To know the impact of COVID-19 On Bone Cement Market By Type (Polymethyl Methacrylate (PMMA) Cement, Calcium Phosphate Cement (CPC), Glass Polyalkenoate Cement (GPC)), By Application (Arthroplasty, Kyphoplasty & Vertebroplasty), Industry Analysis, Trends, And Forecast, 2021-2027 Market
Market Size Forecast Scenarios (Optimistic, Baseline and Pessimistic) 2021-2027
The Global Bone Cement Market in terms of revenue was worth of USD 1,061.8 Million in 2020 and is expected to reach USD 1,325.9 Million in 2027, growing at a CAGR of 3.22% from 2021 to 2027. The Global Bone Cement Market is expected to grow at a substantial growth rate due to several driving factors.
Bone cement is generally known as Plexiglas i.e., polymethylmethacrylate (PMMA), and is extensively used for implant fixation in several orthopedic, dental, and trauma surgeries. Bone cement is mostly used for attaching artificial joints. It performs a role of an elastic zone by plugging the vacant space between the bone and the artificial body part. Artificial joints are anchored with bone cement. Bone cement has no intrinsic adhesive properties; though, it depends on a close mechanical interlock between the prosthesis and the irregular bone surface. Commercially, bone cement is available as glass polyalkenoate (ionomer) cement (GPC) and calcium phosphate cement (CPC). Calcium phosphate cement is bioabsorbable and biocompatible, used mainly in cranial and maxillofacial surgeries owing to its low mechanical strength. The use of numerous bone cement has developed over the past century. Research to develop clinical applications and decrease the adverse effects related to its use in surgery persists. PMMA was used clinically for the first time in plastic surgery to close up gaps in the skull in the 1940s.
Scope of Bone Cement in Global Market
The study provides a crucial view of the global bone cement market by segmenting the market based on type, application, end-user and region & country level. Based upon the type, global bone cement market is segmented into Polymethyl Methacrylate (PMMA) Cement, Calcium Phosphate Cement (CPC), Glass Polyalkenoate Cement (GPC), and other. Based upon application, the global bone cement market is classified into arthroplasty, kyphoplasty, and vertebroplasty.
The regions covered in this global bone cement market report are North America, Europe, Asia-Pacific, and Rest of the World. Based on country level, the market of global bone cement is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, Southeast Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
Increasing incidences of periodontics among young adults, rising demand for orthopedic bone cement and casting materials, especially among the geriatric population, growing geriatric population are some of the major factors driving the growth of global bone cement market within the forecast period. Whereas, escalating prevalence of osteoporosis is one of the leading factors aggressively contributing to the growth of global bone cement market. Osteoporosis is a medical ailment, characterized by low bone density along with deterioration of bone tissue. Osteoporosis increases the risk of fractures. For instance; according to World Health Organization 2019, on an average, osteoporosis causes more than 8.9 million fractures worldwide, i.e., an osteoporotic fracture every 3 seconds. Osteoporosis is said to be a global problem being suffered by around 10 million adults. Additionally, according to a survey organized by International Osteoporosis Foundation, about 15-30% male and 30-50% females are at a risk of experiencing from osteoporotic fracture throughout their lifetime. In addition, rising geriatric population is another significant factor propelling the growth of bone cement market globally. The ageing bone has diminished mineral content, and is prone to fractures, and more fragile. For instance, according to the World Health Organization, the global population aged 85 years and more will rise by 351% during the next 40 years. Springer Nature’s Osteoporosis International journal circulated that about 158 million people aged 50 years and more are prone to cultivating bone fractures. Bones become more brittle and may break down more simply among the aged people. Thus, bone issues, fractures and the diseases regarding to bone such as osteoporosis are usually seen in the geriatric population. However, adverse effects of bone cement such as, cardiopulmonary complications, and presence of methyl methacrylate prove to be a major drawback to the use of bone cements. In spite of that, increasing technological advancements in this field may create more opportunities for further growth of the market.
The type segment of the global bone cement market is dominated by Polymethyl Methacrylate (PMMA) Cement with the largest market share of 89.74% in 2020. The application segment of the global bone cement market is dominated by Arthroplasty with the largest market share of XX% in 2020.
On a geographic basis, North America is expected to dominate the bone cement market due to the increasing prevalence of osteoporosis, rising innovations in bone cement, and others. Significantly, a rising visit to the emergency department for diagnosis of fracture is escalating the growth of bone cement market in North America. For instance; according to the Centers for Disease Control and Prevention report, projected 3.5 Mn to 4.4 Mn people who go to the emergency department are diagnosed with fractures annually. Healthcare costs related to osteoporotic treatment fractures range between US$ 17 Mn and US$ 20 Bn, annually.
The Asia Pacific is expected to be the fastest-growing region in the bone cement market owing to the mounting incidence of arthritis and periodontal diseases, particularly in emerging countries such as China and India have led to a surge in demand for orthopedic and dental surgeries. For example; according to the International Osteoporosis Foundation, a report published estimated approximately 8.9 million fractures that occur every year are recognized to osteoporosis. Also, knee surgeries, general prosthetic fixation have increased in the Asia Pacific. Likewise, increasing number of road accidents in this region is another factor driving the growth of the bone cement market in the Asia Pacific. For instance; according to the Times of India 2020, road accidents increased to 1.02 lakh in 2019, as compared to 97,588 in 2018 in India. The number of road accidents and crashes is increased in the region which results in the necessity of emergency services like fractures.
The global Bone Cement market research reports segments as follows:
Global Bone Cement Market: By Type
- Polymethyl Methacrylate (PMMA) Cement
- Calcium Phosphate Cement (CPC)
- Glass Polyalkenoate Cement (GPC)
Global Bone Cement Market: By Application
- Kyphoplasty & Vertebroplasty
By Regional Analysis
- Rest of Europe
- South Korea
- Rest Of APAC
- Rest of South America
Middle East and Africa
- Saudi Arabia
- South Africa
- Rest Of MEA
Market drivers of Bone Cement Market
High Prevalence of Osteoporosis, Growing Number of Orthopedic Surgeries, Rising Geriatric Population and Increasing Research & Development by Market Players, are Some of the Major Factors Driving the Market Growth
Increasing number of cases of Osteoporosis is one of the major factors driving the growth of global bone cement market. It is a medical condition characterized by deterioration of bone tissue as well as low bone density. Osteoporosis increases the risk of fractures. On average, osteoporosis causes more than 8.9 million fractures worldwide, i.e. osteoporotic fractures every 3 seconds. Osteoporosis is a global problem experienced by about 10 million adults. Cases of osteoporosis are increasing rapidly in young and old people. The ratio between males and females is 1:4. According to a survey conducted by the International Osteoporosis Foundation, about 15-30% of men and l30-50% of women are at risk of osteoporotic fractures in their lifetime. Also, around 1.6 million hip and knee arthroplasties were performed in the United States in 2017, of which 966 000 were knee replacements. The use of bone cement as an adjunct to the internal fixation of supracondylar fractures secures a stable fixation of even the most severe osteoporotic femora, and this aids healing in most cases of such fractures.
In addition, The growing number of orthopedic surgeries in the world is also supplementing the growth of the bone cement market. Bone cement helps to support and strengthen prosthetic joints and broken bones. The number of surgeries is increasing rapidly due to the increasing number of road accidents as well as various types of injuries. It also includes a growing number of bone-related diseases, including knee pain and joint pain in the elderly. Polymethylmethacrylate remains one of the most enduring materials in orthopaedic surgery. It has a central role in the success of total joint replacement and is also used in newer techniques such as percutaneous vertebroplasty and kyphoplasty. Bone diseases are more prevalent in the elderly. Thus, increasing geriatric population is also fostering the demand for bone cement. Rising number of road accidents and increasing cases of fractures are also supplementing the market growth. According to the World Health Organization (WHO) estimates; up to 50 million people, each year suffer from injuries, especially road traffic injuries, which are the 8th leading cause of death for people of all age groups worldwide. 93% of the world's fatalities on the roads occur in low and middle-income countries, even though these countries have approximately 60% of the world's vehicles. Furthermore, increasing number research & development activities and product offerings by market players are also augmenting the market growth. Consistent push of major manufacturers for maintaining their revenue share in the bone cement delivery systems market is one of the major factors that are expected to propel market growth for bone cement delivery systems during the forecast period.
Thus, high prevalence of osteoporosis, growing number of orthopedic surgeries, rising geriatric population and increasing research & development by market players, are some of the major factors driving the growth of global bone cement market.
Bone Cement Market Top Companies:
- DePuy Synthes
- Zimmer Biomet
- Smith & Nephew
- DJO Global
- Arthrex, Inc.
- Heraeus Holding
- Osteopoeriss LLC
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Bone Cement Market Size, Share, Growth And Forecast By 2027
Bone Cement Market By Type (Polymethyl Methacrylate (PMMA) Cement, Calcium Phosphate Cement (CPC), Glass Polyalkenoate Cement (GPC)), By Application (Arthroplasty, Kyphoplasty & Vertebroplasty), Industry Analysis, Trends, And Forecast, 2021-2027
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