Bone Cement Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Bone Cement Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

  • Transparency Market Research
  • Ongoing
  • Healthcare IT

Report Description

Bone cement is commonly known as polymethylmethacrylate (PMMA) and is widely used for implant fixation in various orthopedic, dental, and trauma surgeries. Bone cement has no intrinsic adhesive properties; however, it relies on close mechanical interlock between the irregular bone surface and the prosthesis. Commercially, bone cement is available as calcium phosphate cement (CPC) and glass polyalkenoate (ionomer) cement (GPC). CPC is bioabsorbable and biocompatible, used primarily in cranial and maxillofacial surgeries due to its low mechanical strength. The use of various bone cements have evolved over the past century. Research to develop clinical applications and reduce the adverse effects associated with its use in surgery still continues.

High prevalence of osteoporosis is a major factor driving the global bone cement market. Rise in incidence of periodontics among young adults, growing demand for orthopedic bone cement and casting materials, especially among the geriatric population are few other factors that are anticipated to drive the bone cement market. Increasing number of domestic and global players entering the market with new ingredients such as antibiotic-impregnated bone cement has significantly increased its use in pathological fractures and general prosthetic fixation. According to the World Health Organization, the global population aged 85 years and above will increase by 351% during the next 40 years. Springer Nature’s Osteoporosis International journal published that around 158 million people aged 50 years and above are prone to developing bone fractures. The research further stated that bone fractures could double by 2040. However, some factors such as preference for bone graft over bone cement products in major orthopedic surgeries and local inflammation resulting in chronic complications in hip replacements can restrain the market during the forecast period.

The global bone cement market can be segmented based on product type, application, end-user, and regions. In terms of product type, the bone cement market can be segmented into powder and liquid cement. Liquid bone cement is categorized into monomer, accelerator, and stabilizer. In terms of application, the market can be segmented into orthopedic and dental. The orthopedic segment accounted for a prominent share of the global market in 2016. Increasing prevalence of knee surgeries and rising sports related injuries, especially in emerging economies such as China, Brazil, and India contributed to the expansion of the segment. In terms of end-user, the market can be segmented into hospitals, orthopedic clinics, dental clinics, aesthetics, ambulatory care centers, and others.

Based on regions, the global bone cement market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to dominate the market during the forecast period. According to Centers for Disease Control and Prevention report, an estimated 3.5 Mn to 4.4 Mn people visiting the emergency department are diagnosed with fractures every year. Healthcare costs associated with the treatment of osteoporotic fractures range between US$ 17 Mn and US$ 20 Bn, annually. Furthermore, increasing prevalence of arthritis and periodontal diseases, especially in developing countries such as China and India has led to increase in demand for orthopedic and dental surgeries. According to the International Osteoporosis Foundation, report published in 2017 estimates nearly 8.9 million fractures that occur every year are attributed to osteoporosis. The disease affected more than 75 million people in Europe, U.S., and Japan. Knee surgeries, general prosthetic fixation, and dental diseases have increased in Asia Pacific. This is anticipated to fuel the demand for cost-effective surgeries, which is projected to drive the bone cement market in Asia Pacific during the forecast period.

Key players operating in the global bone cement market include Heraeus Holding, DJO Global, Stryker, Zimmer Biomet, TEKNIMED, Smith & Nephew, 3M, Exactech, Inc., DePuy Synthes Companies, Orthofix International N.V., and BSN medical GmbH.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market 

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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