Global Orthopedic Bone Cement Market Size (2024 - 2029)

The orthopedic bone cement and casting material market is projected to experience significant growth over the forecast period, driven by an increase in orthopedic procedures due to a rising burden of orthopedic disorders, trauma cases, and a growing aging population. The market size is expected to expand as the demand for bone cement rises for surgical purposes, particularly in treating conditions like arthritis that can lead to spinal fractures. Despite the challenges posed by the high cost of surgeries and potential side effects of bone cement, the market is anticipated to grow as global restrictions ease and pending procedures increase.

Market Size of Global Orthopedic Bone Cement Industry

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Orthopedic Bone Cement and Casting Material Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 3.11 Billion
Market Size (2029) USD 4.10 Billion
CAGR (2024 - 2029) 5.68 %
Fastest Growing Market Asia-Pacific
Largest Market North America

Major Players

Orthopedic Bone Cement and Casting Material Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Orthopedic Bone Cement Market Analysis

The Global Orthopedic Bone Cement Market size is estimated at USD 3.11 billion in 2024, and is expected to reach USD 4.10 billion by 2029, growing at a CAGR of 5.68% during the forecast period (2024-2029).

COVID-19 had a substantial impact on the market for orthopedic bone cement and casting materials. Because of the lockdown situation, there were limitations on mobility and a decline in the number of orthopedic procedures performed globally. Furthermore, during the initial days of the pandemic, the number of road accidents also decreased across the globe. For instance, as per the study published in March 2022, Rensselaer Polytechnic Institute research showed that the number of traffic accidents fell by almost half during the two months at the beginning of the COVID-19 pandemic, when residents of most states were forced to stay at home in the United States. It was also reported that traffic accidents in Louisiana decreased by 47.0%, injuries due to traffic accidents decreased by 46.0%, and ambulance calls for accidents decreased by 41.0% between March and May 2020. However, the post-COVID-19 situation is likely to have huge growth as pending procedures will increase the surgical volume. and the worldwide restrictions have eased.

The growing burden of orthopedic disorders and the growing incidence of trauma and accident cases are contributing to a rise in the number of orthopedic procedures globally. In addition, the rising aging population is expected to increase the procedural count, driving market growth.

According to the statistics of the Arthritis Foundation, in 2021, more than 350 million people worldwide will have arthritis. In 2020, an estimated 30.8 million adults were found to be suffering from arthritis, and 14 million individuals in the United States were observed to be suffering from symptomatic knee osteoarthritis. By 2050, the number of adults in the United States with doctor-diagnosed osteoarthritis is projected to increase by 49% to 78.4 million. The same source as above has stated that the number of adults reporting activity limitations due to arthritis will increase by 52%, to 34.6 million by 2040. With the increasing number of orthopedic diseases, for instance, arthritis can cause spinal fractures requiring the use of bone cement, thereby driving demand and hence leading to market growth. Moreover, the use of bone cement is believed to increase for surgical purposes, which is expected to augment market growth over the forecast period.

Other factors, such as an increasing geriatric population and several orthopedic injuries, are also expected to drive the orthopedic bone cement and casting material market over the forecast period. According to the World Population Prospects 2022 report, the percentage of the population aged 65 years and over in Sub-Saharan Africa is 3.0 in 2022 and projected to be 3.3 in 2030; in Northern Africa and Western Asia, it is estimated to be 5.5 in 2022 and projected to be 7.0 in 2030; in Central and Southern Asia, it is estimated to be 6.4 in 2022 and projected to be 8.1 in 2030; and in Europe and Northern America, it is 18.7 in 2022 and projected to be 22.0 in 2030. Since the geriatric population is more prone to orthopedic injuries, which require bone cement and casting materials in order to support and strengthen prosthetic joints and broken bones, the growing geriatric population is driving the growth of the market.

Therefore, owing to the aforementioned factors, it is anticipated that the studied market will witness growth over the analysis period. However, the high cost of surgeries and side effects of bone cement are likely to impede market growth.

Orthopedic Bone Cement Industry Segmentation

As per the scope of the report, bone cement can be defined as biomaterials obtained by mixing a powder phase and a liquid phase, which can be molded and implanted as a paste and can be implanted within the body. Orthopedic bone cement helps to support and strengthen prosthetic joints and broken bones. The orthopedic bone cement and casting material market is segmented by material (Polymethyl Methacrylate, or PMMA), ceramic, acrylic, and other materials, and geography (North America, Europe, Asia-Pacific, the Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD million) for the above segments.

By Material
Polymethyl Methacrylate (PMMA)
Ceramic
Acrylic
Other Materials
By Product Type
Low Viscosity Cements
Medium Viscosity Cements
High Viscosity Cements
Antibiotic Cements
By End-User
Hospitals
Orthopedic Clinics and Centers
Other End-Users
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America
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Global Orthopedic Bone Cement Market Size Summary

The orthopedic bone cement market is poised for significant growth, driven by an increasing prevalence of orthopedic disorders and a rising geriatric population. The demand for orthopedic procedures is expected to rise due to the growing incidence of trauma and accidents, alongside the expanding elderly demographic, which is more susceptible to orthopedic injuries. The market is also influenced by the rising number of musculoskeletal conditions, such as arthritis, which necessitate the use of bone cement for surgical interventions. Despite the challenges posed by the high cost of surgeries and potential side effects of bone cement, the market is anticipated to expand as surgical volumes increase post-COVID-19, with pending procedures contributing to the growth trajectory.

North America is projected to lead the market, supported by a robust healthcare infrastructure, a high prevalence of musculoskeletal disorders, and a strong presence of key industry players. The region's growth is further bolstered by the increasing cases of knee injuries and sports-related accidents, which drive the demand for orthopedic bone cement. The market is moderately competitive, with major companies like Stryker Corporation, Smith & Nephew, and Zimmer Biomet Holdings Inc. actively engaging in strategic collaborations and product developments to enhance their market position. Innovations such as the introduction of halal-certified synthetic bone cement in Malaysia highlight the ongoing advancements and diversification within the market.

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Global Orthopedic Bone Cement Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Rising Number of Trauma and Road Accidents Cases

      2. 1.2.2 Increasing Number of Orthopedic, Cranial and Spine Surgery Procedures

      3. 1.2.3 Rising Prevalence of Osteoporosis

    3. 1.3 Market Restraints

      1. 1.3.1 High Cost of Orthopedic Surgeries

      2. 1.3.2 Side effects of Bone Cements

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size - Value in USD million)

    1. 2.1 By Material

      1. 2.1.1 Polymethyl Methacrylate (PMMA)

      2. 2.1.2 Ceramic

      3. 2.1.3 Acrylic

      4. 2.1.4 Other Materials

    2. 2.2 By Product Type

      1. 2.2.1 Low Viscosity Cements

      2. 2.2.2 Medium Viscosity Cements

      3. 2.2.3 High Viscosity Cements

      4. 2.2.4 Antibiotic Cements

    3. 2.3 By End-User

      1. 2.3.1 Hospitals

      2. 2.3.2 Orthopedic Clinics and Centers

      3. 2.3.3 Other End-Users

    4. 2.4 Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

        3. 2.4.1.3 Mexico

      2. 2.4.2 Europe

        1. 2.4.2.1 Germany

        2. 2.4.2.2 United Kingdom

        3. 2.4.2.3 France

        4. 2.4.2.4 Italy

        5. 2.4.2.5 Spain

        6. 2.4.2.6 Rest of Europe

      3. 2.4.3 Asia-Pacific

        1. 2.4.3.1 China

        2. 2.4.3.2 Japan

        3. 2.4.3.3 India

        4. 2.4.3.4 Australia

        5. 2.4.3.5 South Korea

        6. 2.4.3.6 Rest of Asia-Pacific

      4. 2.4.4 Middle-East and Africa

        1. 2.4.4.1 GCC

        2. 2.4.4.2 South Africa

        3. 2.4.4.3 Rest of Middle-East and Africa

      5. 2.4.5 South America

        1. 2.4.5.1 Brazil

        2. 2.4.5.2 Argentina

        3. 2.4.5.3 Rest of South America

Global Orthopedic Bone Cement Market Size FAQs

The Global Orthopedic Bone Cement Market size is expected to reach USD 3.11 billion in 2024 and grow at a CAGR of 5.68% to reach USD 4.10 billion by 2029.

In 2024, the Global Orthopedic Bone Cement Market size is expected to reach USD 3.11 billion.

Orthopedic Bone Cement Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)