Evaluating the Injectable Cement Market’s Growth Prospects from 2024 to 2033
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How is the Growth Rate of the Injectable Cement Market Estimated for 2024-2033?
The market size for injectable cement has demonstrated significant growth in recent times. The market is predicted to expand from $1.37 billion in 2023 to $1.45 billion in 2024, with a compound annual growth rate (CAGR) of 6.2%. The rise over the historical timeline can be credited to factors such as the surging incidents of osteoporosis, an escalating number of bone fractures, increasing requirement for joint replacement procedures, regulatory authorizations, and the introduction of new products on the market.
Expectations are high for a robust expansion of the injectable cement market in the coming years, with projections suggesting a growth to $1.88 billion by 2028 at a compound annual growth rate (CAGR) of 6.6%. Factors such as an increasingly aging population, growing apprehension regarding bone health, the development of healthcare facilities, higher uptake of outpatient treatments, and an escalation in sports-related injuries are all contributing to the predicted growth during the forecast period. The future trends in this period are predicted to include improved biocompatibility, breakthroughs in antibiotic-loaded cement, less invasive methods of application, solutions tailored to individual patients, and advanced smart cement equipped with monitoring functionalities.
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What Key Drivers Are Propelling the injectable cement Market’s Growth?
The growth of the injectable cement market seems to be advancing, largely due to the surge in sports-related injuries. Damages from athletic activities, which include strains, sprains, fractures, and concussions, necessitate medical intervention and rehabilitation for healing. The intensification in sports injuries can be linked to more individuals participating in sports, rigorous training outline, and improvements in sports equipment enabling athletes to stretch their physical boundaries, thereby increasing the risk of getting injured. Injectable cement has been useful in treating these injuries because it helps stabilize fractures, supports bone healing, and optimizes surgical results by offering a steadfast and less invasive alternative for bone reinforcement. For example, the National Safety Council, a not-for-profit organization in the US that is focused on health and safety, reported that in 2023, sports and recreational injuries saw a rise of 20% in 2021, followed by a 12% growth in 2022 and a 2% increase in 2023. Thus, the escalating case of sports-related injuries will stimulate the expansion of the injectable cement market.
What Are the Distinct Segments of the Injectable Cement Market?
1) By Type: High Viscosity Cement, Low Viscosity Cement, Medium Viscosity Cement
2) By Application: Periprosthetic Fractures, Pelvic Fractures, Other Applications
3) By End User: Hospital, Clinics, Other End Users
Which New Trends Are Making Waves in the Injectable Cement Market?
The primary players in the injectable cement industry are progressively capitalizing on novel advancements like antibiotic-infused bone cement to improve infection control, enhance patient results, and foster more successful and targeted intervention during orthopedic surgeries. Antibiotic-infused bone cement incorporates antibiotics into the cement substance to avert or treat infections at the surgical site, particularly relating to orthopedic procedures. For example, in April 2024, Heraeus Medical GmbH, a medical technology manufacturing firm based in Germany, introduced COPAL G+C, its newest antibiotic-infused bone cement. It is the company’s first product to receive certification under the MDR. COPAL G+C merges gentamicin and clindamycin, facilitating targeted infection control in arthroplasty by tackling up to 90% of pathogens commonly associated with prosthetic joint infections.
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Which Regions Are Significant to the Growth of the Injectable Cement Market?
North America was the largest region in the injectable cement market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the injectable cement market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Injectable 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 injectable cement market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Injectable Cement Market Include
1. Injectable Cement Market Executive Summary
2. Injectable Cement Market Segments
3. Injectable Cement Market Size And Template Market Growth Rate
4. Key Injectable Cement Market Trends
5. Major Injectable Cement Market Drivers
……
25. Key Mergers And Acquisitions In The Injectable Cement Market
26. Top Injectable Cement Companies
27. Injectable Cement Market Opportunities And Strategies
28. Injectable Cement Market, Conclusions And Recommendations
29. Appendix
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