Bone Cement Delivery Systems Market– Global Industry Analysis and Deeper Insights | FMI

What Factors are Propelling the Bone Cement Delivery Systems Demand?

According to the global bone cement delivery system market trends, it has been observed that across the world elderly population undergoes various orthopedic procedures or surgeries due to higher vulnerability to many orthopedic conditions and the constant rise in the geriatric population across the globe. This is the key factor that has boosted the demand for bone cement delivery systems.

The manufacturers have a constant urge to maintain their revenue share in this market, and this drives them to focus on a novel approach that, as a result, promotes the growth of the market.

Additionally, there are some other key market driving factors such as rising competition and regional growth, increasing trends and acceptance of innovative procedures. Facts such as bone cement delivery systems are very efficient to use and give firm control and target delivery of a precise amount of cement delivery, integrated safety mechanisms, and negligible risk of injuries to the patient are some of the key reasons which have boosted the demand for bone cement delivery systems.

With all the market driving factors, there also comes some factors that hamper the growth of the market. Factors such as various risks linked to the bone cement delivery systems, lack of awareness of the same, and lack of affordability in the middle-income and poor countries as anticipated to hinder the bone cement delivery systems’ market growth during the forecast years.

The restricting factors like higher costs associated with bone cement and the presence of counterfeit products will hinder the growth of the market. The bone cement delivery systems have found their application in several surgical procedures like hip arthroplasty, kyphoplasty, knee arthroplasty, and vertebroplasty, and this will further strengthen the demand for bone cement delivery systems market.

In 2020, the arthroplasty segment was responsible for the biggest bone cement market share. Arthroplasty is done when several other medical treatments fail in pain-relieving and are unable to restore joint function. Therefore, in recent years this procedure has gained popularity and is, as a result bolstering the market’s growth.

In the cement type segment, polymethyl methacrylate cement is responsible for a significant market share, and the calcium phosphate cement segment is anticipated to garner maximum CAGR during the forecast period.

Polymethyl methacrylate is a plastic having extraordinary mechanical properties and very minimum toxicity. This cement is widely known to be used in hip replacements owing to its inert properties. However, they do degrade slowly. This rise in demand for polymethyl methacrylate is boosting market growth. Of the end-user segment, in 2020, the hospital segment dominated and is also known to lead the segment’s market during the forecast period. This is due to the increasing prevalence of osteoporosis.

Which Region accounts for the Significant Share in Bone Cement Delivery Systems Market?

Based on geography, the global bone cement delivery systems market is segmented into several key regions, viz. North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa.

Region-wise, it has been predicted that North America could be responsible for holding the majority market share of the global bone cement delivery systems market. Factors like rising incidences of accidents that result in bone ruptures and fractures have contributed to the demand of this market in this region. Centres for Disease Control and Prevention report released data which stated that approximately 4 million people visit the emergency section of hospitals due to fractures. But osteoporotic fractures are not very cost-efficient, and, therefore, it has given growth opportunities in this market.

Following this region, Europe is predicted to garner a higher market share due to a greater number of manufacturers’ presence and novel product launches of bone cement delivery systems for several surgeries.

In the Asia Pacific region, countries like India, China, Korea, and Japan are said to experience an increased adoption rate and increase in healthcare expenditure; this will propel the growth of the bone cement delivery system market in the Asia Pacific. The International Osteoporosis Foundation in 2017 recorded 8.9 million fractures. Furthermore, there is more acceptance for general, prosthetic fixation and an increasing number of knee surgeries, and this has facilitated the growth of this market further.