Global Orthopedic Bone Cement Market Size and Forecast

Orthopedic bone cement is a material used to fill the gaps between bones and prosthesis during joint replacement surgeries. It is a crucial component in orthopedic surgeries as it helps in providing stability and support to the implant. The global orthopedic bone cement market is expected to grow at a CAGR of 5.2% during the forecast period of 2021-2026.

Overview

The increasing prevalence of orthopedic diseases such as osteoporosis, arthritis, and bone fractures is driving the growth of the global orthopedic bone cement market. The rise in the geriatric population is also contributing to the growth of the market as the elderly population is more prone to orthopedic diseases. Moreover, the increasing number of joint replacement surgeries is also fueling the demand for orthopedic bone cement.

The global orthopedic bone cement market is segmented based on type, application, end-user, and region. Based on type, the market is segmented into polymethyl methacrylate (PMMA) cement, calcium phosphate cement, and others. The PMMA cement segment is expected to hold the largest market share during the forecast period due to its high strength and durability. Based on application, the market is segmented into knee replacement, hip replacement, shoulder replacement, and others. The knee replacement segment is expected to hold the largest market share due to the high prevalence of knee-related orthopedic diseases. Based on end-user, the market is segmented into hospitals, ambulatory surgical centers, and others.

Key Players in the Global Orthopedic Bone Cement Market Size and Forecast

The key players operating in the global orthopedic bone cement market include Stryker Corporation, Zimmer Biomet Holdings, Inc., DePuy Synthes, Smith & Nephew plc, DJO Global, Inc., Exactech, Inc., Heraeus Holding GmbH, Teknimed, and Medtronic plc. These players are focusing on product innovation, mergers and acquisitions, and partnerships to expand their market presence.

Market Challenges

One of the major challenges faced by the global orthopedic bone cement market is the high cost of orthopedic surgeries. The cost of joint replacement surgeries is high, which makes it unaffordable for a large section of the population. Moreover, the lack of skilled healthcare professionals in developing countries is also hindering the growth of the market.

Market Opportunities

The increasing adoption of minimally invasive surgeries is expected to create lucrative opportunities for the global orthopedic bone cement market. Minimally invasive surgeries are less painful and have a shorter recovery time, which is driving their adoption. Moreover, the increasing focus on research and development activities to develop advanced orthopedic bone cement is also expected to create growth opportunities for the market.

Future of the Global Orthopedic Bone Cement Market Size and Forecast

The global orthopedic bone cement market is expected to witness significant growth during the forecast period due to the increasing prevalence of orthopedic diseases and the rising geriatric population. The market is also expected to benefit from the increasing adoption of minimally invasive surgeries and the focus on research and development activities. However, the high cost of orthopedic surgeries and the lack of skilled healthcare professionals in developing countries are expected to hinder the growth of the market.

Conclusion

The global orthopedic bone cement market is expected to grow at a steady pace during the forecast period. The market is driven by the increasing prevalence of orthopedic diseases and the rising geriatric population. The key players operating in the market are focusing on product innovation, mergers and acquisitions, and partnerships to expand their market presence. However, the high cost of orthopedic surgeries and the lack of skilled healthcare professionals in developing countries are expected to hinder the growth of the market.