North America Bone Cement Market Outlook
According to a new report by Expert Market Research titled “North America Bone Cement Market Size, Share, Analysis, Report, Demand, Forecast 2024-2032″, the North America bone cement market grew significantly in 2023. Aided by the rising number of orthopaedic surgeries and the expanding elderly population, the market is expected to grow at a CAGR of 5.80% between 2024 and 2032.
Bone cement, predominantly utilised in orthopaedic and trauma surgeries, acts as a grouting agent to fill the void between the bone and the implant. The primary use of bone cement is seen in arthroplasty procedures, particularly in knee and hip replacement surgeries. Given its adhesive nature, bone cement ensures that the prosthetics remain intact, delivering much-needed stability and flexibility post-surgery.
A pivotal factor pushing the North America bone cement market growth is the increasing prevalence of osteoarthritis and osteoporosis. With North America housing a significant portion of the global elderly population, there has been a marked rise in orthopaedic disorders, consequently leading to a higher demand for bone cement due to the augmented number of joint replacement surgeries.
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Moreover, the escalating trend of sports and physical activities in the region has inevitably resulted in increased sports-related injuries. These injuries, ranging from simple fractures to complex ligament tears, often necessitate surgical interventions. Bone cement, given its robust adhesive properties, plays a crucial role in ensuring the success of these surgical procedures, thereby providing impetus to the North America bone cement market growth.
Furthermore, advancements in the medical sector have given rise to innovative techniques like minimally invasive surgeries (MIS). These surgeries, known for their reduced recovery time and less post-operative discomfort, often employ bone cement, further accentuating its demand.
The application of bone cement is not limited to orthopaedics alone. The dental industry, with its growing cosmetic and corrective procedures, leverages the benefits of bone cement. Whether it’s fixing dental implants or reconstructive surgeries, bone cement’s role in ensuring stability and longevity is paramount, boosting its adoption in the dental sector.
Additionally, the region’s progressive healthcare infrastructure and increased healthcare expenditure are instrumental in fostering the bone cement market demand. With governments and private entities investing heavily in research and development, the region has witnessed the introduction of next-gen bone cements with enhanced biocompatibility and reduced curing time. These advancements not only ensure better patient outcomes but also bolster the bone cement market’s expansion in North America.
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North America Bone Cement Market Segmentation
The market can be divided based on product, application, end use, and country.
Market Breakup by Product
- Calcium Phosphate Cement (CPC)
- Glass Polyalkenoate Cement
- Polymethyl Methacrylate (PMMA) Cement
Market Breakup by Application
- Kyphoplasty
- Arthroplasty
- Vertebroplasty
Market Breakup by End Use
- Hospital
- Ambulatory Surgical Centres
- Clinics
Market Breakup by Country
- United States
- Canada
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the North America bone cement market. Some of the major players explored in the report by Expert Market Research are as follows:
- Johnson & Johnson MedTech (Depuy Synthes)
- Stryker Corporation
- Zimmer Biomet Holdings, Inc
- Smith & Nephew plc
- Medtronic plc
- DJO, LLC
- Globus Medical, Inc
- Arthrex, Inc.
- Cardinal Health, Inc.
- Heraeus Medical LLC
- Others
Frequently Posed Queries (FAQs) with Comprehensive Answers
What became the dimensions of the North America bone cement marketplace in 2023?
- In the year 2023, the North America bone cement market exhibited tremendous boom, attaining a market length surpassing USD 329.89 million. This indicates a noteworthy marketplace presence and underscores its monetary importance.
What is the growth rate of the North America bone cement marketplace?
- The North America bone cement market is poised for sustained increase, with an expected Compound Annual Growth Rate (CAGR) of 5.80% anticipated between 2024 and 2032. This indicates a nice trajectory in the marketplace’s growth.
What is the predicted size of the North America bone cement market via 2032?
- Looking beforehand, the North America bone cement marketplace is predicted to witness continued growth, with an anticipated market size accomplishing past USD 463.35 million by the year 2032. This forecast underscores the marketplace’s resilience and increase ability.
What are the fundamental market drivers?
- The marketplace’s propulsion is attributed to numerous sizeable drivers, together with the escalating incidence of sports injuries, a developing geriatric populace, and increasingly more avenue accidents. These factors collectively contribute to the market’s upward trajectory.
What are the important thing tendencies of the marketplace?
- Key tendencies shaping the North America bone cement marketplace include the growing incidence of osteoporosis, growing popularity of arthroplasty procedures, and the developing utilization of bone cement within the remedy of fractures. These developments spotlight evolving choices and improvements in scientific practices.
What is bone cement?
- Bone cement is a biomaterial crafted through blending a liquid section with a powder section, ensuing inside the formation of a plastic paste. This flexible fabric unearths utility in diverse medical approaches, specifically in orthopedic interventions.
How is the marketplace segmented?
- The North America bone cement marketplace undergoes segmentation primarily based on product, utility, cease use, and country. This dependent segmentation provides a complete know-how of the market landscape.
What are the diverse bone cement merchandise?
- The market gives various bone cement products, which include calcium phosphate cement (CPC), glass polyalkenoate cement, and polymethyl methacrylate (PMMA) cement. This variety caters to one of a kind scientific necessities and options.
What are the programs of bone cement?
- Primary programs of bone cement consist of kyphoplasty, arthroplasty, and vertebroplasty. These applications exhibit the versatility of bone cement in addressing various scientific desires.
Who are the important thing market gamers?
- Key market players contributing notably to the North America bone cement market include Johnson & Johnson MedTech (Depuy Synthes), Stryker Corporation, Zimmer Biomet Holdings, Inc, Smith & Nephew plc, Medtronic plc, DJO LLC, Globus Medical, Inc, Arthrex Inc, Cardinal Health, Inc., and Heraeus Medical LLC, among others. These industry leaders play pivotal roles in shaping the market dynamics and development.
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