central America– PEST Analysis 33
4. GLOBAL BONE CEMENT MARKET – KEY MARKET DYNAMICS 35
4.1 KEY MARKET DRIVERS 35
4.1.1 Increasing Prevalence of Osteoporosis 35
4.1.2 Growing Demand for Arthroplasty Procedures 35
4.1.3 Rising Geriatric Population 35
4.2 KEY MARKET RESTRAINTS 36
4.2.1 Availability of Substitutes to Bone Cement 36
4.3 KEY MARKET OPPORTUNITIES 36
4.3.1 Research and Development Activities for Product Innovation 36
4.4 FUTURE TRENDS 36
4.4.1 Use of Antibiotic Loaded Bone Cement 36
4.5 IMPACT ANALYSIS 37

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