The global Orthopedic Bone Cement Market size 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.
Browse Details of Report @
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.
About Grand View Research
Grand
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.
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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