Global Bone Cement Market

Bone Cement Market Size, Share, Growth Analysis, By Product Type(PMMA Cement, Glass Polyalkenoate Cement), By Application(Arthroplasty (Total Hip Arthroplasty, Total Knee Arthroplasty) - Industry Forecast 2024-2031


Report ID: SQMIG35A2690 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 63 | Figures: 75

Bone Cement Market Insights

Bone Cement Market size was valued at USD 1.103 billion in 2021 and is poised to grow from USD 1.24 billion in 2023 to USD 1.87 billion by 2030, at a CAGR of 6.01% during the forecast period (2023-2030).

The global bone cement market is experiencing significant growth due to several factors. Firstly, the increasing prevalence of orthopedic diseases and the rising geriatric population contribute to the demand for bone cement in joint replacement surgeries.

Additionally, advancements in surgical techniques and the growing number of minimally invasive procedures further drive market growth. The market is also influenced by the expanding medical tourism industry and the adoption of bone cement in emerging economies.

However, challenges such as product recalls and the availability of alternative treatment options may hinder the market's growth to some extent. Overall, the global bone cement market is expected to continue expanding in the coming years.

US Bone Cement Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2024-2031

Global Market Size

USD 1.103 billion

Largest Segment

PMMA Cement

Fastest Growth

PMMA Cement

Growth Rate

6.01% CAGR

Bone Cement Market by region
Country Share for North America Region (%)
Bone Cement Market by type
Bone Cement Market by type

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Bone Cement Market Segmental Analysis

The bone cement market encompasses the use of adhesive materials in surgical bone repair, preservation of bone artifacts, and the implantation of orthopedic or dental prostheses. The market report provides a comprehensive analysis based on product types, including PMMA cement, glass polyalkenoate cement, and calcium phosphate cement. It further examines various applications, such as arthroplasty (including total hip arthroplasty, total knee arthroplasty, total shoulder arthroplasty), and others. Geographically, the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South America.

Bone Cement Market Analysis By Product

The fastest-growing segment in the bone cement market is calcium phosphate cement. This type of cement is biocompatible and resorbable, making it suitable for applications such as minimally invasive surgeries and bone defect fillings. Calcium phosphate cement offers advantages such as excellent biocompatibility, minimal inflammatory response, and the ability to promote bone regeneration. These factors contribute to its increasing adoption and the rapid growth of the segment within the market.

Overall, while PMMA cement remains the largest segment in the bone cement market, the growing demand for calcium phosphate cement indicates its potential for future expansion and application in various orthopedic procedures.

Bone Cement Market Analysis By Application

Total knee arthroplasty is expected to be the fastest growing application segment in the bone cement market. This can be attributed to the rising prevalence of knee osteoarthritis and an increasing aging population. Total knee arthroplasty is a commonly performed procedure to alleviate pain and improve mobility in individuals with severe knee joint damage. The demand for bone cement in total knee arthroplasty is expected to witness significant growth as the procedure becomes more widespread and advancements in implant technology enhance patient outcomes.

Total hip arthroplasty is projected to be the largest growing application segment in the bone cement market. The increasing incidence of hip fractures, along with the growing adoption of hip replacement surgeries, contributes to the demand for bone cement in total hip arthroplasty. Factors such as improved surgical techniques, advancements in implant materials, and the desire for better quality of life among the aging population are driving the growth of this segment. Total hip arthroplasty helps restore joint function and alleviate pain in patients with hip joint degeneration or trauma, and the use of bone cement in this procedure is vital for implant fixation and stability.

Bone Cement Market, 2023 (%)

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Bone Cement Market Regional Insights

The bone cement market demonstrates varying growth rates and sizes across different regions. In terms of the fastest-growing region, Asia-Pacific stands out. This region is witnessing rapid growth due to the increasing prevalence of orthopedic conditions, rising geriatric population, and growing healthcare infrastructure in countries like China and India. The demand for bone cement is also driven by the rising number of orthopedic surgeries and the adoption of advanced medical technologies in the region.

On the other hand, in terms of the largest market size, North America takes the lead. The region has a well-established healthcare system and advanced medical facilities, leading to a high demand for bone cement. The presence of key market players, technological advancements, and favorable reimbursement policies contribute to the growth of the bone cement market in North America. Additionally, the high prevalence of orthopedic conditions, such as arthritis, and the increasing aging population further support market growth in the region.

Bone Cement Market by region, 2024-2031
  • Largest
  • Fastest

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Bone Cement Market Dynamics

Increasing Prevalence of Orthopedic Conditions

  • The growing incidence of orthopedic conditions such as osteoporosis, arthritis, and fractures are a major driver for the bone cement market. As the aging population increases and lifestyles become more sedentary, the demand for orthopedic surgeries and treatments rises, boosting the need for bone cement.
  • The aging population is a significant driver for the bone cement market. Elderly individuals are more prone to orthopedic conditions and fractures, leading to a higher demand for joint replacements and other orthopedic procedures that require the use of bone cement.
  • Advances in medical technology, including minimally invasive surgical techniques and the development of new bone cement formulations, have improved the effectiveness and safety of orthopedic procedures. These technological advancements have increased patient outcomes, reduced recovery time, and expanded the application of bone cement, thereby driving market growth.

High Cost of Orthopedic Procedures

  • The cost of orthopedic surgeries and associated products, including bone cement, can be significant. The high cost of these procedures may limit access to healthcare for some patients, particularly in low-income regions, and act as a restraint on market growth.
  • While bone cement is generally safe and effective, there are potential risks and complications associated with its use, such as infection, allergic reactions, and implant failure. These concerns may lead to hesitancy among patients and surgeons, impacting the adoption and growth of the bone cement market.
  • The bone cement market is subject to stringent regulatory guidelines and approval processes. Meeting regulatory requirements, obtaining necessary certifications, and ensuring compliance with standards can be time-consuming and costly for manufacturers, impeding market growth. Additionally, the introduction of new regulations or changes in existing regulations can pose challenges for market players.

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Bone Cement Market Competitive Landscape

The bone cement market features a competitive landscape with several key players vying for market share. Companies in the market focus on product development, strategic partnerships, mergers and acquisitions, and geographical expansion to strengthen their market position. These companies invest in research and development activities to introduce innovative and advanced bone cement products to cater to the evolving needs of healthcare professionals and patients. Moreover, collaborations with healthcare institutions, orthopedic surgeons, and distributors are common strategies to enhance market penetration. With a focus on product quality, efficacy, and safety, the competitive landscape of the bone cement market is expected to witness further advancements and intense competition in the coming years.

Bone Cement Market Top Player’s Company Profiles

  • DePuy Synthes (Johnson & Johnson) - United States
  • DJO Global Inc. - United States
  • Heraeus Holding GmbH - Germany
  • Medtronic plc - Ireland
  • Tecres S.p.A. - Italy
  • B. Braun Melsungen AG - Germany
  • Exactech Inc. - United States
  • DJO Finance LLC - United States
  • BoneSupport AB - Sweden
  • Biomet UK Ltd. - United Kingdom
  • Synimed Synergie Ingénierie Médicale - France
  • Tecres Medical Srl - Italy
  • Corin Group PLC - United Kingdom
  • G-21 s.r.l. - Italy
  • Medacta International SA - Switzerland
  • Sirakoss Ltd. - United Kingdom
  • TEKNIMED SAS - France

Bone Cement Market Recent Developments

  • In December 2020, Smith & Nephew initiated a field action to recall a specific batch of Versabond AB 40 Grams Formulation 2 in response to potential exposure to heat and humidity. The affected lot, when mixed, displayed an atypical sandy, flaky, or grainy texture.

Bone Cement Key Market Trends

  • The bone cement market is experiencing several key market trends that are shaping its growth and development. One significant trend is the increasing adoption of minimally invasive surgical procedures, which require the use of bone cement for fixation and stabilization of implants. Minimally invasive techniques offer advantages such as smaller incisions, reduced tissue trauma, faster recovery, and shorter hospital stays.

Bone Cement Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our analysis, The Bone Cement Market is expected to witness significant growth in the future due to several factors. Firstly, the rising prevalence of orthopedic diseases and disorders, such as osteoporosis and osteoarthritis, is expected to drive the demand for bone cement in surgical procedures for joint replacement and fixation. Additionally, the growing geriatric population worldwide, which is more prone to fractures and joint-related ailments, is anticipated to contribute to market growth. Furthermore, technological advancements in bone cement formulations, such as antibiotic-loaded cement and bioactive materials, are likely to enhance the effectiveness and safety of orthopedic surgeries, thereby increasing the adoption of bone cement. Moreover, the increasing trend of minimally invasive surgeries and the rising number of trauma cases, particularly road accidents, are expected to fuel the demand for bone cement in fracture management. Overall, with the continuous advancements in healthcare infrastructure, expanding patient population, and increasing awareness about the benefits of bone cement, the market is projected to witness significant growth in the coming years.

What’s Included

NA

Report Metric Details
Market size value in 2023 USD 1.103 billion
Market size value in 2031 USD 1.87 billion
Growth Rate 6.01%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Product Type
    • PMMA Cement, Glass Polyalkenoate Cement, and Calcium Phosphate Cement
  • Application
    • Arthroplasty (Total Hip Arthroplasty, Total Knee Arthroplasty, Total Shoulder Arthroplasty) and Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • DePuy Synthes (Johnson & Johnson) - United States
  • DJO Global Inc. - United States
  • Heraeus Holding GmbH - Germany
  • Medtronic plc - Ireland
  • Tecres S.p.A. - Italy
  • B. Braun Melsungen AG - Germany
  • Exactech Inc. - United States
  • DJO Finance LLC - United States
  • BoneSupport AB - Sweden
  • Biomet UK Ltd. - United Kingdom
  • Synimed Synergie Ingénierie Médicale - France
  • Tecres Medical Srl - Italy
  • Corin Group PLC - United Kingdom
  • G-21 s.r.l. - Italy
  • Medacta International SA - Switzerland
  • Sirakoss Ltd. - United Kingdom
  • TEKNIMED SAS - France
Customization scope

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  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Bone Cement Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Bone Cement Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Bone Cement Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Bone Cement Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Bone Cement Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Bone Cement Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Bone Cement Market size was valued at USD 1.103 billion in 2021 and is poised to grow from USD 1.24 billion in 2023 to USD 1.87 billion by 2030, at a CAGR of 6.01% during the forecast period (2023-2030).

The bone cement market features a competitive landscape with several key players vying for market share. Companies in the market focus on product development, strategic partnerships, mergers and acquisitions, and geographical expansion to strengthen their market position. These companies invest in research and development activities to introduce innovative and advanced bone cement products to cater to the evolving needs of healthcare professionals and patients. Moreover, collaborations with healthcare institutions, orthopedic surgeons, and distributors are common strategies to enhance market penetration. With a focus on product quality, efficacy, and safety, the competitive landscape of the bone cement market is expected to witness further advancements and intense competition in the coming years. 'Stryker Corporation - United States', 'Zimmer Biomet Holdings Inc. - United States', 'DePuy Synthes (Johnson & Johnson) - United States', 'Smith & Nephew plc - United Kingdom', 'DJO Inc. - United States', 'Heraeus Holding GmbH - Germany', 'Medtronic plc - Ireland', 'Tecres S.p.A. - Italy', 'B. Braun Melsungen AG - Germany', 'Exactech Inc. - United States', 'DJO Finance LLC - United States', 'BoneSupport AB - Sweden', 'Biomet UK Ltd. - United Kingdom', 'Synimed Synergie Ingénierie Médicale - France', 'Tecres Medical Srl - Italy', 'Corin Group PLC - United Kingdom', 'G-21 s.r.l. - Italy', 'Medacta International SA - Switzerland', 'Sirakoss Ltd. - United Kingdom', 'TEKNIMED SAS - France'

The growing incidence of orthopedic conditions such as osteoporosis, arthritis, and fractures are a major driver for the bone cement market. As the aging population increases and lifestyles become more sedentary, the demand for orthopedic surgeries and treatments rises, boosting the need for bone cement.

The bone cement market is experiencing several key market trends that are shaping its growth and development. One significant trend is the increasing adoption of minimally invasive surgical procedures, which require the use of bone cement for fixation and stabilization of implants. Minimally invasive techniques offer advantages such as smaller incisions, reduced tissue trauma, faster recovery, and shorter hospital stays.

The bone cement market demonstrates varying growth rates and sizes across different regions. In terms of the fastest-growing region, Asia-Pacific stands out. This region is witnessing rapid growth due to the increasing prevalence of orthopedic conditions, rising geriatric population, and growing healthcare infrastructure in countries like China and India. The demand for bone cement is also driven by the rising number of orthopedic surgeries and the adoption of advanced medical technologies in the region.

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Global Bone Cement Market

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