ORTHOPEDIC BONE CEMENT AND CASTING MATERIALS MARKET ANALYSIS

Regional Analysis

Orthopedic bone cement and casting materials market is forecast to witness highest growth in the Asia pacific region

North America and Europe represent major regions in the global orthopedic bone cement and casting materials market. In the U.S., an estimated 1.5 million people are affected by fractures every year. As per CDC report, an estimated 3.5 - 4.4 million people visit emergency department every year for diagnosing fractures. The healthcare costs associated with the treatment of osteoporotic fractures is US$ 17 million to US$ 20 billion on an annual basis. Europe is facing the burden of geriatric population and associated joint fractures. Osteoporotic bone fractures create a disease burden of more than 1.75% on the European Healthcare system. Additionally, the rise in incidence of obesity across North America and Europe is adding to the existing cases of fractures which has made positive impact on the orthopedic bone cement and casting materials market.

Asia Pacific region is anticipated to witness highest growth in the global market. China and India are home to large patient pool with China estimated to witness an increase as significant percentage of total population shifts to the geriatric population bracket. India is an untapped opportunity for key companies with a patient pool of 26 million in 2010. The development in healthcare infrastructure and a large underserved patient pool will drive the market for orthopedic bone cement and casting materials in Asia pacific region.