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Polymethyl Methacrylate (PMMA) Bone Cements Market Size, Share, Growth, Analysis, Trends And Forecast To 2033

12-09-2024 10:24 AM CET | Health & Medicine

Press release from: The Business research company

Polymethyl Methacrylate (PMMA) Bone Cements Market Size

Polymethyl Methacrylate (PMMA) Bone Cements Market Size

The Business Research Company recently released a comprehensive report on the Global Polymethyl Methacrylate (PMMA) Bone Cements Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The polymethyl methacrylate (PMMA) bone cements market size has grown strongly in recent years. It will grow from $1.09 billion in 2023 to $1.17 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to research and development efforts, governments can accelerate the development of supportive policies, industry collaborations, rising number of hip and knee replacement surgeries, and rise in medical tourism.

The polymethyl methacrylate (PMMA) bone cements market size is expected to see strong growth in the next few years. It will grow to $1.52 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to consumer trends and preferences, increasing number of spinal surgeries, increasing patient awareness, improving the efficacy and safety of PMMA bone cements, and increasing trend towards outpatient orthopedic surgeries. Major trends in the forecast period include bioactive pmma bone cements, pmma bone cements loaded with antibiotics, customized implants, advancements in cementing techniques, and hybrid bone cements.

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Market Drivers and Trends:

The rise in sports-related injuries is expected to propel the growth of the polymethyl methacrylate (PMMA) bone cement market going forward. Sports-related injuries refer to physical harm or damage to the body that occurs during participation in sports or exercise activities. Sports-related injuries occur due to increased involvement in high-intensity physical activities, inadequate training, and a lack of proper injury prevention measures. Polymethyl methacrylate (PMMA) bone cement is widely used in orthopedic surgeries to treat sports-related injuries. It provides crucial structural support and stability to fractured or damaged bones, facilitating the secure fixation of implants during joint replacements or fracture repairs. For instance, according to the Injury Facts of the National Safety Council, a US-based nonprofit organization, in 2023, the number of exercise and exercise equipment injuries grew by 8% to 482,886 injuries in 2023 from 445,642 injuries in 2022. Therefore, the rise in sports-related injuries is driving the growth of the polymethyl methacrylate (PMMA) bone cement market.

Major companies operating in the polymethylmethacrylate (PMMA) bone cement market are focused on developing innovative solutions, such as antibiotic-loaded bone cement, to support periprosthetic joint infection (PJI) treatment. Antibiotic-loaded bone cement is a specialized bone repair material infused with antibiotics to prevent and treat infections during orthopedic procedures, such as joint replacements. For instance, in August 2024, Heraeus Medical GmbH, a Germany-based medical technology manufacturer, launched the COPAL G+V Dual Antibiotic-loaded Bone Cement. COPAL G+V Dual Antibiotic-loaded Bone Cement by Heraeus Medical GmbH features a combination of gentamicin and vancomycin, offering broad-spectrum antimicrobial coverage. It is designed to reduce infection risk in high-risk orthopedic surgeries and delivers targeted antibiotic release to optimize postoperative outcomes.

Key Benefits for Stakeholders:

• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

Major Key Players of the Market:

Cardinal Health Inc., Johnson & Johnson, Medtronic plc, Heraeus Medical GmbH, Stryker Corporation, Zimmer Biomet Holdings Inc., Enovis, Merit Medical Systems, Orthofix Inc., Exactech Inc., Mathys AG Bettlach, Summit Medical Group, Aap Implantate AG, Makevale Ltd., OSARTIS GmbH, Cambridge Polymer Group Inc., Teknimed SA, Morulaa HealthTech Pvt. Ltd., Tecres S.p.A., BioMedtrix LLC

Polymethyl Methacrylate (PMMA) Bone Cements Market 2024 Key Insights:

• The polymethyl methacrylate (PMMA) bone cements market size is expected to see strong growth in the next few years. It will grow to $1.52 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%.
• Increasing Sports-Related Injuries To Drive Expansion Of The PMMA Bone Cements Market
• Innovative Antibiotic-Loaded Bone Cements Supporting Periprosthetic Joint Infection (PJI) Treatment
• North America was the largest region in the polymethyl methacrylate (PMMA) bone cement market in 2023

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Learn More About The Business Research Company

The Business Research Company (https://www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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