Orthopedic Bone Cement Market Is Projected To Witness Growth Based On Increased Number Of Orthopedic Surgeries Till 2025:Grand View Research,inc.
The global orthopedic bone cement market is
expected to reach USD 1.1 billion by 2025, according to a new report by Grand
View Research, Inc. Growing number of orthopedic surgeries is one of the key
factors expected to drive revenue growth in coming few years.
Orthopedic bone cement helps
support and anchor artificial joints and fractured bones. It works by filling
the empty space between the bone and an implant, which anchors the joint. This
in turn provides stability and elasticity to the joints. Bone cement was
introduced in 1940s and has been widely used by physicians since then. The
increasing number of orthopedic surgeries globally is expected to boost demand
for the cement in near future. As per Australian Society of Orthopedic
Surgeons, the number of musculoskeletal surgeries had increased by 18% between
2007 and 2011 and is expected to witness continuous growth, which in turn is
expected to create growth opportunity for the manufacturers.
Ageing population is another
important factor responsible for increasing demand for bone cement. Old people
are more susceptible to fractures and associated injury and often require joint
replacement surgery. This cement provides a better alternative to screws and
wires, which can create discomfort to the patients. According to a United
Nations report in 2015, the population of people aged 60 years and above is
projected to grow by 56% and is expected to reach 1.4 billion by 2030. This in
turn is expected to bolster the patient pool for joint replacement surgeries
and in turn propel revenue growth for bone cement market over the forecast
period.
Browse full research report on Orthopedic Bone Cement
Market: http://www.grandviewresearch.com/industry-analysis/orthopedic-bone-cement-market
Further Key Findings From the Report Suggest:
- The global orthopedic bone cement market size was
estimated at USD 692.8 million in 2016 and is expected to grow at a CAGR
of 5.9% from 2017 to 2025
- Hospital emerged as the largest end-use segment in
2015 and is estimated to generate revenue over USD 501.2 million by 2025
- Ambulatory surgical centers segment was USD 150.2
million in 2016 and is anticipated to witness fastest growth over the next
9 years
- The Asia Pacific region is projected to witness
substantial growth over the next decade owing to various developments
across major economies in the region. This regional market is expected to
grow at a CAGR of 6.7% from 2017 to 2025
- Some of the key players including Stryker
Corporation; Zimmer Biomet; DePuy Synthes; and Smith & Nephew, Inc.
dominated the global market.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the global orthopedic bone
cement market on the basis of end use and region:
Orthopedic Bone Cement End-use Outlook (Revenue, USD
Million, 2014 - 2025)
- Hospitals
- Ambulatory
Surgical Centers (ASCs)
- Specialty
Clinics
Orthopedic Bone Cement Regional Outlook (Revenue, USD
Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia
Pacific
- China
- Japan
- Latin
America
- Brazil
- Mexico
- Middle
East & Africa
- South
Africa
Access Press Release
By Grand View Research: http://www.grandviewresearch.com/press-release/global-orthopedic-bone-cement-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting services.
To help clients make informed business decisions, we offer market intelligence
studies ensuring relevant and fact-based research across a range of industries,
from technology to chemicals, materials and healthcare.
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