Global Bone Cement and Glue Market Size Set to Touch USD 2.48 Billion by 2029

Published | 26 September 2023

Global bone cement and glue market is gaining traction because of the growing focus on treating the increasing prevalence of osteoporosis and a rise in periodontal incidents.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the global bone cement and glue market size at USD 1.54 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the global bone cement and glue market size to grow at a CAGR of 7.1% reaching a value of USD 2.48 billion by 2029. The increasing incidences of periodontal disease, osteoporosis, and other medical conditions, combined with the rising demand for minimally invasive surgeries, are significant driving factors for the growth of the global bone cement and glue market during the period in analysis.

Global Bone Cement and Glue Market – Overview

According to a paper published in ScienceDirect, bone cements are characterized as biomaterials that can be molded and implanted as a paste and have the capacity to solidify once implanted within the body. They are created by combining a powder phase and a liquid phase. Bone cement, sometimes referred to as polymethyl methacrylate (PMMA), is a material that is frequently used in trauma and orthopedic surgery to fixate implants. The traditional metal plates, nails, pins, and screws are replaced with "bone glue" or an adhesive to repair damaged bones.

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Opportunity: Rising prevalence of bone-related ailments among rapidly aging global population

The expanding geriatric population, rise in sports injuries, and increasing number of traffic accidents and trauma cases are expected to drive the growing of the global bone cement and glue market during the forecast period between 2023 and 2029. Additionally, the global bone cement and glue market is benefiting from advancements in regenerative medicine. Furthermore, increasing cases of osteoporosis, osteomyelitis, and other bone diseases are driving up surgical demand. It, in turn, is expected to drive the growth of the global bone cement and glue market over the forecast period.

Impact of COVID-19 on the Global Bone Cement and Glue Market

The unprecedented COVID-19 pandemic limited the growth of the global bone cement and glue market. Both the healthcare industry and healthcare personnel were under tremendous strain due to the pandemic and the rising number of COVID-19 patients. Due to hospital overcrowding, a lack of medical resources, and restrictions on hospital visits at this delicate time, all elective procedures, including orthopedic surgery, were consequently postponed for the time being. As medical industry participants turned their efforts toward the manufacturing of vaccinations and personal protection equipment, the production of bone cement and adhesive was also hindered, which limited the overall market growth during this period.

Global Bone Cement and Glue Market

Segmental Information

Global Bone Cement and Glue Market – By Application

Based on application, the global bone cement and glue market is segmented into dental applications arthroplasty, total knee arthroplasty, total hip arthroplasty, total shoulder arthroplasty, kyphoplasty, and vertebroplasty. The total knee arthroplasty segment holds the highest share in the global bone cement and glue market. The growth of the segment is attributed to the rising prevalence of total knee replacement. According to a paper published in the National Center for Biotechnology Information, total hip and total knee replacements were more common among those people aged 50 years or older (2.34% and 4.55%, respectively). Women are more likely to undergo both treatments than males are.

Competitive Landscape

Major players operating in the global bone cement and glue market include Smith and Gephew, Zimmer Biomet, Cardinal Health, DJO Global, Heraeus Medical, CryoLife, DePuy Synthes, Teknimed, Exactech, Stryker, Triumph, 3M, BSN Medical, Medtronic, Globus Medical, Johnson & Johnson Services Inc., and Orthofix Medical Inc.

To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

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The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Global Bone Cement and Glue Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Global Bone Cement and Glue Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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