About Bone Cement and Glue
Bone cement is used to anchor the artificial joints. Generally, polymethylmethacrylate (PMMA) is widely used as bone cement. Bone cement fills the space between the prosthesis and the bone. Because of its ease of use in clinical practice and the confirmed long survival record of cemented-in prostheses, bone cement is regarded as a safe anchorage material. Bone glue is the glue that sticks to bone and other wet surfaces. It is used in surgeries and it is a relatively new innovation as compared to bone cement. It is used to repair simple and comminuted fractures. Due to the use of bone cement and glue, orthopaedic surgeries have become a common and long-lasting solution for patients.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.42% |
Competition among existing players is due to the Bone Cement and Glue market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Bone Cement and Glue Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Stryker (United States), Zimmer Biomet (United States), Smith & Nephew (United Kingdom), Teknimed SA (France), DJO Global (United States), DePuy Synthes (United States), Arthrex (United States), Exactech (United States), Heraeus Medical (Germany) and BM Korea (South Korea) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Medical Device Business Service, Inc (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Bone Cement and Glue market by , Application (Vertebroplasty, Kyphoplasty, Arthroplasty and Other) and Region.
On the basis of Type, Hospitals are dominating the market in the year 2023On the basis of geography, the market of Bone Cement and Glue has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Bone Cement, the sub-segment i.e. Low Viscosity Cements will boost the Bone Cement and Glue market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Direct will boost the Bone Cement and Glue market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospitals will boost the Bone Cement and Glue market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Research on New Materials as Bone Cement And Glue
Market Growth Drivers:
Sports-Related Accidents That End Up in Bone Fracture and Growing World Population That Needs Orthopaedic Surgeries
Challenges:
Lack of Necessary Medical Infrastructure in Many Countries Will Affect the Demand Of Bone Cement And Glue and Surgery Involving Bone Cement and Glue May Have Adverse Reactions Like Transitory Fall in Blood Pressure
Restraints:
Growing Cementless Alternatives Will Affect the Demand of Bone Cement And Glue
Opportunities:
Increasing Spending on Healthcare Spending Will Boost the Demand of Bone Cement And Glue and Increasing Research on Different Applications of Bone Cement And Glue Will Increase Its Demand
Market Leaders and their expansionary development strategies
In January 2021, Stryker, a market leader in the manufacture of bone cement announced the acquisition of OrthoSensor, Inc., a privately held company headquartered in Dania Beach, FL. OrthoSensor, Inc., is a leader in the digital evolution of musculoskeletal care and sensor technology for total joint replacement.
In 2021, The company Smith & Nephew (UK) acquired the Extremity Orthopedics business of Integra LifeSciences to expand its shoulder, upper, and lower extremities product portfolio.
According to FDA, “The outside box label should clearly identify the storage conditions for the bone cement and, if necessary, the equilibration time (i.e., the time to reach optimal temperature) of the bone cement.”
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Bone Cement And Glue Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.