Orthopedic Bone Cement Market Growth Potential: Key Insights for 2024-2033
Save up to 30% on The Business Research Company’s comprehensive market research reports for a limited time only!
How Will the Orthopedic Bone Cement Market Grow from 2024 to 2033?
In recent times, the orthopedic bone cement market has seen significant growth. It is projected to increase from $0.93 billion in 2023 to $0.98 billion in 2024, with a compound annual growth rate (CAGR) of 5.8%. The historical growth of this market is due to factors such as an expanding elderly population, a rise in osteoporosis cases, growing instances of joint ailments, augmenting healthcare costs, heightened awareness, and increased access to healthcare services.
Strong expansion is anticipated in the orthopedic bone cement market in the following years, with projections showing it reaching $.25 billion by 2028, having a compound annual growth rate (CAGR) of 6.1%. This foreseen growth during the forecast period is fueled by the increasing demand for minimally invasive procedures, the escalating occurrence of orthopedic disorders, the enlargement of orthopedic surgery facilities, significant investment in the healthcare infrastructure, and an uptick in high-impact sports and activities. The forecast period will also witness key trends such as technological advancements in the field, the introduction of innovative bone cement technology and biodegradable and bioactive cements, the increased usage of antibiotic-loaded cements, and the emergence of smart bone cements.
Claim Your Free Sample of the Global Orthopedic Bone Cement Market Report Today!
https://www.thebusinessresearchcompany.com/sample.aspx?id=19633&type=smp
What Aspects Are Influencing the Growth Rate of the orthopedic bone cement Market?
The orthopedic bone cement market’s growth is predicted to be fueled by the escalating number of accidents and injuries. Various factors, such as increased traffic, frequent involvement in high-risk activities, distracted driving, and insufficient safety precautions contribute to this rise in accidents and injuries. Orthopedic bone cement plays a vital role in treating injuries, by providing stability and aiding the healing process of fractures and damaged joints through the securement of implants. A report from the National Highway Traffic Safety Administration (NHTSA), a U.S. entity responsible for road safety, in April 2024 indicated that approximately 2.38 million people suffered injuries due to motor vehicle crashes in 2022, a rise from 2.28 million in the previous year. Hence, the growth of the orthopedic bone cement market is likely to be influenced by the surge in accidents and injuries.
What Are the Critical Segments of the Orthopedic Bone Cement Market?
1) By Type: Low Viscosity Cements, Medium Viscosity Cements, High Viscosity Cements
2) By Material: Polymethyl Methacrylate (PMMA1), Ceramic, Acrylic, Other Materials
3) By End Users: Hospitals, Orthopedic Clinics And Centers, Other End-Users
What Trends Are Redefining Consumer Expectations in the Orthopedic Bone Cement Market?
Firms leading the orthopedic bone cement industry are making a push towards innovation by creating unique products like antibiotic-loaded spacers aimed at elevating infection control in joint replacement procedures and enhancing patient recovery. Specifically used in orthopedic surgeries, antibiotic-loaded spacers are provisional implants serving as a treatment for infected joint prostheses, common in hip or knee replacements. These spacers are formed from bone cement, usually polymethylmethacrylate (PMMA), and blended with antibiotics. An example of this was observed in November 2023, when UK medical device company, Biocomposites Ltd., unveiled the SYNICEM hip, knee, and shoulder preformed spacers, which have proven successful in joint surgeries. These antibiotic-infused, preformed spacers overcome the constraints of traditional handmade and intra-operative molded spacers. They assist surgeons during hip, knee, and shoulder reviews by retaining joint space and effectively combating infections. The SYNICEM spacers are crafted meticulously to deliver consistent function and structural resilience. They administer a high local dosage of gentamicin and offer surgeons flexible, timesaving solutions during operations. The company specializes in bone cement and polymer-based commodities, relying on their proprietary core polymer manufacturing and in-house formulation methods.
Order Now for Fast Delivery of Your Orthopedic Bone Cement Market Report!
https://www.thebusinessresearchcompany.com/report/orthopedic-bone-cement-global-market-report
What Are the Leading Regions in the Orthopedic Bone Cement Market Expansion?
North America was the largest region in the orthopedic bone cement market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the orthopedic bone cement market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Orthopedic Bone Cement Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the orthopedic bone cement market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Orthopedic Bone Cement Market Include
1. Orthopedic Bone Cement Market Executive Summary
2. Orthopedic Bone Cement Market Segments
3. Orthopedic Bone Cement Market Size And Template Market Growth Rate
4. Key Orthopedic Bone Cement Market Trends
5. Major Orthopedic Bone Cement Market Drivers
……
25. Key Mergers And Acquisitions In The Orthopedic Bone Cement Market
26. Top Orthopedic Bone Cement Companies
27. Orthopedic Bone Cement Market Opportunities And Strategies
28. Orthopedic Bone Cement Market, Conclusions And Recommendations
29. Appendix
Discover Related Reports by The Business Research Company:
Orthopedic Soft Tissue Repair Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/orthopedic-soft-tissue-repair-global-market-report
Orthopedic Devices Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/orthopedic-devices-global-market-report
Orthopedic Braces And Support Devices And Equipment Global Market Report 2024
Learn More About The Business Research Company
The Business Research Company has published over 15000+ reports in 27 industries, spanning 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on:
