The Bone Cement Market is being driven by Growing prevalence of orthopedic disorders due to rise in trauma cases
The Bone Cement Market is expected to grow at a CAGR of 6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 574.9 million. The global bone cement market is witnessing a significant trend towards the adoption of bioresorbable materials in bone cement formulations. Bioresorbable bone cements, which gradually degrade and are absorbed by the body, offer several advantages over traditional non-resorbable cements. These advantages include promoting natural bone healing and remodeling, eliminating the need for implant removal surgeries, and reducing long-term complications. Stryker Corporation, a key player in the market, is capitalizing on this trend by manufacturing bone cement products that incorporate bioresorbable polymers. This innovative formulation provides initial stability for joint replacements while gradually degrading and allowing bone ingrowth, ultimately improving patient outcomes.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
235 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6% |
Market growth 2025-2029 |
USD 574.9 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
5.6 |
Key countries |
US, Germany, Canada, UK, France, Japan, China, Italy, India, and Brazil |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Bone Cement Market is driven by the rising number of orthopedic conditions, minimally invasive surgeries, and robotic assistance. However, the global recession and high costs are assumed to hinder market growth. Skating incidents, hospital emergency rooms, and sports injuries including sprains, strains, fractures, contusions, hip injuries, and concussions contribute to the market. Small firms and start-ups are introducing alternatives like bone staples. Regulatory authorities' clinical data requirements and the impact of synthetic (metal) implants on bone cement use are key challenges.
The global bone cement market is a significant segment of the larger healthcare supplies industry, focusing on the development and production of bone cement used in orthopedic procedures. Factors driving market growth include the increasing prevalence of minimally invasive surgeries and the adoption of robotic assistance in orthopedic conditions. Assumptions indicate that these trends will persist despite economic recessions and global downturns, as healthcare systems prioritize patient care and regulatory environments continue to support innovation. The aging population, with Europe and the US projected to have over 25% of their populations over 60 by 2030-2050, further bolsters market potential.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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