Bone Cement market growing at 5.7 % CAGR to 2028
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.
The bone cement market is analyzed on the basis of product type, application, end user, and geography. By geography, the bone cement market is broadly segmented into North America, Europe, Asia Pacific, the Middle East and Africa (MEA), and South and Central America. The report offers insights and in-depth analysis of the bone cement market, emphasizing parameters, such as market trends, technological advancements, and market dynamics, along with the analysis of the competitive landscape of the world's leading market players.
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Furthermore, the Bone Cement market full research study is designed on account of the fact that each segment is individually assessed and then collated to form the whole market, the study can be tailor-made to fit your exact requirements.
The structure of the Bone Cement market report can be categorized into following sections:
Section 1: scope of the report & research methodology
Section 2: key takeaways
Section 3: market variables & their impact on growth and analytical tools providing high level insights into the market dynamics and growth pattern
Section 4: market estimates and forecasts (with the base year as 2019, historic information of 2016 & 2018 and forecast from 2021 to 2028). Regional and country level estimates and forecasts for each category which are summed up to form the global market.
Section 5: competitive landscape. Attributes such as strategy framework, competitor categorization are included to provide elaborate details on the market structure & strategic undertakings as well as their impact.
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
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.
The prominent/emerging players in the Bone Cement market research include:
· 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
· Cardinal Health Inc
The Bone Cement market company profiles are individually represented for all major participants and indices such as financial performance, strategic initiatives, product portfolio & company overview.
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Company overview provides the information about location of the company where it is headquartered along with the established year, employee strength as of 2017, regions where the company is operating and the key business areas.
Overall company/segment revenue for the year 2019, 2018, and 2017 is provided in the sub title "financial performance" (public listed companies) along with the analysis and explanation of the increase or decrease in the same due to factors such as mergers & acquisition, profit or loss in any strategic business unit (sbus) and others.
Product benchmarking comprises the comprehensive list of products pertaining to the respective market along with the application and key features.
Insights pertaining to the new product launch, strategic collaboration, mergers and acquisition, regulatory approval, and other developments by the company in market are covered under strategic initiatives section.
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The Bone Cement market research study is designed keeping in focus all the major countries. Although, all these countries & their market trends were accounted for while composing it, detailed sections are available for only the spearheads. In case if you would be interested in specific countries which are not covered in the current scope, kindly share the list & we can customize the study based on the geographical scope defined by you.
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The insight partners is a one stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialist in industries such as semiconductor and electronics, aerospace and defense, automotive and transportation, Bone Cement, healthcare it, manufacturing and construction, medical device, technology, media and telecommunications, chemicals and materials.
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