Bone Cement Market Analysis and Forecast by Size, Share, Growth, Trends 2031

Bone Cement Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type [Polymethyl Methacrylate (PMMA) Cement, Calcium Phosphate Cement (CPC), and Glass Polyalkenoate Cement (GPC)], Application (Arthroplasty, Kyphoplasty, and Vertebroplasty), End User [Hospitals, Ambulatory Surgery Centers (ASCs), and Clinics], and Geography

  • Report Code : TIPHE100000838
  • Category : Medical Device
  • No. of Pages : 150
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The bone cement market size is projected to reach US$ 1.92 billion by 2031 from US$ 1.23 billion in 2023. The market is expected to register a CAGR of 5.70% during 2023–2031. Antibiotic-loaded bone cement is likely to remain a key trend in the market.

Bone Cement Market Analysis

The competition between current suppliers will strengthen due to the increased focus on developing bone cement with superior features, high quality, and safety, such as antibiotic-loaded bone cement for arthroplasty and orthopedic joint fixations.  Furthermore, the market is expanding because of the growing acceptance of procedures like kyphoplasty, arthroplasty, and vertebroplasty, which should significantly boost market growth. Additionally, the market is expected to expand due to the rising need for orthopedic bone cement and casting materials, particularly among older people.

Bone Cement Market Overview

The high frequency of osteoporosis, the rising need for kyphoplasty, arthroplasty, and vertebroplasty, and the sharply increasing aging population all contribute to the market's expansion. Furthermore, the companies have facilitated their growth through various inorganic and organic development initiatives. Companies have been using various organic strategies to expand their businesses, such as product launches. Businesses have used inorganic tactics such as partnerships, mergers, and acquisitions.

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Bone Cement Market: Strategic Insights

Bone Cement Market

  • CAGR (2023 - 2031)
    5.70%
  • Market Size 2023
    US$ 1.23 Billion
  • Market Size 2031
    US$ 1.92 Billion

Market Dynamics

GROWTH DRIVERS
  • Rising Prevalence of Osteoporosis Leads to Increase in Arthroplasty, Kyphoplasty, and Vertebroplasty Procedures
FUTURE TRENDS
  • Growing Demand for Arthroplasty Procedure.
OPPORTUNITIES
  • Significant Opportunities in Developing Regions

Key Players

  • Zimmer Biomet
  • DePuy Synthes
  • Smith & Nephew
  • DJO Global, Inc
  • Arthrex, Inc
  • Tecres S.p.A
  • Heraeus Holding GmbH
  • Cardinal Health Inc.
  • Teknimed

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Type
  • Polymethyl Methacrylate
Application
  • Arthroplasty
  • Kyphoplasty
  • Vertebroplasty
End User
  • Hospitals
  • Ambulatory Surgery Centers
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Bone Cement Market Drivers and Opportunities

Rising Prevalence of Osteoporosis Leads to Increase in Arthroplasty, Kyphoplasty, and Vertebroplasty Procedures Favors the Market Growth

The risk of fractures is increased by osteoporosis. Osteoporosis cases have increased in the last few years. For instance, the International Osteoporosis Foundation states that almost one in two of the women surveyed had experienced an osteoporosis-related fracture, making these fractures a severe health concern, and approximately four million people in the UK have osteoporosis.

Significant Opportunities in Developing Regions

Increases in kyphoplasty, arthroplasty, and vertebroplasty surgeries are anticipated to increase bone cement sales. Prominent industry participants augment their manufacturing capabilities and broaden their distribution networks to enhance their market share in developing economies. For significant bone producers of cement, emerging markets in South Korea, Mexico, Brazil, and India are anticipated to present growth prospects. The aging population, high osteoporosis prevalence, rising disposable income, better healthcare systems, and the expansion of medical tourism in these nations create lucrative opportunities. Asia Pacific has developed into a hub that is flexible and friendly to business. Most participants are turning their attention to emerging markets as the US and European markets mature. Upgrading the newest technologies in emerging nations largely depends on significant health and life sciences research investments. This, in turn, reinforces the propensity to use bone cement.

Bone Cement Market Report Segmentation Analysis

Key segments that contributed to the derivation of the bone cement market analysis are type, application, and end user.

  • Based on type, the bone cement market is divided into polymethyl methacrylate (PMMA) cement, calcium phosphate cement (CPC), and glass polyalkenoate cement (GPC). The polymethyl methacrylate (PMMA) cement segment held the most significant market share in 2023.
  • By application, the market is categorized into arthroplasty, kyphoplasty, and vertebroplasty. The arthroplasty segment held the largest share of the market in 2023.
  • By end user, the market is segmented into hospitals, ambulatory surgery centers (ASCS), and clinics. The hospitals segment held the largest share of the market in 2023.

Bone Cement Market Share Analysis by Geography

The geographic scope of the bone cement market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

The market for bone cement in the US holds the largest share among the countries of North America. The growing incidence of osteoporosis is the main factor propelling this market's expansion. Numerous partnerships and joint ventures aimed at growing the US market for bone cement have been reported in recent years. For example, the Kyphon Products Division, a division of Medtronic's Spinal and Biologics business, has achieved a significant milestone by introducing KYPHON ActivOs 10 Bone Cement with Hydroxyapatite in the US market. With the release of this product, Medtronic's cement portfolio now gives surgeons an alternative for treating patients with vertebral compression fractures (VCFs). Therefore, the US's recent introduction of the bone cement market will probably help the nation's growth.

Numerous Canadian businesses are implementing diverse approaches to expand the bone cement industry. The market players have implemented various sustainable strategies, including product launches, geographic expansion, mergers and acquisitions, and strategic collaboration. Stryker, for example, introduced simplex Bone Cement to fix implants in various orthopedic and trauma surgeries.

Bone Cement Market Report Scope

Report Attribute Details
Market size in 2023 US$ 1.23 Billion
Market Size by 2031 US$ 1.92 Billion
Global CAGR (2023 - 2031) 5.70%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Type
  • Polymethyl Methacrylate
By Application
  • Arthroplasty
  • Kyphoplasty
  • Vertebroplasty
By End User
  • Hospitals
  • Ambulatory Surgery Centers
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Zimmer Biomet
  • DePuy Synthes
  • Smith & Nephew
  • DJO Global, Inc
  • Arthrex, Inc
  • Tecres S.p.A
  • Heraeus Holding GmbH
  • Cardinal Health Inc.
  • Teknimed
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

    Bone Cement Market News and Recent Developments

    The bone cement market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the bone cement market are listed below:

    • OsteoRemedies(R) LLC, an orthopedic company focused on providing simple solutions to complex disorders, has announced FDA clearance for expanded indications for the SPECTRUM(R) GV Bone Cement. The expanded indication covers the fixation of revision hip arthroplasty components, implanted in the second stage of a two-stage revision after the initial infection has been cleared. (Source: OsteoRemedies(R) LLC, Press Release, April 2024)
    • Zimmer Biomet won a U.S. International Trade Commission case in which it was accused of stealing Heraeus trade secrets for bone cement, the compound used to fill the gap between an artificial joint and a bone. The commission rejected Heraeus Holding request to block the imports of Refobacin bone cements made in France that competes with Heraeus 's PALACOS product. (Source: Zimmer Biomet, Press Release, January 2021)

    Bone Cement Market Report Coverage and Deliverables

    The “Bone Cement Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

    • Bone cement market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
    • Bone cement market trends as well as market dynamics such as drivers, restraints, and key opportunities
    • Detailed PEST/Porter’s Five Forces and SWOT analysis
    • Bone cement market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments.
    • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Bone cement market
    • Detailed company profiles
    Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    Type, Application

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States

    Frequently Asked Questions


    Which region dominated the bone cement market in 2023?

    North America dominated the bone cement market in 2023

    What are the driving factors impacting the bone cement market?

    Key factors driving the market are the rising prevalence of osteoporosis, which leads to an increase in arthroplasty, kyphoplasty, and vertebroplasty procedures and growing demand for arthroplasty procedures.

    What are the future trends of the bone cement market?

    Growing emphasis on adopting novel drug delivery systems is likely to remain a key trend in the market.

    Which are the leading players operating in the bone cement market?

    Zimmer Biomet, DePuy Synthes, Smith & Nephew, DJO Global, Inc, Arthrex, Inc, Tecres S.p.A, Heraeus Holding GmbH, Cardinal Health Inc., Teknimed, Stryker Corporation

    What is the expected CAGR of the bone cement market?

    The market is expected to register a CAGR of 5.7% during 2023–2031.

    The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

    1. Data Collection and Secondary Research:

    As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

    Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

    1. Primary Research:

    The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

    For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

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    • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
    • Validates and strengthens in-house secondary research findings
    • Develops the analysis team’s expertise and market understanding

    Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

    • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
    • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

    Below is the breakup of our primary respondents by company, designation, and region:

    Research Methodology

    Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

    1. Data Analysis:

    Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

    • 3.1 Macro-Economic Factor Analysis:

    We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

    • 3.2 Country Level Data:

    Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

    • 3.3 Company Profile:

    The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

    • 3.4 Developing Base Number:

    Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

    1. Data Triangulation and Final Review:

    The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

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    We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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