Europe Bone Cement Market
Osteoporosis is characterized by low bone density and deterioration of bone tissue. Osteoporosis increases the risk of fractures. In recent years, there have been growing cases of osteoporosis. For instance, according to an article published by Restore Program in October 2020, each year, osteoporosis causes more than 8.9 million fractures, which corresponds to one every three seconds, with one in three women and one in five men over 50 suffering from an osteoporotic fracture. Similarly, between 2019 and 2034, the population aged 50 and up is expected to grow by 11.4%. Population aged 75 and above increase significantly, with 29.6% in women and 42.6% in men. Moreover, in the 29 countries of Europe (European Union + Switzerland & UK), the number of new fragility fractures was expected to reach 4.3 million in 2019, with 826,708 hip fractures (19%), 636,705 forearm fractures (15%), 662,544 vertebral fractures (16%), and 2,149,591 other fractures (50%). Hip fractures accounted for 43% of fracture-related mortality in women, whereas clinical vertebral fractures accounted for 53%, and other fractures accounted for 3% in 2019. The comparable proportions in men were 34%, 65%, and 1%, respectively. Furthermore, based on fracture counts determined from age- and sex-specific incidence and population size in 5-year age intervals, the annual number of osteoporotic fractures in the 29 countries of Europe (European Union + Switzerland & UK), is predicted to increase by 1.06 million, from 4.28 million in 2019 to 5.34 million in 2034. The percentage rise throughout the 15 years will vary significantly by country, ranging from a moderate 8% growth (Latvia) to a spectacular 58% growth (Ireland). Osteoporosis leads to increased occurrence of fractures and procedures of the joint. Hence, the rising prevalence of osteoporosis is boosting the demand and sales of bone cement, which is contributing to the growth of the Europe bone cement market.
The European economy was severely affected due to the exponential growth of COVID-19 cases in the region. Spain, Italy, Germany, France, and the UK were among the most affected European countries. Several companies experienced severe losses in the last quarter of 2019 and the first and second quarters of 2020. Hence, the impact of COVID-19 on the European market was immediate and drastic. The businesses in the region were hampered due to disruption in the supply chain and an increase in demand. To reduce COVID-19 infection in hospitals and clinics, healthcare practitioners and patients adopted and preferred remote patient treatment. Under these unforeseeable circumstances, the orthopedic practice could not remain unaffected. Many surgical treatments and non-urgent consultations were canceled or postponed. Elective surgery was suspended in many institutions, and the overall volume of orthopedic cases fell dramatically to limit the spread of the virus and reserve and reallocate resources in healthcare personnel (nurses, anesthesiologists), medical equipment (personal protective equipment, ventilators), and beds. The "stay at home" strategy in Europe resulted in a significant reduction in arthroplasty and arthroscopy surgeries and a decrease in the incidence of trauma cases during the COVID-19 period.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe bone cement market. The Europe bone cement market is expected to grow at a good CAGR during the forecast period.
Strategic insights for the Europe Bone Cement provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 326.93 Million |
| Market Size by 2028 | US$ 471.37 Million |
| Global CAGR (2021 - 2028) | 5.4% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe Bone Cement refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Europe Bone Cement Market is valued at US$ 326.93 Million in 2021, it is projected to reach US$ 471.37 Million by 2028.
As per our report Europe Bone Cement Market, the market size is valued at US$ 326.93 Million in 2021, projecting it to reach US$ 471.37 Million by 2028. This translates to a CAGR of approximately 5.4% during the forecast period.
The Europe Bone Cement Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Bone Cement Market report:
The Europe Bone Cement Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Bone Cement Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Bone Cement Market value chain can benefit from the information contained in a comprehensive market report.
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