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

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 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 (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)'

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.