Bone Cement Market SWOT and PEST Analysis 2021-2031
The bone cement market size is projected to reach US$ 1.92 billion by 2031 from US$ 1.23 billion in 2023. The market is expected to register a CAGR of 5.70% during 2023–2031. Antibiotic-loaded bone cement is likely to remain a key trend in the market.
Bone Cement Market Analysis
The competition between current suppliers will strengthen due to the increased focus on developing bone cement with superior features, high quality, and safety, such as antibiotic-loaded bone cement for arthroplasty and orthopedic joint fixations. Furthermore, the market is expanding because of the growing acceptance of procedures like kyphoplasty, arthroplasty, and vertebroplasty, which should significantly boost market growth. Additionally, the market is expected to expand due to the rising need for orthopedic bone cement and casting materials, particularly among older people.
Bone Cement Market Overview
The high frequency of osteoporosis, the rising need for kyphoplasty, arthroplasty, and vertebroplasty, and the sharply increasing aging population all contribute to the market's expansion. Furthermore, the companies have facilitated their growth through various inorganic and organic development initiatives. Companies have been using various organic strategies to expand their businesses, such as product launches. Businesses have used inorganic tactics such as partnerships, mergers, and acquisitions.
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Bone Cement Market: Strategic Insights
Bone Cement Market
-
CAGR (2023 - 2031)
5.70%
-
Market Size 2023
US$ 1.23 Billion
-
Market Size 2031
US$ 1.92 Billion
Market Dynamics
GROWTH DRIVERS
- Rising Prevalence of Osteoporosis Leads to Increase in Arthroplasty, Kyphoplasty, and Vertebroplasty Procedures
FUTURE TRENDS
- Growing Demand for Arthroplasty Procedure.
OPPORTUNITIES
- Significant Opportunities in Developing Regions
Key Players
- Zimmer Biomet
- DePuy Synthes
- Smith Nephew
- DJO Global Inc
- Arthrex Inc
- Tecres S p A
- Heraeus Holding GmbH
- Cardinal Health Inc
- Teknimed
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Type
- Polymethyl Methacrylate Cement
- Calcium Phosphate Cement
- Glass Polyalkenoate Cement
Application
- Arthroplasty
- Kyphoplasty
- Vertebroplasty
End User
- Hospitals
- Ambulatory Surgery Centers
- Clinics
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Bone Cement Market: Strategic Insights
-
CAGR (2023 - 2031)5.70% -
Market Size 2023
US$ 1.23 Billion -
Market Size 2031
US$ 1.92 Billion
Market Dynamics
- Rising Prevalence of Osteoporosis Leads to Increase in Arthroplasty, Kyphoplasty, and Vertebroplasty Procedures
- Growing Demand for Arthroplasty Procedure.
- Significant Opportunities in Developing Regions
Key Players
- Zimmer Biomet
- DePuy Synthes
- Smith Nephew
- DJO Global Inc
- Arthrex Inc
- Tecres S p A
- Heraeus Holding GmbH
- Cardinal Health Inc
- Teknimed
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
- Polymethyl Methacrylate Cement
- Calcium Phosphate Cement
- Glass Polyalkenoate Cement
- Arthroplasty
- Kyphoplasty
- Vertebroplasty
- Hospitals
- Ambulatory Surgery Centers
- Clinics
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Bone Cement Market Drivers and Opportunities
Rising Prevalence of Osteoporosis Leads to Increase in Arthroplasty, Kyphoplasty, and Vertebroplasty Procedures Favors the Market Growth
The risk of fractures is increased by osteoporosis. Osteoporosis cases have increased in the last few years. For instance, the International Osteoporosis Foundation states that almost one in two of the women surveyed had experienced an osteoporosis-related fracture, making these fractures a severe health concern, and approximately four million people in the UK have osteoporosis.
Significant Opportunities in Developing Regions
Increases in kyphoplasty, arthroplasty, and vertebroplasty surgeries are anticipated to increase bone cement sales. Prominent industry participants augment their manufacturing capabilities and broaden their distribution networks to enhance their market share in developing economies. For significant bone producers of cement, emerging markets in South Korea, Mexico, Brazil, and India are anticipated to present growth prospects. The aging population, high osteoporosis prevalence, rising disposable income, better healthcare systems, and the expansion of medical tourism in these nations create lucrative opportunities. Asia Pacific has developed into a hub that is flexible and friendly to business. Most participants are turning their attention to emerging markets as the US and European markets mature. Upgrading the newest technologies in emerging nations largely depends on significant health and life sciences research investments. This, in turn, reinforces the propensity to use bone cement.
Bone Cement Market Report Segmentation Analysis
Key segments that contributed to the derivation of the bone cement market analysis are type, application, and end user.
- Based on type, the bone cement market is divided into polymethyl methacrylate (PMMA) cement, calcium phosphate cement (CPC), and glass polyalkenoate cement (GPC). The polymethyl methacrylate (PMMA) cement segment held the most significant market share in 2023.
- By application, the market is categorized into arthroplasty, kyphoplasty, and vertebroplasty. The arthroplasty segment held the largest share of the market in 2023.
- By end user, the market is segmented into hospitals, ambulatory surgery centers (ASCS), and clinics. The hospitals segment held the largest share of the market in 2023.
Bone Cement Market Share Analysis by Geography
The geographic scope of the bone cement market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
The market for bone cement in the US holds the largest share among the countries of North America. The growing incidence of osteoporosis is the main factor propelling this market's expansion. Numerous partnerships and joint ventures aimed at growing the US market for bone cement have been reported in recent years. For example, the Kyphon Products Division, a division of Medtronic's Spinal and Biologics business, has achieved a significant milestone by introducing KYPHON ActivOs 10 Bone Cement with Hydroxyapatite in the US market. With the release of this product, Medtronic's cement portfolio now gives surgeons an alternative for treating patients with vertebral compression fractures (VCFs). Therefore, the US's recent introduction of the bone cement market will probably help the nation's growth.
Numerous Canadian businesses are implementing diverse approaches to expand the bone cement industry. The market players have implemented various sustainable strategies, including product launches, geographic expansion, mergers and acquisitions, and strategic collaboration. Stryker, for example, introduced simplex Bone Cement to fix implants in various orthopedic and trauma surgeries.
Bone Cement Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 1.23 Billion |
Market Size by 2031 | US$ 1.92 Billion |
Global CAGR (2023 - 2031) | 5.70% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
|
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Bone Cement Market News and Recent Developments
The bone cement market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the bone cement market are listed below:
- OsteoRemedies(R) LLC, an orthopedic company focused on providing simple solutions to complex disorders, has announced FDA clearance for expanded indications for the SPECTRUM(R) GV Bone Cement. The expanded indication covers the fixation of revision hip arthroplasty components, implanted in the second stage of a two-stage revision after the initial infection has been cleared. (Source: OsteoRemedies(R) LLC, Press Release, April 2024)
- Zimmer Biomet won a U.S. International Trade Commission case in which it was accused of stealing Heraeus trade secrets for bone cement, the compound used to fill the gap between an artificial joint and a bone. The commission rejected Heraeus Holding request to block the imports of Refobacin bone cements made in France that competes with Heraeus 's PALACOS product. (Source: Zimmer Biomet, Press Release, January 2021)
Bone Cement Market Report Coverage and Deliverables
The “Bone Cement Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Bone cement market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Bone cement market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Bone cement market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments.
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Bone cement market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
North America dominated the bone cement market in 2023
Key factors driving the market are the rising prevalence of osteoporosis, which leads to an increase in arthroplasty, kyphoplasty, and vertebroplasty procedures and growing demand for arthroplasty procedures.
Growing emphasis on adopting novel drug delivery systems is likely to remain a key trend in the market.
Zimmer Biomet, DePuy Synthes, Smith & Nephew, DJO Global, Inc, Arthrex, Inc, Tecres S.p.A, Heraeus Holding GmbH, Cardinal Health Inc., Teknimed, Stryker Corporation
The market is expected to register a CAGR of 5.7% during 2023–2031.