Bone Cement & Glue Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

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Bone Cement & Glue Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Status : March, 2020 | Medical Devices | PPT format

Report Digest


Global Bone Cement & Glue Market: Snapshot

Bone glue and bone cement are two products used to fix the fractured or broken bones. Currently, the bone cement segment is churning maximum demand in the global market. This is due to rise in cases of osteoporosis and increase in number of arthroplasty treatments all over the world. Nevertheless, in coming years, the bone glue segment is anticipated to witness a faster rise in demand as compared to bone cement segment due to rise in cases of orthopedic surgeries and fractures. Bone cement is also known as polymethyl methacrylate (PMMA). It is used widely in in various trauma surgery and orthopedic treatments. On the other hand, bone glue is used to replace small plates and screws that hold different bone fragments together in one place for some time so that the breaking is healed.

The increase in number of old age people, sport injuries, and increased road accidents due to excessive traffic, and trauma cases are some of the factors fueling the rise in demand for global bone cement and glue market. Besides, advancements in degenerative medicines is another factor influencing the market growth. On the flip side, dearth of proper imbursement policies and increased cost of bone glue or bone cement is anticipated to hinder the development of bine cement and glue market. Besides, a detailed clinical data is needed to develop new product. This factor can also obstruct market growth in coming years.

Global Bone Cement & Glue Market: Overview

The two products bone cement and bone glue are meant to fasten broken or fractured bones together. At present, the bone cement segment is generating maximum demand in the market, finds our report published in TMR Research. This is because of the increasing occurrence of osteoporosis and growing number of arthroplasty procedures being carried out worldwide. However, going forward, the bone glue is expected to see its demand and sales rise faster than bone cement because of the growing number of fractures and orthopedic surgeries.

Bone cement is also known as polymethyl methacrylate (PMMA) and finds widespread application in different orthopedic and trauma surgery. Bone glue on the other hand is used to supplant tiny screws and plates meant to hold fragments in place for enough time for the healing of the break.

The report predicts that robust competition in the market will be fanned by players wanting a greater share of the pie through the launch of innovative products with effective functionalities. To that end, they are seen pulling out all stops to comply with industry regulations and various government policies.

Global Bone Cement & Glue Market: Key Trends

Majorly fuelling the global bone cement and glue market is the rising number of sport injuries, growing pool of elderly, and the increasing number of road accidents and trauma cases. Apart from that, developments in regenerative medicine is also positively influencing the market. However, on the downside, lack of proper reimbursement policies and high cost of bone cement or glue is posing a challenge to the growth in the market. Apart from that, exhaustive clinical data needed to designing new products is also another drawback.

Depending upon end users, the global bone cement and glue market can be divided into ambulatory surgery centers, hospitals, and clinics and physician’s offices. Among them, the hospital segment is generating maximum demand and will likely continue doing so in the near future due to the increasing number of orthopedic surgeries conducted in hospitals and the building of hospitals or increasing capacities in existing ones in developing countries.

Global Bone Cement & Glue Market: Market Potential

The bone cement and glue market find application in arthroplasty, total hip arthroplasty, total knee arthroplasty, total shoulder arthroplasty, vertebroplasty, and kyphoplasty. Arthroplasty, among them, will likely hold the largest market share owing to the rising number of hip, knee, and shoulder injuries.

Global Bone Cement & Glue Market: Regional Outlook

From a geographical standpoint, Europe and North America dominate the global market for bone cement and glue because of the advanced healthcare facilities and presence of key players in the region. Vis-à-vis growth rate, on the other hand, Asia Pacific is expected to steal the show on account of the fast developing healthcare infrastructure, rising medical tourism, penetration of prominent international players, initiatives by authorities to promote sports, and the growing pool of elderly in the region.

Global Bone Cement & Glue Market: Competitive Analysis

Some of the prominent participants in the global market for bone cement and glue are Zimmer Biomet, Stryker, DePuy Synthes, Arthrex, DJO Global, Smith & Nephew, Exactech, Trimph, Heraeus Medical, CryoLife, TEKNIMED, and Cardinal Health. The report tracks their key products, sales and revenues, and market shares. It also provides insights into the opportunities they can tap into and the pitfalls they need to avoid.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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