Bone Cement Market By Typec(Polymethyl Methacrylate (PMMA) Cement, Calcium Phosphate Cement (CPC), Glass Polyalkenoate Cement (GPC), Others) By Application (Arthroplasty, Kyphoplasty, Vertebroplasty) - Growth, Future Prospects, And Competitive Landscape, 2016 - 2028

How has the rising prevalence of osteoporosis fuelled the expansion of the bone cement market?

Bone cement is a mixture of solid and liquid components that is used to create a bone-like structure for use in the human body. By filling the space between the prosthetic and the bone, it gives flexibility. It is a material that is utilised in hip replacement surgery as an adhesive to keep the new hip in place. It is either pre-mixed or in the form of powders and liquids that are blended in the operating room during surgery. Bone cements are used to reinforce bone stability during internal fixation surgery. It is also required in several total joint arthroplasty surgeries. The cement's primary tasks in a cemented arthroplasty are to immobilise the implant, transfer body weight and service stresses from the prosthesis to the bone, and boost the prosthesis's load-carrying capacity. -bone cement system. 

Osteoporosis is characterised by poor bone density and bone tissue degeneration. Fractures are more likely in osteoporosis patients. In recent years, there has been an increase in the number of cases with osteoporosis. According to a Restore Programme article released in October 2020, every year, osteoporosis causes more than 8.9 million fractures worldwide, or one every three seconds, with one in every three women and one in every five men over the age of 50 suffering from an osteoporotic fracture. Osteoporosis increases the likelihood of fractures and joint surgeries. As a result, the increased prevalence of osteoporosis is increasing demand for and sales of bone cement, adding to the bone cement market's growth.

What is the Market Size of Bone Cement in terms of value?

The global Bone Cement Market is projected to increase at a significant CAGR of 5.50 % in the coming years. In 2021, the global Bone Cement market was valued at USD 982.5 million and is projected to reach at the value of USD 1354.71 million by 2028. The demand for Bone Cement is projected to increase substantially in the coming years and is presumed to generate revenue opportunities for the key industry players worth USD 372.21 million during the forecast period of 2022 and 2028.

What impact has COVID-19 had on the bone cement market?

COVID 19 had an immediate and dramatic influence on the bone cement market. Businesses in the region are being affected by supply chain disruptions and increased demand. Remote patient treatment is being used and preferred by healthcare practitioners and patients to reduce COVID 19 infection in hospitals and clinics. The orthopaedic practise could not remain untouched in the face of such unanticipated events. Many surgical procedures and non-urgent consultations were postponed or cancelled. 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, many institutions suspended elective surgery, and the overall volume of orthopaedic cases fell dramatically. Even when hospitals started elective surgery, cases were prioritised based on clinical urgency, resulting in significant delays in routine and time-sensitive orthopaedic elective care.

Interesting Facts about Bone Cement Industry

• Increasing incidence of periodontitis in young people, an ageing population, and an increased demand for orthopaedic bone cement and casting materials are some of the primary factors driving the global bone cement market. The prevalence of osteoporosis is increasing, as is the demand for arthroplasty, and the geriatric population is rapidly growing.
• North America region had a major share in terms of volume as well as value in the global Bone Cement market in 2021 and is projected to continue its dominance over the forecast period.
• Polymethyl methacrylate (PMMA) is a popular bone cement around the world. Aside from the commonly utilised Polymethyl methacrylate, bone cements such as calcium phosphate cement (CPC) and glass polyalkenoate cement (GPC) are employed in a variety of orthopaedic and dental applications.
• Product launches and mergers & acquisitions are popular strategies among companies in the global bone cement market.
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Who are the Top 10 Players/Companies in the Bone Cement market in term of value?

The key players in the global Bone Cement market in terms of value include DePuy DJO Global, Inc., Arthrex, Inc., Tecres S.p.A., Heraeus Holding GmbH, Teknimed, Synthes (The Orthopedics Company of Johnson & Johnson), Zimmer Biomet, Stryker Corporation, Smith & Nephew, and Cardinal Health Inc. These key players are concentrating on new product developments as well as technological innovation to enhance their production in Bone Cement to gain competitive market share at a global level. For instance, in July 2021, Celularity Inc.'s placental-derived biomaterial products for orthopaedics and sports medicine will be sold and commercialised in the United States by Arthrex, Inc. On the other hand, in July 2019, hunan University of Science and Technology researchers reported the invention of Strontium (Sr)-dicalcium silicate bone cements with in situ Sr substitution and uniform Sr distribution for orthopaedic applications. The osteogenesis potential of dicalcium silicate bone cements containing Sr for orthopaedic applications was boosted.

Who are the Top 10 Countries in the Bone Cement Market?

In the global Bone Cement market, the major countries are US, Canada, China, Japan, Australia, Germany, France, Italy, Spain, and UK. The largest market share is in United States. The ageing population and the increased prevalence of obesity are two reasons driving the orthopaedic bone cement market trends. For instance, childhood obesity has become a serious issue in the United States, which could drive demand for bone cement, as obese persons have low bone density and are more likely to fracture. Furthermore, the increasing occurrence of spinal cord tumours in children and adolescents will drive the use of bone cement in orthopaedic surgery, including minimally invasive procedures such as kyphoplasty. Every year, an estimated 1.5 million persons in the United States are impacted by fractures. According to the CDC, an estimated 3.5 - 4.4 million people visit emergency departments each year for fracture diagnosis. Furthermore, according to the American Academy of Orthopaedic Surgeons (AAOS), osteoporosis-induced fractures frequently arise in the spine. Spinal fractures (also known as spinal compression fractures) are predicted to occur 1.5 million times per year in the United States. They are nearly twice as common as other fractures commonly associated with osteoporosis, such as hip and wrist fractures.

Which is the Key Application Segment in the Bone Cement Market?

The bone cement market is segmented by application into arthroplasty, kyphoplasty, and vertebroplasty. The worldwide bone cement market is expected to be dominated by the arthroplasty segment. Arthroplasty is a type of orthopaedic surgery in which the articular surface of a musculoskeletal joint is replaced, modified, or realigned using osteotomy or another method. It is an elective operation used to reduce pain and restore function to a joint that has been damaged by arthritis or another sort of trauma. The growing demand for bone cement in knee, hip, and shoulder arthroplasty surgeries around the world can be ascribed to the substantial share of this category.

What are the Major Driving Factors for Bone Cement Market?

Increasing rates of periodontitis in young people, rising geriatric population, and rising need for orthopaedic bone cement and casting materials are some of the key factors propelling the growth of the worldwide bone cement market. The prevalence of osteoporosis is increasing, arthroplasty demand is rising, and the elderly population is growing significantly. These factors are driving the market's expansion. The market for bone cement is expanding as a result of rising sports injuries and an increase in traffic accidents. The market is expanding as a result of additional developments in the field of regenerative medicine. However, the market for bone cement is anticipated to be driven by the globally rising prevalence of hip, knee, and other bone replacement procedures.

What are the Major Restraints for Bone Cement Market?

Rising unfavourable reimbursement scenario, increased costs, and extensive clinical data requirements for launching new bone cements are among the major factors obstructing market growth, while rising development of novel biomaterials with high mechanical properties and adhesion strength will further challenge market growth during the forecast period.

Which Region Dominated the World Bone Cement Market?

In 2021, North America dominates the Bone Cement market over the forecast period because of the rising frequency of osteoporosis, new developments in bone cement, and others Significantly, an increase in emergency department visits for fracture diagnosis is driving the growth of the bone cement market in North America. The market is rising as a result of new breakthroughs in regenerative medicine. However, the global rising prevalence of hip, knee, and other bone replacement operations is expected to fuel the bone cement market. For instance, according to the Canadian Institute for Health Information (CIHI), hip and knee replacements remain the two most common procedures in Canada, with over 138,000 surgeries performed each year.

Asia Pacific is anticipated to witness fastest growth in the bone cement market, due to an increase in the prevalence of arthritis and periodontal diseases majorly in emerging markets including China and India, which has resulted in an increase in demand for dental and orthopaedic surgeries. As per the International Osteoporosis Foundation, a survey published projected that around 8.9 million fractures occur each year due to osteoporosis. Knee procedures and general prosthesis fixation have also increased in Asia Pacific. Similarly, the rising incidence of road accidents in Asia Pacific is propelling the bone cement market forward in this region. According to the Times of India 2020, traffic accidents in India surged to 1.02 lakh in 2019, up from 97,588 in 2018. The frequency of road accidents and incidents in the region is increasing, necessitating the use of emergency services such as fracture treatment.

Segmentation of Global Bone Cement Market-

Global Bone Cement Market – By Type

• Polymethyl Methacrylate (PMMA) Cement
• Calcium Phosphate Cement (CPC)
• Glass Polyalkenoate Cement (GPC)
• Others
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Global Bone Cement Market - By Application

• Arthroplasty
• Kyphoplasty
• Vertebroplasty