North America Bone Cement Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type [Polymethyl Methacrylate Cement (PMMA), Calcium Phosphate Cement (CPC), Glass Polyalkenoate Cement (GPC), and Others], Application (Arthroplasty, Kyphoplasty, and Vertebroplasty), and End User [Hospitals, Ambulatory Surgery Centers (ASCs), and Clinics]
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 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
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Bone Cement Market – By Type
1.3.2 North America Bone Cement Market – By Application
1.3.3 North America Bone Cement Market – By End User
1.3.4 North America Bone Cement Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Bone Cement Market – Market Landscape
4.1 Overview
4.2 North America PEST Analysis
4.3 Experts Opinion
5. North America Bone Cement Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Prevalence of Osteoporosis
5.1.2 Growing Geriatric Population
5.2 Market Restraints
5.2.1 Concerns Associated with Bone Cement and Availability of Substitutes
5.3 Market Opportunities
5.3.1 Surging Untapped Potential of Emerging Economies
5.4 Future Trends
5.4.1 Escalating Use of Antibody Loaded Bone Cement
5.5 Impact Analysis
6. Bone Cement Market– North America Analysis
6.1 North America Bone Cement Market Revenue Forecast and Analysis
7. North America Bone Cement Market Analysis – By Type
7.1 Overview
7.2 North America Bone Cement Market, By Type, 2021 & 2028 (%)
7.3 Polymethyl Methacrylate (PMMA) Cement
7.3.1 Overview
7.3.2 Polymethyl Methacrylate (PMMA) Cement: Bone Cement Market Revenue and Forecasts to 2028 (US$ Million)
7.4 Calcium Phosphate Cement (CPC)
7.4.1 Overview
7.4.2 Calcium Phosphate Cement (CPC): Bone Cement Market Revenue and Forecasts to 2028 (US$ Million)
7.5 Glass Polyalkenoate Cement (GPC)
7.5.1 Overview
7.5.2 Glass Polyalkenoate Cement (GPC): Bone Cement Market Revenue and Forecasts to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Bone Cement Market Revenue and Forecasts to 2028 (US$ Million)
8. North America Bone Cement Market Analysis – By Application
8.1 Overview
8.2 North America Bone Cement Market Share by Appplication - 2021 & 2028 (%)
8.3 Arthroplasty
8.3.1 Overview
8.3.2 Arthroplasty: Bone Cement Market Revenue and Forecast to 2028 (US$ Million)
8.4 Kyphoplasty
8.4.1 Overview
8.4.2 Kyphoplasty: Bone Cement Market Revenue and Forecast to 2028 (US$ Million)
8.5 Vertebroplasty
8.5.1 Overview
8.5.2 Vertebroplasty: Bone Cement Market Revenue and Forecast to 2028 (US$ Million)
9. North America Bone Cement Market Analysis – By End User
9.1 Overview
9.2 North America Bone Cement Market Share by End User - 2021 & 2028 (%)
9.3 Hospitals
9.3.1 Overview
9.3.2 Hospitals: Bone Cement Market Revenue and Forecast to 2028 (US$ Million)
9.4 Clinics
9.4.1 Overview
9.4.2 Clinics: Bone Cement Market Revenue and Forecast to 2028 (US$ Million)
9.5 Ambulatory Surgery Centers (ASCs)
9.5.1 Overview
9.5.2 Ambulatory Surgery Centers (ASCs): Bone Cement Market Revenue and Forecast to 2028 (US$ Million)
10. North America Bone Cement Market – Country Analysis
10.1 North America: Bone Cement Market
10.1.1 North America: Bone Cement Market, by Country, 2021 & 2028 (%)
10.1.1.1 US: Bone Cement Market– Revenue and Forecast to 2028 (USD Million)
10.1.1.1.1 Overview
10.1.1.1.2 U.S. Bone Cement Market– Revenue and Forecast to 2028 (USD Million)
10.1.1.1.3 US Bone Cement Market, by Type – Revenue and Forecast to 2028 (USD Million)
10.1.1.1.4 US Bone Cement Market, by Application – Revenue and Forecast to 2028 (USD Million)
10.1.1.1.5 US Bone Cement Market, by End User – Revenue and Forecast to 2028 (USD Million)
10.1.1.2 Canada: Bone Cement Market– Revenue and Forecast to 2028 (USD Million)
10.1.1.2.1 Overview
10.1.1.2.2 Canada: Bone Cement Market– Revenue and Forecast to 2028 (USD Million)
10.1.1.2.3 Canada Bone Cement Market, by Type – Revenue and Forecast to 2028 (USD Million)
10.1.1.2.4 Canada Bone Cement Market, by Application – Revenue and Forecast to 2028 (USD Million)
10.1.1.2.5 Canada Bone Cement Market, by End User – Revenue and Forecast to 2028 (USD Million)
10.1.1.3 Mexico: Bone Cement Market– Revenue and Forecast to 2028 (USD Million)
10.1.1.3.1 Overview
10.1.1.3.2 Mexico: Bone Cement Market– Revenue and Forecast to 2028 (USD Million)
10.1.1.3.3 Mexico Bone Cement Market, by Type – Revenue and Forecast to 2028 (USD Million)
10.1.1.3.4 Mexico Bone Cement Market, by Application – Revenue and Forecast to 2028 (USD Million)
10.1.1.3.5 Mexico Bone Cement Market, by End User – Revenue and Forecast to 2028 (USD Million)
11. Impact Of COVID-19 Pandemic on North America Bone Cement Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Organic Developments
12.2.1 Overview
12.3 Inorganic Developments
12.3.1 Overview
13. Company Profiles
13.1 Zimmer Biomet
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 DePuy Synthes (The Orthopedics Company of Johnson & Johnson)
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Smith & Nephew
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 DJO Global, Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Arthrex, Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Tecres S.p.A.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Heraeus Holding GmbH
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Cardinal Health Inc.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Teknimed
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Stryker Corporation
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Bone Cement Market – Revenue, and Forecast to 2028 (US$ Million)
Table 2. US Bone Cement Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 3. US Bone Cement Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 4. US Bone Cement Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 5. Canada Bone Cement Market, by Type - Revenue and Forecast to 2028 (USD Million)
Table 6. Canada Bone Cement Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 7. Canada Bone Cement Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 8. Mexico Bone Cement Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 9. Mexico Bone Cement Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 10. Mexico Bone Cement Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 11. Organic Developments in the Bone Cement Market
Table 12. Inorganic Developments in the Bone Cement Market
Table 13. Glossary of Terms
LIST OF FIGURES
Figure 1. North America Bone Cement Market Segmentation
Figure 2. North America Bone Cement Market, By Country
Figure 3. North America Bone Cement Market Overview
Figure 4. Polymethyl Methacrylate (PMMA) Cement Segment Held the Largest Share of the Market in 2021
Figure 5. The US Held the Largest Share of the Market in 2021
Figure 6. North America: PEST Analysis
Figure 7. Experts Opinion
Figure 8. North America Bone Cement Market – Forecast and Analysis to 2028
Figure 9. North America Bone Cement Market, by Type, 2021 & 2028 (%)
Figure 10. North America Polymethyl Methacrylate (PMMA) Cement: Bone Cement Market Revenue and Forecasts to 2028 (US$ Million)
Figure 11. North America Calcium Phosphate Cement (CPC): Bone Cement Market Revenue and Forecasts to 2028 (US$ Million)
Figure 12. North America Glass Polyalkenoate Cement (GPC): Bone Cement Market Revenue and Forecasts to 2028 (US$ Million)
Figure 13. North America Others: Bone Cement Market Revenue and Forecasts to 2028 (US$ Million)
Figure 14. North America Bone Cement Market Share by Appplication - 2021 & 2028 (%)
Figure 15. North America Arthroplasty: Bone Cement Market Revenue and Forecasts To 2028 (US$ Million)
Figure 16. North America Kyphoplasty: Bone Cement Market Revenue and Forecasts To 2028 (US$ Million)
Figure 17. North America Vertebroplasty: Bone Cement Market Revenue and Forecasts To 2028 (US$ Million)
Figure 18. North America Bone Cement Market Share by End User - 2021 & 2028 (%)
Figure 19. North America Hospitals: Bone Cement Market Revenue and Forecasts To 2028 (US$ Million)
Figure 20. North America Clinics: Bone Cement Market Revenue and Forecasts To 2028 (US$ Million)
Figure 21. North America Ambulatory Surgery Centers (ASCs): Bone Cement Market Revenue and Forecasts To 2028 (US$ Million)
Figure 22. North America: Bone Cement Market, by Key Country – Revenue (2021) (USD Million)
Figure 23. North America: Bone Cement Market, by Country, 2021 & 2028 (%)
Figure 24. US: Bone Cement Market– Revenue and Forecast to 2028 (USD Million)
Figure 25. Canada: Bone Cement Market– Revenue and Forecast to 2028 (USD Million)
Figure 26. Mexico: Bone Cement Market– Revenue and Forecast to 2028 (USD Million)
Figure 27. Impact of COVID-19 Pandemic in North American Country Markets
- 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 Biomet
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America bone cement market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America bone cement market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth market trends and outlook coupled with the factors driving the North America bone cement market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution