Global Bone Cement & Glue Market is anticipated to expand at a CAGR of 5.4% and reach US$ 2.2 billion by 2032

As per the most recent industry report released by Fact.MR, a prominent market research and competitive intelligence provider, the Bone Cement & Glue Market is valued at $1.3 billion in the year 2022.

These materials, including bone cement and glue, play a crucial role in the repair of fractured or diseased bones and joints. Available in various sizes and forms, these devices are crafted from materials such as metal, plastic, or ceramic. Bone glue is employed for joint mending, whereas bone cement is primarily used for the treatment of fractures.

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Bone cement is injected into the bone to provide support and stability, while bone glue is applied to the bone surface to hold it together. The significance of bone glue and cement lies in their ability to reinforce and stabilize fractured bones or unstable joints.

Osteoporosis manifests through bone tissue degradation and diminished bone density, predisposing individuals to fractures. The heightened susceptibility to fractures and the necessity for joint surgeries are exacerbated by osteoporosis. The escalating prevalence of osteoporosis has led to an upswing in bone cement sales and demand, fostering the growth of the market.

The burgeoning demand for arthroplasty is a notable trend, driven by the increased prevalence of osteotomy surgical procedures for joint treatment. Additionally, there is a growing need for bone glue as a therapeutic component in repairing musculoskeletal tissue sutures.

Key Insights from the Market Analysis:

The global bone cement & glue market is projected to reach $2.2 billion by 2032.
The German market is expected to advance at a CAGR of 4% through 2032.
The Canadian market is poised to expand at a CAGR of 4.5% during the forecast period (2022-2032).
The demand for bone glue is forecasted to surge at a CAGR of 3.5% from 2022 to 2032.

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Competitive Landscape

Enterprises operating in the bone cement & glue market are employing various strategies, including the development and introduction of new products, obtaining regulatory approvals, and expanding their business footprint.

As an example,

In 2021, Arthrex, Inc. and Celularity, Inc. entered into a distribution agreement to market and commercialize Celularity's placenta-derived biomaterial products for orthopedics and sports medicine in the U.S. According to the terms of the agreement, Celularity retained responsibility for product manufacturing and supply, while granting Arthrex exclusive commercial distribution rights for orthopedic surgery and sports medicine. This strategic move signifies the dynamic tactics being employed within the industry to enhance market presence and offerings.

Top Key Players
Exactech, Inc.
Teknimed
Arthrex, Inc.
CryoLife, Inc.
Stryker Corporation
DJO Global, Inc.
Heraeus Medical LLC
Cardinal Health, Inc.
Smith & Nephew PLC
DePuy Synthes
Trimph Pty Ltd
Zimmer Biomet Holdings, Inc.

Market Segmentations
By Type:
Bone Cement
Polymethyl Methacrylate (PMMA) Cement
Calcium Phosphate Cement (CPC)
Glass Polyalkenoate Cement (GPC)
Antibiotic-loaded Bone Cement
Non-antibiotic-loaded Bone Cement
Bone Glue
Natural Bone Glue
Synthetic Bone Glue

By Application:
Arthroplasty
Kyphoplasty
Vertebroplasty

By End User:
Hospitals
Clinics
Ambulatory Surgery Centers

Read More - https://www.globenewswire.com/news-release/2023/07/04/2698916/0/en/Bone-Cement-Glue-Market-to-Surpass-US-2-2-Billion-Expanding-at-5-4-CAGR-by-2032-Fact-MR-Analysis.html

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This release was published on openPR.