Bone Cement and Glue Market Worth $1,322.6 Million | Increasing Incidence of Sports Injuries & Road Traffic Accidents

PUNE, India, 2020-May-28 — /EPR Network/ —

[161 Pages Report] The Bone Cement and Glue Market is expected to reach USD 1,322.6 Million, at a CAGR of 5.9%

The market growth is primarily driven by the growing incidence of sports injuries and increasing developments in Regenerative Medicine field.

Research Methodology

Top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent submarkets. The overall market size was used in the top-down approach to estimate the sizes of other individual submarkets (mentioned in the market segmentation—by type, application, end user, and region) through percentage splits from secondary and primary research. Primary sources such as experts from related industries and suppliers have been interviewed to obtain and verify critical information as well as to assess prospects of the bone cement and glue market.

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Market Segmentation in Depth:

By type, the market is segmented into bone cement and bone glue. The bone cement segment is estimated to account for the largest market share of the global market in 2017. Factors driving the growth of this segment include the widespread use of bone cements during orthopedic surgeries.

By application, the bone glue market is classified into arthroplasty, kyphoplasty, vertebroplasty, and other applications. The arthroplasty segment is estimated to account for the largest share of the global glue market. The large share of this segment can be attributed to the increasing demand for bone cement and glue in knee, hip, and shoulder arthroplasty procedures around the globe.

The objectives of this study are as follows:

• To define, describe, segment, and forecast the market by type, application, end user, and region
• To forecast the revenue of the market segments with respect to four main regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW)
• To identify micromarkets with respect to drivers, restraints, industry-specific challenges, opportunities, and trends affecting the growth of the market

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The global bone cement market is dominated by North America, followed by Europe. North America will continue to dominate the global bone glue market in the forecast period. However, Asia Pacific is expected to witness the highest CAGR, with the growth in this market centered in Japan, China, and India. Factors such as rising focus of major players in emerging Asian countries and government support are driving the growth of the global market in this region.

The factors such as the high degree of consolidation, and complex regulatory framework for the approval of new products may restrain the market’s growth to a certain extent.

Major industry players adopted acquisitions and geographical expansions to maintain and improve their position in the bone cement and glue market. Stryker (US), Zimmer Biomet (US), Heraeus Medical (Germany), Smith & Nephew (UK), and DJO Global (US) have been identified as the key players in this market. These companies have a broad product portfolio with comprehensive features and have also expanded their presence geographically. These leaders also have products for all end users in this market, a strong geographical presence, and they focus on continuous product innovations.