Orthopedic Bone Cement and Casting Materials Market size is likely to gain significant momentum from 2022 to 2028. This is considering the rising incidence of osteoporosis and the subsequent increase in the usage of bone cement to affix prosthetic joint components to slightly porous bones caused by this bone disease. The rapid expansion of the healthcare industry in developing economies and the surging occurrence of injuries among young athletes will also fuel the adoption of cast materials for broken bones over the years ahead. Bone cement refers to materials used as a mortar to secure bone implants, as spacers in orthopedic surgery, and as bone void fillers. Orthopedic doctors use casts as an effective and efficient method to support, protect, and treat injured bones or fractures.
Rise in the aging population and the high burden of obesity are some of the factors fostering the orthopedic bone cement and casting materials market trends over 2022-2028. In the United States, for example, childhood obesity has become a major issue, which could drive the demand for bone casting materials, as obese people have low bone density and are at increased risk of fractures. Furthermore, the mounting prevalence of spinal cord tumors in pediatrics and adolescents will also stimulate the use of bone cement in orthopedic surgery, including minimally invasive procedures like kyphoplasty.
Casting materials will emerge as a key product segment for the orthopedic bone cement and casting materials industry by 2028, as a result of the escalating cases of musculoskeletal trauma. According to the WHO, around 1.71 billion people worldwide have musculoskeletal conditions, which could augment the need for cast for broken ribs and other injuries.
Based on application, the joint arthroplasty segment is set to depict a strong growth rate through the forecast spell, given the increased burden of autoimmune diseases like rheumatoid arthritis among women. This factor could bolster the deployment of total knee arthroplasty to restore the function of joints in these patients and in turn, boost the adoption of bone cement materials.
The Middle East and Africa orthopedic bone cement and casting materials market is poised to amass considerable gains by 2028. This can be credited to the growing elderly population, since people tend to lose their bone density or mass as they age. In addition, the rising number of children with arthritis, alongside the high occurrence of non-traumatic spinal injuries, will also proliferate the regional industry demand in the upcoming years.
Some of the key players in the orthopedic bone cement and casting materials market are BSN medical (Essity), 3M, Orthofix Holdings, Inc., Stryker, Smith & Nephew, Zimmer Biomet, and DePuy Synthes (Johnson & Johnson), among others. These industry participants are focusing on innovative product launches, acquisitions, and mergers to expand their business footprint in the global market.
The novel coronavirus outbreak has posed lasting challenges for orthopedic surgeons due to the substantial decline in the number of patients, revenue, and surgical volume. The pandemic has also brought massive disruptions to the training experience of orthopedic surgery residents across the U.S. Situations such as these may have asserted a negative influence on the orthopedic bone cement and casting materials industry in recent months. However, the greater consumption of junk foods amid the pandemic may aid industry recovery over the forthcoming years, as such foods can cause weaker bones and impaired bone development.
Market, by Product
Market, by Application
Market, by End-user
The above information is provided for the following regions and countries: