In 2022, the global Orthopaedic Bone Cement and Casting Materials Market is anticipated to be worth US$ 2.7 billion. Over the projection period, market sales are expected to grow at a CAGR of 6.3%. (2022 to 2032). Demand in the market is predicted to increase by 2.1x by 2032, achieving a worth of US$ 5.1 billion.
In terms of application, the joint arthroplasty segment dominated the orthopedic bone cement and casting materials market in 2021, accounting for around 37.0% of the market. The increasing demand for bone cement and casting materials in treatment and to promote a healthier lifestyle is likely to be the primary factor driving market expansion.
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.
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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.
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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 Mn and witness a growth rate of 7.0% between 2017 and 2027.
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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Key Segments Covered in Orthopaedic Bone Cement and Casting Materials Industry Research
By Product:
- Bone Cement
- Casting Materials
- Plaster
- Fiberglass
- Others
By Application:
- Joint Arthroplasty
- Trauma Cases
- Sports Injury
- Spine Surgeries
- Others
By End User:
- Hospitals
- Ambulatory Surgical Centers
- Orthopedic Clinics
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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