North America will account for 42% of the market growth in the global bone cement market
NEW YORK, January 30, 2023 /PRNewswire/ — North America accounted for a major share of 42% of the global bone cement market, with the US being the major source of revenue. The high market share is due to the widespread adoption of minimally invasive techniques such as joint reconstruction, fusion and fracture procedures. The market is also driven by the increasing prevalence of orthopedic diseases and increased number of orthopedic surgeries. Considering the increase in the number of patients, established companies from the region are focusing on the development of highly biocompatible bone cement. In addition, most of the leading suppliers have established their headquarters in the US, which helps them to focus and sell their products in this region. To learn more, Download a PDF sample report
The Bone Cement Market by Product, End User and Geography – Forecast and Analysis 2023-2027 the report was published by Technavio. The market growth is expected to decelerate at a CAGR of 5.31% and register an incremental growth from 449.08 million US dollars during the forecast period. The report provides a comprehensive analysis of regional growth opportunities, new product launches, latest trends, and post-pandemic global market recovery.
Company profiles
The Bone Cement Market report includes information on the key products and recent developments of leading vendors, including:
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AAP Implantate AG: The company offers bone cement as OsteoCem bone cement.
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Exactech Inc.: The company offers bone cement as Cemex Bone Cement.
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G21 Srl: The company offers bone cement as G1 and G3 radiopaque bone cements.
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Johnson and Johnson: The company offers bone cement as Vertecem II bone cement.
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Kyeron
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Medacta International SA
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Medtronic Plc
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Merit Medical Systems Inc.
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Olympus Corp.
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To access more vendor profiles available with Technavio, buy the report!
Market dynamics
Market growth depends on serval factors including increasing prevalence of orthopedic diseases due to rise in trauma cases, increasing adoption of minimally invasive techniques and increasing use of bone cement in interventional procedures. However, high barriers to entry for new players are hindering market growth.
Competitive analysis
The competitive scenario categorizes companies based on various performance metrics. Some of the factors considered include companies’ financial performance over the past few years, growth strategies, product innovation, new product launches, investments, market share growth, and more. Request a sample
Market segmentation
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On the basis of product, the market is segmented into bone cement with antibiotic and bone cement without antibiotic. The antibiotic-loaded bone cement segment accounts for the largest share of the market in 2022.
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On the basis of geography, the market is segmented into North America, Europe, Asiaand the Rest of the World. North America hold the largest share of the market in 2022.
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What are the key data included in this Bone Cement market report?
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Market CAGR during the forecast period
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Detailed information about the factors that will drive the growth of the bone cement market between 2023 and 2027.
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An accurate estimation of the size of the Bone Cement market and its contribution to the parent market
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Accurate predictions of upcoming trends and changes in consumer behavior
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Industry growth everywhere North America, Europe, Asiaand the rest of the world (ROW).
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In-depth analysis of the competitive landscape of the market and detailed information on suppliers
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A comprehensive analysis of the factors that will drive the growth of the Bone Cement market vendors
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Bone Cement Market Scope |
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Report coverage |
Details |
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Page number |
158 |
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Base year |
2022 |
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Historical period |
2017-2021 |
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Estimated period |
2023-2027 |
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Growth momentum and CAGR |
Slowing down at a CAGR of 5.31% |
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Market Growth 2023-2027 |
449.08 million US dollars |
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Market structure |
Torn apart |
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Year-on-year growth 2022-2023 (%) |
5.23 |
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Regional analysis |
North America, Europe, Asia and Rest of World (ROW) |
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Effective market contribution |
North America with 42% |
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Key countries |
USA, Canada, Germany, UK and Japan |
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The competitive environment |
Leading suppliers, market positioning of suppliers, competitive strategies and industry risks |
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Key companies profiled |
aap Implantate AG, Alphatec Holdings Inc., Colfax Corp., EVOLUTIS SAS, Exactech Inc., G21 Srl, Globus Medical Inc., Heraeus Holding GmbH, Johnson and Johnson, Kyeron, Medacta International SA, Medtronic Plc, Merit Medical Systems Inc. , Olympus Corp., Smith and Nephew plc, Stryker Corp., Synimed Synergie Ingenierie Medicale SARL, Tecres Spa, TEKNIMED and Zimmer Biomet Holdings Inc. |
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Market dynamics |
Major market analysis, drivers and barriers to market growth, analysis of fast-growing and slow-growing segments, analysis of the impact and recovery of COVID-19 and future consumer dynamics, and analysis of the state of the market for the forecast period. |
Content:
1 Summary
2 Market landscape
3 Sizing the market
4 Historical market size
5 Five Forces Analysis
6 Market segmentation by products
7 Market segmentation by end user
8 Customer landscape
9 Geographical landscape
10 Drivers, challenges and trends
11 Supplier landscape
12 Supplier Analysis
13 Appendix
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SOURCE Technavio