Global bone cement market size | Analysis and Forecast to 2025
The bone cement market is segmented by type, application and end user. On the basis of type, the global bone cement market is segmented into polymethyl methacrylate (PMMA) cement, calcium phosphate cement (CPC) and glass polyalkenoate cement (GPC) and others. Based on application, the market is segmented into arthroplasty, kyphoplasty and vertebroplasty. On the basis of end user, the global bone cement market is categorized as hospitals, ambulatory surgical centers and clinics. The bone cement market is estimated to account for US$ 1414.1 Mn by the end of 2025, escalating at a CAGR of 5.4% during the forecast period from 2018 to 2025, rising from US$ 927.3 Mn in 2017. The growth of the bone cement market is primarily attributed to the rising geriatric population, increasing prevalence of osteoporosis, and rapid growth in the number of various orthopedic procedures such as arthroplasty, kyphoplasty. For instance, according to the American Academy of Orthopaedic Surgeons, in 2014, 4.7 million Americans were living with artificial knees. In addition, 1.5% and 0.8% of American population had Total Knee Replacement (TKR) and Total Hip Replacement respectively. This is expected to Global bone cement market size | Analysis and Forecast to 2025