According to FutureWise analysis the market for bone cement and glue in 2023 is US$ 1.37 billion, and is expected to reach US$ 2.13 billion by 2031 at a CAGR of 5.60%.
Glue and bone cement are the two primary products that help in repairing broken or fractured bones. In the current scenario, the bone cement industry has been projecting a high demand in the market. This, in turn, has helped to boost the number of occurrences of osteoporosis issues and augment the volume of arthroplasty cases on a global scale. Having said that, market analysis has demonstrated that the glue division is poised to encounter a rise in popularity when placed in comparison to bone cement in the forecast period. This is due to the rampant nature of orthopedic surgeries and fractures. Bone cement is also regarded as poly methyl methacrylate. It is predominantly found in varied orthopedic treatments as well as that of trauma induced surgeries. To add to this, bone glue is primarily used to provide a substitution for screws as well as small plates to hold bone fragments firmly in one, single place to allow the fracture to heal.
Primary factors that are leading the bone cement and glue market is the alarming rate of sports related accidents, growing geriatric population and the volume of trauma induced cases as well as road accidents. Besides that, innovations in regenerative drugs medication has also garnered considerable bone cement and glue market share in the industry. However, the exponential costs as well as lack of favorable reimbursement schemes is likely to restrain the market potential on a global scale. Furthermore, extensive clinical studies are required for producing new and improved products, which can also pose potential problems for the global bone cement and bone glue market.
Segmentation-wise, the type in the market is bifurcated into bone cement and bone glue. The bone cement division is expected to capture significant market share and this can be attributed to the rising cases of arthroplasty procedures and the growing incidence of osteoporosis worldwide. In the case of the application, the market is fragmented into arthroplasty, kyphoplasty, vertebroplasty, and other applications. The arthroplasty section is registered to account for largest market share of the global market. The largest market share of the section is the result of augmentation of the number of knee, hip, and shoulder injuries. In the case of the end user, the market is divided into hospitals, clinical/physician settings as well as ambulatory surgery centers. The hospital section is anticipated to drive the bone cement and glue market growth in the forthcoming years.