Bone cement market to grow by $523.1m through 2028
Its expansion is attributed to an increase in orthopaedical surgical procedures.
The global bone cement market is projected to rise by $523.1m until 2028 at a compound annual growth rate of 5.82%, according to Technavio.
The sector’s expansion is driven by an increase in orthopaedic surgical procedures amidst the growing prevalence of associated disorders due to a rise in trauma causes.
Procedures such as open-transforaminal lumbar interbody fusion have seen increased utilisation of bone cement to reduce hospitalisation costs. However, challenges remain due to product-related complications, including infections, allergic reactions, and nerve impingement.
Meanwhile, the market is experiencing a shift towards the adoption of bioresorbable materials within its formulations due to their ability to degrade gradually and be absorbed by the body.
“This offers several advantages over traditional non-resorbable cement, including promoting natural bone healing and remodelling, eliminating the need for implant removal surgeries, and reducing long-term complications,” the report said.
Furthermore, minimally invasive surgeries and robotic-assisted procedures are emerging as cost-effective alternatives to traditional methods for addressing orthopaedic conditions.