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 over time, offer numerous benefits 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. A notable player in this field is Stryker Corporation, which manufactures bone cement products utilizing bioresorbable polymers. This cutting-edge formulation provides initial stability for joint replacements while gradually degrading and allowing bone ingrowth, ultimately enhancing 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 encompasses the production, application, and research of bone cement, a biocompatible material used in orthopedic procedures. Its composition includes polymethylmethacrylate (PMMA) and other additives, influencing its properties such as setting time, viscosity, and strength. Applications range from orthopedic implant fixation to spinal surgery. Key manufacturers include Stryker, Zimmer Biomet, and Wright Medical. Research focuses on enhancing safety, efficacy, and reducing complications through innovations like antibiotic-loaded and hydroxyapatite-reinforced bone cements. Standards and guidelines ensure consistent quality and patient safety. Development faces challenges in addressing cost, availability, and training requirements. Regulations and patents govern the market landscape. Procedures and management strategies aim for optimal outcomes while minimizing complications.
The global healthcare supplies market encompasses businesses involved in the research and development (R&D) of various product categories, including bone cement, within the medical consumables sector. This market's size is determined by the consolidated revenue generated by manufacturers of medical supplies such as syringes, drapes, gloves, and gowns, according to Technavio. Factors driving growth in this market include the increasing aging population. By 2050, approximately one-quarter of the US population and Europe's population is projected to be over 60 years old. Orthopedic surgeries, such as bone grafting and spinal fusion, will continue to be significant contributors to the bone cement market's expansion due to the increasing need for bone repair procedures in this demographic.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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