Future trends in the global orthopaedic bone cement and casting materials industry are also anticipated. In the upcoming years, it is anticipated that there will be a significant impact on the global market for orthopaedic bone cement and casting materials due to growing research and development activities in the field of orthopaedics and an increase in the use of casting materials to treat orthopaedic injuries.
In a recent global market study, the analysts of Future Market Insights examined the various factors impacting revenue growth of the global orthopaedic bone cement and casting materials market. An increasing prevalence of orthopaedic disorders and patient preference towards quality treatment for a better lifestyle are primarily responsible for fuelling market demand for orthopaedic bone cement and casting materials. The global orthopaedic bone cement and casting materials market is expected to enjoy a valuation of US$ 2.7 Billion in 2022. Sales in the market are projected to expand at a CAGR of 6.3% over the forecast period (2022 to 2032). Demand in the market is expected to surge by 2.1x, surpassing a valuation of ~US$ 5.1 Billion by 2032.
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Future Market Insights analysis reveals the various factors that are likely to boost the growth in adoption of orthopaedic bone cement and casting materials. A growing number of people suffering from bone diseases such as osteoporosis, an increasing number of sports injuries and accidents leading to fractures of the bone, and the availability of advanced treatment options for severe back pain are some of the factors likely to drive the market towards high revenue growth in the coming decade.
Global Orthopaedic Bone Cement and Casting Materials Market: Regional Analysis & Forecast
Future Market Insights has tracked the performance of the global orthopaedic bone cement and casting materials market across the key geographies of North America, Latin America, Western Europe, Eastern Europe, Japan, APEJ, and MEA. Unsurprisingly, North America is the dominant regional market with estimated revenues in excess of US$ 1,400 Mn by the end of 2027, witnessing a CAGR of 5.1%. The APEJ orthopaedic bone cement and casting materials market is estimated to be valued at almost US$ 940 Mn by the end of 2027, recording an impressive CAGR of 9.7% – the highest among all the regional markets. The Western Europe regional market is slated to register a CAGR of 7.1% during 2017 – 2027.
Global Orthopaedic Bone Cement and Casting Materials Market: Segmental Forecasts
Forecast by Product Type:
The global orthopaedic bone cement and casting materials market is segmented on the basis of product type into Bone Cement and Casting Materials. The Bone Cement segment is expected to be the most lucrative product type segment with an attractiveness index of 1.1 and a CAGR of 6.9% in terms of value.
Forecast by Application:
The global orthopaedic bone cement and casting materials market is segmented on the basis of application into Joint Arthroplasty, Trauma Cases, Sports Injury, Spine Surgeries, and Others. Joint Arthroplasty is the most lucrative segment by application and also the largest, estimated to reach a market valuation of US$ 1,458.6 Mn by the end of 2027, registering a CAGR of 7.3%.
Forecast by End User:
The global orthopaedic bone cement and casting materials market is segmented on the basis of end user into Hospitals, Ambulatory Surgical Centres, and Orthopaedic Clinics. Hospitals is the largest end user segment, estimated to reach a market valuation of just under US$ 2000 Million and witness a growth rate of 7.0% between 2017 and 2027.
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Global Orthopaedic Bone Cement and Casting Materials Market: Competitive Landscape
- DJO Global, Inc.,
- Heraeus Holding,
- Zimmer Biomet,
- BeneCare Medical,
- BSN medical,
- Stryker,
- 3M Health Care Ltd.,
- DePuy Companies (Sub. Johnson & Johnson Services, Inc.),
- Smith & Nephew Plc,
- Exactech, Inc.,
- Medtronic, Inc.,
- Braun Melsungen AG,
- Cook Medical,
- SOMATEX® Medical Technologies GmbH,
- TEKNIMED,
- T-Tape Company B.V.,
- Lohmann & Rauscher GmbH & Co. KG,
- MIKA MEDICAL,
- Össur,
- Innovation Rehab LTD.
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