The Bone Cement Market is driven by rising orthopedic surgeries
The bone cement market is widely used in orthopedic surgeries to fill gaps or cavities that are present between an artificial joint, such as a hip or knee replacement, and the bone. Bone cement provides important functions like fixing prosthetic joints firmly in place and protecting bone tissue from wear and tear. It fills irregular spaces between the implant and bone, adding stability to the implant. The global orthopedic procedures have increased significantly over the past few years owing to rising geriatric population, prevalence of orthopedic diseases and improvement in reimbursement policies. As per data, over 1 million hip and knee replacement procedures are performed annually in the United States.
The bone cement market is estimated to be valued at USD 997.1 Mn in 2024 and is expected to reach USD 1,534.5 Mn by 2031, growing at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2031.
Geographic expansion into emerging markets of Asia Pacific and Latin America will offer lucrative growth opportunities for Bone Cement Market manufacturers. Improving access to elective surgeries and rising medical tourism are encouraging factors.
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