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The global bone cement market accounted to US$ 927.3 Mn in 2017 and is expected to grow at a CAGR of 5.4% during the forecast period 2018 – 2025, to account to US$ 1,414.1 Mn by 2025.
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Bone Cement is being used for in arthroplasty procedures for over four decades for the purpose of total joint replacement prosthesis to periprosthetic bone. Injectable form of bone cement is being used for various applications in vertebroplasty. However, factors such as porosity, viscosity, radiopacifiers, sterilization, biocompatibility and presence of antibiotic additives and mixing methods are known to affect the clinical performance of bone cements. Adverse effects of bone cement such as, cardiopulmonary complications, hypersensitivity to components such as benzoyl peroxide and presence of methylmethacrylate prove to be a major drawback to the use of bone cements. Thus, owing to these factors the market is likely to create growth opportunities in the forecast period.
Key Company Profiles:
The global bone cement market by type was led by polymethyl methacrylate (PMMA) cement segment. In 2017, the polymethyl methacrylate (PMMA) cement segment held a largest market share of 47.1% of the bone cement market, by type. The polymethyl methacrylate (PMMA) cement segment is expected to dominate the market in 2025 owing to extensive use of PMMA in various orthopedic procedures such as arthroplasty, kyphoplasty, and verteboplasty.
The bone cement market by application was segmented into broplasty, arthroplasty, and kyphoplasty. The arthroplasty segment held the largest share of the market, by applicatin. The arthoplasty is likely to dominate in the forecast period owing to the increasing numbers of the procedures among which procedures for hip and knees are performed majorly.
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BONE CEMENT – MARKET SEGMENTATION
By End User
Approvals and agreements were observed as the most adopted strategy in global bone cement industry. Few of the recent product launch and collaboration and others are listed below;
2018: In January, 2018, Heraeus Medical made bone cement direct available in the United States. This move provides an opportunity for the surgeons in US to offer better service to the patients.
2018: In February, 2018, Heraeus Medical introduced innovations to its existing PALACOS product portfolio. The innovation includes, medium viscosity bone cement PALACOS MV variations, along with two mixing systems, PALAMIX and PALABOWL. The enhancement of product has helped the company to strengthen its product offering.
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