Orthopedic Bone Cement Market to Grow with a CAGR of 5.99% through 2030
Increased orthopedic conditions, technological advancements and an increase
in the aging population is expected to drive the Global Orthopedic Bone Cement
Market growth in the forecast period, 2026-2030.
According to TechSci Research report, “Orthopedic Bone Cement Market –
Global Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2030”, the Global Orthopedic Bone Cement Market stood at USD 777.57 Million in 2024 and is anticipated to grow with a CAGR of 5.99% in the
forecast period through 2030. This can be attributed to lifestyle changes and
awareness. Changing lifestyles, including higher levels of physical activity
and a focus on health and fitness, are driving people to seek orthopedic
solutions for conditions that were once endured without intervention.
Additionally, greater awareness about the benefits of joint replacement
surgeries, improved quality of life, and shorter recovery times is encouraging
individuals to opt for these procedures. This trend is contributing to the
growing demand for orthopedic bone cement. Moreover, the orthopedic bone cement
market is expanding its presence in emerging markets. Developing countries are
witnessing significant growth in healthcare infrastructure, increasing access
to medical services, and training more healthcare professionals. As a result,
the demand for orthopedic procedures and products, including bone cement, is on
the rise in these regions.
The market for orthopedic bone cement and casting materials was
significantly affected by the COVID-19 pandemic. The global lockdowns imposed
during the pandemic restricted mobility and led to a decline in orthopedic
procedures worldwide. Additionally, in the early days of the pandemic, there
was a noticeable decrease in road accidents globally. For instance, a study
published in March 2022 by Rensselaer Polytechnic Institute revealed that
during the initial two months of the COVID-19 pandemic, when residents in most states
of the United States were mandated to stay at home, the number of traffic
accidents nearly halved. In Louisiana, traffic accidents decreased by 47.0%,
injuries from traffic accidents dropped by 46.0%, and ambulance calls for
accidents decreased by 41.0% between March and May 2020. However, as the
COVID-19 situation improves and restrictions worldwide ease, the market is
expected to experience significant growth, driven by a backlog of procedures
that will increase surgical volumes.
The increasing prevalence of orthopedic disorders and a rising incidence
of trauma and accidents are contributing to a growing number of orthopedic
procedures globally. Furthermore, the aging population is expected to further
boost the number of procedures, thereby driving market growth. According to
data from the Arthritis Foundation, in 2021, more than 350 million people
worldwide were affected by arthritis. In 2020, approximately 30.8 million
adults suffered from arthritis, with 14 million individuals in the United
States experiencing symptomatic knee osteoarthritis. By 2050, the number of
adults in the United States diagnosed with osteoarthritis is projected to
increase by 49% to reach 78.4 million. This same source also predicts a 52%
increase in the number of adults reporting activity limitations due to
arthritis, reaching 34.6 million by 2040. With the rising incidence of
orthopedic conditions, such as arthritis leading to spinal fractures requiring
bone cement, there is an increasing demand driving market growth. Additionally,
the use of bone cement for surgical purposes is expected to rise, further
fueling market expansion.
Other factors, including a growing geriatric population and a higher
incidence of orthopedic injuries, are anticipated to drive the orthopedic bone
cement and casting material market in the forecast period. The World Population
Prospects 2022 report indicates that the percentage of the population aged 65
years and over is increasing in various regions, such as Sub-Saharan Africa,
Northern Africa and Western Asia, Central and Southern Asia, and Europe and
Northern America. Since the elderly population is more susceptible to
orthopedic injuries that require bone cement and casting materials for joint
support and bone fractures, the growing geriatric demographic is a key driver
of market growth.
In conclusion, due to the factors mentioned above, it is expected that
the studied market will experience growth over the analysis period. However,
the high cost of surgeries and potential side effects associated with bone
cement may pose challenges to market growth.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global Orthopedic Bone Cement Market”
The Global Orthopedic Bone Cement Market is segmented into Material, Product Type, End-user, Regional Distribution, and Company.
Based on end user, the hospitals category exhibits the fastest growth in the orthopedic bone cement market. This surge is primarily driven by the increasing number of orthopedic procedures performed in hospital settings, including joint replacements and fracture repairs, which require the use of bone cement for implant fixation. Hospitals are equipped with advanced surgical facilities and highly skilled professionals, making them the preferred choice for complex orthopedic surgeries. Additionally, the rise in trauma cases, coupled with the growing geriatric population prone to bone disorders, further fuels the demand for orthopedic bone cement in hospitals.
Based on region, Asia Pacific is projected to witness the fastest growth in the orthopedic bone cement market. This rapid expansion is attributed to several factors, including a growing aging population, increasing incidence of osteoporosis and arthritis, rising healthcare expenditure, and improvements in healthcare infrastructure across countries such as China, India, and Japan. Moreover, the surge in medical tourism and a higher volume of orthopedic surgeries being performed due to cost-effective treatment options are also contributing to regional market growth. Government initiatives aimed at improving access to quality healthcare further support the market's momentum in Asia Pacific.
Major companies operating in Global Orthopedic Bone Cement Market
are:
- Stryker Corporation
- Smith & Nephew PLC
- Johnson & Johnson Services, Inc.
- Zimmer Biomet Holdings, Inc.
- Subiton LABORATORIOS SL S.A
- Scanos
- DJO Global Inc.
- Arthrex Inc.
- Tecres SpA
- Synimed SARL
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“The global orthopedic bone cement market is poised for exciting
developments in the coming years. From bioactive formulations to 3D printing,
minimally invasive techniques, digitalization, and sustainability initiatives,
these trends are set to shape the industry's future. As patients and healthcare
providers seek better outcomes and more efficient procedures, orthopedic bone
cement will play a central role in ensuring the success and longevity of
orthopedic surgeries. Stakeholders in the market, including manufacturers and
healthcare facilities, must stay ahead of these trends to remain competitive
and provide the best possible care for patients,” said Mr. Karan Chechi,
Research Director of TechSci Research, a research-based management consulting
firm.
“Orthopedic Bone Cement Market By Material (Polymethyl Methacrylate (PMMA), Ceramic, Acrylic, Others), By
Product Type (Low Viscosity Cements, Medium Viscosity Cements, High Viscosity
Cements, Antibiotic Cements), By End-User (Hospitals, Orthopedic Clinics and
Centers, Others), By Region and Competition, 2020-2030F”, has evaluated the future growth potential
of Global Orthopedic Bone Cement Market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Orthopedic Bone Cement Market.
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