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 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.  '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)'

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.  

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.