North America Bone Cement Market

The North America bone cement market is expected to grow from US$ 461.44 million in 2021 to US$ 685.52 million by 2028; it is estimated to grow at a CAGR of 5.8% from 2021 to 2028.

The geriatric population has been rising significantly across the region. The rise in the geriatric population in several countries is driven by the modernization of healthcare facilities and improvements in healthcare services, which has boosted the life expectancy in these countries. According to the data presented by the World Health Organization (WHO) in February 2018, the geriatric population is estimated to rise from 12% in 2015 to 22% by 2050. In addition, according to one report, the number of people in the region with age 65 and above is anticipated to grow from 46 million in 2016 to more than 98 million by 2060, their population share would increase from ~15% to ~24% during this period. By 2050, several countries will have approximately a quarter or more of their populations aged 60 and over. Moreover, countries such as Mexico would account for ~80% of this growth. The incidence rate of osteoporosis among the elderly population is high, and age is one of the important reasons for the occurrence of a spinal fracture. With growing age, bones become thinner and stronger. In osteoporosis disease, bones become weaker and are more likely to break. As the population ages, the demand for total knee osteoarthritis (TKA) is projected to increase among people in their eighties. Therefore, due to the increasing geriatric population and the surging incidence of osteoporosis, the North America bone cement market is anticipated to witness significant growth.

As COVID-19 became a pandemic, many health authorities focused on pandemic-related care and avoided human contact in reaction to growing transmission and strain on healthcare resources by postponing elective surgeries, suspending outpatient clinics, and triaging employees involved in urgent care. Furthermore, many countries imposed restrictions on nonclinical staff's access to the facility and guests. Orthopedic surgeons have seen major effects on their ability to offer timely and high-quality surgical care, training, and research due to these changes. Recent COVID-19 guidelines for pediatric orthopedic surgeons suggested focusing on urgent care and triaging cases to postpone elective surgeries and clinic appointments, with the transition to virtual-based care when appropriate. Even when hospitals resumed elective surgeries, cases were prioritized based on clinical urgency, causing severe delays in both regular and time-sensitive elective care for orthopedic patients. Like practicing physicians and their patients, medical trainees were also adversely affected by changes in healthcare delivery and education necessitated due to the COVID-19 pandemic. Remote learning-based curriculums were applied at medical schools across the US, resulting in a loss of collaborative experiences such as hands-on training, kinesthetic learning, real-time performance assessments, and interpersonal involvement. These lost learning opportunities could be detrimental to present students' education and future training. 

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 North America bone cement market. The North America bone cement market is expected to grow at a good CAGR during the forecast period.    

North America Bone Cement Market Revenue and Forecast to 2028 (US$ Million)

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North America Bone Cement Strategic Insights

Strategic insights for the North America 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.

North America Bone Cement Report Scope

North America Bone Cement Regional Insights

The geographic scope of the North America 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.

North America Bone Cement Market Segmentation
         

North America Bone Cement Market – by Type

• Polymethyl Methacrylate Cement (PMMA)
• Calcium Phosphate Cement (CPC)
• Glass Polyalkenoate Cement (GPC)
• Others

North America Bone Cement Market –

by Application

• Arthroplasty
• Kyphoplasty   
• Vertebroplasty

North America Bone Cement Market –

by End User

• Hospitals
• Ambulatory Surgery Centers (ASCs)
• Clinics

North America Bone Cement Market, by Country

• US
• Canada   
• Mexico

North America Bone Cement Market - Companies Mentioned

• Arthrex, Inc.
• Cardinal Health Inc.
• DePuy Synthes (The Orthopedics Company of Johnson & Johnson)
• DJO Global, Inc.
• Heraeus Holding GmbH
• Smith & Nephew
• Stryker Corporation
• Tecres S.p.A.
• Teknimed
• Zimmer Biome