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The bone cement market size is forecast to increase by USD 523.1 million at a CAGR of 5.82% between 2023 and 2028. Market growth is driven by various factors, including the increasing incidence of orthopedic disorders stemming from higher trauma rates. Additionally, the adoption of minimally invasive techniques is on the rise, facilitating quicker recovery and reducing patient discomfort. Moreover, the utilization of bone cement in interventional procedures is increasing, contributing to enhanced treatment outcomes. The market is also driven by the growing prevalence of orthopedic disorders and the increased number of ambulatory surgical centers. These factors collectively fuel market expansion, addressing the growing demand for orthopedic solutions amidst evolving healthcare needs. Furthermore, the report includes historic market data from 2018 to 2022.
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The market share growth by the antibiotic-loaded bone cement segment will be significant during the forecast period. Bone cement can release antibiotic molecules if any antibiotic is included in it, and this elution property improves as cement porosity is increased. PMMA, combined with antibiotics, provides a simple and efficient way to treat infection and osteomyelitis locally.
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The antibiotic-loaded bone cement segment was valued at USD 960.20 million in 2018. The use of antibiotic-loaded bone cement is increasing due to the growing need for reducing infection-related issues such as complex musculoskeletal infections during joint arthroplasties, and prophylaxes in total joint replacement. Consequently, the global antibiotic-loaded market is expected to grow at a faster rate than the non-antibiotic market owing to its increased advantages and growing awareness levels among end-users. Furthermore, manufacturers are focusing on the development of antibiotic-loaded bone cement materials to gain a competitive edge in the market. Therefore, factors are expected to increase the demand for antibiotic-loaded products during the forecast period.
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North America is estimated to contribute 42% to the growth of the global market during the forecast period. Technavioâs analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. North America accounted for a major share of the market, with the US being the major revenue contributor. The high share of the market is due to the widespread adoption of minimally invasive techniques such as joint reconstruction, fusion procedures, and fractures.
Furthermore, the market in North America is driven by the improved quality of materials. The market is also driven by the growing requirement for interventional procedures such as vertebroplasty and kyphoplasty. Additionally, countries such as the US and Canada have advanced infrastructure-based medical facilities, which increase the manufacturing capabilities for the development of advanced bone cement. All these factors, along with the increased focus on the healthcare industry on improving patient safety and procedure efficiency, will boost the growth of the market in North America during the forecast period.
The market addresses the needs arising from orthopedic conditions, offering solutions for minimally invasive increaseries with robotic assistance. It tackles challenges such as the variability of pathogen resistance in hospital emergency rooms, as recognized by organizations like the National Athletic Trainers' Association (NATA) and the Centers for Disease Control and Prevention (CDC). With a focus on synthetic (metal) implant procedures, the market highlights meeting clinical data requirements for effective orthopedic procedures, utilizing insights from conference and webinar materials to drive innovation. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The increasing use in interventional procedures is notably driving market growth. Market players are focusing on developing bone cement specifically for interventional procedures due to the growing number of interventional procedures in emerging economies. Also, despite its effectiveness in orthopedic procedures, may face challenges due to assumptions about its application, compounded by potential recession impacts, necessitating careful consideration to address concerns regarding global economic downturns and mitigate risks associated with skating incidents or other injuries such as sprains, strains, and contusions, while also addressing the growing popularity of activities like pickleball and associated hip injuries.
Additionally, while vital in orthopedic procedures for its ability to secure implants, may face challenges due to high costs, regulatory oversight, and competition from alternative fixation methods like bone staples, particularly impacting small firms and start-ups seeking to navigate the market landscape amidst concerns over patient safety and the prevalence of injuries such as concussions. Besides, such products are increasing the use of bone cement in interventional procedures, thereby increasing the demand for the product during the forecast period.
The growing adoption in dentistry and trauma is an emerging trend in the market. There has been a growing adoption of bone cement in dentistry owing to the increasing number of trauma cases. In many trauma cases, dental implants are required for restoration. However, the most important factor for dental implant success is bone osseointegration. Individuals with compromised healing experience increased dental implant failure as compared with healthy patients. Therefore, researchers at the University of Minnesota, US, developed a high-quality dental bone cement that can be used for unstable dental implants. This product is a non-resorbable dental bone cement made of Portland cement.
Furthermore, the cement has improved biocompatibility, better melding capacity, and quick set-up, and is not easily washed away by blood. This makes it highly useful in offering initial stability to the dental implant. The created bone cement also has a high tensile strength, which makes it suitable for stress-bearing areas. The cement is also easy to use and has a small particulate size to penetrate into the trabecular bone. Such initiatives are expected to fuel market growth during the forecast period.
The high entry barriers for new players are major challenges impeding the market. It is difficult for smaller companies to come up with an innovative product to infiltrate the market due to the presence of the bigger players already dominating the market. Moreover, the switching cost for the buyer and the trust in popular companies play a significant role in the market scenario. Also, these bigger companies have large distribution channels and contracts with all the major leading hospitals and health centers, which poses a big challenge for newer companies to penetrate the market. Therefore, customers show resistance toward the adoption of newer products.
Smaller companies have limited resources and funding, with no major collaborators. Hence, getting a minimum share of the market is always a challenge for them. The smaller set-ups face major challenges with regulatory approvals. With fewer products in the line, if approvals get delayed every time, it comes as a major drawback since product launch delays will have an impact on their revenues. This factor poses a negative impact on the global market during the forecast period.
The report includes the adoption lifecycle of the market, covering from the innovatorâs stage to the laggardâs stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
AAP Implantate AG - The company focuses on developing, manufacturing, and marketing products for medical trauma, anatomical plating system, and a wide range of cannulated screws. The key offerings of the company include bone cement.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million " for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Then market is influenced by factors like global recession and economic conditions, impacting healthcare budgets and financial constraints. Despite this, it offers cost-effective alternatives for orthopedic surgical procedures addressing sports injuries from activities like bicycling and skateboarding. Utilizing synthetic implants and advanced bone cement-like glue, it aims to minimize incisions and scarring, reducing recovery times and hospital stays. With surgical robots and minimally invasive increasery, it enhances healthcare resource utilization and patient satisfaction, mitigating product-related complications and allergic reactions.
Additionally, the market operates within complex healthcare systems and stringent regulatory environments, facilitating elective medical procedures and addressing injuries from organized sports like traumatic brain injuries, knee injuries, and shoulder injuries. It offers solutions such as arthroplasty and bone graft substitutes, overcoming restraints imposed by regulatory authorities. However, challenges like cement leakage, implant loosening, and chronic inflammation persist, driving innovation to mitigate adverse effects and improve patient outcomes.
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Market Scope |
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Report Coverage |
Details |
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Page number |
166 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.82% |
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Market growth 2024-2028 |
USD 523.1 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
5.41 |
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Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
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Performing market contribution |
North America at 42% |
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Key countries |
US, Germany, UK, Canada, and Japan |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
aap Implantate AG, Alphatec Holdings Inc., Enovis Corp., EVOLUTIS SAS, Exactech Inc., G21 Srl, Globus Medical Inc., Heraeus Holding GmbH, Johnson and Johnson Services Inc., Kyeron, Medacta International SA, Medtronic Plc, Merit Medical Systems Inc., Olympus Corp., Smith and Nephew plc, Stryker Corp., Synimed Synergie Ingenierie Medicale SARL, Tecres Spa, Teknimed, and Zimmer Biomet Holdings Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Market Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for Market forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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