Polymethyl Methacrylate (PMMA) Bone Cements Market Overview 2024: Size, Growth Drivers, and Major Segments
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What is the Expected Growth Rate of the Polymethyl Methacrylate (PMMA) Bone Cements Market for the Period 2024 to 2033?
The market for polymethyl methacrylate (PMMA) bone cements has experienced robust growth in the past few years. It is forecasted to expand from a size of $1.09 billion in 2023 to $1.17 billion in 2024, with a Compound Annual Growth Rate (CAGR) of 6.7%. Factors contributing to its historical growth include increased research and development initiatives, supportive policies driven by government efforts, cooperation within the industry, a rise in the number of hip and knee replacement surgeries and an increase in medical tourism.
The market size for polymethyl methacrylate (PMMA) bone cements is anticipated to significantly expand in the coming years. It’s predicted to climb to a worth of $1.52 billion by 2028, with a compound annual growth rate (CAGR) of 6.8%. Factors contributing to this growth during the projected period include consumer tendencies and choices, a rise in spinal surgery procedures, heightened patient consciousness, the enhanced efficacy and safety of PMMA bone cements, and a growing inclination towards outpatient orthopedic surgeries. Major upcoming trends in this period encompass bioactive pmma bone cements, antibiotic-loaded pmma bone cements, tailor-made implants, developments in cementing methods, and hybrid bone cements.
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What Factors Are Responsible for the Growth of the polymethyl methacrylate (pmma) bone cements Market?
The polymethyl methacrylate (PMMA) bone cement market is anticipated to grow due to the increase in sports-related injuries. These injuries, which cause bodily harm or damage, occur during participation in sports or physical exercise activities. Factors leading to such injuries include participating in high-intensity physical activities, insufficient training, and a lack of appropriate injury prevention strategies. PMMA bone cement is commonly used in orthopedic surgeries to address these injuries, providing essential structure and stability to fractured or harmed bones, and securing the fixation of implants during joint replacements or fracture repairs. For example, the National Safety Council, a US-based nonprofit organization, reported in their Injury Facts that the number of injuries caused by exercise and exercise equipment rose by 8% in 2023, from 445,642 injuries in 2022 to 482,886. Hence, the increasing number of sports-related injuries propels the growth of the PMMA bone cement market.
Which Segments Are Important for Insight into the Polymethyl Methacrylate (PMMA) Bone Cements Market?
1) By Type: Low Viscosity Cements, Medium Viscosity Cements, High Viscosity Cements
2) By Application: Joint, Vertebral, Other Applications
3) By End-Use: Hospitals, Ambulatory Surgical Centers, Orthopedic Clinics
What Are the Significant Trends Reshaping the Polymethyl Methacrylate (PMMA) Bone Cements Sector?
Leading businesses in the polymethylmethacrylate (PMMA) bone cement market are concentrating their efforts on creating innovative products such as antibiotic-loaded bone cement, meant to aid in the treatment of periprosthetic joint infection (PJI). This unique bone repair material, augmented with antibiotics, serves to avoid and address infections encountered during orthopedic procedures, like joint replacements. For example, in August 2024, the medical technology firm Heraeus Medical GmbH, based in Germany, introduced the COPAL G+V Dual Antibiotic-loaded Bone Cement. This product combines gentamicin and vancomycin, offering extensive antimicrobial coverage. Its design focuses on minimizing infection risk in orthopedic surgeries with high risk and ensures targeted antibiotic distribution for improved postoperative results.
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Which Regions Are Essential for the Growth of the Polymethyl Methacrylate (PMMA) Bone Cements Market?
North America was the largest region in the polymethyl methacrylate (PMMA) bone cement market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the polymethyl methacrylate (PMMA) bone cement market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Polymethyl Methacrylate (PMMA) Bone Cements 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 polymethyl methacrylate (pmma) bone cements market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Polymethyl Methacrylate (PMMA) Bone Cements Market Include
1. Polymethyl Methacrylate (PMMA) Bone Cements Market Executive Summary
2. Polymethyl Methacrylate (PMMA) Bone Cements Market Segments
3. Polymethyl Methacrylate (PMMA) Bone Cements Market Size And Template Market Growth Rate
4. Key Polymethyl Methacrylate (PMMA) Bone Cements Market Trends
5. Major Polymethyl Methacrylate (PMMA) Bone Cements Market Drivers
……
25. Key Mergers And Acquisitions In The Polymethyl Methacrylate (PMMA) Bone Cements Market
26. Top Polymethyl Methacrylate (PMMA) Bone Cements Companies
27. Polymethyl Methacrylate (PMMA) Bone Cements Market Opportunities And Strategies
28. Polymethyl Methacrylate (PMMA) Bone Cements Market, Conclusions And Recommendations
29. Appendix
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