Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1.63 Billion | USD 2.96 Billion | 6.80% | 2023 |
The global bone cement and glue market size was worth around USD 1.63 Billion in 2023 and is predicted to grow to around USD 2.96 Billion by 2032 with a compound annual growth rate (CAGR) of roughly 6.80% between 2024 and 2032.
The demand for the bone cement and glue Market is increasing significantly due rising population of elderly people across the major continents of the earth. Similarly, increasing the reach of healthcare services to the never-served areas will expose a huge population to healthcare services which will increase the demand for the bone cement and glue Market.
Global Bone Cement and Glue Market: Overview
Bone glue and bone cement are the two major products that are used to repair broken or fractured bones. At present, the bone cement division is churning the highest demand in the market. This owes to an increase in several cases of osteoporosis issues and a rise in the number of arthroplasty cases all over the globe. On the other hand, in the coming future, the bone glue division is projected to see a rapid increase in popularity when compared to the bone cement division owing to an increase in several cases of orthopedic fractures and surgeries. Bone cement is also called polymethyl methacrylate. It is utilized extensively in different orthopedic treatments and trauma surgery. In addition, bone glue is mainly utilized to substitute screws and small plates that hold back various bone fragments jointly in one place so that the fracture is healed completely.
Global Bone Cement and Glue Market: Growth Factors
Major factors that are propelling the global bone cement and glue market are the growing number of sports accidents, the increase in the aged population, and the rising number of trauma cases and road accidents. Apart from that, advancements in regenerative drugs are also optimistically influencing the global bone cement and glue market. On the other hand, the lack of appropriate reimbursement schemes and high expenditure on bone cement and glue are likely to hold back the global market. Moreover, thorough clinical data is required for designing the latest products, which can also act as a drawback for the global bone cement and glue market.
Global Bone Cement and Glue Market: Segmentation
In terms of type, the global bone cement, and glue market is fragmented into bone glue and bone cement. The bone cement division is projected to lead the global market. Major aspects fuelling the development of this division comprise an increasing number of arthroplasty procedures and the increasing occurrence of osteoporosis around the world. In terms of application, the market is categorized into vertebroplasty, kyphoplasty, arthroplasty, and other applications. The arthroplasty division is projected to hold the highest market share of the global market. The highest market share of this division can be accredited to the increase and growth in the number of shoulder, hip, and knee injuries. In terms of the end user, the global market is fragmented into clinics/physician offices, ambulatory surgery centers, and hospitals. The hospital's division is projected to hold the highest market share of the global bone cement and glue market.
Report Attributes | Report Details |
---|---|
Report Name | Bone Cement and Glue Market |
Market Size in 2023 | USD 1.63 Billion |
Market Forecast in 2032 | USD 2.96 Billion |
Growth Rate | CAGR of 6.80% |
Number of Pages | 215 |
Key Companies Covered | Stryker, Zimmer Biomet, Arthrex, DePuy Synthes, Smith and Nephew, DJO Global, Triumph, Exactech, CryoLife, Heraeus Medical, Cardinal Health, and Teknimed, and others. |
Segments Covered | By Type, By Application, By End-User, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Global Bone Cement and Glue Market: Regional Analysis
North America is projected to lead the global bone cement and glue market. This is accredited to aspects such as the growing incidence of sports accidents, the increasing geriatric populace, and the enhanced healthcare sector in the region. The global market is expected to be dominated by North America, which is likely to be followed by Europe. On the other hand, Asia Pacific is anticipated to develop at the highest rate in the coming future. The development of the market can be accredited to the improved healthcare sector, the influx of international players, increasing medical tourism, government initiatives to support sports and the increasing aged population in the Asia Pacific.
The global bone cement and glue market is dominated by players like:
By Type
By Application
By End User
By Region
What Reports Provide
FrequentlyAsked Questions
Bone cement and bone glue are materials used in orthopedic and dental procedures to fix and stabilize bone fractures, prosthetics, and implants.
According to a study, the global bone cement and glue market size was worth around USD 1.63 Billion in 2023 and is expected to reach USD 2.96 Billion by 2032.
The global bone cement and glue market is expected to grow at a CAGR of 6.80% during the forecast period.
North America is expected to dominate the bone cement and glue market over the forecast period.
Leading players in the global bone cement and glue market include Stryker, Zimmer Biomet, Arthrex, DePuy Synthes, Smith and Nephew, DJO Global, Triumph, Exactech, CryoLife, Heraeus Medical, Cardinal Health, and Teknimed, among others.
The bone cement and glue market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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