The bone cement market is estimated to grow at a CAGR of 5.4% during the forecast period from 2018 to 2025. The market for bone cement is projected to reach US$ 1,414.1 Mn in 2025. The market is witnessing a potential growth rate during the past few years and is expected to witness similar trend in the coming years. Factors such as, increasing prevalence of osteoporosis, growing demand for arthroplasty procedures, and growing geriatric population are primarily contributing to the growth of this market.
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The major players operating in the bone cement market include DePuy Synthes, Zimmer Biomet, Stryker, Smith & Nephew, DJO Global, Arthrex, Inc., Tecres, Heraeus Holding, and Teknimed, Osteopoeriss LLC among others.
The market for bone cement is well established in North America region, especially in the US and Canada. The market in Asia Pacific is expected to witness significant growth during the forecast period owing to the increasing number of surgical procedures in hospitals & ambulatory surgical centers and progressive growth of medical device industry. Moreover, rising geriatric population majorly in India and China is stimulating the growth of this market in this region. According to the International Osteoporosis Foundation, on an average almost 70 million Chinese above 50 years of age suffer from osteoporosis in a year. This leads to almost 687,000 fractures per year in China, hence such pool of patient population is expected to drive the growth of the bone cement market.
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Bone cement is used for the fixation of prosthesis to the bone in various orthopedic musculoskeletal surgical procedures for the treatment of osteoporosis, osteoarthritis, rheumatoid arthritis, traumatic arthritis, avascular necrosis, severe joint destruction secondary to trauma, collagen disease, and revision of previous arthroplasty.
In our study, we have segmented the bone cement market by type, application, and end user. Based on type, global bone cement market is segmented as polymethyl methacrylate (PMMA) cement, calcium phosphate cement (CPC), glass polyalkenoate cement (GPC), and others. Based on application, the market is segmented into arthroplasty, kyphoplasty, and vertebroplasty. On the basis of end user, the market is segmented as hospitals, ambulatory surgery centers, and clinics. Geographically, the market for bone cement is segmented into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South and Central America (S&CAM).
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Additionally, major manufacturers in the market are engaged in research and development activities to develop advanced products. Furthermore, rise in umber of osteoporosis cases and increase in number of bone disease cases are expected to boost the demand for bone cement in the coming years. According to a survey conducted by International Osteoporosis Foundation, around 15-30% male and 30-50% females are at a risk of suffering from osteoporotic fracture during their lifetime. Moreover, according to the International Osteoporosis Foundation, approximately one out of five men and one in every three women over the age of 50 would suffer from a fracture owing to osteoporosis. This is expected to stimulate the demand of bone cement market in the coming years. However, availability of substitutes can hamper the growth of this market at a certain extent.
10 North America Bone Cement Market Revenue and Forecasts to 2025 – Country Analysis
10.1 North America Bone Cement Market Overview
10.2 North America Bone Cement Market Revenue Forecasts and Analysis (US$ Mn)
10.3 North America Market Forecasts and Analysis – By Type
10.4 North America Market Forecasts and Analysis – By Application
10.5 North America Market Forecasts and Analysis – By End User
10.6 North America Market Forecasts and Analysis – By Country
10.7 US Market Overview
10.7.1 US Bone Cement Market Revenue Forecasts and Analysis-By Type (US$ Mn)
10.7.2 US Bone Cement Market Revenue Forecasts and Analysis-By Application (US$ Mn)
10.7.3 US Bone Cement Market Revenue Forecasts and Analysis-By End User (US$ Mn)
10.8 Canada Market Overview
10.8.1 Canada Bone Cement Market Revenue Forecasts and Analysis-By Type (US$ Mn)
10.8.2 Canada Bone Cement Market Revenue Forecasts and Analysis-By Application (US$ Mn)
10.8.3 Canada Bone Cement Market Revenue Forecasts and Analysis-By End User (US$ Mn)
10.9 Mexico Market Overview
10.9.1 Mexico Bone Cement Market Revenue Forecasts and Analysis-By Type (US$ Mn)
10.9.2 Mexico Bone Cement Market Revenue Forecasts and Analysis-By Application (US$ Mn)
10.9.3 Mexico Bone Cement Market Revenue Forecasts and Analysis-By End User (US$ Mn)
11 Europe Bone Cement Market Revenue and Forecasts to 2025 – Country Analysis
11.1 Europe Bone Cement Market Overview
11.2 Europe Bone Cement Market Revenue Forecasts and Analysis (US$ Mn)
11.3 Europe Market Forecasts and Analysis – By Type
11.4 Europe Market Forecasts and Analysis – By Application
11.5 Europe Market Forecasts and Analysis – By End User
11.6 Europe Market Forecasts and Analysis – By Country
11.7 UK Market Overview
11.7.1 UK Bone Cement Market Revenue Forecasts and Analysis-By Type (US$ Mn)
11.7.2 UK Bone Cement Market Revenue Forecasts and Analysis-By Application (US$ Mn)
11.7.3 UK Bone Cement Market Revenue Forecasts and Analysis-By End User (US$ Mn)
11.8 Germany Market Overview
11.8.1 Germany Bone Cement Market Revenue Forecasts and Analysis-By Type (US$ Mn)
11.8.2 Germany Bone Cement Market Revenue Forecasts and Analysis-By Application (US$ Mn)
11.8.3 Germany Bone Cement Market Revenue Forecasts and Analysis-By End User (US$ Mn)
11.9 France Market Overview
11.9.1 France Bone Cement Market Revenue Forecasts and Analysis-By Type (US$ Mn)
11.9.2 France Bone Cement Market Revenue Forecasts and Analysis-By Application (US$ Mn)
11.9.3 France Bone Cement Market Revenue Forecasts and Analysis-By End User (US$ Mn)
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