Report Ocean introduces a fresh report examining the Orthopedic Bone Cement and Casting Materials Market, encompassing its size, share, growth, industry trends, and forecast up to 2032. This comprehensive analysis delves into various industry components and growth patterns that offer valuable insights for anticipating the market’s future trajectory.
Obtain a comprehensive report on the Orthopedic Bone Cement and Casting Materials Market, which includes a full table of contents, over 200 tables and figures, and charts. The report provides precise information on the market before and after the COVID-19 outbreak, segmented by region.
Global Orthopedic Bone Cement & Casting Materials Market is valued at approximately USD 2.5 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 6.3% over the forecast period 2022-2029. Orthopedic bone cement and casting materials are medical products used in the treatment of bone fractures, bone defects, and joint replacement surgeries.
Request to Download Free Sample Copy of ‘Orthopedic Bone Cement and Casting Materials Market’ Report: –https://reportocean.us/sample-request/report_id/bzwt2376
Bone cement is a substance that is used to fixate orthopedic implants such as artificial joints, screws, and plates to the bone. The cement is typically made of a polymer called polymethylmethacrylate (PMMA), which is mixed with a liquid monomer to create a dough-like consistency. The cement hardens quickly once it is applied to the bone, providing a strong and durable bond that can withstand the weight and stress of the body. Casting materials, on the other hand, are used to immobilize and support broken bones, allowing them to heal properly. Casts are typically made of plaster or fibreglass, which are applied around the injured area and then hardened using water. The cast holds the bone in place while it heals, providing support and protection. The market demand is primarily driven by the factors such as the rising prevalence of bone-related disorders, coupled with the rising aging population. In addition, the rising healthcare expenditure across the globe is driving the growth of the orthopedic bone cement and casting materials market. The World Health Organization research report demonstrates that between 2000 and 2018, global health spending increased steadily, reaching US$ 8.3 trillion, or 10% of global GDP. , thus, in turn, these factors are expected to escalate the demand for Orthopedic Bone Cement & Casting Materials in the global market. Furthermore, the increasing demand for bioactive bone cement and biodegradable materials, as well as recent advancements and advanced technology in Orthopedic Bone Cement & Casting Materials are presenting lucrative opportunities for market growth over the forthcoming years. However, the high cost of materials is restricting the market growth over the forecast period of 2022-2029.
The key regions considered for the Global Orthopedic Bone Cement & Casting Materials Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the presence of a substantial number of significant market participants, frequency of bone-related illnesses, rise in the elderly population, and well-established healthcare infrastructure. Whereas, Asia Pacific is also expected to grow at the highest growth rate over the forecasting period. Factors such as rising healthcare costs, expanding healthcare coverage, rising geriatric population, rising prevalence of bone-related diseases and injuries, bettering healthcare infrastructure, and rising use of advanced medical technologies are burgeoning the market growth in the forecasting years.
Major market players included in this report are:
DePuy Synthes Co.
Zimmer Biomet Holdings Inc.
Smith & Nephew Plc
3M Health Care Ltd
Orthofix US LLC
BSN medical GmbH
Heraeus Medical GmbH
Stryker Corp.
Medtronic Plc
Exactech Inc
Recent Developments in the Market:
- In January 2023, Zimmer Biomet Holdings, Inc., a worldwide medical technology leader, said today that it has achieved a definitive agreement to acquire Embody, Inc., a privately held medical device company focused on soft tissue healing, with the goal of meeting upcoming regulatory and commercial objectives over the next three years. In 2023, it’s anticipated that the acquisition will boost overall sales growth while modestly diluting adjusted earnings per share.
- In March 2022, DePuy Synthes, The Orthopaedics Business of Johnson & Johnson, purchased CUPTIMIZE Hip-Spine Analysis, providing surgeons with a simple tool to better evaluate and manage the impact of aberrant mobility between the spine and pelvis in some patients who need total hip arthroplasty (THA). The CUPTIMIZE Hip-Spine Analysis (CUPTIMIZE Analysis) solution from DePuy Synthes’ VELYS Digital Surgery platform of connected technologies improves the surgical planning capabilities of VELYS Hip Navigation, one of the solutions within.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below.
By Product:
Bone Cement
Casting Materials
By Application:
Joint Arthroplasty
Trauma Cases
Sports Injury
Spine Surgeries
Others
By End-User:
Hospitals
Ambulatory Surgical Centers
Orthopedic Clinics
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
ROLA
Rest of the World
Reasons to Consider Purchasing the Orthopedic Bone Cement and Casting Materials Market Report:
Comprehensive Market Insights: Delve into the depths of the Orthopedic Bone Cement and Casting Materials Market Report to gain an all-encompassing and meticulous analysis of the market landscape. Uncover details such as market size, share, trends, and growth catalysts, which provide invaluable perspectives on both the present market scenario and its promising future prospects.
Reliable Projections: Rely on the report’s dependable forecasts and projections, which are underpinned by rigorous research methodologies, insights into industry expenditures, and assessments of market expansion rates. These foresights empower businesses to make well-informed decisions and chart out effective strategies for the times ahead.
In-depth Competition Analysis: Equip yourself with an extensive evaluation of key market players, their array of products, and the strategies they employ. This comprehensive understanding arms businesses with the knowledge needed to not only comprehend their rivals but also to craft strategies that position them ahead in the dynamic market arena.
Clear Market Scope and Segmentation: Gain clarity on the broad expanse of the market through the report’s clear delineation of market scope. With detailed insights into diverse market segments and their growth potential, businesses can discern and capitalize on opportunities that align with their objectives.
Insightful Regional Examination: Assess the market’s performance across different regions, enabling enterprises to pinpoint lucrative markets and tailor their approaches accordingly. With region-specific insights, businesses can adapt strategies that resonate with the unique dynamics of each area.
Evaluation of Industry Technology: Grasp the pulse of technological progress within the Orthopedic Bone Cement and Casting Materials market. The report dissects cutting-edge advancements and trends, providing businesses with a window into emerging technologies that have the potential to reshape the industry.
Dynamics of Supply and Demand: Acquire a profound comprehension of supply-demand dynamics. This understanding empowers businesses to optimize production, distribution, and inventory management processes, resulting in enhanced operational efficiency.
Informed Investment Decision Making: Leverage the report’s critical information and data-driven insights to facilitate informed investment choices within the Orthopedic Bone Cement and Casting Materials market. Equipped with this knowledge, businesses can confidently allocate resources to avenues with the greatest potential for returns.
Unveiling Long-Term Growth Avenues: Through the scrutiny of trends and growth stimulants, the report illuminates the enduring opportunities the Orthopedic Bone Cement and Casting Materials market holds. By identifying these sustainable growth prospects, businesses are poised to set a course for lasting success.
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom-line goals which will boost your market share in today’s competitive environment. Report Ocean is a ‘one-stop solution’ for individuals, organizations, and industries that are looking for innovative market research reports.