Bone Cement Market Size, Share, Growth Analysis, By Product Type(PMMA Cement, Glass Polyalkenoate Cement, and Calcium Phosphate Cement), By Application(Arthroplasty (Total Hip Arthroplasty, Total Knee Arthroplasty, Total Shoulder Arthroplasty) and Others), By Region - Industry Forecast 2024-2031

Bone Cement Market size was valued at USD 1.103 billion in 2021 and is poised to grow from USD 1.24 billion in 2023 to USD 1.87 billion by 2030, at a CAGR of 6.01% during the forecast period (2023-2030).

The bone cement market features a competitive landscape with several key players vying for market share. Companies in the market focus on product development, strategic partnerships, mergers and acquisitions, and geographical expansion to strengthen their market position. These companies invest in research and development activities to introduce innovative and advanced bone cement products to cater to the evolving needs of healthcare professionals and patients. Moreover, collaborations with healthcare institutions, orthopedic surgeons, and distributors are common strategies to enhance market penetration. With a focus on product quality, efficacy, and safety, the competitive landscape of the bone cement market is expected to witness further advancements and intense competition in the coming years. 'Stryker Corporation - United States', 'Zimmer Biomet Holdings Inc. - United States', 'DePuy Synthes (Johnson & Johnson) - United States', 'Smith & Nephew plc - United Kingdom', 'DJO Inc. - United States', 'Heraeus Holding GmbH - Germany', 'Medtronic plc - Ireland', 'Tecres S.p.A. - Italy', 'B. Braun Melsungen AG - Germany', 'Exactech Inc. - United States', 'DJO Finance LLC - United States', 'BoneSupport AB - Sweden', 'Biomet UK Ltd. - United Kingdom', 'Synimed Synergie Ingénierie Médicale - France', 'Tecres Medical Srl - Italy', 'Corin Group PLC - United Kingdom', 'G-21 s.r.l. - Italy', 'Medacta International SA - Switzerland', 'Sirakoss Ltd. - United Kingdom', 'TEKNIMED SAS - France'

The growing incidence of orthopedic conditions such as osteoporosis, arthritis, and fractures are a major driver for the bone cement market. As the aging population increases and lifestyles become more sedentary, the demand for orthopedic surgeries and treatments rises, boosting the need for bone cement.

The bone cement market is experiencing several key market trends that are shaping its growth and development. One significant trend is the increasing adoption of minimally invasive surgical procedures, which require the use of bone cement for fixation and stabilization of implants. Minimally invasive techniques offer advantages such as smaller incisions, reduced tissue trauma, faster recovery, and shorter hospital stays.

The bone cement market demonstrates varying growth rates and sizes across different regions. In terms of the fastest-growing region, Asia-Pacific stands out. This region is witnessing rapid growth due to the increasing prevalence of orthopedic conditions, rising geriatric population, and growing healthcare infrastructure in countries like China and India. The demand for bone cement is also driven by the rising number of orthopedic surgeries and the adoption of advanced medical technologies in the region.