Bone Cement and Glue Market By Type (Bone Cement, Bone Glue); By Application (Arthroplasty, Total Knee Arthroplasty, Total Hip Arthroplasty, Total Shoulder Arthroplasty, Kyphoplasty, Vertebroplasty, Other Applications); By End User (Hospitals, Ambulatory Surgery Centers, Clinics/Physician Offices); By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Market Analysis, Trends, Opportunity and Forecast, 2022-2032
Bone Cement and Glue Market Overview and Definition
The global bone cement and glue market size was valued at around USD 1.5 billion in 2022 and is projected to grow at a compound annual rate of growth (CAGR) of around 5.6% from 2022 to 2032.The market size is projected to succeed in USD 2.6 billion by 2032. Glue and bone cement are the two essential items that assistance in fixing broken or cracked bones. In the current situation, the bone cement industry has been offering lucrative growth opportunities. Furthermore, it has been observed that the glue division is experiencing an ascent in prominence when put in contrast with bone cement in the forecast period.
Bone cement is additionally viewed as polymethyl methacrylate. It is prevalently found in shifted muscular medicines just as injury-initiated medical procedures. Bone cement & bone glue are two devices that are used to fix and join together fractured or broken bones. These devices clog and close up the free space between the artificial joints and the bone. These come in powder or liquid form and are used to recover and mend bones.
The bone cement and glue market refers to the industry that produces and sells materials used for orthopedic surgeries, such as joint replacements, fracture repair, and spinal fusion. Bone cement is a material used to fix implants to bones, while glue is used to seal tissue and prevent bleeding during surgery. The market is expected to grow due to an aging population, an increase in orthopedic surgeries, and advancements in technology. Major players in the market include Stryker, Zimmer Biomet, and DJO Global.
Bone Cement and Glue Market: Key Drivers
The bone cement and glue market is driven by several factors, including:
Aging population: As the global population ages, the demand for orthopedic surgeries, including joint replacements and spinal fusion, is increasing.
Increasing incidence of orthopedic conditions: The prevalence of orthopedic conditions such as arthritis, osteoporosis, and fractures is also increasing, which is driving demand for bone cement and glue.
Advancements in technology: Advances in materials science and surgical techniques are leading to the development of new and improved bone cement and glue products, which is driving market growth.
Growing healthcare expenditure: Rising healthcare expenditure in both developed and developing countries is enabling greater access to orthopedic surgeries, which is driving demand for bone cement and glue products.
Increasing awareness of the benefits of orthopedic surgery: As patients become more aware of the benefits of orthopedic surgery, including improved quality of life and mobility, the demand for these procedures is increasing, which is driving demand for bone cement and glue.
Rapid growth in the geriatric population is a significant driver of growth in this market; research and development expenditure has increased from the past few years in regenerative medications, which have also derived positive growth in this market. Traffic accidents are also on the rise which results in conditions like osteoporosis.
Changing lifestyle of a large amount of youth focused on working out in gyms also makes them more sensitive to a fracture. Increased prevalence of periodontics among teenagers and young adults has also been growing in demand in the sector.
Various types of backbone problems are also influential in driving the growth of this market as people are working more and more daily, which leads to severe back issues. Orthopedic bone cement has also been an innovative solution adopted by healthcare practitioners worldwide trying to enter the new market with ingredients such as antibiotic impregnated cement, which is the primary driver for this market.
Bone Cement and Glue Market Challenges
The bone cement and glue market faces several challenges, including:
High cost: The cost of bone cement and glue products can be high, which can limit access to these products, particularly in developing countries.
Safety concerns: There are concerns about the safety and effectiveness of some bone cement and glue products, particularly in the long term, which can limit their use.
Regulatory challenges: The bone cement and glue market is subject to strict regulatory requirements, which can slow down the development and approval of new products.
Competition: The market is highly competitive, with a large number of players competing for market share, which can limit profitability for companies.
Limited reimbursement: Reimbursement policies for orthopedic surgeries and associated products can be limited, which can limit the use of bone cement and glue products by healthcare providers.
Bone Cement and Glue Market : Report Scope |
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Base Year Market Size |
2023 |
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Forecast Year Market Size |
2023-2032 |
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CAGR Value |
6.5 % |
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Segmentation |
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Challenges |
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Growth Drivers |
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Bone Cement and Glue Market Segmentation
By Type
- Bone Cement
- PMMA Cement
- Calcium Phosphate Cement
- Glass Polyalkenoate Cement
- Non-Antibiotic Loaded Bone Cement
- Antibiotic Loaded Bone Cement
- Bone Glue
- Natural Bone Glue
- Synthetic Bone Glue
By Application
- Arthroplasty
- Total Knee Arthroplasty
- Total Hip Arthroplasty
- Total Shoulder Arthroplasty
- Kyphoplasty
- Vertebroplasty
- Other Applications
By End User
- Hospitals
- Ambulatory Surgery Centers
- Clinics/Physician Offices
By Region
- North America (U.S. & Canada)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
Bone Cement and Glue Market: Regional Synopsis
The worldwide bone cement market is captured by North America and is followed by Europe, driven due by multiple developed nations with disposable income levels and the ability to afford treatment. North America is anticipated to continue its dominance worldwide during the forecast period.
In any case, Asia Pacific is anticipated to witness the highest CAGR, with the development in this market focused in Japan, China, and India. Factors like the rising focus on companies in significant parts in emerging Asian nations and government support drive the Asia Pacific market development. The elements like the diversified product portfolio of important conglomerates & specialists and restricting administrative and regulatory measures from the government to endorse new items may restrain the market's development somewhat in this region.
Bone Cement and Glue Market: Key Players
- Cardinal Health, Inc.
- CryoLife, Inc.
- DePuy Synthes
- DJO Global, Inc.
- Exactech, Inc.
- Heraeus Medical LLC
- Smith & Nephew PLC
- Stryker Corporation
- Teknimed
- Trimph Pty Ltd
- Zimmer Biomet Holdings, Inc.
- Arthrex, Inc
- Other Players
Bone Cement and Glue Market: Recent Developments
May 17, 2021-Orthofix Announces US and European Full Market Launch of OSCAR PRO System for Removal of Cement During Complex Joint Revision Surgeries.
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- Publication date: 19th January 2024
- Base year: 2022
- Forecast year: 2023-2033
- Format: PDF, PPT,Word,Excel
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