PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1324797
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1324797
The global Bone Cement & Glue Market is projected to reach USD 2,248 million by 2028 from USD 1,644 million in 2023, at a CAGR of 6.5% during the forecast period. The growth of this market is majorly driven by Increasing number of bone fractures and surgeries and Strategic Collaborations and Partnerships. However, Challenges associated with cost and affordability may threat the growth of this market.
"Total knee arthroplasty in the type of segment to witness the highest growth during the forecast period."
Based on the Type, the arthroplasty market is segmented into Total knee arthroplasty, Total hip arthroplasty
Total shoulder arthroplasty. Total knee arthroplasty is projected to grow at the highest CAGR during the forecast period. The significant factors contributing to the growth of this market is The increasing prevalence of knee osteoarthritis and the aging population have contributed to a growing number of TKA procedures worldwide which drives the bone glue and cement market.
"Europe is estimated to register the third highest CAGR during the forecast period."
In this report, the Bone cement & glue market is segmented into four major regional segments: North America, Europe, Asia Pacific, Rest of the world. The market in Europe is projected to register the third highest growth rate during the forecast period. The growth in this market is primarily driven by the presence of significant aging population, with a higher proportion of individuals aged 65 and above. The aging demographic is more prone to orthopedic conditions, such as osteoarthritis and fractures, which often require surgical interventions using bone cement and glue, High Prevalence of Orthopedic Conditions, Growing Number of Orthopedic Surgeries, and Technological Advancements in healthcare sectors.
List of Companies Profiled in the Report
This report studies the Bone cement & glue market based on product and region. The report also analyzes factors (such as drivers, opportunities, and challenges, restraints) affecting the market growth. It evaluates the opportunities and challenges in the market for stakeholders and provides details of the competitive landscape for market leaders. The report also studies micromarkets with respect to their growth trends, prospects, and contributions to the total Bone cement & glue market. The report forecasts the revenue of the market segments with respect to five major regions.