July 07, 2022 02:30 ET | Source: GlobalData Plc GlobalData Plc
LONDON, July 07, 2022 (GLOBE NEWSWIRE) -- The “Bone Cement Market Size (Value, Volume, ASP) by Segments, Share, Trend and SWOT Analysis, Regulatory and Reimbursement Landscape, Procedures, and Forecast, 2015-2030” report offered by GlobalData Plc discusses in detail the impact of COVID-19 on bone cement devices market for the year 2020 and beyond through robust methodologies and sources. The bone cement market estimates were built considering the usage of bone cement in joint reconstruction and trauma fixation procedures.
Cemented knee replacement is widely acknowledged as the gold-standard total knee replacement procedure globally. Despite growing interest in cementless and hybrid designs, GlobalData expects the use of bone cement in knee replacement procedures will remain the standard through the forecast period.
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Increased prevalence of osteoarthritis (OA), rheumatoid arthritis (RA), and osteoporosis, and growing fracture incidence are contributing to an increased need for bone cement globally. A growing global trend of health consciousness also increases the incidence of fracture, triggered by increased physical activity, recreational sports, and exercise. Additionally, the rise of osteoporosis and OA leads to more fractures. Finally, data show that a considerable number of falls are by individuals over the age of 65, a population that is increasing in most markets, leading to increased primary and revision hip replacement procedures. Bone cement trends are dependent on trends in hip replacement, knee replacement, and trauma fixation procedures.
Impact of COVID-19 on Bone Cement Market
The bone cement market has been affected severely due to the rapid increase of COVID-19 cases. COVID-19 has led to a significant decrease of elective procedures, resulting in huge revenue loss for the industry in the first half of the year. However, the market starts recovering gradually in the second half of the year, with a shift in the numbers of elective surgeries performed in ambulatory surgery centers in some countries.
Bone Cement Market Segment Analysis
Bone Cement Market Share, by Segment
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Bone Cement Market Analysis by Region
Bone Cement Market Share, by Region
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Leading Companies in the Bone Cement Market
Bone Cement Market Share, by Leading Companies
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Bone Cement Market Report Scope
This market model gives important, expert insight you won’t find in any other source. The model illustrates qualitative and quantitative trends within the specified market. This model is required reading for:
What was the bone cement market size in 2021? The bone cement market size was estimated at $716.9 million in 2021.
What are the key segments in the bone cement market? The key segments in the bone cement market are antibiotic bone cement, and nonantibiotic bone cement.
What are the key regions in the bone cement market? The key regions in the bone cement market are Asia Pacific, Europe, Middle East and Africa, North America, and Central and South America.
Which are the leading companies in the bone cement market? Some of the leading companies in the bone cement market are Stryker Corp, Zimmer Biomet Holdings Inc, Johnson & Johnson, Heraeus Holding GmbH, Colflax Corp, Tecres SPA, and others.
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