The bone cement market is projected to reach US$ 1,626.52 million by 2028 from US$ 1,103.00 million in 2021. It is expected to grow at a CAGR of 5.7% from 2021 to 2028.
Bone cement is used to fix prostheses to the bone in orthopedic musculoskeletal surgical procedures for osteoporosis, osteoarthritis, rheumatoid arthritis, traumatic arthritis, vascular necrosis, severe joint destruction secondary to trauma, collagen disease, and revision of previous arthroplasty procedures.
The bone cement market is analyzed on the basis of product type, application, end user, and geography. By geography, the bone cement market is broadly segmented into North America, Europe, Asia Pacific, the Middle East and Africa (MEA), and South and Central America. The report offers insights and in-depth analysis of the bone cement market, emphasizing parameters, such as market trends, technological advancements, and market dynamics, along with the analysis of the competitive landscape of the world's leading market players.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Bone Cement Market: Strategic Insights
Market Size Value in US$ 1,103.00 Million in 2021 Market Size Value by US$ 1,626.52 Million by 2028 Growth rate CAGR of 5.7% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
Akshay
Have a question?
Akshay will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Bone Cement Market: Strategic Insights
| Market Size Value in | US$ 1,103.00 Million in 2021 |
| Market Size Value by | US$ 1,626.52 Million by 2028 |
| Growth rate | CAGR of 5.7% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
Akshay
Have a question?
Akshay will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Lucrative Regions for Bone Cement Market
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Market Insights
Rising Prevalence of Osteoporosis Drives Bone Cement Market Growth
Osteoporosis is characterized by low bone density and deterioration of bone tissue. Osteoporosis increases the risk of fractures. In recent years, there have been growing cases of osteoporosis. For instance, according to an article published by Restore Programme in October 2020, each year, osteoporosis causes more than 8.9 million fractures globally, which corresponds to one every three seconds, with one in three women and one in five men over 50 suffering from an osteoporotic fracture.
In addition, according to the International Osteoporosis Foundation, the global incidence of hip fracture is projected to grow by 240% in women and 310% in men by 2050, compared to rates in 1990. It is estimated that more than about 50% of all osteoporotic hip fractures are likely to occur in Asia by 2050. Moreover, in the 29 countries of Europe (European Union + Switzerland and the UK), the number of new fragility fractures was expected to reach 4.3 million in 2019 as per the data of International Osteoporosis Foundation, with 826,708 hip fractures (19%), 636,705 forearm fractures (15%), 662,544 vertebral fractures (16%), and 2,149,591 other fractures (50% ). Similarly, between 2019 and 2034, the population aged 50 and up is expected to grow by 11.4%. The population aged 75 and above increased significantly, with 29.6% in women and 42.6% in men.
Based on the fracture counts, determined from age- and sex-specific incidence and population size in 5-year age intervals, the annual number of osteoporotic fractures in the 29 countries of Europe (European Union + Switzerland and the UK), is predicted to increase by 1.06 million, from 4.28 million in 2019 to 5.34 million in 2034. The percentage rise throughout the 15 years will vary significantly by country, ranging from a moderate 8% growth in Latvia to a spectacular 58% growth in Ireland.
Osteoporosis leads to increased occurrence of fractures and procedures of the joint. Hence, the rising prevalence of osteoporosis is boosting the demand and sales of bone cement, contributing to the growth of the bone cement market.
Rising Demand for Arthroplasty Contributes Significantly to Bone Cement Market Growth
Arthroplasty is a procedure performed to restore the function of a joint by bringing about realignment and restoration. In recent years, arthroplasty procedures have increased due to advancements in the type of technology being used. According to the American Association of Neurological Surgeons, about 75,000 people suffer from vertebral compression fractures each year.
Additionally, according to the American Academy of Orthopedic Surgeons (AAOS), osteoporosis-induced fractures commonly occur in the spine. Spinal fractures (known as vertebral compression fractures) occur an estimated 1.5 million times every year in the US. They are almost double as common as other fractures generally associated with osteoporosis, such as hip and wrist.Distribution of Arthroplasty Procedures According to American Academy of Orthopedic Surgeons, 2012–2019
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Source: The Insight Partners Analysis, Primary Interviews, Magazines and Journals, and Secondary Sources
Furthermore, according to Canadian Institute for Health Information (CIHI), hip and knee replacements are still the two prevalent procedures in Canada, with more than 138,000 surgeries performed annually.
Arthroplasty is performed when medical treatments fall short to relieve the pain and restore the functioning of the joint. Hence, it has been preferred in recent years. The increase in the number of arthroplasty procedures is anticipated to drive the demand for bone cement during the forecast period.
Type Insights
Based on type, the global bone cement market is segmented into polymethyl methacrylate (PMMA) cement, calcium phosphate cement (CPC), and glass polyalkenoate cement (GPC). In 2020, the polymethyl methacrylate (PMMA) cement segment held the largest share of the market. Moreover, the calcium phosphate cement (CPC) segment market is expected to grow at the highest CAGR during the period from 2021 to 2028. PMMA is a plastic with excellent mechanical properties and minimal toxicity. It is popular for hip-joint transplants because of its inert properties, but it degrades slowly. There is an increasing demand for PMMA bone cement due to its extensive use in various orthopedic procedures, such as arthroplasty, kyphoplasty, and vertebroplasty. The surge in demand for the polymethyl methacrylate (PMMA) cement is bolstering this segment's market
Application Insights
Based on application, the bone cement market is segmented into arthroplasty, kyphoplasty, and vertebroplasty. The arthroplasty segment held the largest bone cement market share in 2020, and it is further expected to be the largest shareholder in the bone cement market by 2028. Arthroplasty is performed when medical treatments fall short to relieve the pain and restore the functioning of the joint. Hence, it has been preferred in recent years. The surge in demand for arthroplasty is bolstering this segment's market.
End-use Insights
Based on end user, the bone cement market is segmented into hospitals, ambulatory surgery centers (ASCs), and clinics. The hospital segment held the largest market share in 2020, and it is further expected to be the largest shareholder in the market by 2028. The growth of the segments is attributed to the growing number of cases of osteoporosis. Hospitals are the primary healthcare centers where orthopedic surgeries, such as kyphoplasty, arthroplasty, and vertebroplasty, are extensively treated, which bolstered the market growth of this segment.
Bone Cement Market, by Type – 2021 and 2028
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Product launches and mergers and acquisitions are the highly adopted strategies by the players operating in the global bone cement market. A few of the recent key product developments are listed below:
- In January 2021, Zimmer Biomet won a US 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's request to block the imports of Refobacin bone cement made in France that competes with Heraeus's PALACOS product.
- In July 2021, Arthrex, Inc. entered into a distribution agreement with Celularity Inc. to distribute and commercialize Celularity's placental-derived biomaterial products for orthopedics and sports medicine in the US. Under the terms of the deal, Celularity provided Arthrex with exclusive commercial distribution rights for orthopedic surgery and sports medicine and continued to be responsible for product manufacturing and supply.
Several companies have experienced severe losses in the last quarter of 2019; they have also negatively influenced the first and second quarters of 2020. Hence, the impact of COVID 19 on the bone cement market was immediate and drastic. The businesses in the region are hampered due to disruption in the supply chain and an increase in demand. To reduce COVID 19 infection in hospitals and clinics, healthcare practitioners and patients are adopting and preferring remote patient treatment. Under these unforeseeable circumstances, the orthopedic practice could not remain unaffected. Many surgical treatments and non-urgent consultations were canceled or postponed. Elective surgery was suspended in many institutions, and the overall volume of orthopedic cases fell dramatically to limit the spread of the virus and reserve and reallocate resources in healthcare personnel (nurses, anesthesiologists), medical equipment (personal protective equipment, ventilators), and beds. Even when hospitals resumed elective surgeries, cases were prioritized based on clinical urgency, causing severe delays in regular and time-sensitive elective care for orthopedic patients.
Bone Cement Market – Segmentation
Bone Cement Market - By Type
- Polymethyl Methacrylate (PMMA) Cement
- Calcium Phosphate Cement (CPC)
- Glass Polyalkenoate Cement (GPC)
- Others
Bone Cement Market - By Application
- Arthroplasty
- Kyphoplasty
- Vertebroplasty
Bone Cement Market - By Geography
- North America
- US
- Canada
- Mexico
- Europe
- France
- Germany
- UK
- Italy
- Spain
- Rest of Europe
- Asia Pacific (APAC)
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
- UAE
- Rest of the Middle East & Africa
- South and Central America (SCAM)
- Brazil
- Argentina
- Rest of South and Central America
Bone Cement Market - Company Profiles
- DePuy Synthes (The Orthopedics Company of Johnson & Johnson)
- Zimmer Biomet
- Stryker Corporation
- Smith & Nephew
- DJO Global, Inc.
- Arthrex, Inc.
- Tecres S.p.A.
- Heraeus Holding GmbH
- Teknimed
- Cardinal Health Inc.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
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
The bone cement market majorly consists of the players such as, DePuy Synthes (The Orthopedics Company of Johnson & Johnson); Zimmer Biomet; Stryker Corporation; Smith & Nephew; DJO Global, Inc.; Arthrex, Inc.; Tecres S.p.A.; Heraeus Holding GmbH; Teknimed and Cardinal Health Inc.
The global bone cement market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. The US holds the largest share of the market in this region. The market growth in the country is attributed to the increasing prevalence of osteoporosis, rising innovations in bone cement, increasing geriatric population and rising visit to the emergency department for the diagnosis of a fracture in the region.
The Asia Pacific region is expected to account for the fastest growth in the bone cement market. In Japan, India and South Korea, the market is expected to grow owing to the ongoing research activities related to bone cement products in the region.
Several factors are believed to affect bone cement market in the coming years. Factors such as the high prevalence of osteoporosis, rising popularity of treatments like kyphoplasty, Arthroplasty and vertebroplasty, and rising geriatric population are driving the market growth. However, the issues associated with bone cement and availability of substitutes is expected to hamper the bone cement market growth.
Bone cement is used for the fixation of prostheses to the bone in orthopedic musculoskeletal surgical procedures for osteoporosis, osteoarthritis, rheumatoid arthritis, traumatic arthritis, vascular necrosis, severe joint destruction secondary to trauma, collagen disease, and revision of previous arthroplasty procedure.
The global bone cement market based on type is segmented into polymethyl methacrylate (PMMA) cement, calcium phosphate cement (CPC), and glass polyalkenoate cement (GPC). The polymethyl methacrylate (PMMA) cement segment is likely to hold the largest share of the market in 2021. Moreover, the calcium phosphate cement (CPC), segment is anticipated to register the highest CAGR in the market during the forecast period, due to bio resorbable and biocompatible properties.
The List of Companies - Bone Cement Market
- DePuy Synthes (The Orthopedics Company of Johnson & Johnson)
- Zimmer Biomet
- Stryker Corporation
- Smith & Nephew
- DJO Global, Inc.
- Arthrex, Inc.
- Tecres S.p.A.
- Heraeus Holding GmbH
- Teknimed
- Cardinal Health Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- 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.
- 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.
A typical research interview fulfils the following functions:
- 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:
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.
- 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.
- 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.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
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.
Trends and growth analysis reports related to Bone Cement Market
Feb 2022
Colonoscopes Market
Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Fiber Optic Colonoscopy Devices, Video Colonoscopy Devices); Application (Colorectal Cancer, Lynch Syndrome, Ulcerative Colitis, Crohn's Disease, Polyp); End User (Hospitals, Ambulatory Surgery Center, Others), and Geography
Feb 2022
Noninvasive Fat Reduction Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Technology (Cryolipolysis, Laser Lipolysis, Ultrasound, and Others), End User (Hospitals, Dermatology Clinics & Cosmetic Clinics, and Others), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)
Feb 2022
Medical Ultrasound Flow Meter Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Implementation Type (Clamp-On, Inline, and Others), Technology (Doppler, Transit Time, and Hybrid), Application (Heart and Lung Machines, Extracorporeal Membrane Oxygenation, Perfusion, Organ Transportation Systems, and Others), End User (Hospitals and Clinics, Ambulatory Surgical Centers, Research Laboratories, and Others), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)
Feb 2022
Rapid Test Kits Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Rapid Antigen Testing, Rapid Antibody Testing, and Others), Product (Over-the-Counter Rapid Testing Kit and Professional Rapid Testing Kit), Technology (Lateral Flow Assay, Solid Phase, Agglutination, Immunospot Assay, and Cellular Component-Based), Application (Blood Glucose Testing, Infectious Disease Testing, Pregnancy and Fertility, Cardiometabolic Testing, and Others), End User (Hospital and Clinics, Home Care, Diagnostics Centers, and Others), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)
Feb 2022
Osteoarthritis Therapy Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Therapy Type [Transcutaneous Electrical Nerve Stimulation (TENS), Occupational Therapy, Physical Therapy, Platelet-Rich Plasma Therapy and Stromal Vascular Fraction, Prolotherapy, and Others], Disease Indication (Knee Osteoarthritis, Spine Osteoarthritis, Foot and Ankle Osteoarthritis, Shoulder Osteoarthritis, Hand Osteoarthritis, and Others), End User (Hospitals & Clinics, Specialty Clinics, Ambulatory Surgical Centers, Homecare, and Others), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)
Feb 2022
Bariatric Surgeries Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type [Adjustable Gastric Bands (AGB), Sleeve Gastrectomy, Gastric Bypass, Biliopancreatic Diversion with Duodenal Switch (BPD-DS), and Others], End User (Hospitals and Ambulatory Surgical Centers), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)
Feb 2022
Post-Acute Care Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Service Type (Skilled Nursing Facilities, Inpatient Rehabilitation Facilities, Long-Term Care Hospitals, Home Health Agency, and Others), Age (Elderly, Adult, and Others), Disease Conditions (Amputations, Wound Management, Brain Injury and Spinal Cord Injury, Neurological Disorders, and Others), and Geography
Feb 2022
Lung Cancer Therapy Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Therapy Type (Noninvasive and Minimally Invasive), Indication (Non-Small Cell Lung Cancer and Small Cell Lung Cancer), End User (Hospitals, Oncology Clinics, Research Centers, and Others), and Geography (North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa)