As per our research report, between 2022 and 2027, the global bone cement market is expected to grow at a CAGR of 6.01%, reaching USD 1.98 billion by 2027.
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Coronavirus (COVID-19) has changed people’s lives and, as a result, the way they do research. It has been classified as a “high consequence infectious disease” by the UK, the CDC, and the World Health Organization. The National Institute of Health has recently been a big supporter of orthopedic research. COVID-19 has significantly impacted clinical trials, including trial recruiting, patient monitoring, data collecting, and supervised treatment like physiotherapy.
Even the most stable economies have suffered financial ramifications for the first time due to the lockdown. COVID-19 has resulted in a considerable number of canceled cases, which has resulted in substantial economic losses for health care organizations and may have a significant impact on patients. Surgical disciplines have specific hurdles as a result of the COVID-19 pandemic. Surgeons are only allowed to undertake emergency surgical procedures, and the vast majority of knee and hip arthroplasty surgeries are not considered emergency procedures. According to a recent study, the COVID-19 pandemic has substantially influenced total joint arthroplasty, resulting in a significant reduction in surgery volume. Furthermore, virtual technologies are an exciting new emphasis that has the potential to transform previously inefficient clinical and educational situations. COVID-19 may have postponed joint replacement surgery or physical therapy, but pain relief is still possible. Many health care providers have introduced telemedicine services, which allow patients to communicate with their doctors and discuss pain management options while waiting for surgery or in-person therapy. Ice, heat, rest, physical therapy, staying active, over-the-counter medicine, and nutrition and vitamins are all effective strategies to reduce pain.
As the population’s life expectancy increases, there will be greater demand for replacement procedures and joint repair due to ripped, worn-out, or damaged bone tissue and cartilage, which is expected to accelerate the growth rate of the worldwide bone cement market.
According to the World Health Organization, the world’s population grew from 2.8 billion in 1955 to 5.8 billion. By 2025, it will have increased by approximately 80 million people every year, bringing the total population to around 8 billion. At the time of birth, the average life expectancy was just 48 years; by 1995, it had increased to 65 years, and by 2025, it will have increased to 73 years. Over 50 million individuals now live in countries where the average life expectancy is less than 45 years. More than 5 billion individuals in 120 nations now have a life expectancy of over 60 years. The world’s expanding senior population, according to WHO. Between 2015 and 2050, the number of persons aged 60 and up will rise from 900 million to 2 billion. The population is aging quicker than in previous generations.
Arthritis, osteoarthritis, osteoporosis, sprains, tendonitis, and bursitis are all on the rise globally, and rising orthopedic injuries are expected to boost the global bone cement market’s growth rate.
According to the WHO, every year, roughly 1.35 million people are killed in automobile accidents. Around 5.8 million individuals die as a result of injuries each year. Non-fatal injuries afflict another 20 to 50 million people, many of whom are rendered disabled due to their injuries. Hip fractures affect around 1.66 million people worldwide each year. In fracture-prone countries, osteoporosis is a severe problem for elderly men, accounting for 20% of symptomatic spine fractures and 30% of hip fractures. Spinal abnormalities are more common in Scandinavian countries than in Mediterranean countries. Hip fractures are less common among African-Americans and New Zealand Maoris than Caucasians but more common among Indians in Singapore.
The desire for more advanced materials and advancements in joint repair treatments is considerable.
To heal a fractured joint, a surgical technique is conducted to remove the joint and replace it with an artificial joint or prosthesis. For those suffering from debilitating knee pain, chronic hip discomfort, or persistent pain that does not respond to conventional treatments, total joint replacement is one of the most effective treatments. Around 450,000 to 790,000 hip and knee replacements are performed in the United States. As the country’s population ages, this figure will almost probably climb. Total knee replacements are amongst the most effective medical treatments ever developed. Knee replacement patients tend to be in their 50s or 80s. Various factors can contribute to knee discomforts, such as accidents and arthritis.
The research into regenerative medicine, which uses stem cells, gene therapies, and repairing and regenerating organs and tissues, has lasted more than two decades.
The risks associated with bone cement are the same as those associated with any other medical procedure. Cement fragmentation and foreign body reactivity to wearing debris, which causes periprosthetic osteolysis and prosthetic loosening, are two of the most important disadvantages of bone cement in joint replacement. The monomer appears hazardous, and allergic reactions to bone cement ingredients may occur. Roughened metallic surfaces and PMMA cement generate wear particles, which cause local inflammatory activity and chronic hip replacement issues. The high expense of treating orthopedic injuries and joint replacement surgery is hampering the bone cement industry. Furthermore, unlicensed practitioners are projected to have a substantial detrimental impact on the bone cement business in the future. As a result of the procedure, there have been several complications. Stringent regulatory requirements may hamper the market for bone cement treatments.
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KEY MARKET INSIGHTS:
The polymethylmethacrylate segment is expected to lead the global bone cement market throughout the forecast period. Bone cement made of polymethylmethacrylate (PMMA) has progressed from industrial Plexiglas. Implant fixation with polymethylmethacrylate bone cement is employed in various contexts, including orthopedics and trauma surgery. Due to increased accidents and bone fractures, higher demand for Polymethylmethacrylate bone cement is expected to enhance the market growth.
Geographically, the bone cement market in North America was one of the world’s largest, and it is predicted to grow gradually throughout the forecast period. The rise in the number of injuries and demand for orthopedic bone cement is to blame. In North America, the United States is projected to lead the regional market.
The Asia Pacific is one of the fastest-growing global bone cement market regions. In the coming years, the market is most expected to continue to grow. Over the predicted period, China held the most significant market share. India’s due to a growing preference for bone cement products over bone transplants. The rising prevalence of arthritis and periodontal problems in India is expected to boost the demand for bone cement in the country.
Some of the top global bone cement market participants include Smith & Nephew, Stryker, Arthrex, Inc., Zimmer Biomet, 3M, Orthofix International, DJO Worldwide, Heraeus Holding, and TEKNIMED.
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SEGMENTS ANALYZED UNDER THIS REPORT:
By Type:
- Polymethylmethacrylate (PMMA) Cement
- Calcium Phosphate Cement (CPCs)
- Glass Polyalkenoate Cement
- Others
By Application:
- Arthroplasty
- Kyphoplasty
- Vertebroplasty
By End-User:
- Hospitals
- Ambulatory Surgical Centres
- Clinics
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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