Market Leader - Bone Cement & Glue Market
The bone cement and glue market covers various types of bone cement and glues that are used to fix implants during orthopedic procedures such as arthroplasty, kyphoplasty, vertebroplasty, and several types of fractures. This market is expected to reach USD 1,322.6 Million by 2022 from USD 993.0 Million in 2017, at a CAGR of 5.9%. Factors driving the growth of this market include increasing incidence of sports injuries and rapid growth in geriatric population. Developments in the field of regenerative medicines and the growing number of road traffic accidents are some other factors supporting the growth of the market.
On the basis of type, the market is categorized into bone cement and bone glue. The bone glue segment is expected to grow at the fastest rate during the forecast period. Increasing adoption of bone glue due to its innovative and advanced applications in the management of fractures is the main factor contributing to the high growth rate of this segment.
On the basis of application, the market is categorized into arthroplasty, kyphoplasty, vertebroplasty, and other applications (injuries of head, face, dental, and fingers). The arthroplasty segment is estimated to grow at the fastest rate during the forecast period. The growth of this segment can be attributed to the increasing number of arthroplasty procedures and rising incidence of osteoporosis across the globe.
By end user, the bone cement and glue market is classified into hospitals; ambulatory surgery centers (ASCs); and clinics/physician offices. The hospitals segment is estimated to grow at the fastest rate during the forecast period. The increasing number of hospital in-patient-based orthopedic procedures is driving the demand for bone cement and glue in this segment.
The bone cement and glue market is geographically segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). Asia Pacific is expected to have the fastest growth rate due to improving healthcare infrastructure, heavy burden of orthopedic medical conditions, rising awareness about management of orthopedic diseases, and growth in the demand for bone cement and glue.
Given the immense opportunities in major applications of bone cement and glue, market leaders and emerging players are increasingly focusing on the market in the segments mentioned above to increase their revenues and are also looking to expand their reach to emerging economies.
Related Reports:
Bone Cement & Glue Market by Type (PMMA, Calcium Phosphate, Natural, Synthetic), Application (Arthroplasty (Total Knee, Hip, Shoulder), Kyphoplasty, Vertebroplasty), End User (Hospitals, Clinics, Ambulatory Surgery Centers) - Global Forecast to 2022
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