The orthopedic bone cement global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Orthopedic Bone Cement Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The orthopedic bone cement market size has grown strongly in recent years. It will grow from $0.93 billion in 2023 to $0.98 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to an aging population, a rising incidence of osteoporosis, a rising incidence of joint disorders, increasing healthcare expenditure, increasing awareness, and healthcare access.
The orthopedic bone cement market size is expected to see strong growth in the next few years. It will grow to $.25 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to growing demand for minimally invasive procedures, rising prevalence of orthopedic disorders, expansion of orthopedic surgery centers, growing investment in healthcare infrastructure, and an and an increase in high-impact sports and activities. Major trends in the forecast period include technological advancements, innovations in bone cement technology, innovations in biodegradable and bioactive cements, the adoption of antibiotic-loaded cements, and the and the development of smart bone cements.
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Scope Of Orthopedic Bone Cement Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Orthopedic Bone Cement Market Overview
Market Drivers –
The increasing incidence of accidents and injuries is expected to propel the growth of the orthopedic bone cement market going forward. The rising incidence of accidents and injuries is driven by factors such as higher traffic volumes, more frequent high-risk activities, distracted driving, and inadequate safety measures. Orthopedic bone cement is used to treat injuries to secure implants and facilitate the repair of fractures and damaged joints, ensuring stability and promoting healing. For instance, in April 2024, according to the report published by the National Highway Traffic Safety Administration (NHTSA), a U.S. government agency responsible for ensuring road safety, around 2.38 million individuals were injured in motor vehicle traffic crashes in 2022, compared to 2.28 million in 2021. Therefore, the increasing incidence of accidents and injuries will drive the growth of the orthopedic bone cement market.
Market Trends –
Major companies operating in the orthopedic bone cement market are focusing on developing innovative products, such as antibiotic-loaded spacers, to enhance infection control during joint replacement surgeries and improve patient outcomes. Antibiotic-loaded spacers are temporary implants used in orthopedic surgery, particularly in treating infected joint prostheses, such as those in the hip or knee. These spacers are made from bone cement (typically polymethylmethacrylate, or PMMA) mixed with antibiotics. For instance, in November 2023, Biocomposites Ltd., a UK-based medical device company, launched the SYNICEM hip, knee, and shoulder performed spacers, which have demonstrated success in patients undergoing joint surgery. These antibiotic-loaded, preformed spacers address the limitations of traditional intra-operative molded and handmade spacers. They support surgeons during hip, knee, and shoulder revisions by maintaining joint space and effectively treating infections. It is designed with precision for consistent performance and structural integrity. SYNICEM spacers deliver a high local concentration of gentamicin and offer flexible, time-saving solutions for surgeons during procedures. It specializes in bone cement and polymer-based products, utilizing proprietary core polymer production and in-house formulation techniques.
The orthopedic bone cement market covered in this report is segmented –
1) By Type: Low Viscosity Cements, Medium Viscosity Cements, High Viscosity Cements
2) By Material: Polymethyl Methacrylate (PMMA), Ceramic, Acrylic, Other Materials
3) By End Users: Hospitals, Orthopedic Clinics And Centers, Other End-Users
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Regional Insights –
North America was the largest region in the orthopedic bone cement market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the orthopedic bone cement market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the orthopedic bone cement market are Johnson & Johnson Services Inc., 3M Company, Medtronic plc, Stryker Corporation, B. Braun Melsungen AG, Zimmer Biomet Holdings Inc., Smith & Nephew plc, Arthrex Inc., Cook Medical LLC, Enovis Corporation, Globus Medical Inc., Wright Medical Group N.V., Medacta International SA, Orthofix Medical Inc., ATEC Spine Inc., Exactech Inc., Spine Wave Inc., Tecres S.p.A., Somatex Medical Technologies GmbH, Heraeus Medical GmbH, DJO Global Inc., TEKNIMED SAS, G-21 SRL, Kyeron Medical Innovations Inc., Graftys SA
Table of Contents
1. Executive Summary
2. Orthopedic Bone Cement Market Report Structure
3. Orthopedic Bone Cement Market Trends And Strategies
4. Orthopedic Bone Cement Market – Macro Economic Scenario
5. Global Orthopedic Bone Cement Market Size and Growth
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32. Global Orthopedic Bone Cement Market Competitive Benchmarking
33. Global Orthopedic Bone Cement Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Orthopedic Bone Cement Market
35. Orthopedic Bone Cement Market Future Outlook and Potential Analysis
36. Appendix
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