Global Bone Cement and Glue Market was valued at USD 1.40 Billion in 2019 and is expected to reach over USD 2.11 Billion by 2026, growing at a CAGR of around 6% during the forecast period from 2020 to 2026
According to the report, the global Bone Cement and Glue market was valued at USD 1.40 Billion in 2019 and is expected to reach over USD 2.11 Billion by 2026, growing at a CAGR of around 6% during the forecast period from 2020 to 2026.
The demand for Bone Cement and Glue Market is increasing significantly due rising population of elderly people across the major continents of the earth. Similarly, increasing reach of healthcare services to the never served areas will expose huge population to healthcare services which will increase the demand for Bone Cement and Glue Market.
Global Bone Cement and Glue Market: Overview
Bone glue and bone cement are the two major products which are used to repair the broken or fractured bones. At present, the bone cement division is churning highest demand in the market. This owes to increase in several cases of osteoporosis issues and rise in the number of arthroplasty cases all over the globe. On the other hand, in the coming future, the bone glue division is projected to see a rapid increase in popularity when compared to bone cement division owing to increase in several cases of orthopedic fractures and surgeries. Bone cement is also called as polymethyl methacrylate. It is utilized extensively in different orthopedic treatments and trauma surgery. In addition, bone glue is mainly utilized to substitute screws and small plates that hold back various bone fragments jointly in one place so that the fracture is healed completely.
Global Bone Cement and Glue Market: Growth Factors
Major factors that are propelling the global bone cement and glue market is the growing number of sports accidents, increase in aged population, and the rising number of trauma cases and road accidents. Apart from that, advancements in regenerative drugs are also optimistically influencing the global bone cement and glue market. On the other hand, lack of appropriate reimbursement schemes and high expenditure of bone cement and glue is likely to hold back the global market. Moreover, thorough clinical data is required for designing latest products, which can also act as a drawback for the global bone cement and glue market.
Global Bone Cement and Glue Market: Segmentation
In terms of type, the global bone cement, and glue market is fragmented into bone glue and bone cement. The bone cement division is projected to lead the global market. Major aspects fuelling the development of this division comprise an increasing number of arthroplasty procedures and increasing occurrence of osteoporosis around the world. In terms of application, the market is categorized into vertebroplasty, kyphoplasty, arthroplasty, and other applications. The arthroplasty division is projected to hold the highest market share of the global market. The highest market share of this division can be accredited to the increase and growth in the number of shoulders, hip, and knee injuries. In terms of the end user, the global market is fragmented into clinics/physician offices, ambulatory surgery centers, and hospitals. The hospital's division is projected to hold the highest market share of the global bone cement and glue market.
Global Bone Cement and Glue Market: Regional Analysis
North America is projected to lead the global bone cement and glue market. This is accredited to the aspects such as the growing incidence of sports accidents, increasing geriatric populace, and enhanced healthcare sector in the region. The global market is expected to be dominated by North America, which is likely to be followed by Europe. On the other hand, Asia Pacific is anticipated to develop at the highest rate in the coming future. The development of the market can be accredited to the improved healthcare sector, the influx of international players, increasing medical tourism, government initiatives to support sports and the increasing aged population in the Asia Pacific.
Global Bone Cement and Glue Market: Competitive Players
Some of the most important market players in the global bone cement and glue market are Stryker, Zimmer Biomet, Arthrex, DePuy Synthes, Smith and Gephew, DJO Global, Triumph, Exactech, CryoLife, Heraeus Medical, Cardinal Health, and Teknimed, among others.
Global Bone Cement and Glue Market: Regional Segment Analysis
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