Dublin, Jan. 17, 2024 (GLOBE NEWSWIRE) -- The "Bone Cement & Glue Market by Bone Cement (PMMA, Calcium Phosphate), Bone Glue (Natural, Synthetic), Loading (Antibiotic Loaded), Application (Arthroplasty, Kyphoplasty, Vertebroplasty), End User (Hospitals, ASCS, Clinics) & Region - Global Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
The global Bone Cement & Glue Market is projected to reach USD 2,248 million by 2028 from USD 1,644 million in 2023, at a CAGR of 6.5% during the forecast period.
The growth of this market is majorly driven by the increasing number of bone fractures and surgeries, as well as strategic collaborations and partnerships. However, challenges associated with cost and affordability may threaten the growth of this market.
Total knee arthroplasty, in the type of segment, is expected to witness the highest growth during the forecast period. Based on the type, the arthroplasty market is segmented into Total knee arthroplasty, Total hip arthroplasty, and Total shoulder arthroplasty. Total knee arthroplasty is projected to grow at the highest CAGR during the forecast period. The significant factors contributing to the growth of this market include the increasing prevalence of knee osteoarthritis and the aging population, which have led to a growing number of TKA procedures worldwide, thereby driving the bone glue and cement market.
Europe is estimated to register the third-highest CAGR during the forecast period. In this report, the Bone cement & glue market is segmented into four major regional segments: North America, Europe, Asia Pacific, and the Rest of the world. The market in Europe is projected to register the third-highest growth rate during the forecast period. The growth in this market is primarily driven by the presence of a significant aging population, with a higher proportion of individuals aged 65 and above. The aging demographic is more prone to orthopedic conditions, such as osteoarthritis and fractures, which often require surgical interventions using bone cement and glue. The factors contributing to this growth include the high prevalence of orthopedic conditions, a growing number of orthopedic surgeries, and technological advancements in the healthcare sector.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 184 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $1.64 Billion |
| Forecasted Market Value (USD) by 2028 | $2.24 Billion |
| Compound Annual Growth Rate | 6.5% |
| Regions Covered | Global |
Premium Insights
- Growing Geriatric Population Driving Market
- Pmma Cement to Register Higher Growth Over Forecast Period
- US Accounted for Largest Market Share in North America in 2022
- India and China to Register Highest Growth Over Forecast Period
Market Overview
Drivers
- Growing Incidence of Sports Injuries
- Rapid Growth in Geriatric Population
- Developments in Regenerative Medicine
- Growing Number of Road Traffic Accidents and Other Factors Increasing Surgery Volumes
- Technological Advancements
Restraints
- High Costs and Extensive Clinical Data Requirements for Launching New Products
- Alternatives to Bone Cement and Glue
Opportunities
- Growth Opportunities in Emerging Economies
- Rising Awareness and Demand for Minimally Invasive Procedures
Challenges
- Development of Novel Biomaterials with High Mechanical Properties and Adhesion Strength
- Product-Related Complications
- Unfavorable Reimbursement Scenario
Company Profiles
Key Players
- Stryker
- Zimmer Biomet
- Heraeus Holding
- Smith+Nephew
- Depuy Synthes (Johnson & Johnson)
- Enovis
- Artivion, Inc.
- Cardinal Health
- Medtronic
- Globus Medical
- Exactech, Inc.
- Arthrex, Inc.
- Teknimed
- Tecres S.P.A.
- Bioceramed S.A.
- Evolutis
Other Players
- Normmed Medical
- Linacol Medical Inc.
- Bpb Medica
- Izi Medical
- Aditus Medical
- Osartis GmbH
- Ld Davis
- Milligan & Higgins
- Vhern S.R.L.
For more information about this report visit https://www.researchandmarkets.com/r/rdfy12
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