PUBLISHER: Global Insight Services | PRODUCT CODE: 1598644
PUBLISHER: Global Insight Services | PRODUCT CODE: 1598644
The global bone cement market is anticipated to expand from $1.2 billion in 2023 to $2.5 billion by 2033, reflecting a CAGR of 7.5%.
The bone cement market encompasses the industry dedicated to the development, production, and distribution of materials used to anchor implants and fill voids in the bone during orthopedic surgeries. This market includes polymethylmethacrylate (PMMA) and other advanced formulations that enhance surgical outcomes by providing stability and promoting bone regeneration. It serves a critical role in procedures such as joint arthroplasty, spinal surgeries, and trauma repair, reflecting advancements in medical technology and an aging global population.
The bone cement market is witnessing robust growth, primarily driven by the increasing prevalence of orthopedic disorders and the aging population. Among the product segments, polymethyl methacrylate (PMMA) bone cement holds a dominant position due to its wide application in joint arthroplasty and vertebroplasty. Calcium phosphate cement emerges as the second-highest performing sub-segment, favored for its biocompatibility and bone regeneration capabilities. In terms of application, joint arthroplasty leads the market, bolstered by the rising number of hip and knee replacement surgeries. The vertebroplasty segment follows closely, reflecting advancements in minimally invasive procedures. Geographically, North America is the leading region, supported by advanced healthcare infrastructure and high adoption rates of innovative orthopedic solutions. Europe ranks as the second-highest performing region, driven by a significant geriatric population and favorable reimbursement policies. The Asia-Pacific region is projected to experience rapid growth, fueled by increasing healthcare investments and a burgeoning patient pool.
Key Companies
Teknimed, Heraeus Medical, G21, Tecres, Biocomposites, Stryker, Zimmer Biomet, DJO Global, Medacta, Exactech, Smith and Nephew, Osseon, Alphatec Spine, Orthofix, Aap Implantate, Medtronic, De Puy Synthes, Cook Medical, Spine Wave, Innovative Surgical Solutions
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