PUBLISHER: The Business Research Company | PRODUCT CODE: 1619829
PUBLISHER: The Business Research Company | PRODUCT CODE: 1619829
Polymethyl methacrylate (PMMA) bone cement is a synthetic material used in orthopedic procedures to secure implants and fill bone gaps. It serves as a bonding agent between the implant and bone, ensuring that the implant remains stable. Known for its biocompatibility, this cement is commonly used in joint replacement surgeries because of its strong adhesive qualities.
The main types of polymethyl methacrylate (PMMA) bone cement includes low-viscosity, medium-viscosity, and high-viscosity. Low-viscosity cements are thin and fluid, which allows them to flow easily into small or complex bone cavities. This type of cement is used in various medical settings, including hospitals, ambulatory surgical centers, and orthopedic clinics, for different applications such as joint and vertebral procedures.
The polymethyl methacrylate (PMMA) bone cement market research report is one of a series of new reports from The Business Research Company that provides polymethyl methacrylate (PMMA) bone cement market statistics, including polymethyl methacrylate (PMMA) bone cement industry global market size, regional shares, competitors with a polymethyl methacrylate (PMMA) bone cement market share, detailed polymethyl methacrylate (PMMA) bone cement market segments, market trends and opportunities, and any further data you may need to thrive in the polymethyl methacrylate (PMMA) bone cement industry. This polymethyl methacrylate (PMMA) bone cement market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The polymethyl methacrylate (PMMA) bone cements market size has grown strongly in recent years. It will grow from $1.09 billion in 2023 to $1.17 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to research and development efforts, governments can accelerate the development of supportive policies, industry collaborations, rising number of hip and knee replacement surgeries, and rise in medical tourism.
The polymethyl methacrylate (PMMA) bone cements market size is expected to see strong growth in the next few years. It will grow to $1.52 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The projected growth during the forecast period can be attributed to several factors, evolving consumer trends and preferences, a rising number of spinal surgeries, growing patient awareness, enhanced efficacy and safety of PMMA bone cements, and a shift towards outpatient orthopedic procedures. Key trends expected during this period include the development of bioactive PMMA bone cements, PMMA bone cements infused with antibiotics, customized implants, advancements in cementing techniques, and the emergence of hybrid bone cements.
The growing incidence of sports-related injuries is anticipated to boost the expansion of the polymethyl methacrylate (PMMA) bone cement market. Sports-related injuries are physical damages sustained during sports or exercise activities, often resulting from high-intensity exercises, insufficient training, or inadequate injury prevention measures. PMMA bone cement is extensively used in orthopedic surgeries to address these injuries, offering essential structural support and stability for fractured or damaged bones. It plays a key role in securing implants during joint replacements or fracture repairs. For example, the Injury Facts report by the National Safety Council indicated that in 2023, injuries related to exercise and exercise equipment increased by 8%, reaching 482,886 from 445,642 in 2022. This rise in injuries is driving the growth of the PMMA bone cement market.
Leading firms in the polymethylmethacrylate (PMMA) bone cement sector are concentrating on creating innovative solutions, such as antibiotic-infused bone cement, to aid in the treatment of periprosthetic joint infections (PJI). This specialized bone repair material is embedded with antibiotics to help prevent and manage infections during orthopedic procedures like joint replacements. For example, in August 2024, Heraeus Medical GmbH, a medical technology company based in Germany, introduced the COPAL G+V Dual Antibiotic-loaded Bone Cement. This product combines gentamicin and vancomycin, providing extensive antimicrobial protection. It is specifically designed to minimize infection risks in high-risk orthopedic surgeries and ensures targeted antibiotic delivery to enhance postoperative results.
In July 2024, Tecres, an Italian company specializing in PMMA bone cement, entered into a partnership with Wiltrom. This collaboration aims to expand Tecres' distribution network in Europe, with Tecres offering the Tripod-Fix Vertebral Body Augmentation System from Wiltrom in countries such as Spain, Poland, and Switzerland. Wiltrom, a US-based company, focuses on spinal and interbody fixation systems.
Major companies operating in the polymethyl methacrylate (PMMA) bone cements market are Cardinal Health Inc., Johnson & Johnson, Medtronic plc, Heraeus Medical GmbH, Stryker Corporation, Zimmer Biomet Holdings Inc., Enovis, Merit Medical Systems, Orthofix Inc., Exactech Inc., Mathys AG Bettlach, Summit Medical Group, Aap Implantate AG, Makevale Ltd, OSARTIS GmbH, Cambridge Polymer Group Inc., Teknimed SA, Morulaa HealthTech Pvt. Ltd., Tecres S.p.A., BioMedtrix LLC
North America was the largest region in the polymethyl methacrylate (PMMA) bone cements market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the polymethyl methacrylate (PMMA) bone cements market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the polymethyl methacrylate (PMMA) bone cements market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The polymethyl methacrylate (PMMA) bone cement market consists of sales of standard PMMA bone cement, antibiotic-loaded PMMA bone cement, and fast-setting PMMA bone cement. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Polymethyl Methacrylate (PMMA) Bone Cements Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on polymethyl methacrylate (PMMA) bone cements market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for polymethyl methacrylate (PMMA) bone cements ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The polymethyl methacrylate (PMMA) bone cements market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.