Orthopedic Bone Cement Market Segmentation by Type
Orthopedic bone cement is a material used to fill the gaps between bones and prosthesis during joint replacement surgeries. It is a mixture of polymethylmethacrylate (PMMA) and other additives that provide strength and durability to the cement. The orthopedic bone cement market is segmented by type, which includes two types of bone cement: acrylic bone cement and calcium phosphate bone cement.
Overview
The global orthopedic bone cement market is expected to grow at a CAGR of 5.2% during the forecast period of 2021-2026. The increasing prevalence of osteoporosis and arthritis, coupled with the rising geriatric population, is driving the growth of the market. Additionally, the growing demand for minimally invasive surgeries and the development of advanced bone cement products are further fueling the market growth.
Key Players in the Orthopedic Bone Cement Market Segmentation by Type
The key players in the orthopedic bone cement market segmentation by type include:
- Stryker Corporation
- Zimmer Biomet Holdings, Inc.
- Smith & Nephew plc
- DePuy Synthes (Johnson & Johnson)
- DJO Global Inc.
- Heraeus Holding GmbH
- Exactech Inc.
- TEKNIMED
- Medacta International SA
- Osseon LLC
These companies are focusing on product innovation and development to gain a competitive edge in the market. For instance, in 2020, Stryker Corporation launched its bone cement product, VertaPlex HV. The product is designed to provide high viscosity and controlled delivery for vertebroplasty procedures.
Market Challenges
One of the major challenges faced by the orthopedic bone cement market is the risk of implant failure and revision surgeries. The use of bone cement can lead to loosening of the prosthesis, which may require revision surgeries. Additionally, the use of bone cement can also cause thermal necrosis, which can lead to tissue damage and implant failure.
Market Opportunities
The increasing adoption of minimally invasive surgeries and the development of advanced bone cement products are creating opportunities for the market players. The use of minimally invasive surgeries reduces the risk of implant failure and revision surgeries. Additionally, the development of advanced bone cement products, such as antibiotic-loaded bone cement, is expected to further drive the market growth.
Future of the Orthopedic Bone Cement Market Segmentation by Type
The orthopedic bone cement market is expected to witness significant growth in the coming years, driven by the increasing prevalence of osteoporosis and arthritis, coupled with the rising geriatric population. Additionally, the development of advanced bone cement products and the increasing adoption of minimally invasive surgeries are expected to further fuel the market growth.
Conclusion
The orthopedic bone cement market segmentation by type is expected to witness significant growth in the coming years, driven by the increasing prevalence of osteoporosis and arthritis, coupled with the rising geriatric population. The key players in the market are focusing on product innovation and development to gain a competitive edge. However, the risk of implant failure and revision surgeries remains a major challenge for the market. The increasing adoption of minimally invasive surgeries and the development of advanced bone cement products are expected to create opportunities for the market players.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Knox Market Research journalist was involved in the writing and production of this article.