Enjoy complimentary customisation on priority with our Enterprise License!
The bone cement glue market size is estimated to grow at a CAGR of 5.54% between 2022 and 2027. The market size is forecast to increase by USD 493.86 million. The growth of the market depends on several factors, including the growing prevalence of orthopedic disorders due to rise in trauma cases, the increasing number of sports Injuries, and the rise in geriatric population.
This bone cement glue market report extensively covers market segmentation by end-user (hospitals, clinics, and ambulatory surgery centers), type (bone cement and bone glue), and geography (North America, Europe, Asia, and Rest of World (ROW)). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
To learn more about this report, View Report Sample
The growing prevalence of orthopedic disorders due to rise in trauma cases are notably driving the market growth, although factors such as strict regulatory standards and requirements may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Growing prevalence of orthopedic disorders due to rise in trauma cases is the key factor driving the growth of the global bone cement glue market. Trauma is one of the leading causes of disability and death in North America. For instance, according to National Centre for Biotechnology Information (NCBI) data, Trauma accounts for nearly 79,000 deaths annually among children and adults below 45 years of age in the US. Trauma can lead to spinal cord injuries, joint injuries, and abdominal injuries. Orthopedic surgeries to rectify injuries sustained due to trauma include joint replacement and spinal cord fixation, among others. These surgeries are also more common among the older population, as aging makes the bones more fragile/brittle and more prone to trauma, which, in turn, increases the chances of fractures and triggers demand joint replacement surgeries.
Trauma injury to the spinal cord may require spinal fixation. During this orthopedic surgical procedure, two or more vertebrae are anchored using a fixation device to reduce vertebral mobility and damage to the spinal root/cord. Approximately 12,500 average Americans have spinal injuries every year. Therefore, the increasing number of orthopedic surgeries owing to the rise in trauma cases, along with the increase in revision surgeries, are likely to drive demand for bone cement and glue for anchoring artificial joints or fixations in place and thereby spur the growth of the global bone cement and glue market during the forecast period.
Growing adoption of minimally invasive techniques is the primary trend in the global bone cement glue market growth. Surgeons and individuals are increasingly opting for minimally invasive surgeries globally, which is, in turn, increasing the adoption rate of bone cement and glue. The need for rapid recovery, reduced hospital stays, and better patient care outcomes have resulted in the adoption of minimally invasive techniques. Percutaneous vertebroplasty is a popular minimally invasive technique in which medical-grade bone cement and glue are delivered through a needle into a fractured vertebral body. The collapsed vertebra is stabilized using specially formulated acrylic bone cement during the vertebroplasty procedure. Kryptonite bone cement is used in the procedure as it is a non-toxic medical-grade cement.
Currently, bone cement used to treat trauma patients is quite stiff and hard. Vendors are emphasizing developing products that can be easily molded in the bone structure and reduces the risk of damaging adjacent operated areas, and this has been made possible with innovations in the bioengineering field. The rheological qualities of bone cement and glue greatly influence how much it interdigitates. To accomplish effective load transfer across diverse interfaces, bone cement, and glue must penetrate the callous bone structure to the maximum. The studies emphasizing nanoparticle addition have increased, which has helped in improving bone cement interfaces; therefore, surgical procedures are gaining traction. Thus, the growing popularity of minimally invasive techniques will increase the demand for bone cement and glue, which will drive the growth of the global bone cement and glue market during the forecast period.
Strict regulatory standards and requirements is a major challenge to the growth of the global bone cement glue market. Regulatory compliance is a significant challenge in the global bone cement and glue market. The production, distribution, and sale of bone cement glue are subject to stringent regulatory standards and requirements imposed by regulatory authorities in different countries such as US and Europe. These regulations are in place to ensure the safety, efficacy, and quality of medical devices used in orthopedic surgeries. Manufacturers of bone cement glue must comply with various regulatory frameworks, such as the U.S. Food and Drug Administration (FDA) regulations in the United States or the European Union's Medical Device Regulation (MDR) for countries within the EU.
These regulations govern product classification, pre-market approvals, post-market surveillance, labeling, and manufacturing practices. Complying with these regulatory requirements can be a complex and time-consuming process. These regulatory compliance processes involve rigorous documentation, submission of technical files, and interaction with regulatory authorities for product approvals and clearances. This process can be demanding and resource-intensive, especially for smaller manufacturers or new market entrants with limited experience or resources to navigate the regulatory landscape. This can become a major challenge for the growth of the global bone cement and glue market during the forecast period.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Bone Cement Glue Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
3M Co.: The company offers bone cement solutions such as 3M Ketac Cem Maxicap Permanent Glass Ionomer Luting Cement Intro Kit, 3M RelyX Universal Resin Cement Kits.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the hospitals segment will be significant during the forecast period. Hospitals account for a major share of the global bone cement and glue market. This is due to better accessibility to bone cement and glue during orthopedic surgeries and joint fillings during prostheses or reconstructions.
Get a glance at the market contribution of various segments View the PDF Sample
The hospitals segment was valued at USD 489.86 million in 2017 and continue to grow by 2021. Using bone cement and glue is high in interventional procedures such as vertebroplasty, a minimally invasive procedure for treating collapsed vertebrae and fractured bones. Interventional procedures are mostly performed in hospitals due to the presence of well-developed infrastructure facilities and skilled physicians. Bone cement and glue are injected through a needle into the damaged vertebra. The injected cement and glue solidify within a few minutes, providing support and relief for the individuals. It requires a short hospital stay for the individual, and the procedure can be performed easily and at significantly lower costs.
Currently, the two most common inpatient surgeries available for Medicare patients are total hip and knee replacements, which are lucrative and beneficial for hospitals. In the US, over 1.9 million osteoporosis-related fractures occur annually, of which about 431,000-433,000 cases are hospital admissions. These factors are expected to boost hospital segment growth, propelling the market in focus during the forecast period.
For more insights on the market share of various regions Download PDF Sample now!
North America is estimated to contribute 42% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market in focus is driven by the growing requirement for interventional procedures such as vertebroplasty and kyphoplasty. Also, the growing use of antibiotics or antimicrobial bone cement and glue will drive regional market growth during the forecast period. Countries such as the US and Canada have advanced infrastructure-based medical facilities, increasing manufacturing capabilities for developing advanced bone cement and glue. All these factors, along with the increased focus on the healthcare industry on improving patient safety and procedure efficiency, will boost the growth of the market in North America during the forecast period.
The severe outbreak of COVID-19 led the governments of the US, Canada, and Mexico to impose lockdowns in 2020. However, in 2021 the region witnessed a decline in the number of COVID-19 cases with the availability and administration of COVID-19 vaccines. With the decreasing number of COVID-19 cases and the resumption of clinical procedures, the market has grown since H1 2021. As a result, the operations of end-user industries such as healthcare are expected to be stabilized during the forecast period, which is expected to translate to the gradual growth of the regional bone cement and glue market during the forecast period.
The bone cement glue market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Technavio categorizes the global bone cement and glue market as a part of the global life sciences tools and services market. The parent, global life sciences tools and services market covers products and companies engaged in R&D of various product categories, including capital equipment, instruments, accessories, and consumables used for R&D on pharmaceuticals and biotechnology products and laboratory diagnosis of various diseases. Our market research report has extensively covered external factors influencing the parent market growth during the forecast period.
Bone Cement Glue Market Scope |
|
Report Coverage |
Details |
Page number |
152 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.54% |
Market growth 2023-2027 |
USD 493.86 million |
Market structure |
Concentrated |
YoY growth 2022-2023(%) |
5.32 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 42% |
Key countries |
US, Canada, Germany, UK, and Japan |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
3M Co., aap Implantate AG, Arthrex Inc., Cardinal Health Inc., Enovis Corp., Exactech Inc., Globus Medical Inc., Heraeus Holding GmbH, Johnson and Johnson Services Inc., Medtronic Plc, Orthofix Medical Inc., Smith and Nephew plc, Stryker Corp., Tecres Spa, Teknimed, and Zimmer Biomet Holdings Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.