Orthopedic Bone Cement and Casting Materials Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI4167
Orthopedic Bone Cement and Casting Materials Market size is projected to experience significant growth from 2019 to 2025.
Growing number of joint problems owing to aging population is one of the major factors boosting the growth of the market. Rising number of people suffering from obesity, growing preference of consumers towards junk foods which in turn leads to weaker bones due to non-nutritious food is anticipated to propel the growth of the market over the forecast period. Rising number of accidents that results in bone fractures are projected to upsurge the demand for orthopedic bone cement and casting materials which in turn will drive the market growth positively.
The growing number of research and development in orthopedics field and rise in the usage of casting materials to teat orthopedic injuries are expected to fuel the growth of the market in the upcoming years. Furthermore, growing number of trauma cases and rise in the number of orthopedic surgeries are likely to increase the adoption of bone cement and casting material products in the upcoming years.
The growing incidence of osteoporosis across the globe is further driving the growth of the market. For[SW1] instance, according to the International Osteoporosis Foundation, around 8.9 million fractures particularly osteoporotic fracture in every 3 second occurs annually. Hence, the demand for orthopedic bone cement and casting materials is anticipated to grow significantly as the prevalence of osteoporosis rises across the globe.
However, lack of reimbursement policies and high cost is some of the factors that may restrict the overall growth of the market in the future years.
Bone cement is expected to witness the lucrative growth over the forecast period. This is attributed to the growing number of orthopedic procedures such as arthroplasty and others. The growing geriatric population and increasing prevalence of osteoporosis are other factors that are contributing into the growth of the segment.
Trauma cases segment is anticipated to witness the lucrative growth over the forecast period. This is attributed to the couple of factors such as growing number of accidents and severe cases of fractures owing to mishaps among elderly population is projected to propel the growth of the market.
North America is currently dominating the orthopedic bone cement and casting materials market in the region. This is attributed to the high number of orthopedic surgeries and rising technological advancements. Furthermore, rising geriatric population base suffering from joint pains is also contributing into the growth of the market.
Asia Pacific is expected to witness the lucrative growth over the forecast period. The is owing to the large number of osteoporotic surgeries in the hospitals and ambulatory surgical centers propelling the growth of the market in the region.
Few of the key companies operating in orthopedic bone cement and cast materials market include DePuy Synthes, Zimmer Biomet, Smith & Nephew, Stryker, Orthofix Holdings, Inc., 3M, and, BSN medical. key companies in the market are undergoing collaborations, partnerships and merger & acquisitions in order to expand their product portfolio.
Orthopedic Bone Cement and Casting Materials Market by Product, 2014-2025 (USD Million)
- Bone Cement
- Casting Materials
Orthopedic Bone Cement and Casting Materials Market by Application, 2014-2025 (USD Million)
- Trauma Cases
- Spinal Injuries
- Joint Arthroplasty
- Sports Injury
Orthopedic Bone Cement and Casting Materials Market by End-user, 2014-2025 (USD Million)
- Ambulatory Surgical Centers
- Orthopedic Clinics
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
- DePuy Synthes
- Zimmer Biomet
- Smith & Nephew
- Orthofix Holdings, Inc.
- BSN medical
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