China Orthopedic Bone Cement Market Size & Outlook
China orthopedic bone cement market, 2018-2030 (US$M)
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China orthopedic bone cement market highlights
- The China orthopedic bone cement market generated a revenue of USD 18.3 million in 2023 and is expected to reach USD 31.1 million by 2030.
- The China market is expected to grow at a CAGR of 7.9% 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 18.3 million |
| Market revenue in 2030 | USD 31.1 million |
| Growth rate | 7.9% (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, China accounted for 2.8% 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 Asia Pacific, Japan orthopedic bone cement market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 36.3 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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China 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 73.77% in 2023. Horizon Databook has segmented the China 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.
Some of the factors driving growth of the orthopedic bone cement market in China are rising disposable income, urbanization, and improved healthcare facilities. In addition, the increase in public expenditure has resulted in the reduced out-of-pocket payments for patients and is expected to increase the demand for the orthopedic bone cement.
Moreover, constant increase in the elderly population is also anticipated to lead to a rise in the demand for orthopedic bone cement in this country. China had an elderly population of about 200 million people in 2013, which is expected to reach 360 million by 2030.
This is likely to increase the demand for orthopedic bone cement, resulting in market growth in this region. Another factor propelling market growth in China is the increase in number of injuries that have to be treated as cities have become more congested, which has led to a rise in number of road accidents.
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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 China orthopedic bone cement market, including forecasts for subscribers. This country databook contains high-level insights into China orthopedic bone cement market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China orthopedic bone cement market size, by material, 2018-2030 (US$M)
China Orthopedic Bone Cement Market Share, 2023 & 2030 (US$M)
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