Product Code: ETC7549878 | Publication Date: Sep 2024 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India orthopedic bone cement market import shipment demonstrated robust growth with a CAGR of 22.3% from 2020 to 2024. The growth rate between 2023 and 2024 further accelerated by 9.5%, indicating a strong upward momentum. The market significantly expanded, showcasing a consistent and upward trend over the period.
The India Orthopedic Bone Cement Market is witnessing steady growth due to the rising prevalence of orthopedic conditions such as arthritis and osteoporosis, coupled with an increasing aging population. The market is primarily driven by the growing number of orthopedic surgeries, particularly joint replacement procedures. Factors such as technological advancements in bone cement products, the availability of a wide range of products from both domestic and international manufacturers, and the improving healthcare infrastructure in India are contributing to market expansion. Additionally, the rising awareness about the benefits of orthopedic bone cement in reducing post-operative complications and facilitating quicker recovery is fueling market demand. Key players in the India Orthopedic Bone Cement Market include Stryker Corporation, Zimmer Biomet Holdings, Inc., and Smith & Nephew plc, among others.
The India Orthopedic Bone Cement Market is witnessing significant growth due to the increasing prevalence of orthopedic disorders and the rising elderly population in the country. The market is experiencing a shift towards advanced cement formulations that offer better bonding strength and reduced chances of implant loosening post-surgery. Additionally, the growing adoption of minimally invasive procedures and the rise in orthopedic surgeries are driving the demand for orthopedic bone cement in India. Opportunities in the market lie in the development of innovative products with enhanced properties for better patient outcomes, strategic collaborations between manufacturers and healthcare providers, and the expansion of distribution networks to reach underserved regions in the country. Overall, the India Orthopedic Bone Cement Market is poised for continued growth and innovation in the coming years.
In the India Orthopedic Bone Cement Market, some challenges include pricing pressure due to the presence of numerous local manufacturers offering lower-priced products, regulatory hurdles and quality control issues related to the manufacturing process, and limited awareness among healthcare professionals about the benefits and applications of bone cement in orthopedic surgeries. Additionally, the market faces competition from alternative technologies such as 3D printing and biodegradable implants, which may impact the demand for traditional bone cement products. Moreover, the lack of standardized reimbursement policies for orthopedic procedures in India can also pose a challenge for manufacturers and healthcare providers looking to promote the use of bone cement in surgical interventions. Addressing these challenges will require innovative strategies, strong regulatory compliance, and effective market education initiatives.
The India Orthopedic Bone Cement Market is primarily driven by the increasing prevalence of orthopedic conditions such as osteoarthritis, fractures, and joint injuries due to factors like aging population, sedentary lifestyles, and sports-related injuries. Additionally, advancements in orthopedic surgeries and techniques have led to a rising demand for orthopedic bone cement as it aids in stabilizing implants and facilitating the healing process. The growing awareness about the benefits of minimally invasive procedures and the expanding healthcare infrastructure in India are also contributing to the market growth. Furthermore, the increasing investments in research and development for the development of innovative bone cement products and the rising adoption of orthopedic surgeries across the country are expected to further propel the market in the coming years.
The Indian government has implemented various policies and regulations that impact the orthopedic bone cement market. The country`s regulatory body, the Central Drugs Standard Control Organization (CDSCO), oversees the approval and monitoring of medical devices, including orthopedic bone cement. Companies must adhere to the Medical Device Rules, which outline requirements for product registration, manufacturing standards, and post-market surveillance. Additionally, the government`s Make in India initiative encourages domestic manufacturing of medical devices, potentially boosting local production of orthopedic bone cement. These policies aim to ensure the quality and safety of orthopedic bone cement products in the Indian market while also promoting domestic manufacturing and innovation in the healthcare sector.
The India Orthopedic Bone Cement Market is expected to experience steady growth in the coming years due to an increasing prevalence of orthopedic conditions such as arthritis and osteoporosis, as well as a growing elderly population. The market is also likely to benefit from advancements in orthopedic surgical procedures and the adoption of minimally invasive techniques. Additionally, rising healthcare expenditure and improving healthcare infrastructure in India are anticipated to drive the demand for orthopedic bone cement products. However, challenges related to product recalls, regulatory issues, and competition from alternative treatments may impact market growth. Overall, the India Orthopedic Bone Cement Market is poised for expansion, driven by the rising demand for orthopedic procedures and increasing awareness about bone health among the population.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Orthopedic Bone Cement Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Orthopedic Bone Cement Market Revenues & Volume, 2021 & 2031F |
3.3 India Orthopedic Bone Cement Market - Industry Life Cycle |
3.4 India Orthopedic Bone Cement Market - Porter's Five Forces |
3.5 India Orthopedic Bone Cement Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 India Orthopedic Bone Cement Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing incidence of orthopedic conditions and surgeries in India |
4.2.2 Growing elderly population with a higher risk of orthopedic issues |
4.2.3 Technological advancements in orthopedic bone cement products |
4.2.4 Rising awareness and demand for minimally invasive orthopedic procedures |
4.3 Market Restraints |
4.3.1 Limited reimbursement policies for orthopedic procedures in India |
4.3.2 High cost associated with orthopedic bone cement products |
4.3.3 Lack of skilled healthcare professionals in orthopedic surgeries |
4.3.4 Stringent regulatory requirements for orthopedic bone cement market in India |
5 India Orthopedic Bone Cement Market Trends |
6 India Orthopedic Bone Cement Market, By Types |
6.1 India Orthopedic Bone Cement Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Orthopedic Bone Cement Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 India Orthopedic Bone Cement Market Revenues & Volume, By Hospitals, 2021- 2031F |
6.1.4 India Orthopedic Bone Cement Market Revenues & Volume, By Ambulatory Surgical Centers (ASCs), 2021- 2031F |
6.1.5 India Orthopedic Bone Cement Market Revenues & Volume, By Specialty Clinics, 2021- 2031F |
7 India Orthopedic Bone Cement Market Import-Export Trade Statistics |
7.1 India Orthopedic Bone Cement Market Export to Major Countries |
7.2 India Orthopedic Bone Cement Market Imports from Major Countries |
8 India Orthopedic Bone Cement Market Key Performance Indicators |
8.1 Adoption rate of advanced orthopedic bone cement technologies in India |
8.2 Number of orthopedic surgeries performed using bone cement products |
8.3 Patient satisfaction rates post orthopedic surgeries |
8.4 Rate of complications and revisions in orthopedic procedures using bone cement |
8.5 Market penetration of orthopedic bone cement products by different manufacturers |
9 India Orthopedic Bone Cement Market - Opportunity Assessment |
9.1 India Orthopedic Bone Cement Market Opportunity Assessment, By Type, 2021 & 2031F |
10 India Orthopedic Bone Cement Market - Competitive Landscape |
10.1 India Orthopedic Bone Cement Market Revenue Share, By Companies, 2024 |
10.2 India Orthopedic Bone Cement Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |