Global Orthopedic Bone Cement Market is expected to reach USD
1.1 billion by 2025, according to a new report by Grand View Research, Inc.
Growing number of orthopedic surgeries is one of the key factors expected to
drive revenue growth in coming few years.
Orthopedic bone cement helps support and anchor artificial
joints and fractured bones. It works by filling the empty space between the
bone and an implant, which anchors the joint. This in turn provides stability
and elasticity to the joints. Bone cement was introduced in 1940s and has been
widely used by physicians since then. The increasing number of orthopedic
surgeries globally is expected to boost demand for the cement in near future.
As per Australian Society of Orthopedic Surgeons, the number of musculoskeletal
surgeries had increased by 18% between 2007 and 2011 and is expected to witness
continuous growth, which in turn is expected to create growth opportunity for
the manufacturers.
Ageing population is another important factor responsible
for increasing demand for bone cement. Old people are more susceptible to
fractures and associated injury and often require joint replacement surgery.
This cement provides a better alternative to screws and wires, which can create
discomfort to the patients. According to a United Nations report in 2015, the
population of people aged 60 years and above is projected to grow by 56% and is
expected to reach 1.4 billion by 2030. This in turn is expected to bolster the
patient pool for joint replacement surgeries and in turn propel revenue growth
for bone cement market over the forecast period.
Full Research Report on Global Orthopedic Bone Cement
Market Analysis:
http://www.grandviewresearch.com/industry-analysis/orthopedic-bone-cement-market
http://www.grandviewresearch.com/industry-analysis/orthopedic-bone-cement-market
Further Key Findings From the Report Suggest:
- The
global orthopedic bone cement market size was estimated at USD 692.8
million in 2016 and is expected to grow at a CAGR of 5.9% from 2017 to
2025
- Hospital
emerged as the largest end-use segment in 2015 and is estimated to
generate revenue over USD 501.2 million by 2025
- Ambulatory
surgical centers segment was USD 150.2 million in 2016 and is anticipated
to witness fastest growth over the next 9 years
- The
Asia Pacific region is projected to witness substantial growth over the
next decade owing to various developments across major economies in the
region. This regional market is expected to grow at a CAGR of 6.7% from
2017 to 2025
- Some
of the key players including Stryker Corporation; Zimmer Biomet; DePuy
Synthes; and Smith & Nephew, Inc. dominated the global market.
View more reports of
this category by Grand View Research at: http://www.grandviewresearch.com/industry/medical-devices
Grand View Research
has segmented the Global Orthopedic Bone Cement Market on the basis of end use
and region:
Orthopedic Bone Cement End-use Outlook (Revenue, USD
Million, 2014 - 2025)
- Hospitals
- Ambulatory
Surgical Centers (ASCs)
- Specialty
Clinics
Orthopedic Bone Cement Regional Outlook (Revenue, USD
Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia
Pacific
- China
- Japan
- Latin
America
- Brazil
- Mexico
- Middle
East & Africa
- South
Africa
View Press Release of this research report by Grand View
Research: http://www.grandviewresearch.com/press-release/global-orthopedic-bone-cement-market
About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
