Orthopedic Bone Cement Market Size, Key Market Players, SWOT, Revenue Growth Analysis, 2023–2032
Ngày đăng: 18-08-2023 |
Ngày cập nhật: 18-08-2023
The global market size for orthopedic bone cement was valued at $1.4 billion in 2022 and is projected to reach $3.4 billion by 2032, with a compound annual growth rate (CAGR) of 5.3% during the forecast period. The main drivers of this market growth are the global aging population, increasing occurrences of orthopedic disorders, and a rising number of orthopedic procedures being performed.
Worldwide, the prevalence of orthopedic conditions such as osteoporosis, arthritis, and other bone-related ailments is on the rise. The International Osteoporosis Foundation (IOF) estimates that by 2020, around 200 million women worldwide will have osteoporosis. Similarly, arthritis is becoming more prevalent, and it's anticipated that by 2040, 78 million Americans will have received an arthritis diagnosis.
The aging population is also contributing to the demand for orthopedic bone cement. According to the United Nations, by 2050, there will be approximately 2.1 billion people aged 60 or older. This demographic shift is leading to an increased occurrence of age-related orthopedic conditions like osteoporosis, fractures, and joint replacements.
The demand for orthopedic bone cement is also rising due to the growing number of orthopedic procedures being performed globally. The American Joint Replacement Registry (AJRR) approximates that in 2020 alone, the United States conducted 1.4 million joint replacement procedures. With the rise in joint-related conditions, this number is expected to increase further in the coming years.
Furthermore, the advancement of orthopedic bone cement technology is contributing to the expansion of market revenue. Manufacturers are continuously developing new and enhanced solutions to meet the increasing demand for more effective and higher-quality orthopedic bone cement. For example, antibiotic-coated bone cements are becoming more prevalent due to their ability to reduce postoperative infections. Additionally, the development of biocompatible and bioactive bone cements is anticipated to further drive market revenue growth.
The market for orthopedic bone cement is expanding due to the demand for minimally invasive procedures. Patients are increasingly recognizing the benefits of minimally invasive surgeries, leading to a rise in popularity for orthopedic bone cement that can be administered through small incisions. Manufacturers are focusing on producing bone cement that is easier to inject and has an extended working time to enhance surgical precision.
Furthermore, the need for orthopedic bone cement is driven by the growing popularity of outpatient procedures. Outpatient surgeries are gaining traction due to their cost-effectiveness and quicker recovery times. Orthopedic bone cement is crucial for these procedures as it provides support to the healing bone.
However, challenges such as the high cost of orthopedic bone cement and the availability of alternative treatment options are expected to impede market revenue growth. The expensive nature of orthopedic bone cement hinders its expansion, particularly in economically disadvantaged countries. Additionally, alternative treatments like bone transplants and joint replacement surgeries might reduce the demand for orthopedic bone cement.
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Competitive Landscape:
Several factors influence the Orthopedic Bone Cement Market:
Segments covered in the report:
Segments covered by Application Outlook, End-use Industry, Regional Outlook
By Product Type Outlook
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Worldwide, the prevalence of orthopedic conditions such as osteoporosis, arthritis, and other bone-related ailments is on the rise. The International Osteoporosis Foundation (IOF) estimates that by 2020, around 200 million women worldwide will have osteoporosis. Similarly, arthritis is becoming more prevalent, and it's anticipated that by 2040, 78 million Americans will have received an arthritis diagnosis.
The aging population is also contributing to the demand for orthopedic bone cement. According to the United Nations, by 2050, there will be approximately 2.1 billion people aged 60 or older. This demographic shift is leading to an increased occurrence of age-related orthopedic conditions like osteoporosis, fractures, and joint replacements.
The demand for orthopedic bone cement is also rising due to the growing number of orthopedic procedures being performed globally. The American Joint Replacement Registry (AJRR) approximates that in 2020 alone, the United States conducted 1.4 million joint replacement procedures. With the rise in joint-related conditions, this number is expected to increase further in the coming years.
Furthermore, the advancement of orthopedic bone cement technology is contributing to the expansion of market revenue. Manufacturers are continuously developing new and enhanced solutions to meet the increasing demand for more effective and higher-quality orthopedic bone cement. For example, antibiotic-coated bone cements are becoming more prevalent due to their ability to reduce postoperative infections. Additionally, the development of biocompatible and bioactive bone cements is anticipated to further drive market revenue growth.
The market for orthopedic bone cement is expanding due to the demand for minimally invasive procedures. Patients are increasingly recognizing the benefits of minimally invasive surgeries, leading to a rise in popularity for orthopedic bone cement that can be administered through small incisions. Manufacturers are focusing on producing bone cement that is easier to inject and has an extended working time to enhance surgical precision.
Furthermore, the need for orthopedic bone cement is driven by the growing popularity of outpatient procedures. Outpatient surgeries are gaining traction due to their cost-effectiveness and quicker recovery times. Orthopedic bone cement is crucial for these procedures as it provides support to the healing bone.
However, challenges such as the high cost of orthopedic bone cement and the availability of alternative treatment options are expected to impede market revenue growth. The expensive nature of orthopedic bone cement hinders its expansion, particularly in economically disadvantaged countries. Additionally, alternative treatments like bone transplants and joint replacement surgeries might reduce the demand for orthopedic bone cement.
Get a sample of the report @ https://www.reportsanddata.com/download-free-sample/6941
Competitive Landscape:
- Stryker Corporation
- Zimmer Biomet Holdings, Inc.
- Smith & Nephew plc
- DJO Global, Inc.
- DePuy Synthes (Johnson & Johnson Services, Inc.)
- Exactech, Inc.
- Heraeus Holding GmbH
- Sonoma Orthopedic Products, Inc.
- Bone Solutions Inc.
- Orthopedics UK Ltd.
Several factors influence the Orthopedic Bone Cement Market:
- Aging Population: The global increase in the elderly population leads to a higher prevalence of orthopedic conditions, such as fractures, osteoporosis, and joint issues, driving the demand for orthopedic bone cement.
- Orthopedic Disorders: The rising incidence of orthopedic disorders, such as arthritis and degenerative joint diseases, contributes significantly to the demand for orthopedic bone cement products.
- Orthopedic Procedures: The growing number of orthopedic surgeries, including joint replacements and fracture treatments, directly impacts the consumption of orthopedic bone cement.
- Advancements in Technology: Innovations in orthopedic bone cement formulations, such as biocompatible and antibiotic-coated options, influence market growth by improving surgical outcomes and reducing postoperative complications.
- Minimally Invasive Surgery Trend: The increasing preference for minimally invasive surgical techniques drives the development of bone cement that's compatible with such procedures, impacting the market positively.
- Global Health Awareness: A growing awareness of bone health and the importance of timely treatment leads to early diagnosis and intervention, boosting the demand for orthopedic bone cement.
- Economic Factors: Affordability and healthcare expenditure in various regions affect the adoption of orthopedic bone cement, especially in lower-income countries.
- Availability of Alternative Treatments: The presence of alternative treatment options, such as bone grafts and joint replacement procedures, can compete with orthopedic bone cement, affecting its market share.
- Regulatory Environment: Stringent regulations in the healthcare industry impact the development, production, and distribution of orthopedic bone cement, influencing market dynamics.
- Global Demographic Changes: Changes in population demographics, such as urbanization and lifestyle shifts, can impact the prevalence of orthopedic conditions and, consequently, the demand for orthopedic bone cement.
Segments covered in the report:
Segments covered by Application Outlook, End-use Industry, Regional Outlook
By Product Type Outlook
- Acrylic
- Calcium Phosphate
- Others
- Arthroplasty
- Kyphoplasty
- Others
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Thank you for taking the time to read our article. The report can be tailored to the needs of the client. Please contact us for more details, and our team will tailor the report to your specific requirements.
Explore Trending Report:
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About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyse consumer behaviour shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Power and Energy, and Chemicals. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.
Contact Us:
John W
(Head of Business Development)
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Blogs | Press Release | Industry News | Our competencies
Browse More Upcoming Reports @ https://www.reportsanddata.com/upcoming-reports
Browse More Latest Reports @ https://www.reportsanddata.com/report
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