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Global Bone Cement Market is Expected to Grow at a CAGR of 8% in the Forecast Period of 2020-2025.

According to a new report by EMR titled, ‘Global Bone Cement Market Report and Forecast 2020-2025’, the global bone cement market attained a value of USD 1.2 billion in 2019. The industry is further expected to grow at a CAGR of 8% in the forecast period of 2020-2025 to reach a value of USD 1.9 billion by 2025.

Bone cement is a compound mineral substance that is used for anchoring artificial joints, playing a critical role of an elastic zone by filling the vacant space between the bone and the artificial body part. Thus, it has direct application in medical procedures like kyphoplasty, arthroplasty, and vertebroplasty. The growth of the global bone cement market can be attributed to the high adoption of minimally invasive techniques and the cost-effectiveness of non-antibiotic bone cement. North America represents the leading regional market for bone cements due to the growing modernisation of the healthcare infrastructure and the rising orthopaedic problems in the region. The increasing geriatric population in the region is also contributing to the growth of the market.

Stryker (NYSE: SYK), Arthrex, Inc., and Heraeus Holding are some of the major players in the market. The global bone cement market is expected to be driven by the product diversifications and capacity expansions by the key players in the industry to meet the rising demand form the application sectors of bone cement. In 2018, Heraeus finished the construction of its Heraeus Medical production building in Wehrheim, Germany. The facility has provided new opportunities to the company to expand its portfolio for bone cement with the development of innovative products, which will make it faster and easier for the surgeons to handle bone cement.

Market Analysis by Product Type, Application, End Use, and Region:

  • The bone cement market is segmented based on product type into polymethyl methacrylate (PMMA) cement, calcium phosphate cement (CPC), and glass polyalkenoate cement (GPC), among others.
  • Based on application, the market is segmented into arthroplasty, kyphoplasty, and vertebroplasty.
  • By end-use, the market can be divided into hospitals, ambulatory surgery centres, and clinics.
  • Regionally, the market can be segmented into North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

Key Findings of the Report:

  • The rising occurrence of osteoporosis due to ageing or nutritional deficiencies is aiding the growth of the global bone cement market.
  • The increasing number of procedures for hip and knees is also expected to catalyse the market growth.
  • The rising healthcare expenditure in both developing and developed nations have also aided the market.
  • The global bone cement market is being driven by the product’s growing usage in the treatment of fractures like kyphoplasty and vertebroplasty.
  • The availability of safer bone cement, rising awareness among patients, and affordability of the substance have contributed significantly to the market growth.
  • In the coming years, the growth of healthcare facilities and purchasing power in emerging regions is expected to propel the market forward.

Key Offerings of the Report:

  • The EMR report gives an overview of the global bone cement market for the periods (2015-2019) and (2020-2025).
  • The report also offers the historical (2015-2019) and forecast (2020-2025) markets for the product types, applications, end uses, and major regions of bone cement.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global bone cement market are DJO Global, Stryker, Smith & Nephew, Arthrex, Inc., Tecres S.P.A., Heraeus Holding, and Teknimed, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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