Market Challenges And Opportunities

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. 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.

However, increasing adoption of cementless knee primary total knee system is expected to hinder the market growth. For instance, on September 09, 2019, DePuy Synthes – a medical device company and a part of Johnson & Johnson, announced to launch the ATTUNE Cementless Knee Primary Total Knee System in a rotating platform option in select countries.