Latin America Orthopedic Bone Cement Market Size & Outlook
Latin America orthopedic bone cement market, 2018-2030 (US$M)
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Latin America orthopedic bone cement market highlights
- The Latin America orthopedic bone cement market generated a revenue of USD 52.0 million in 2023.
- The market is expected to grow at a CAGR of 5.5% 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.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 52.0 million |
| Market revenue in 2030 | USD 75.8 million |
| Growth rate | 5.5% (CAGR from 2023 to 2030) |
| Largest segment | Polymethyl methacrylate (pmma) |
| Fastest growing segment | Polymethyl Methacrylate (PMMA) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 8.0% of the global orthopedic bone cement market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 158.8 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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Latin America 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 73.85% in 2023. Horizon Databook has segmented the Latin America 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.
Countries such as Brazil, Mexico, Argentina, and Uruguay are primary markets for orthopedic bone cement in Latin America. These countries have favorable reimbursement scenarios, which is expected to propel the growth of the market.
Furthermore, the presence of established orthopedic bone cement manufacturers in Latin America is anticipated to boost the market. Its proximity to North America and free trade agreements with countries such as the U.S., Japan, Canada, and some European countries, are likely to contribute to the growth of the Latin America orthopedic bone cement market during the forecast period.
The ending recession and increase in awareness about orthopedic bone cement are expected to result in the long-term growth of the market. In addition, increasing access to healthcare and aging population are factors likely to drive the growth of the market.
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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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America orthopedic bone cement market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America orthopedic bone cement market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America orthopedic bone cement market size, by country, 2018-2030 (US$M)
Latin America Orthopedic Bone Cement Market Share, 2023 & 2030 (US$M)
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