The geriatric population has been rising significantly across the region. The rise in the geriatric population in several countries is driven by the modernization of healthcare facilities and improvements in healthcare services, which has boosted the life expectancy in these countries. According to the data presented by the World Health Organization (WHO) in February 2018, the geriatric population is estimated to rise from 12% in 2015 to 22% by 2050. In addition, according to one report, the number of people in the region with age 65 and above is anticipated to grow from 46 million in 2016 to more than 98 million by 2060, their population share would increase from ~15% to ~24% during this period. By 2050, several countries will have approximately a quarter or more of their populations aged 60 and over. Moreover, countries such as Mexico would account for ~80% of this growth. The incidence rate of osteoporosis among the elderly population is high, and age is one of the important reasons for the occurrence of a spinal fracture. With growing age, bones become thinner and stronger. In osteoporosis disease, bones become weaker and are more likely to break. As the population ages, the demand for total knee osteoarthritis (TKA) is projected to increase among people in their eighties. Therefore, due to the increasing geriatric population and the surging incidence of osteoporosis, the North America bone cement market is anticipated to witness significant growth.
As COVID-19 became a pandemic, many health authorities focused on pandemic-related care and avoided human contact in reaction to growing transmission and strain on healthcare resources by postponing elective surgeries, suspending outpatient clinics, and triaging employees involved in urgent care. Furthermore, many countries imposed restrictions on nonclinical staff's access to the facility and guests. Orthopedic surgeons have seen major effects on their ability to offer timely and high-quality surgical care, training, and research due to these changes. Recent COVID-19 guidelines for pediatric orthopedic surgeons suggested focusing on urgent care and triaging cases to postpone elective surgeries and clinic appointments, with the transition to virtual-based care when appropriate. Even when hospitals resumed elective surgeries, cases were prioritized based on clinical urgency, causing severe delays in both regular and time-sensitive elective care for orthopedic patients. Like practicing physicians and their patients, medical trainees were also adversely affected by changes in healthcare delivery and education necessitated due to the COVID-19 pandemic. Remote learning-based curriculums were applied at medical schools across the US, resulting in a loss of collaborative experiences such as hands-on training, kinesthetic learning, real-time performance assessments, and interpersonal involvement. These lost learning opportunities could be detrimental to present students' education and future training.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America bone cement market. The North America bone cement market is expected to grow at a good CAGR during the forecast period.
North America Bone Cement Market Segmentation
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 461.44 Million |
| Market Size by 2028 | US$ 685.52 Million |
| CAGR (2021 - 2028) | 5.8% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
|
Regions and Countries Covered
|
|
| North America | US, Canada, Mexico |
| Market leaders and key company profiles |
|
The North America Bone Cement Market is valued at US$ 461.44 Million in 2021, it is projected to reach US$ 685.52 Million by 2028.
As per our report North America Bone Cement Market, the market size is valued at US$ 461.44 Million in 2021, projecting it to reach US$ 685.52 Million by 2028. This translates to a CAGR of approximately 5.8% during the forecast period.
The North America Bone Cement Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Bone Cement Market report:
The North America Bone Cement Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Bone Cement Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Bone Cement Market value chain can benefit from the information contained in a comprehensive market report.
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