| REPORT ATTRIBUTE |
DETAILS |
| Historical Period |
2019-2022 |
| Base Year |
2023 |
| Forecast Period |
2024-2032 |
| Bone Cement and Glue Market Size 2023 |
USD 2,196.87 million |
| Bone Cement and Glue Market, CAGR |
5.28% |
| Bone Cement and Glue Market Size 2032 |
USD 4,142.32 million |
Market Overview:
The Bone Cement and Glue market is projected to grow from USD 2,196.87 million in 2024 to an estimated value of USD 4,142.32 million by 2032, at a Compound Annual Growth Rate (CAGR) of 5.28%.
This growth trajectory is influenced by several key factors. Firstly, the aging population globally, especially the increase in individuals over 65 years old, drives the demand for orthopedic procedures like joint replacements and fracture repairs, where bone cement and glue are essential components. Secondly, the rising incidence of road traffic accidents and sports injuries worldwide necessitates the use of these materials in surgeries for bone fixation and repair, further fueling market growth.
Additionally, the adoption of minimally invasive surgical techniques in orthopedic procedures is contributing to market expansion. These techniques require specialized bone cements and glues that provide strong bonding properties while minimizing surgical trauma and promoting faster recovery times. Moreover, continuous technological advancements in bone cement and glue technology, such as the development of biocompatible materials and antibiotic-loaded cements, enhance product efficacy and drive demand. As healthcare expenditure increases globally, particularly in developing economies, patients gain greater access to orthopedic surgeries, boosting the demand for bone cement and glue.
Emerging trends in the market include a focus on biocompatibility and reduced surgical site infections, the development of bone substitutes for enhanced bone repair, and the increasing adoption of robotic-assisted surgery for orthopedic procedures. Moreover, regional market expansion in emerging economies like China and India presents significant growth opportunities due to their aging populations, rising disposable income, and increasing healthcare infrastructure development. Manufacturers have the opportunity to capitalize on these trends by developing innovative bone cement and glue formulations and targeting healthcare providers in emerging markets with cost-effective solutions. Raising awareness among healthcare professionals and patients about advancements in bone cement and glue technology can further drive market growth and improve patient outcomes.
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Market Drivers:
Rising Incidence of Age-Related Musculoskeletal Disorders:
The global population is aging at an unprecedented rate. This demographic shift translates to a higher prevalence of age-related musculoskeletal disorders, including osteoporosis, osteoarthritis, and bone fractures. For instance, according to the World Health Organization, approximately 1.71 billion people worldwide have musculoskeletal conditions. These conditions often necessitate surgical interventions, such as joint replacements and fracture repairs, where bone cement and glue play a crucial role in securing implants and promoting bone healing.
Increasing Demand for Joint Replacement Procedures:
Joint replacement surgeries, particularly knee and hip replacements, are becoming increasingly common. This trend is driven by advancements in surgical techniques, improved implant materials, and a growing elderly population seeking to maintain an active lifestyle. For instance, in 2010, the prevalence of total hip and knee replacement in the U.S. population was 0.83% and 1.52%, respectively. These estimates corresponded to 2.5 million individuals with total hip replacement and 4.7 million individuals with total knee replacement. Bone cement serves as a vital component in these procedures, providing a strong and durable bond between the implant and the surrounding bone.
Growing Popularity of Minimally Invasive Surgical Techniques:
The healthcare sector is witnessing a growing emphasis on minimally invasive surgical (MIS) techniques. These procedures offer numerous advantages, including faster recovery times, reduced pain, and less tissue damage. For instance, a study found that the total average residency case volumes for minimally invasive surgeries (MIS) have increased from 270 to 368 (36%) over a 16-year period. From 2003 to 2018, MIS representation increased in all studied procedures. Bone glue, often formulated for biocompatibility and faster curing times, is increasingly finding application in MIS procedures for fracture fixation and other orthopedic applications.
Technological Advancements and Innovation:
Manufacturers in the bone cement and glue market are continuously innovating to develop new and improved products. This includes advancements in material science leading to the development of stronger, faster-curing bone cements with enhanced biocompatibility. Additionally, research on antibiotic-loaded bone cement is ongoing, aiming to reduce the risk of post-surgical infections, a significant concern in orthopedic procedures. For instance, the adoption of 3D printing technology is likely to revolutionize the production process, enabling personalized and patient-specific implants and prosthetics.
Focus on Improved Patient Outcomes:
The healthcare industry is placing a greater emphasis on improving patient outcomes. This translates to a demand for bone cement and glue products that offer superior performance characteristics, such as faster curing times, improved bone-implant interface strength, and reduced risk of complications. Additionally, the development of bone cements with osteoconductive properties that promote bone growth holds significant promise for promoting long-term patient outcomes. For instance, a study found an association between higher hospital volumes and lower rates of mortality and hip dislocation. It also found an association between higher surgeon volume and lower rates of hip dislocation. This suggests that experience and volume can play a role in improving patient outcomes.
Market Trends:
Aging Population:
The global population is aging rapidly. For instance, by 2030, 1 in 6 people in the world will be aged 60 years or over. The share of the population aged 60 years and over will increase from 1 billion in 2020 to 1.4 billion. This rise in the aging population leads to an increase in orthopedic surgeries like joint replacements and fracture repairs, fueling the demand for bone cement and glue.
Advancements in Bone Cement Technology:
Manufacturers are constantly innovating to improve bone cement formulations. For instance, developments include the creation of faster-curing cements, antibiotic-loaded varieties to combat infection, and biocompatible materials that enhance integration with bone tissue. The popularization of nanotechnology has led to materials with a more biomimetic structure through the incorporation of biopolymeric and biodegradable matrix structure with bioactive or easily resorbable nanofillers.
Minimally Invasive Procedures:
The growing adoption of minimally invasive surgical techniques for orthopedic procedures is influencing the bone cement and glue market. For instance, in 2017, 11.1% of inpatient major operating room procedures were minimally invasive, and this rate increased to 11.2% in 2018. These procedures require specialized bone cements that offer faster curing times and improved handling properties for surgeons.
Focus on Sustainability:
Environmental concerns are prompting a shift towards the use of biocompatible and eco-friendly materials in bone cement and glue production. For instance, this trend encourages manufacturers to develop sustainable alternatives to traditional materials currently used.
Emerging Markets: The bone cement and glue market is witnessing significant growth potential in emerging economies like China and India. For instance, in 2022, India accounted for the highest growth rate of the Asian bone cement & glue market. The rising disposable income, increasing awareness of advanced surgical techniques, and an expanding aging population in these regions contribute to this growth.
Market Restraints and Challenges:
High Costs and Extensive Regulatory Requirements:
The development and launch of new bone cement and glue products are often hampered by high initial investment costs associated with research, development, and clinical trials. These trials are crucial for obtaining regulatory approvals, which can be a lengthy and rigorous process. Stringent regulatory requirements ensure patient safety but can also delay market entry for innovative products, impacting overall market growth.
Concerns Regarding Long-Term Durability and Biocompatibility:
While bone cement and glues play a vital role in various orthopedic procedures, concerns persist regarding their long-term durability and biocompatibility. Some bone cements may experience wear and loosening over time, potentially necessitating revision surgeries. Additionally, some individuals may experience adverse reactions to certain materials used in these products. Manufacturers are constantly striving to improve the biocompatibility and longevity of their offerings, but these concerns remain a significant hurdle for wider adoption.
Competition from Alternative Surgical Techniques:
The advancement of minimally invasive surgical techniques, such as arthroscopy and robotics, poses a challenge to the bone cement and glue market. These techniques often require smaller incisions and potentially less reliance on implant fixation materials. While bone cement and glue remain essential for many orthopedic procedures, the increasing adoption of minimally invasive approaches could limit their usage in specific applications.
Reimbursement Challenges and Price Sensitivity:
Reimbursement policies from healthcare institutions and insurance providers can significantly impact the affordability and accessibility of bone cement and glue procedures. Hospitals and clinics may face pressure to choose cost-effective products, potentially limiting the adoption of newer, premium bone cements and glues with potentially superior performance. Additionally, patients with high out-of-pocket costs may be more hesitant to undergo procedures that utilize these materials.
Limited Awareness and Need for Education:
In some regions, particularly emerging markets, there may be a lack of awareness among both healthcare professionals and patients regarding the benefits of bone cement and glue in specific orthopedic procedures. Educational initiatives aimed at surgeons and healthcare providers can promote proper utilization of these materials, while informing patients about the potential advantages of these procedures for specific injuries or conditions. By addressing this knowledge gap, market growth can be stimulated.
Recent Developments:
- In August 06, 2024, the market is poised for substantial growth, supported by demographic trends, technological advancements, and an increasing focus on improving patient outcomes in orthopedic care.
- In July 2022, GRAFTYS SA, a recognized specialist in resorbable bone cement for orthopedic surgery, completed an investment round of 2.0 Million Euro with its existing shareholders to accelerate the commercial development and new product launches.
- In May 2022, KPower Bhd’s, a subsidiary of Granulab (M) Sdn Bhd, launched Malaysia’s first halal-certified synthetic bone cement, Prosteomax. Prosteomax is an innovative synthetic calcium phosphate bone cement that has been certified as halal by the Islamic Development Department of Malaysia (Jakim) and registered with the Malaysian Medical Device Authority for orthopedic, Cranio, dental, and maxillofacial applications.
Segmentation Analysis:
By Type:
- Bone Cement: This segment holds the dominant market share due to its extensive use in orthopedic surgeries like joint replacements, spinal fusions, and fracture repair. Advancements in bone cement formulations, such as those with faster curing times and improved biocompatibility, are propelling this segment’s growth.
- Bone Glue: This segment is expected to witness significant growth due to its increasing application in minimally invasive surgeries and its ability to target specific areas of repair. The growing demand for minimally invasive procedures to minimize patient recovery time is a key driver for this segment.
By Application:
segment, key procedures include arthroplasty, kyphoplasty, and vertebroplasty, which are essential for treating conditions associated with aging and trauma.
By End User:
segment primarily consists of hospitals, clinics, and ambulatory surgery centers, with hospitals leading the market due to the high volume of orthopedic procedures performed. The increasing geriatric population and the rising incidence of orthopedic surgeries are significant factors driving demand across these segments.
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Segments:
By Type:
- Bone Cement
- Polymethyl Methacrylate (PMMA) Cement
- Calcium Phosphate Cement (CPC)
- Glass Polyalkenoate Cement (GPC)
- Antibiotic-loaded Bone Cement
- Non-antibiotic-loaded Bone Cement
- Bone Glue
- Natural Bone Glue
- Synthetic Bone Glue
By Application:
- Arthroplasty
- Kyphoplasty
- Vertebroplasty
By End User:
- Hospitals
- Clinics
- Ambulatory Surgery Centers
By Region
- North America
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
Key player:
- Exactech, Inc.
- Teknimed
- Arthrex, Inc.
- CryoLife, Inc.
- Stryker Corporation
- DJO Global, Inc.
- Heraeus Medical LLC
- Cardinal Health, Inc.
- Smith & Nephew PLC
- DePuy Synthes
- Trimph Pty Ltd
- Zimmer Biomet Holdings, Inc.
Regional Analysis:
North America
North America holds the largest market share, accounting for approximately 40% of the global market. This dominance is attributed to advanced healthcare facilities, high rates of orthopedic procedures, and a growing geriatric population. The United States is the primary contributor, with increasing incidences of sports injuries and road accidents further propelling demand for bone cement and glue.
Europe
Europe follows, representing around 30% of the market share. Countries like Germany, the UK, and France are at the forefront, benefiting from a robust healthcare system and rising awareness of orthopedic treatments. The aging population in these countries, coupled with the increasing adoption of minimally invasive surgical techniques, is expected to drive market growth in this region.
Asia-Pacific
In the Asia-Pacific region, the market is rapidly expanding and is projected to capture approximately 25% of the global share by 2029. Countries such as China and India are experiencing a surge in orthopedic surgeries due to rising disposable incomes, improved healthcare access, and a growing elderly demographic. The increasing prevalence of osteoporosis and other bone-related disorders in this region is also a significant growth driver.
Latin America and the Middle East & Africa
Latin America and the Middle East & Africa collectively account for the remaining 5% of the market. In Latin America, Brazil and Argentina are the key markets, driven by improving healthcare infrastructure and rising awareness of orthopedic treatments. The Middle East & Africa is witnessing gradual growth, with countries like South Africa and the UAE focusing on enhancing their healthcare facilities and services. This growth reflects the increasing demand for orthopedic procedures and advancements in medical technologies across all regions.
Future Outlook:
- The growing global population over the age of 65 will lead to a higher incidence of bone fractures and require more orthopedic surgeries.
- Continuous advancements in bone cement formulas and glue compositions will enhance their performance, biocompatibility, and overall effectiveness, fostering wider adoption.
- The increasing popularity of minimally invasive surgical techniques will drive the demand for bone cements and glues specifically designed for these procedures.
- The growing emphasis on faster patient recovery times will lead to a rise in the use of fast-curing bone cements, contributing to market growth.
- Expansion into new markets with growing healthcare infrastructure and rising disposable income in developing economies presents significant opportunities for market expansion.
- The rising participation in sports and recreational activities is expected to lead to an increase in sports-related injuries, further fueling the demand for bone repair solutions.
- Advancements in personalized medicine could lead to the development of customized bone cements tailored to individual patient needs, creating a new niche market segment.
- The development of bone cement and glue with built-in antimicrobial properties to combat post-surgical infections is expected to gain traction, enhancing patient safety.
- The growing focus on sustainability will encourage the use of biocompatible and eco-friendly materials in bone cement and glue production.
- Stringent regulatory requirements regarding product safety and efficacy will prompt manufacturers to invest in research and development.
