Bone Cement market growing at 5.7 % cagr to 2028

The Bone Cement market research report provides an in depth examination of the key factors stimulating market expansion. It also sheds light on the challenges or restraining factors that are poised to hinder industry growth over the forecast timeframe. Growth rate, market share captured, and valuation estimates for each region, segment, and company are documented as well.

The bone cement market is projected to reach US$ 1,626.52 million by 2028 from US$ 1,103.00 million in 2021. It is expected to grow at a CAGR of 5.7% from 2021 to 2028.

Bone cement is used to fix prostheses to the bone in orthopedic musculoskeletal surgical procedures for osteoporosis, osteoarthritis, rheumatoid arthritis, traumatic arthritis, vascular necrosis, severe joint destruction secondary to trauma, collagen disease, and revision of previous arthroplasty procedures.

List of Companies operating in this report are: DePuy Synthes (The Orthopedics Company of Johnson & Johnson), Zimmer Biomet, Stryker Corporation, Smith & Nephew, DJO Global, Inc., Arthrex, Inc., Tecres S.p.A., Heraeus Holding GmbH, Teknimed, Cardinal Health Inc

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Furthermore, the market is segmented based on type, application, and region in order to study it exhaustively and provide the data in a systematic manner. Speaking of competitive landscape, the study includes a list of leading companies along with their product and service offerings, strategic decisions, SWOT analysis, latest developments, market share captured, growth rate, and valuation. The challenges faced by these companies are analyzed and solutions for them are given as well.

Rising Demand for Arthroplasty Contributes Significantly to Bone Cement Market Growth

Arthroplasty is a procedure performed to restore the function of a joint by bringing about realignment and restoration. In recent years, arthroplasty procedures have increased due to advancements in the type of technology being used. According to the American Association of Neurological Surgeons,about75,000 peoplesuffer fromvertebral compression fractureseachyear.

Additionally, according to the American Academy of Orthopedic Surgeons (AAOS), osteoporosis-induced fractures commonly occur in the spine. Spinal fractures (known as vertebral compression fractures) occur an estimated 1.5 million times every year in the US. They are almost double as common as other fractures generally associated with osteoporosis, such as hip and wrist.

Source: The Insight Partners Analysis, Primary Interviews, Magazines and Journals, and Secondary Sources

Furthermore, according to Canadian Institute for Health Information (CIHI),hipand knee replacementsare stillthetwoprevalent procedures in Canada, with more than 138,000 surgeriesperformed annually.

Arthroplasty is performed when medical treatments fall short to relieve the pain and restore the functioning of the joint. Hence, it has been preferred in recent years. The increase in the number of arthroplasty procedures is anticipated to drive the demand for bone cement during the forecast period.

Type Insights

Based on type, the global bone cement market is segmented into polymethyl methacrylate (PMMA) cement, calcium phosphate cement (CPC), and glass polyalkenoate cement (GPC). In 2020, the polymethyl methacrylate (PMMA) cement segment held the largest share of the market. Moreover, the calcium phosphate cement (CPC) segment market is expected to grow at the highest CAGR during the period from 2021 to 2028. PMMA is a plastic with excellent mechanical properties and minimal toxicity. It is popular for hip-joint transplants because of its inert properties, but it degrades slowly. There is an increasing demand for PMMA bone cement due to its extensive use in various orthopedic procedures, such as arthroplasty, kyphoplasty, and vertebroplasty. The surge in demand for the polymethyl methacrylate (PMMA) cement is bolstering this segment's market

Application Insights

Based on application, the bone cement market is segmented into arthroplasty, kyphoplasty, and vertebroplasty. The arthroplasty segment held the largest bone cement market share in 2020, and it is further expected to be the largest shareholder in the bone cement market by 2028. Arthroplasty is performed when medical treatments fall short to relieve the pain and restore the functioning of the joint. Hence, it has been preferred in recent years. The surge in demand for arthroplasty is bolstering this segment's market.

End-use Insights

Based on end user, the bone cement market is segmented into hospitals, ambulatory surgery centers (ASCs), and clinics. The hospital segment held the largest market share in 2020, and it is further expected to be the largest shareholder in the market by 2028. The growth of the segments is attributed to the growing number of cases of osteoporosis. Hospitals are the primary healthcare centers where orthopedic surgeries, such as kyphoplasty, arthroplasty, and vertebroplasty, are extensively treated, which bolstered the market growth of this segment.

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Several market forces such as drivers and restraints and political, social, economic and technological advancements help shape up the industry in specific manner. All such forces are studied in detail to arrive at a market forecast which can help build the investment strategies in Bone Cement market.

Essential points covered in Bone Cement market report are:-

What will the market size and the growth rate be in 2028?
What are the key growth stimulants of Bone Cement market?
What are the key market trends impacting Bone Cement market valuation?
What are the challenges to market proliferation?
Who are the key vendors in the Bone Cement market?
Which are the leading companies contributing to Bone Cement market valuation?
What was the market share held by each region in 2028?
What is the estimated growth rate and valuation of Bone Cement market in 2028?

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