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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.
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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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