Brazil Orthopedic Bone Cement Market Size & Outlook
Brazil orthopedic bone cement market, 2018-2030 (US$M)
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Brazil orthopedic bone cement market highlights
- The Brazil orthopedic bone cement market generated a revenue of USD 18.5 million in 2023 and is expected to reach USD 27.7 million by 2030.
- The Brazil market is expected to grow at a CAGR of 5.9% from 2024 to 2030.
- In terms of segment, polymethyl methacrylate (pmma) was the largest revenue generating material in 2023.
- Polymethyl Methacrylate (PMMA) is the most lucrative material segment registering the fastest growth during the forecast period.
Orthopedic bone cement market data book summary
| Market revenue in 2023 | USD 18.5 million |
| Market revenue in 2030 | USD 27.7 million |
| Growth rate | 5.9% (CAGR from 2023 to 2030) |
| Largest segment | Polymethyl methacrylate (pmma) |
| Fastest growing segment | Polymethyl Methacrylate (PMMA) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polymethyl Methacrylate (PMMA), Calcium phosphate, Glass Polyalkeonate |
| Key market players worldwide | Stryker Corp, Zimmer Biomet Holdings Inc, DePuy Synthes, Smith & Nephew PLC, Enovis Corp |
Other key industry trends
- In terms of revenue, Brazil accounted for 2.9% of the global orthopedic bone cement market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil orthopedic bone cement market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 21.1 million by 2030.
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Orthopedic Bone Cement Market Scope
Orthopedic Bone Cement Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil orthopedic bone cement market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to orthopedic bone cement market will help companies and investors design strategic landscapes.
Polymethyl methacrylate (pmma) was the largest segment with a revenue share of 74.59% in 2023. Horizon Databook has segmented the Brazil orthopedic bone cement market based on polymethyl methacrylate (pmma), calcium phosphate, glass polyalkeonate covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil accounted for 36.1% of the Latin America market in 2016. In 2014, the total healthcare expenditure of the country was 8.3% of the GDP. Hence, increase in healthcare expenditure by the government is expected to have a positive impact on market growth.
In addition, the growth of this market in Brazil can be attributed to the increase in geriatric population and disposable income. Improving patient awareness about these treatment options is expected to lead to the presence of a more knowledgeable pool of patients, which is further expected to drive the demand for orthopedic bone cement.
Moreover, Brazil’s trade agreements with North America, some European countries, and Japan is anticipated propel the orthopedic bone cement market and is expected to help the country maintain its dominant position.
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Our clientele includes a mix of orthopedic bone cement market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil orthopedic bone cement market, including forecasts for subscribers. This country databook contains high-level insights into Brazil orthopedic bone cement market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil orthopedic bone cement market size, by material, 2018-2030 (US$M)
Brazil Orthopedic Bone Cement Market Share, 2023 & 2030 (US$M)
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