USD 1.103 billion
Bone Cement Market Size, Share, Growth Analysis, By Product(Polymethyl Methacrylate (PMMA) Cement, Glass Polyalkenoate Cement, Calcium Phosphate Cement), By Application(Arthroplasty (Total Knee Arthroplasty, Total Shoulder Arthroplasty, Total Hip Arthroplasty), Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35A2690 |
Region:
Global |
Published Date: October, 2024
Pages:
157
|Tables:
63
|Figures:
75
Bone Cement Market Insights
Global Bone Cement Market size was valued at USD 1.1 billion in 2022 and is poised to grow from USD 1.16 billion in 2023 to USD 1.84 billion by 2031, growing at a CAGR of 5.9% during the forecast period (2024-2031).
The bone cement market growth is boosted by different factors like the growing prevalence of orthopedic disorders increasing from higher trauma rates. Furthermore, the adoption of minimally invasive methods is increasing, which is increasing quicker recovery and minimizing patient discomfort. Furthermore, the usage of bone cement in interventional processes is rising, contributing to improved patient treatment results. The market is also boosted by the increasing prevalence of orthopedic disorders and rising number of ambulatory surgical centers. These factors are cumulatively fueling the market expansion, addressing the rising demand for orthopedic solutions besides evolving medical requirements.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
PMMA Cement
Fastest Growth
PMMA Cement
Growth Rate
6.01% CAGR
Global Bone Cement Market ($ Bn)
Country Share for North America Region (%)
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Bone Cement Market Segmental Analysis
Global Bone Cement Market is segmented by Product, Application, and region. Based on Product, the market is segmented into Polymethyl Methacrylate (PMMA) Cement, Glass Polyalkenoate Cement, and Calcium Phosphate Cement. Based on Application, the market is segmented into Arthroplasty, and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Product
Based on product, polymethyl methacrylate (PMMA) cement segment is dominating the market with the largest bone cement market share. It is extensively employed to provide a solid fixation for the implants attached to the bone in joint replacement surgeries, including hip and knee arthroplasties. The developments in PMMA formulations for improved mechanical properties lead to longer-lasting results and lower revision rates. PMMA is also preferred by the surgeon and health care provider attending because it has a shorter setting time, dependable, and is easy to apply. The growth of this segment is primarily driven by increasing global demand for joint replacements, resulting from an aging population and a growing number of people with osteoarthritis. Further developments in antibiotic-loaded PMMA also respond to infection hazards, solidifying its lungs in the market.
The glass polyalkenoate cement segment is witnessing the fastest growth in the bone cement market. Glass polyalkenoate cement (GPC) is a relatively new polymer restorative material gaining a foothold in the bone cement market due to its bioactive properties to enhance bone regeneration. GPC however unlike PMMA, it releases fluoride ions, which helps in mineralization and direct bonding to the bone tissues. This makes it a popular material choice for minimally invasive procedures and dental. By having a more gradual exothermic reaction, GPC minimizes the thermal trauma to the adjacent tissues during application and thus improves patient outcomes. It is being used increasingly in spinal and trauma surgery, where a strong but biological adhesive is required. New research and clinical studies are fueling GPC innovations that lead to solutions with enhanced mechanical strength and durability. This segment to gain significant growth as healthcare is always shifting towards bioactive and sustainable solutions.
Analysis by End User
Based on end user, the hospital segment is dominating the bone cement market. Hospitals hold the largest share owing to the increasing population requiring high volume and complex orthopedic surgeries at these healthcare settings. Rising investments toward healthcare infrastructure, especially in developing nations, coupled with the growing instance of chronic orthopedic diseases are driving the segment. Hospitals use antibiotic-loaded bone cements to alleviate post-surgical infections and ensure patient safety. In addition, collaboration with manufacturers in bulk procurement and site product demonstrations is improving adoption. This will help to ensure the outpatient surgeries within hospital facilities continues to grow as an ongoing trend.
As per bone cement market analysis, the ambulatory surgical centers segment is expected to witness the fastest growth during the forecast period. The increasing preference of cost-effective and hassle-free outpatient procedures is expected to boost the growth of the ASC segment, driving the bone cement market over the forecast period. ASCs are very specialized in orthopedic surgeries that are minimally invasive, like arthroscopy or small fractures, and they frequently utilize bone cement. These settings are also associated with quicker recovery times and reduced risk of infection compared to conventional hospital settings. The rising trend of ASCs in advanced and developing regions is driven by increasing preference of same-day surgeries and easier reimbursements. The growing trend of patient-centric care delivery is driving innovation in lightweight, quick-setting bone cement for ambulatory settings.
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Bone Cement Market Regional Insights
North America is dominating with the largest bone cement market share. The growth in this region is due to availability of developed healthcare infrastructure and implementation of high penetration of advanced medical devices in this region. The largest contributor in the region is USA, driven by its massive ageing population plus a rise in joint-related disorders including arthritis. Many R&D activities focus on the advancement of bone cement compositions that can minimize the post-operative complications. Furthermore, an increase in the number of outpatient surgeries and high preference for minimally invasive surgeries is driving the market growth. Continuous advancement of technology, ensure that North America continues to lead the global bone cement market.
The Asia-Pacific market is witnessing the fastest growth in the bone cement market. The region is going through a considerable growth rate in bone cement market, owing to rising healthcare costs and awareness regarding orthopedic procedures in this region. This expansion is especially driven by the increasing aging populations and frequency of fracture related to osteoporosis in countries such as China, India, and Japan. Market demand for cost effective surgical solutions helped by government initiatives for improving healthcare access and the presence of local manufacturers with comparatively lower pricing helps in a better market penetration in this region. There are challenges at rural awareness and regulatory levels, but these barriers are fading as healthcare infrastructure grows in developing countries faster than ever before.
Global Bone Cement Market By Geography
- Largest
- Fastest
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Bone Cement Market Dynamics
Bone Cement Market Drivers
Growing Prevalence of Orthopedic Disorders
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The growing prevalence of orthopedic conditions like osteoarthritis, osteoporosis, and fractures are some of the substantial drivers for the bone cement market. With the global aging population, the demand for joint replacement surgeries is rapidly increasing, driving the requirement for bone cement. Furthermore, PMMA cement is massively utilized in procedures such as high and knee arthroplasties, improving the stability of implant.
Growing Demand of Spinal Procedures
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In recent times, the number of spinal disorders has immensely increased, which includes vertebral compression fractures and degenerative disc problems, boosting the bone cement market. Common processes that are used for treating spinal fractures are vertebroplasty and kyphoplasty. These immensely depends on bone cement for stabilization and pain relief. Moreover, technological advancements in cement formulations have enhanced results, making such processes more dependable.
Bone Cement Market Restraints
Strict Regulatory Approvals
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The bone cement market has to deal with huge difficulties because of strict regulatory frameworks and long approval procedures. The regulatory bodies like FDA and EMA have implemented stringent clinical trials and compliance along with safety standards that are delaying the launches of the products. Such situations frequently discourage many small organizations from venturing into the market owing to the high expenses related to research and development.
Possible Side Effects and Complications
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The possibilities of complications related with bone cement like bone cement implantation syndrome has increased concerns among many medical professionals and patients. BCIS shows symptoms such as hypoxia and cardiac arrest, that can happen during or after the surgeries with cement. Moreover, allergic reactions and local tissue damages have also been reported in some of the cases. These factors are discouraging many medical providers and patients the use of bone cement.
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Bone Cement Market Competitive Landscape
The bone cement industry is highly competitive with top players such as Stryker Corporation, Zimmer Biomet, and Heraeus Medical dominating the field. These companies are focusing on more innovative cement formulations with improved biocompatibility and minimized exothermic reaction. The common strategy to increase market footprints and improve the product portfolio is through collaboration, mergers and acquisitions. New entrants are also gaining market share, especially in emerging markets, by using cost advantage and local expertise. Moreover, the R&D expenditure is fueled by rise of personalized and patient-specific options. The competitive landscape is characterized by technological innovation, alliances, and unmet clinical needs for a given disease space.
Bone Cement Market Top Player’s Company Profiles
- Stryker (US)
- Merck KGaA (Germany)
- Johnson & Johnson (Depuy Synthes) (US)
- Zimmer Biomet (US)
- Smith & Nephew (UK)
- Arthrex, Inc. (US)
- Exactech (US )
- Heraeus Holding (Germany)
- Cardinal Health (US)
- B. Braun Melsungen AG (Germany)
- Medtronic plc (Ireland)
- Geuder AG (Germany)
- NuVasive, Inc. (US)
- Heraeus Medical GmbH (Germany)
- Curasan AG (Germany)
- Biometrix (US)
- Siora Surgicals Pvt. Ltd. (India)
- Promedics Orthopaedics (US)
- Synthes GmbH (Switzerland)
- 3M Company (US)
- OsteoMed LLC (US)
- Elekta AB (Sweden)
- Surgical Specialties Corporation (Canada)
Bone Cement Market Recent Developments
- In June 2024, Stryker, a leading medical tech firm released a market-best Simplex R Bone Cement. The new cement, which is meant for higher handling and curing propensity, is designed for orthopedic treatments. According to Stryker, the launch expands its portfolio of bone cement solutions to meet increasing orthopedic market demands.
- In July 2022, GRAFTYS SA, a specialist both for the market and internal resorbable bone cement for used in orthopedic surgery, completed an investment round of 2.0 Million Euro with existing shareholders in order to leverage the commercial development and upcoming product launches.
- In April 2024, Johnson & Johnson acquired Tecres S.p.A., an Italian bone cement company, through its DePuy Synthes division. The acquisition will allow DePuy Synthes to enhance its bone cement and improves its presence in Europe. Tecres is the established leader in innovative bone cement formulations for joint replacement and trauma procedures.
Bone Cement Key Market Trends
- Advent of Antibiotic-Loaded Bone Cement: The advancement of antibiotic-loaded bone cements is a growing bone cement market trend. This addresses the dual requirement for infection control and structural support in orthopedic surgeries. Such formulations can release antibiotics locally, minimizing the risk of post-surgical infections without side effects. This innovation is extremely beneficial for high-risk processes like joint replacements in patients with diabetes or immune disorders.
- Increasing Implementation of Biodegradable Bone Cement: The popularity of biodegradable bone cements is increasing rapidly. This is because they are an eco-friendly and patient-centric alternative compared to conventional PMMA-based products. These cements provide gradual resorption and replacement by natural bone tissue, which reduces any long-term complications. Moreover, researchers are also emphasizing advanced materials like calcium phosphate and magnesium-based cements for improving biocompatibility and mechanical strength.
Bone Cement Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the bone cement industry is a fast-moving segment that is being propelled by technological innovations in orthopaedic and trauma surgeries. Bone cement is primarily used for implant fixation to bone and is regarded as essential material for component fixation in joint replacement surgery and in vertebroplasty and kyphoplasty. Growth in the market can be attributed to the increase in the geriatric population, rising cases of osteoporosis, and growing awareness of minimally invasive procedures. Polymethyl methacrylate (PMMA) has been a dominant favorable material for this application owing to its mechanical strength and biocompatibility. An increasingly popular material is glass polyalkenoate cement, which offers improved bioactivity. Despite challenges, everything from regulatory hurdles to potential side effects, the market continues to grow around the world, driven forward by innovation in surgical techniques and material formulation.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.1 billion |
| Market size value in 2031 | USD 1.84 billion |
| Growth Rate | 5.9% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Bone Cement Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Bone Cement Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Bone Cement Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Bone Cement Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Bone Cement Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Bone Cement Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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