Bone cement and glue are medical adhesives used in orthopedic surgeries to fix broken bones or replace damaged joints. Bone cement is made of a polymer called polymethylmethacrylate (PMMA), which hardens quickly and provides structural support. On the other hand, bone glue is made of natural substances like collagen and fibrin, which promote bone growth and integration. Both bone cement and glue are used in different orthopedic procedures, including Vertebroplasty, Kyphoplasty, Arthroplasty, and others.
The use of bone cement and glue is widespread, with medical professionals relying on them to provide stability and support during orthopedic surgeries. The market for bone cement and glue is expected to grow at a compound annual growth rate (CAGR) of 5.4%, reaching a size of US$1300 million by 2022.
Vertebroplasty and Kyphoplasty are the primary uses of bone cement and glue, accounting for more than 50% of the market share. These procedures are used to treat spinal fractures caused by osteoporosis, cancer, or trauma. Arthroplasty is also a common use of bone cement and glue, involving joint replacement surgeries like hip and knee replacements. Other uses include orthopedic trauma, bone tumors, dental implants, and tissue engineering.
The major global manufacturers in the bone cement and glue industry include Stryker, Zimmer Biomet, Arthrex, DePuy Synthes, Smith and Gephew, DJO Global, Triumph, Exactech, CryoLife, Heraeus Medical, Cardinal Health, and Teknimed. These companies are focusing on developing new products, expanding their product portfolios, and investing in research and development to stay ahead in the competitive market.
The prospects for the bone cement and glue industry are promising, with the increasing aging population, rising incidences of traumatic injuries and bone-related disorders, and technological advancements in orthopedic surgery. With more emphasis on minimally invasive surgeries and better patient outcomes, the demand for bone cement and glue is expected to grow further in the future.
In conclusion, the bone cement and glue industry is a crucial part of the orthopedic surgery sector, providing critical solutions that improve patient outcomes. With the continued growth of the industry, more people will have access to bone cement and glue, leading to improved health and medical outcomes for patients worldwide.
The SWOT analysis of the Bone Cement and Glue industry is as follows:
Strengths:
Increasing demand: The bone cement and glue industry is witnessing a surge in demand due to the growing aging population, rising incidence of osteoporosis, and the increasing number of orthopedic surgeries.
Technological advancements: Advancements in technology have resulted in the development of innovative products that offer improved patient outcomes, driving growth and expanding market share.
Established market: The bone cement and glue industry has an established market with many well-known global manufacturers, which provides a foundation for growth and expansion.
Weaknesses:
Limited awareness: Some potential consumers may not be aware of the benefits of bone cement and glue, leading to limited growth potential in untapped markets.
Dependence on regulatory compliance: The industry is highly regulated, making it challenging for new players to enter the market without meeting strict compliance requirements.
Opportunities:
Emerging markets: Emerging economies present an untapped market for bone cement and glue, which can be harnessed by investing in marketing strategies that target these regions.
Rising demand for minimally invasive surgery: The increasing demand for minimally invasive surgeries presents an opportunity for bone cement and glue manufacturers to develop new products that cater to this segment of the market.
Threats:
Intense competition: The bone cement and glue industry faces competition from established manufacturers and new entrants, which may affect sales and revenue.
Stringent regulatory environment: Regulatory changes and requirements can significantly impact the industry, leading to compliance issues and hindering expansion efforts.
Key players in global Bone Cement and Glue market include:
Stryker
Zimmer Biomet
Arthrex
DePuy Synthes
Smith and Gephew
DJO Global
Triumph
Exactech
CryoLife
Heraeus Medical
Cardinal Health
Teknimed
Market segmentation, by product types:
Bone Glue
Bone Cement
Market segmentation, by applications:
Vertebroplasty
Kyphoplasty
Arthroplasty
Other
Summary:
Get latest Market Research Reports on Bone Cement and Glue. Industry analysis & Market Report on Bone Cement and Glue is a syndicated market report, published as Global Bone Cement and Glue Market Report 2018-2029. It is complete Research Study and Industry Analysis of Bone Cement and Glue market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.