Industry: Healthcare
Published Date: February-2024
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 215
Report ID: PMRREP34026
The global orthopedic bone cement market is forecast to expand at a CAGR of 5.0% and thereby increase from US$1 Bn in 2023, to US$1.4 Bn by the end of 2030.
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Attributes |
Key Insights |
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Orthopedic Bone Cement Market Size (2023E) |
US$1.0 Bn |
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Projected Market Value (2030F) |
US$1.4 Bn |
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Global Market Growth Rate (CAGR 2023 to 2030) |
5.0% |
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Historical Market Growth Rate (CAGR 2018 to 2022) |
4.4% |
Orthopedic bone cement, which is utilized to secure implants such as prosthetic joints or fracture fixation devices to the underlying bone, is an indispensable medicinal substance in orthopedic procedures. This cement, which is composed of polymethylmethacrylate (PMMA), ensures appropriate support and functionality by forming a strong bond between the implant and the bone, thereby providing stability. It is frequently utilized in medical procedures such as spinal stabilization interventions and joint replacement operations.
Bone cement is an essential element in orthopedic procedures due to its capacity to distribute mechanical loads and adhere securely to the bone; this contributes to improved patient outcomes and facilitates the rehabilitation process. Multiple factors contribute to the expansion of the worldwide orthopedic bone cement market. The escalating prevalence of orthopedic ailments, including joint disorders and fractures, in conjunction with the aging of the populace, contribute to the heightened need for orthopedic surgical procedures.
Market expansion is further stimulated by technological advancements in cement formulations, which facilitate enhanced biocompatibility and diminished post-operative complications. In addition, the increasing prevalence of sports-related injuries and the growing demand for minimally invasive surgical procedures contribute to the market's growth. The expanding global healthcare expenditure sector and rising awareness of orthopedic treatment alternatives are significant factors propelling the orthopedic bone cement market.
Developments in Novel Cement Formulations and Technologies
An important factor driving the worldwide orthopedic bone cement market is the ongoing development and introduction of novel cement formulations and technologies. With the increasing prevalence of orthopedic procedures, there is a critical need for sophisticated materials that provide improved biocompatibility, durability, and diminished post-operative complications. Pharmaceutical companies are making substantial investments in research and development to create an innovative form of orthopedic bone cement that surpasses the shortcomings of current formulations. The ultimate goal is to elevate patient outcomes and revolutionize the norms in orthopedic care.
The primary objective of technological advancements in orthopedic bone cement is to enhance the cement's biomechanical properties, thereby facilitating improved integration with the natural bone structure of the patient. Researchers and engineers are investigating innovative polymers and additives that can strengthen cement, thereby decreasing the risk of implant loosening and increasing overall stability.
In addition, efforts are being made to develop cement formulations that possess antibacterial properties, thereby reducing the likelihood of infections, which is a prevalent issue in orthopedic procedures. These developments not only enhance the durability of the implanted devices but also expedite the recuperation process for patients following surgery. Furthermore, the pursuit of enhanced accuracy and productivity in orthopedic procedures has resulted in the development of minimally invasive surgical methods. To facilitate these techniques, sophisticated bone cement is engineered to permit more minimally incised incisions and diminished disturbance to adjacent tissues.
Dynamic and Intricate Regulatory Environment
A substantial impediment to the worldwide orthopedic bone cement industry is the dynamic and intricate regulatory environment. In light of ongoing technological progress and the introduction of innovative formulations, regulatory organizations across the globe bear the responsibility of safeguarding the safety, effectiveness, and quality of such products. Manufacturers encounter difficulties in introducing novel formulations of orthopedic bone cement to the market due to the rigorous regulatory approval processes, which frequently differ among regions.
Regulatory obstacles encompass stringent documentation and testing prerequisites, which significantly prolong the duration and allocate resources toward product development and commercialization. The complexity of complying with various regulatory standards impedes the timely delivery of innovative bone cement solutions to healthcare providers and patients.
Manufacturers’ Competition, and Pricing Pressures
The global orthopedic bone cement market is beset by formidable obstacles in the form of intense manufacturer competition and pricing pressures. The market has experienced a significant influx of participants providing an extensive selection of orthopedic bone cement goods, which has created an atmosphere of intense competition.
As manufacturers vie for market share, this competitive environment presses downward on product prices, making it difficult for businesses to maintain profitability and healthy profit margins. Furthermore, the challenges associated with reimbursement, healthcare cost containment measures, and heightened scrutiny of medical expenses all contribute to the exacerbation of pricing pressures.
Demographic Transition Towards an Increasingly Elderly Populace
One significant opportunistic factor propelling the worldwide orthopedic bone cement industry is the demographic transition toward an increasingly elderly populace. The global elderly population is increasingly susceptible to orthopedic conditions, including fractures and osteoarthritis, as the average lifespan continues to rise. Degenerative bone diseases and joint-related issues are more prevalent among the elderly, which has led to an increased demand for orthopedic interventions such as joint replacement surgeries. The demographic shift serves as a driving force behind the increased need for orthopedic bone cement, which is crucial for securing implants throughout these procedures; thus, it provides the market with a significant opportunity for expansion.
Furthermore, the increasing prevalence of musculoskeletal disorders transcends the geriatric population and affects a wider range of demographic groups. An increase in sports-related injuries, sedentary lifestyle choices, and other risk factors all contribute to the development of orthopedic conditions in individuals of all ages. The continuous increase in orthopedic surgeries, caused by a combination of lifestyle changes and a growing global population, catalyses the demand for orthopedic bone cement.
The market possesses the capacity to exploit this favorable circumstance by addressing the varied orthopedic requirements of a wide-ranging demographic, including younger individuals in search of remedies for fractures and sports injuries as well as the geriatric who necessitate joint replacements. By creating novel cement formulations tailored to individual patient's needs and age groups, the market can increase its competitiveness in addressing the unique orthopedic challenges that each age group and condition present. Fundamentally, an expanding impact on patient care and a substantial and multifaceted opportunity exists for the worldwide orthopedic bone cement market due to the aging population and rising prevalence of orthopedic conditions.
The worldwide market for orthopedic bone cement is anticipated to experience substantial expansion, propelled by a convergence of elements that highlight established patterns and emerging developments in the healthcare sector. The expanding prevalence of orthopedic conditions, technological advancements in cement formulations, shifting demographics, and a growing global awareness of orthopedic treatment options are significant factors driving the market's expansion. An important determinant driving market growth is the increasing prevalence of orthopedic ailments, including joint disorders, fractures, and osteoarthritis.
In conjunction with lifestyle factors that contribute to musculoskeletal disorders, the aging of the global population has increased the demand for orthopedic surgeries. There has been a significant rise in the number of joint replacement procedures, which has led to a corresponding expansion in the application of orthopedic bone cement. The aforementioned pattern is anticipated to endure due to the ongoing efforts of healthcare systems across the globe to accommodate the expanding demands of an aging population.
The continuous development of cement formulation technologies, which prioritize the improvement of biocompatibility, mechanical properties, and infection prevention, continues to be crucial for the advancement of the market. The implementation of antibiotic-loaded cement as a preventive measure against post-operative infections demonstrates the dedication of the medical field to enhancing patient results. In addition, the advancement of minimally invasive and patient-specific surgical methods enhances the adaptability and effectiveness of orthopedic bone cement uses, thereby establishing a solid foundation for the market's continued expansion.
Supply-side Dynamics
Notable participants in the orthopedic bone cement industry include, among others, DJO Global, Zimmer Biomet Holdings, Inc., Stryker Corporation, Johnson & Johnson (DePuy Synthes), and Smith & Nephew plc. By bringing innovative formulations of orthopedic bone cement to market via extensive product portfolios, strategic acquisitions, and ongoing investments in research and development, these industry titans have solidified their position as market leaders.
The orthopedic bone cement market is dominated by North America, led by the US, on account of its highly developed healthcare infrastructure and the high incidence of orthopedic conditions in the region. Europe, specifically nations such as Germany, and the UK, constitutes an additional substantial market participant. The Asia Pacific region, particularly China, and India, is experiencing significant expansion, which can be attributed to two factors, including an aging population and a growing consciousness regarding orthopedic treatment alternatives.
Orthopedic bone cement is being utilized extensively in joint replacement surgeries, with a developing trend toward outpatient procedures, in nations such as the US. The implementation of sophisticated cement formulations is noteworthy in Europe, specifically Germany, as a means to tackle the orthopedic requirements of the geriatric populace. Orthopedic clinics, and centers in emerging economies, such as India, are experiencing a surge in activity to accommodate the growing need for joint replacements and fracture fixations.
Which is the Leading Material Segment?
PMMA Materials Dominant for Robust Adhesion Characteristics
In the orthopedic bone cement market, the polymethyl methacrylate (PMMA) segment is anticipated to capture the largest market share. PMMA, a material renowned for its robust adhesion characteristics and harmonious integration with bone structures, has been extensively employed in orthopedic interventions, specifically in the realm of joint replacement. PMMA's market dominance is attributed to its well-established history, dependable nature, and widespread recognition among surgeons; consequently, it is the material of choice for orthopedic bone cement applications.
At present PMMA dominates the market, but it is expected that the other materials sector will experience the most rapid expansion. This classification includes bioactive materials, hydroxyapatite, and other advanced composites, as well as emerging materials and innovations in orthopedic bone cement formulations.
With ongoing research and development endeavors aimed at discovering new materials that possess improved mechanical properties, antibacterial attributes, and biocompatibility, the other materials segment is poised to experience substantial expansion. Accelerated adoption of these alternatives is being propelled by the pursuit of cutting-edge materials and technologies to address evolving clinical requirements; as a result, the other materials segment is expanding at the quickest rate in the dynamic orthopedic bone cement market.
Which is the Largest Product Type Category?
Medium Viscosity Cement to be at the Forefront with Versatile Functionality
It is anticipated that the segment of medium viscosity cement will hold the most market share in the orthopedic bone cement industry. Medium-viscosity cement provides versatility in orthopedic applications by striking a balance between low and high-viscosity variants. These materials are frequently favored in the context of joint replacement procedures due to their satisfactory flowability and handling properties. The prevalence and favorable reception of medium viscosity cements in a variety of orthopedic procedures are factors that contribute to their market dominance.
Antibiotic cement is anticipated to experience the most rapid growth among orthopedic bone cement segments. Antibiotic-loaded cements are of paramount importance in the prevention and management of post-operative infections, thereby effectively tackling a substantial apprehension that arises in the context of orthopedic operations.
As infection prevention measures become more of a priority for healthcare providers, antibiotic cement demand is anticipated to increase. The incorporation of antimicrobial characteristics into these cements improves their practicality in clinical settings, thereby positioning the antibiotic cements market segment for substantial expansion in the light of the changing demands of orthopedic professionals and patients.
Which is the Primary End User Category?
Hospitals Continue to be at the Forefront of Demand Generation
It is anticipated that the hospital segment will hold the greatest market share and dominate the orthopedic bone cement market. Orthopedic surgery, encompassing joint replacements and fracture fixations, is predominantly performed in hospitals, where orthopedic bone cement is widely employed. The prevalence of comprehensive surgical facilities and the steady flow of orthopedic procedures in hospitals are factors that contribute to the hospital segment's prominence in the orthopedic bone cement market.
The orthopedic bone cement market is anticipated to witness the most rapid expansion in the orthopedic clinics and centers sector. The increasing prevalence of specialized orthopedic care and outpatient services has resulted in a heightened demand for bone cement within orthopedic clinics and centers. These establishments provide a more concentrated and effective setting for orthopedic procedures, thereby bolstering the expansion of the orthopedic clinics, and centers sector as they establish themselves as leaders in the provision of specialized orthopedic treatments and operations.
North America’s Leadership Prevails with Robust Regulatory Framework, and Advanced Healthcare Infrastructure
It is anticipated that North America will hold the largest market share of the worldwide orthopedic bone cement industry. The region's robust regulatory framework, advanced healthcare infrastructure, and high prevalence of orthopedic conditions all contribute to the extensive adoption of orthopedic bone cement. The escalating elderly populations of the US, and Canada, in conjunction with their firmly established healthcare systems, propel the need for orthopedic procedures such as joint replacements and fracture fixations, in which bone cement is an indispensable component. Ongoing technological advancements, the presence of key market participants, and a significant emphasis on research and development all contribute to North America's dominant position in the global orthopedic bone cement market.
Opportunities Abound in South Asia, and the Pacific
The region of South Asia, and the Pacific is anticipated to witness the most rapid expansion of the worldwide orthopedic bone cement industry. A large and aging population, rising disposable income, and an increasing awareness of advanced healthcare solutions all contribute to the region's expansion. Orthopedic procedures are experiencing a notable upswing in nations such as India, and China, primarily attributed to shifts in lifestyle, an increased prevalence of fractures, and a mounting need for joint replacement surgeries.
Furthermore, factors such as the advancement of medical technology accessibility, the improvement of healthcare infrastructure, and the increasing adoption of minimally invasive procedures all contribute to the substantial growth of the orthopedic bone cement market in the South Asia, and the Pacific region. The dynamic healthcare sector, in conjunction with the economic expansion in these nations, fosters a favorable milieu for the burgeoning orthopedic bone cement industry, positioning it as the region with the most rapid growth on a global scale.
Prominent participants in the orthopedic bone cement industry utilize a variety of approaches to maintain and increase their market dominance. Prominent industry participants, including Stryker Corporation, Zimmer Biomet Holdings, Inc., Smith & Nephew plc, and DJO Global, have attained maximum market dominance through a combination of innovation, strategic collaborations, and market expansion. These dominant companies' ongoing investments in innovation and research & development serve as a primary motivator. These organizations are dedicated to the research and development of innovative formulations of orthopedic bone cement that provide enhanced mechanical properties, biocompatibility, and infection prevention.
The development of antibiotic-loaded cements, which aim to reduce post-operative infections, is a direct result of their dedication to tackling significant clinical obstacles. By persistently striving for innovation, they can maintain a competitive edge and effectively address the changing demands of orthopedic surgeons and patients. To attain the greatest possible market share, dominant companies adopt a worldwide outlook and augment their footprint in strategic regions.
The primary emphasis is on entering burgeoning markets in the Asia Pacific area, including China, and India. These markets offer substantial prospects due to the escalating awareness of orthopedic treatments and the burgeoning elderly populations in those countries. Concurrently, it is imperative to sustain a robust presence in developed markets such as North America, and Europe, owing to the well-established healthcare systems and elevated incidence of orthopedic ailments in these localities.
New Product
GRAFTYS SA, an established authority in resorbable bone cement for orthopedic surgery, successfully raised EUR 2.0 million from its current shareholders in July 2022. The capital infusion was intended to expedite the commercialization process and facilitate the introduction of new products.
Market Impact: The favorable outcome of GRAFTYS SA's capital financing of 2.0 million EUR in July 2022 is anticipated to influence the global orthopedic bone cement market positively. GRAFTYS SA anticipates that the injection of capital will accelerate the commercialization procedure for its resorbable bone cement, thereby facilitating a more streamlined introduction of its groundbreaking products to the market. Moreover, the prioritization of product introduction implies a possible improvement in the orthopedic bone cement industry as a whole. The progress made by GRAFTYS SA in this regard could expand the range of choices and alternatives available to healthcare professionals and patients on a global scale.
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Attribute |
Details |
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Forecast Period |
2023 to 2030 |
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Historical Data Available for |
2018 to 2022 |
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Market Analysis |
US$ Million for Value |
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Key Regions Covered |
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Key Countries Covered |
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Key Market Segments Covered |
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Report Coverage |
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Customization & Pricing |
Available upon request |
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The market is anticipated to grow at a CAGR of 5.0% during the projected period.
The orthopedic bone cement market was valued at US$1 billion in 2023.
The US held the largest market share in 2023.
Some of the prominent players in the market are Stryker Corporation, Smith & Nephew, Johnson & Johnson (Depuy Synthes), and Zimmer Biomet Holdings Inc.
The orthopedic clinics and centers segment is expected to grow at the fastest growth rate during the forecast period.
