Bone Cement Delivery Systems: Current Landscape, Growth Opportunities and Future Market Outlook
According to a study conducted by the International Osteoporosis Foundation (IOF), more than 200 million individuals around the world suffer from osteoporosis. In fact, a total of 8.9 million fractures per year are attributed to osteoporosis. The annual socioeconomic burden associated with this condition is estimated to be around USD 19 billion and EUR 37 billion, in the US and Europe, respectively. Over time, bone cement delivery systems have become widely popular in diverse types of orthopaedic surgeries / procedures. There are many benefits of using such devices, including ease-of-use, targeted and controlled delivery of bone cements, integrated safety mechanisms, and an almost negligible risk of injury to patients.
I have highlighted below some of the most interesting insights from our study. You can also access additional details here.
Driven by the growing demand for orthopedic procedures that require bone cements, industry stakeholders are engaged in the development of a variety of innovative bone cement delivery systems for different types of surgical applications
A variety of proprietary bone cement delivery systems are used for various orthopedic surgeries; during regulatory review, such products are considered to be moderate risk devices
Majority of the companies focused on developing bone cement delivery systems are based in developed regions; the market is fragmented featuring the presence of both established players, as well as new entrants / small firms
Over time, several non-profit organizations have extended financial support for research efforts in this domain; the current focus is on developing advanced types of bone cements and affiliated delivery systems
These systems are being assessed for diverse orthopedic procedures across multiple clinical trials; a number of clinical trial end points are under evaluation
More than 13,000 patents have been granted / filed related to bone cement delivery systems over the last several years, establishing a strong portfolio of intellectual property within this industry
Presently, North American companies seem to be consolidating their presence indigenously by acquiring more players; key value drivers behind such acquisitions include product and geographical expansion
The global demand for bone cement delivery systems is presently driven by hip / knee arthroplasty surgeries; in future, kyphoplasty and vertebroplasty surgeries are anticipated to increase at a relatively faster pace
The overall market for bone cement delivery systems is poised to grow at a steady pace over the coming decade; the opportunity is likely to be well-distributed across various application areas, end-users and regions
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