Bone Cement & Glue Market in terms of revenue was estimated to be worth $1,644 million in 2023 and is poised to reach $2,248 million by 2028, growing at a CAGR of 6.5% from 2023 to 2028 according to a new report by MarketsandMarkets™. The growth of this market is majorly driven by Growing number of road traffic accidents and rising number of surgical procedures. However, High costs and Product-related complications may challenge the growth of this market.
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France in European Bone cement & glue market to witness the highest shares during the forecast period.
The Europe Bone cement & glue market is segmented into Germany, France, the UK, and the Rest of Europe. France is projected to occupy the highest share during the forecast period. The major factors contributing to the growth of this market are the high prevalence of Orthopedic Conditions, the growing geriatric population, In addition, France has a well-developed healthcare system with access to advanced medical technologies and treatments. This infrastructure supports the adoption of bone cement and glue products in various orthopedic and dental procedures. Likewsie, France has a skilled workforce of healthcare professionals, including orthopedic surgeons, who are adept at using bone cement and glue products in surgical procedures.
Hospitals, & Ambulatory Surgical Centers in End user’ Bone cement & glue market to witness the highest growth rate during the forecast period.
Based on the end user, the Bone cement & glue market is segmented into Hospitals, & Ambulatory Surgical Centers, and Clinics/Physician offices. The Hospitals, & Ambulatory Surgical Centers registered the highest CAGR, increasing orthopedic Surgical Procedures, Hospitals and ASCs are key providers of joint replacement surgeries, such as total hip arthroplasty (THA) and total knee arthroplasty (TKA), moreover Hospitals and ASCs cater to patients of all ages, but the aging population is more likely to require orthopedic surgeries that involve bone cement and glue. As the global population ages, the demand for joint replacement surgeries and other orthopedic procedures is increasing, benefiting the bone cement and glue market.
China dominates the Asia Pacific Bone cement & glue market.
The APAC amniotic products market is segmented into Japan, China, India, and Rest of Apac. In 2022, China accounted for the largest share of the Asian Bone cement & glue market. The large share of China can be attributed to the economic growth in the country, rising incidence of orthopedic cases, significantly high cases of road accidents, increasing disposable income of the middle-class population, growth in the geriatric population, and favourable government support.
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Bone Cement & Glue Market Dynamics:
Drivers:
- Growing incidences of sports injuries
Restraints:
- High costs and extensive clinical data requirements for launching new bone cements
Opportunities:
- Rising awareness and demand for minimally invasive procedures
Challenges:
- Product-related complications
Key Market Players:
The significant players in the Bone cement & glue market are Stryker (US), Zimmer Biomet (US), DePuy Synthes (a subsidiary of Johnson & Johnson – US), Enovis (US), Heraeus Holding (Germany), Medtronic (Ireland)
Recent Developments:
- In 2021, The company Smith & Nephew (UK) acquired the Extremity Orthopedics business of Integra LifeSciences to expand its shoulder, upper, and lower extremities product portfolio.
- In 2021, Zimmer Biomet (US) Completed the spinoff of spine and dental businesses into a new public company, ZimVie Inc. (“ZimVie”). The transaction was intended to benefit its stockholders by enhancing the focus of both Zimmer Biomet and ZimVie to meet the needs of patients and customers.
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