Global Orthopedic Bone Cement Casting Material Market Overview
The Orthopedic Bone Cement Casting Material Market Size was estimated at 2.82 (USD Billion) in 2022. The Orthopedic Bone Cement Casting Material Industry is expected to grow from 2.9(USD Billion) in 2023 to 3.7 (USD Billion) by 2032. The Orthopedic Bone Cement Casting Material Market CAGR (growth rate) is expected to be around 2.75% during the forecast period (2024 - 2032).
Key Orthopedic Bone Cement Casting Material Market Trends Highlighted
The Orthopedic Bone Cement Casting Material Market is driven by the rising incidence of musculoskeletal disorders, coupled with increasing orthopedic surgeries and technological advancements in bone cement and casting materials. The growing geriatric population prone to bone fractures and osteoporosis is further driving the market demand.
Key opportunities lie in the development of biodegradable and biocompatible bone types of cement, as well as in the exploration of novel casting materials for improved patient outcomes. Recent trends include the adoption of minimally invasive surgical techniques, which require specialized bone cement, and the use of 3D printing technology for customized casting and bone defect repair.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Orthopedic Bone Cement Casting Material Market Drivers
Increasing Prevalence of Orthopedic Conditions
The rising incidence of orthopedic conditions, particularly among the elderly population, is a major driver of the orthopedic bone cement casting material market. As per the World Health Organization (WHO), musculoskeletal conditions affect over 1.71 billion people worldwide, with osteoarthritis and osteoporosis being the most common. Aging populations in developed economies, coupled with increasing life expectancies, are expected to further contribute to the prevalence of orthopedic conditions, thus boosting the demand for orthopedic bone cement and casting materials for surgical procedures and post-operative support.
Technological Advancements in Orthopedic Procedures
Advancements in orthopedic surgical techniques and the development of innovative bone cement and casting materials are propelling the growth of the orthopedic bone cement casting material market. Minimally invasive surgical procedures, such as arthroscopy and robotic-assisted surgery, are gaining popularity due to their reduced invasiveness, faster recovery times, and improved patient outcomes. These procedures often require specialized bone cement and casting materials designed to provide optimal support and stability during and after surgery.
Additionally, the introduction of bioresorbable and injectable bone types of cement has expanded the range of treatment options for complex orthopedic conditions, further driving market growth.
Growing Demand for Sports Medicine and Trauma Care
The increasing participation in sports and recreational activities, coupled with a rise in trauma cases, has fueled the demand for orthopedic bone cement and casting materials in the sports medicine and trauma care segments. Sports-related injuries often involve fractures, dislocations, and ligament tears, which require surgical intervention and the use of bone cement and casting materials for stabilization and support. Similarly, trauma cases resulting from accidents or falls may necessitate orthopedic procedures that utilize bone cement and casting materials to repair and immobilize damaged bones and joints.
Orthopedic Bone Cement Casting Material Market Segment Insights
Orthopedic Bone Cement Casting Material Market Material Type Insights
The Orthopedic Bone Cement Casting Material Market is segmented by Material Type into Polymethyl Methacrylate (PMMA), Calcium Phosphate, and Other Bioresorbable Materials. Polymethyl Methacrylate (PMMA) is the most widely used material type in the Orthopedic Bone Cement Casting Material Market owing to its excellent biocompatibility, ease of handling, and low cost. PMMA is a synthetic polymer that has been used in orthopedic applications for over 50 years. It is available in both injectable and preformed shapes and can be used for a variety of procedures, including joint replacement, fracture repair, and spinal fusion.
Calcium Phosphate is a naturally occurring mineral that is found in bone and teeth. It is a biocompatible material that promotes bone growth and is often used in orthopedic applications where bone regeneration is desired. Calcium phosphate is available in a variety of forms, including hydroxyapatite, tricalcium phosphate, and brushite. Other Bioresorbable Materials include materials such as polylactic acid (PLA), polyglycolic acid (PGA), and polycaprolactone (PCL). These materials are biodegradable, meaning that they are broken down by the body over time.
The growth of the market is being driven by the increasing incidence of orthopedic injuries and diseases, the rising demand for minimally invasive surgical procedures, and the development of new and innovative materials.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Orthopedic Bone Cement Casting Material Market Application Insights
The Orthopedic Bone Cement Casting Material Market is segmented into various applications, including Trauma Surgery, Joint Replacement, Spinal Surgery, and Other Orthopaedic Procedures. Each segment represents a distinct area of orthopedic care with unique market dynamics and growth opportunities. Trauma Surgery is a major application of Orthopedic Bone Cement Casting Material, accounting for a significant share of the overall market revenue. The demand for bone cement and casting materials in trauma surgery stems from the need to stabilize fractures, repair damaged bones, and support injured joints.
Joint Replacement is another key application driven by the rising prevalence of osteoarthritis and other joint-related conditions. Orthopedic Bone Cement Casting Materials are extensively used in joint replacement surgeries to secure artificial joints and provide stability to the replaced joint. Spinal Surgery also contributes to the growth of the Orthopedic Bone Cement Casting Material Market. These materials are used to stabilize the spine, fuse vertebrae, and correct spinal deformities. The increasing number of spinal surgeries due to aging populations and lifestyle factors is expected to fuel demand in this segment.
Other Orthopaedic Procedures encompass a wide range of applications, including foot and ankle surgery, hand surgery, and sports medicine. The demand for bone cement and casting materials in these procedures is driven by the growing focus on minimally invasive techniques and the increasing incidence of sports-related injuries. Overall, the Orthopedic Bone Cement Casting Material Market is poised for steady growth in the coming years, driven by the rising prevalence of orthopedic conditions, advancements in surgical techniques, and the increasing adoption of bone cement and casting materials in various orthopedic procedures.
Orthopedic Bone Cement Casting Material Market Product Form Insights
The Orthopedic Bone Cement Casting Material Market segmentation by product form includes Injectable, Pre-packaged, and Injectable Bone Substitutes. Product form is chosen based on the application of bone cement casting material in different orthopedic and trauma surgeries. The injectable Bone Substitutes segment is expected to hold a significant market share due to its increasing use in surgeries such as vertebroplasty and kyphoplasty, which are minimally invasive procedures used to treat vertebral compression fractures. The pre-packaged segment is anticipated to witness substantial growth owing to its wide adoption in hip and knee replacement surgeries.
The injectable segment is projected to exhibit a steady growth rate as it offers advantages such as ease of application and reduced risk of infection.
Orthopedic Bone Cement Casting Material Market End-Use Sector Insights
The end-use sector segmentation of the Orthopedic Bone Cement Casting Material Market plays a crucial role in understanding the market dynamics and identifying growth opportunities. Hospitals and clinics dominate the market, accounting for approximately 65% of the revenue in 2023. The increasing number of orthopedic surgeries, coupled with the aging population and rising prevalence of bone-related disorders, drives demand in this segment. Ambulatory surgical centers (ASCs) hold a significant share of around 20%, as they offer convenience, cost-effectiveness, and shorter recovery times for patients undergoing outpatient orthopedic procedures.
Other healthcare settings, including rehabilitation centers, nursing homes, and private clinics, contribute to the remaining market share. These facilities cater to patients requiring long-term care, post-operative rehabilitation, and specialized orthopedic treatments. The market is expected to grow steadily in the coming years, driven by advancements in orthopedic techniques, increasing healthcare expenditure, and the growing geriatric population.
Orthopedic Bone Cement Casting Material Market Regional Insights
North America and Europe are the dominant regions in the Orthopedic Bone Cement Casting Material Market, collectively accounting for over two-thirds of the market revenue in 2023. The growth in these regions is primarily driven by the increasing prevalence of orthopedic surgeries, rising awareness of bone grafting procedures, and the growing geriatric population. The APAC region is expected to witness significant growth over the forecast period due to rising disposable income, improving healthcare infrastructure, and increasing demand for orthopedic procedures.
South America and MEA are expected to contribute modest growth to the Orthopedic Bone Cement Casting Material Market due to the presence of underdeveloped healthcare systems and lower disposable income in some countries.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Orthopedic Bone Cement Casting Material Market Key Players And Competitive Insights:
Major players in the Orthopedic Bone Cement Casting Material Market industry are constantly striving to gain a competitive edge by investing in research and development, expanding their product portfolios, and acquiring smaller players. Leading Orthopedic Bone Cement Casting Material Market players are focusing on developing innovative products that meet the evolving needs of patients and healthcare providers. Orthopedic Bone Cement Casting Material Market development is driven by factors such as the rising incidence of bone-related injuries and disorders, increasing demand for minimally invasive surgical procedures, and technological advancements. The Orthopedic Bone Cement Casting Material Market Competitive Landscape is expected to remain highly competitive in the coming years, with key players focusing on strategic partnerships, mergers, and acquisitions to consolidate their market positions.
Zimmer Biomet Holdings, Inc. is a leading player in the Orthopedic Bone Cement Casting Material Market industry. The company offers a wide range of orthopedic products, including bone cement and casting materials. Zimmer Biomet Holdings, Inc. has a strong presence and a well-established distribution network. The company is focused on developing innovative products and expanding its market reach.
Stryker Corporation is another major player in the Orthopedic Bone Cement Casting Material Market. The company offers a comprehensive portfolio of orthopedic products, including bone cement and casting materials. Stryker Corporation has a strong presence in the United States and Europe. The company is focused on expanding its presence in emerging markets.
Key Companies in the Orthopedic Bone Cement Casting Material Market Include:
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DePuy Synthes
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Wright Medical
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eMPe Scientific
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Smith Nephew
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Medtronic
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OSTEONICA
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CeraMed
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REVARY
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Stryker
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BD
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Biomet
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Heraeus
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TRUMATCH
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Osteopore
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Zimmer Biomet
Orthopedic Bone Cement Casting Material Market Industry Developments
The Orthopedic Bone Cement Casting Material Market is projected to reach USD 3.7 billion by 2032, exhibiting a CAGR of 2.75% during the forecast period 2024-2032. The increasing prevalence of orthopedic disorders, rising geriatric population, and technological advancements in bone cement and casting materials are driving market growth. Key players include Stryker, Johnson Johnson, and Zimmer Biomet. Recent news developments include the launch of new products such as Stryker's Triathlon Total Ankle System and the acquisition of Orthofix by Smith Nephew.
Orthopedic Bone Cement Casting Material Market Segmentation Insights
Orthopedic Bone Cement Casting Material Market Material Type Outlook
Orthopedic Bone Cement Casting Material Market Application Outlook
Orthopedic Bone Cement Casting Material Market Product Form Outlook
Orthopedic Bone Cement Casting Material Market End-Use Sector Outlook
Orthopedic Bone Cement Casting Material Market Regional Outlook
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North America
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Europe
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South America
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Asia Pacific
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Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
2.82(USD Billion) |
| Market Size 2023 |
2.9(USD Billion) |
| Market Size 2032 |
3.7(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
2.75% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
DePuy Synthes, Wright Medical, eMPe Scientific, Smith Nephew, Medtronic, OSTEONICA, CeraMed, REVARY, Stryker, BD, Biomet, Heraeus, TRUMATCH, Osteopore, Zimmer Biomet |
| Segments Covered |
Material Type, Application, Product Form, End-Use Sector, Regional |
| Key Market Opportunities |
Technological AdvancementsGrowing Trauma CasesRising Osteoporosis IncidenceSports InjuriesIncreasing Geriatric Population |
| Key Market Dynamics |
The aging population increasing trauma incidents, technological advancements, rising demand for minimally invasive procedures, growing awareness of orthopedic conditions |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Global Orthopedic Bone Cement Casting Material Market is expected to reach USD 2.9 billion in 2023.
The Global Orthopedic Bone Cement Casting Material Market is expected to grow at a CAGR of 2.75% from 2024 to 2032.
North America is expected to hold the largest market share in the Global Orthopedic Bone Cement Casting Material Market in 2023.
Trauma is expected to hold the largest market share in the Global Orthopedic Bone Cement Casting Material Market in 2023.
Some of the key competitors in the Global Orthopedic Bone Cement Casting Material Market include DePuy Synthes, Stryker, Zimmer Biomet, and Exactech.
The increasing prevalence of orthopedic conditions, the growing number of surgical procedures, and the rising demand for minimally invasive surgeries are some of the key factors driving the growth of the Global Orthopedic Bone Cement Casting Material Market.
The high cost of orthopedic procedures, the risk of complications, and the availability of alternative treatment options are some of the key challenges faced by the Global Orthopedic Bone Cement Casting Material Market.
The development of new and innovative products, the expansion into emerging markets, and the growing awareness of orthopedic conditions are some of the key opportunities for the Global Orthopedic Bone Cement Casting Material Market.
The use of biodegradable materials, the development of 3D printing technology, and the growing focus on patient-specific implants are some of the key trends in the Global Orthopedic Bone Cement Casting Material Market.
The Global Orthopedic Bone Cement Casting Material Market is expected to reach USD 3.7 billion in 2032.
