Japan Orthopedic Bone Cement Market Size & Outlook
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Japan orthopedic bone cement market highlights
- The Japan orthopedic bone cement market generated a revenue of USD 20.6 million in 2023 and is expected to reach USD 36.3 million by 2030.
- The Japan market is expected to grow at a CAGR of 8.5% 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.
Orthopedic bone cement market data book summary
| Market revenue in 2023 | USD 20.6 million |
| Market revenue in 2030 | USD 36.3 million |
| Growth rate | 8.5% (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, Japan accounted for 3.2% 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 |
|---|---|---|---|---|
| Enovis Corp | View profile | 6550 | 2711 Centerville Road, Suite 400, Wilmington, DE, United States, 19808 | https://www.enovis.com |
| Smith & Nephew PLC | View profile | 18452 | Hatters Lane, Building 5, Croxley Park, Watford, Hertfordshire, United Kingdom, WD18 8YE | https://www.smith-nephew.com |
| DePuy Synthes | View profile | 5001-10000 | Raynham, Massachusetts, United States, North America | https://depuysynthes.com |
| Zimmer Biomet Holdings Inc | View profile | 18000 | 345 East Main Street, Warsaw, IN, United States, 46580 | https://www.zimmerbiomet.com |
| Stryker Corp | View profile | 52000 | 1941 Stryker Way, Portage, MI, United States, 49002 | https://www.stryker.com |
Japan 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 73.3% in 2023. Horizon Databook has segmented the Japan 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.
Japan accounted for 22.7% of the Asia Pacific market in 2016 and is expected to witness lucrative growth during the forecast period. This growth can be attributed to favorable reimbursement framework in Japan.
Reimbursement for orthopedic procedures that use bone cement is expected increase the number of surgeries being performed, which is likely to propel the market growth. According to data published by NCBI, geriatric population is expected to increase from 14.9 million in 1990 to 32.7 million in 2020.
Increase in geriatric population is expected to lead to a rise in adoption of bone cement as the elderly are prone to several orthopedic disorders, which is anticipated to drive market growth.
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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 Japan orthopedic bone cement market, including forecasts for subscribers. This country databook contains high-level insights into Japan orthopedic bone cement market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan orthopedic bone cement market size, by product, 2018-2030 (US$M)
Japan Orthopedic Bone Cement Market Share, 2023 & 2030 (US$M)
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