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Orthopedic Bone Cement and Casting Materials MarketOrthopedic Bone Cement and Casting Materials Market - Industry Analysis, Size, Share, Growth, Trends and Forecast to 2024

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Orthopedic bone cement is made from polymethyl methacrylate (PMMA) and is used in implant fixation post orthopedic surgery. It is called cement as it holds the implant and the bone together by creating tight space. There are different types of bone
ORTHOPEDIC BONE CEMENT AND
CASTING MATERIALS MARKET
Global Industry Insights, Trends, Outlook, and
Opportunity Analysis, 2016–2024
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REPORT DESCRIPTION
Orthopedic Bone Cement and Casting Materials Market Overview
Orthopedic bone cement is made from polymethyl methacrylate (PMMA) and is used in implant
fixation post orthopedic surgery. It is called cement as it holds the implant and the bone
together by creating tight space. There are different types of bone cements such as calcium
phosphate cements and glass polyalkenoate cements that are used in orthopedic surgeries. Cast
is used to hold the bones in place post-injury as well as provide superior immobilization after
orthopedic surgery. Casts are made from two types of casting materials namely plaster and
fiberglass, with cotton and other synthetic materials used to instill soft padding to the bones.
There has been a growing demand for orthopedic bone cement and casting materials, especially
among the geriatric population as they are prone to developing bone fractures.
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Increasing aging population and growing prevalence of bone fractures will drive growth of the
market
Healthcare institutions across the world are facing the increasing burden of aging population
and as per the statistics provided by World Health Organization, the global population aged 85
years or more will increase by 351% in the following 40 years. Osteoporosis International Journal
estimated that 158 million people aged 50 years or above are highly prone to developing bone
fractures. The research further stated that the prevalence could double by 2040. The high
incidence of osteoporosis globally has been a major driving factor for orthopedic bone cement
and casting materials market.
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REPORT DESCRIPTION
Orthopedic bone cement and casting materials market is forecast to witness highest growth in the
Asia pacific region
North America and Europe represent major regions in the global orthopedic bone cement and casting
materials market. In the U.S., an estimated 1.5 million people are affected by fractures every year. As per
CDC report, an estimated 3.5 - 4.4 million people visit emergency department every year for diagnosing
fractures. The healthcare costs associated with the treatment of osteoporotic fractures is US$ 17 million
to US$ 20 billion on an annual basis. Europe is facing the burden of geriatric population and associated
joint fractures. Osteoporotic bone fractures create a disease burden of more than 1.75% on the
European Healthcare system. Additionally, the rise in incidence of obesity across North America and
Europe is adding to the existing cases of fractures which has made positive impact on the orthopedic
bone cement and casting materials market.
Asia Pacific region is anticipated to witness highest growth in the global market. China and India are
home to large patient pool with China estimated to witness an increase as significant percentage of total
population shifts to the geriatric population bracket. India is an untapped opportunity for key companies
with a patient pool of 26 million in 2010. The development in healthcare infrastructure and a large
underserved patient pool will drive the market for orthopedic bone cement and casting materials in Asia
pacific region.
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REPORT DESCRIPTION
The most critical site for fractures is known to be forearm with 1.7 million people developing
fractures at the site. As per International Osteoporosis Foundation, an estimated 8.9 million
fractures occur every year, which are attributed to osteoporosis and the disease affects more
than 75 million people in Europe, U.S. and Japan. The orthopedic bone cement and casting
materials market is projected to grow significantly as the prevalence of bone fractures increases
across developed and emerging countries.
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Inorganic growth a major focus area for key players in the market
The key players in the orthopedic bone cement and casting materials market are Zimmer
Biomet, Stryker Corporation, Smith & Nephew plc, DePuy Synthes, 3M Healthcare and BSN
Medical GmbH, among others. The top 5 companies represent the dominant market share,
making the market highly consolidated. The key companies are adopting strategies such as
geographic expansion, merger & acquisitions and product launch to extend their presence and
stay ahead of the competitors.
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