According to our new research study on “Bone Cement Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, Application, and End User,” the market is expected to grow from US$ 1,103.00 million in 2021 to US$ 1,626.52 million by 2028; it is estimated to grow at a CAGR of 5.7% during 2021–2028. Factors driving the market’s growth are the high prevalence of osteoporosis, the rising popularity of treatments like kyphoplasty, arthroplasty, and vertebroplasty, and the increasing geriatric population.
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The rising demand for kyphoplasty, arthroplasty, and vertebroplasty surgeries is expected to increase the sales of bone cement in the near future. Leading market players are increasing their penetration across emerging markets by expanding their distribution networks and augmented manufacturing capabilities. Emerging markets in India, South Korea, Brazil, and Mexico are expected to offer potential growth opportunities for key market share in the years to come. This can be attributed to the rise in the aging population, high prevalence of osteoporosis, increased disposable income, improved healthcare infrastructure, and growth of medical tourism in these countries.
Key Companies Synopsis- DePuy Synthes (The Orthopedics Company of Johnson & Johnson); Zimmer Biomet; Stryker Corporation; Smith & Nephew; DJO Global, Inc; Arthrex, Inc; Tecres S.p.A; Heraeus Holding GmbH; Teknimed and Cardinal Health Inc are among the leading companies operating in the global bone cement industry.
Asia Pacific has become a business-friendly and adaptable hub due to relatively less stringent regulations and data requirements. As the US and European markets mature, most players are shifting their focus to emerging markets. High investments in life science and health research in emerging countries play a crucial role in upgrading the latest technologies in these countries. This factor, in turn, supports the inclination toward bone cement industry growth. Along with this, increasing availability of novel bone cements in the global market is also indicating towards the bright future of this segment and various leading players are currently working to develop innovative bone cements, which will overcome the limitation of conventional bone cements and increase the market penetration of this segment in near future. These factors are likely to support the bone cement market in the coming years.
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The report segments the bone cement market as follows:
Based on type, the bone cement market is segmented into Polymethyl Methacrylate (PMMA) Cement, Calcium Phosphate Cement (CPC), Glass Polyalkenoate Cement (GPC), and others. Based on application, the bone cement industry is segmented into Arthroplasty, Kyphoplasty, and Vertebroplasty. Based on end user, the bone cement industry is segmented into hospitals, ambulatory surgery centers, and clinics. By geography, the market is segmented into North America (the US, Canada, and Mexico), Europe (France, Germany, the UK, Spain, Italy, and the Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, and the Rest of APAC), Middle East & Africa (Saudi Arabia, the UAE, South Africa, and the Rest of MEA), and South and Central America (Brazil, Argentina, and the Rest of SCAM).
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