The size of the worldwide orthopaedic bone cement and casting material market sales is expected to trend in the future. Growing orthopaedic research and development activities together with an increase in the use of these materials to treat orthopaedic injuries are expected to have a substantial impact on the global market for orthopaedic bone cement and casting materials in the coming years.
By 2023, the market for orthopaedic bone cement and casting materials is expected to be valued US$ 2,920.00 million. By 2033, the market is probably going to reach US$ 4,911.50 million. From 2023 to 2033, the market is anticipated to grow at a compound annual growth rate (CAGR) of 5.30%.
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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.
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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