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

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.