NEW YORK, Fev. 1, 2018 /PRNewswire/ — Read the full report: https://www.reportlinker.com/p05304237
The bone cement and glue market is expected to reach USD 1,322.6 million by 2022 from USD 993.0 million in 2017, at a CAGR of 5.9%. Factors driving the growth of this market include the increasing incidence of sports injuries, growth in geriatric population, developments in the field of regenerative medicine, and the growing number of road accidents and trauma cases are driving the growth of this market. On the other hand, inadequate reimbursement, high costs, and extensive clinical data requirements for launching new products are some factors expected to restrain the growth of this market to a certain extent during the forecast period
By type, the bone glue segment is anticipated to grow at the highest growth rate during the forecast period.
This market is categorized by type into bone cement and bone glue. The bone glue segment is estimated to grow at the fastest rate during the forecast period. The increasing number of fractures and orthopedic surgeries is driving the growth of this segment
The hospitals segment is expected to dominate the market during the forecast period.
By end user, the bone cement and glue market is segmented into hospitals, clinics/physician offices, and ambulatory surgery centers. The hospitals segment is expected to grow at the fastest rate during the forecast period. The rising number of orthopedic surgeries performed in hospitals and increasing number of hospitals in developing countries are the major factors driving the growth of this end-user segment.
Asia Pacific is estimated to grow at the highest CAGR during the study period.
In 2017, the bone cement and glue market was dominated by North America, followed by Europe. However, Asia Pacific is estimated to grow at the fastest rate during the forecast period. The growth of this segment can be attributed to the developing healthcare infrastructure, growing medical tourism, influx of international players, government initiatives to promote sports, and the growing geriatric population in the APAC countries.
The primary interviews conducted for this report can be categorized as follows:
• By Company Type – Tier 1 – 60%, Tier 2 – 20% and Tier 3 – 20%
• By Designation – C-level – 40%, Director-level – 20%, Others – 40%
• By Region – North America – 40%, Europe – 20%, Asia Pacific– 40%
The key players in the bone cement and glue market include Stryker Corporation (US), Zimmer Biomet (US), DePuy Synthes (US), Smith &