Global Bone Cement & Glue Market

The Bone Cement & Glue Market size was valued at USD 1.39 Billion in 2023 and the total Bone Cement & Glue revenue is expected to grow at a CAGR of 6.1% from 2024 to 2030, reaching nearly USD 2.11 Billion.

Polymethyl methacrylate (PMMA), is commonly known as bone cement and is widely used for implant fixation in various Orthopaedic and trauma surgery or to make resin (filling for your teeth) or some plastics. A physician mixes the powder with a liquid to create a solution called polymethyl methacrylate, which is bone cement. Bone cement is not an adhesive.

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Instead, it fills in the space where a diseased vertebra used to be. These are used to repair and tie together fractured or broken bones. The free space between the artificial joints and the bone is clogged and closed by these devices. These devices come in powder or liquid form and are used to speed up bone healing and repair.

Bone Cement & Glue Market Dynamics:

Rapid growth in the geriatric population is the vital factor to drive Bone Cement & Glue

In developing countries, chronic non-communicable diseases such as heart diseases, cancer, and diabetes changes in lifestyle and diet, as well as aging is rising it is expected to grow 1.5 billion by 2050. The potential economic and societal costs of non-communicable diseases of this type rise sharply with age and have the ability to affect economic growth.

The process of population ageing is most advanced in Europe and in Northern America, where more than one person in five was aged 60 or over in 2017, the populations of other regions are growing older as well. In 2050, older persons are expected to account for 35 per cent of the population in Europe, 28 per cent in Northern America, 25 per cent in Latin America and the Caribbean, 24 per cent in Asia, 23 per cent in Oceania and 9 per cent in Africa. In Asia, in Africa and in Latin America and the Caribbean, well over half of the persons aged 60 or over co-resided with a child circa 2010; by contrast, in Europe and in Northern America only around 20 per cent of older persons co-resided with their children.

Other factors driving market growth include an increase in the number of road traffic accidents, an increase in the number of domestic and international players entering the market with new ingredients such as antibiotic-impregnated bone cement, rising developments in the field of regenerative medicine, an increase in the incidence of periodontics among young adults, an increase in the prevalence of osteoporosis, and an increase in the demand for orthotics.

Furthermore, in the forecasted period of 2024-2030, growing growth opportunities in emerging economies and rising research and development activities would generate new opportunities for the bone cement and glue industry.

However, rising unfavorable reimbursement scenario and increased costs and extensive clinical data requirements for launching new bone cements are the major factors among others that will obstruct the market growth while rising development of novel biomaterials with high mechanical properties and adhesion strength will further challenge the growth of bone cement & glue market in the forecast period mentioned above.

The report has profiled twenty-five key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labour cost, availability of advanced technology, trusted vendors are analysis and report has come up with recommendations for a future hot spot in North America. Major country’s policies about manufacturing and their impact on Bone Cement & Glue demand are covered in the report.

Bone Cement & Glue Market Segment Analysis

The Hospitals segment is expected to grow at a CAGR of xx% during the forecast period.

Based on the End User, in 2023, the hospitals' segment has a market share of xx per cent, and it is expected to hit USD$ xx Mn by 2030 . The industry is being propelled forward by the diagnosis of corneal diseases and the availability of technologically advanced facilities for retinal scans. The Indian healthcare sector is expected to reach US$ 1.39 billion by 2023.

Rising income level, greater health awareness, increased precedence of lifestyle diseases and improved access to insurance would be the key contributors to growth. Health insurance is gaining momentum in India. Gross direct premium income underwritten by health insurance grew 17.16% y-o-y to Rs. 51,637.84 crore (US$ 7.39 billion) in the year 2021.

Bone Cement & Glue Market Regional Insights:

North American to witness a high market growth rate and is expected to grow at a CAGR of xx% by 2030

The North American market for Bone Cement & Glue is expected to rise at a faster pace than the rest of the world by 2030. In the Asia-Pacific region, China and India are projected to rise at the fastest rates in terms of revenue. In the U.S, health expenditures reached about $1.4 trillion, and in 2021 the amount spent on health more than doubled to $3.8 trillion. In recent years, spending on hospitals, physicians, and prescriptions is witnessing rapid growth due to an upsurge in the Covid -19 cases this has made a positive impact on the market.

Health spending in the U.S. increased by 4.6% in 2021 to $3.8 trillion or $11,582 per capita. This growth rate is in line with 2018 (4.7 per cent) and slightly faster than what was observed in 2017 (4.3 per cent). After a period of relatively fast growth in 2014 and 2015 during the implementation of the Affordable Care Act, 2019 was characterized by slower and stable growth that continued from 2017 through 2018. Likewise, health spending was only 17.7 per cent of GDP in 2021 compared with 17.6 per cent of GDP in 2018.

The objective of the report is to present a comprehensive analysis of the global Bone Cement & Glue market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global Bone Cement & Glue market dynamics, structure by analyzing the market segments and project the global Bone Cement & Glue market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Bone Cement & Glue market make the report investor’s guide.

Covid-19 Impact:

COVID-19 Impact on the global Bone Cement & Glue market

Prior to COVID-19, global vehicle production was projected to increase from 90–95 million units in 2021 to 110–115 million units by 2025. Despite the fact that global vehicle output fell by 5.2 per cent between 2018 and 2021 (according to an OICA report), the production outlook for 2021-22 was expected to show substantial growth due to several measures taken by OEMs and some governments to attract buyers. As a result, in the pre-COVID-19 scenario, the connected car market was expected to hit USD xx billion by 2025, up from USD xx billion in 2021. (in terms of value).

Global Bone Cement & Glue Market Scope: Inquire before buying

Bone Cement & Glue Market, by Region

North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)

Bone Cement & Glue Market,Key Players are:

1. Smith and Gephew
2. Zimmer Biomet Cardinal Health
3. DJO Global
4. Heraeus Medical
5. Arthrex
6. CryoLife
7. DePuy Synthes
8. Teknimed
9. Exactech
10. Stryker and Triumph
11. 3M
12. BSN medical
13. Medtronic
14. Globus Medical
15. Johnson & Johnson Services Inc.
16. Arthrex Inc.
17. aap Implantate AG
18. Exactech Inc.
19. Teknimed
20. CryoLife
21. Cardinal Health
22. Tecres SpA
23. Orthofix Medical Inc,
24. Other key players

Frequently Asked questions

1. What is the market size of the Global Bone Cement & Glue Market in 2023?
Ans. The market size Global market in 2023 was USD 1.39 Billion.

2. What are the different segments of the Global Bone Cement & Glue Market ?
Ans. The Global market is divided into Type, Application and End User.

3. What is the study period of this market?
Ans. The Global market will be studied from 2023 to 2030.

4. Which region is expected to hold the highest Global Bone Cement & Glue Market share?
Ans. The Asia Pacific dominates the market share in the market.

5. What is the study period of this Market?
Ans: The Global Bone Cement & Glue Market is studied from 2023 to 2030.