Global Bone Cement Mixing Devices Market - Introduction
Bone cement is paste like substance which is injected as substitute for the missing bone. After certain period it get broken down and eventually get replaced by bone. Bone cement mixing devices are used to improve the strength and mechanical properties of the cement and reduce the risk of cement failure in arthroplasty. These are closed vacuum systems used to reduce porosity of the mixed cement. Combination of different bone cements is used in orthopedic surgery and total hip replacement.
Global Bone Cement Mixing Devices Market - Competitive Landscape
The global bone cement mixing devices market is highly fragmented due to presence of large number of players. A large number of players hold significant share of the market in respective regions. Prominent players operating in the global bone cement mixing devices market are Stryker, Teknimed, Heraeus Holding, Zimmer Biomet, Armstrong Medical, OSARTIS GmbH, and Medline Industries, Inc. These players focus on developing new products. New product launch, approvals, and acquisitions in the past three years have driven the global market. In March 2018, Heraeus Holding introduced new product in PALACOS portfolio along with two mixing systems: PALABOWL and PALAMIX. In October 2017, Stryker acquired VEXIM, a medical device company. This acquisition enabled Stryker to accelerate the expansion of the business globally. In March 2017, Stryker received FDA approval for AutoPlex mixing and delivery system. This system is designed for reduction of fracture and creation of void cellular bone in spine.
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Founded in 1927, Zimmer Biomet is a prominent player in the medical devices market, catering to customers present in the musculoskeletal health care segment. The company manufactures and markets orthopedic reconstructive products, sports medicine, biologics, extremities & trauma products; spine, bone healing, craniomaxillofacial & thoracic products, and dental implants and related surgical products. The company offers a complete portfolio of modern cementing techniques including product of delivery and mixing, pressurization, and bone bed preparation.
Established in 1941 and headquartered in Michigan, the U.S., Stryker is a leading medical technology company that provides innovative products and services in the areas of orthopedics, medical & surgical, neurotechnology, and spine. The company offers bone cement mixer under the orthopedic disposable segment.
Founded in 1990, Teknimed engaged in the design, development, and manufacture of products for orthopedics, spine, and sports medicine. Bone cement mixer offered by the company is designed to inject and mix medium viscosity bone cements and is used during bone augmentation procedures.
Global Bone Cement Mixing Devices Market - Dynamics
Surge in obesity and geriatric population
Increasing number of geriartic population and obesity leads to surge in incidence of osteoarthritis in knee joints and hips. Moreover, obesity leads to joint problems such as tear diseases and soft tissue damage. According to the United Nations, by 2050, population aged over 60 is likely to account for 20% of the global population, of these 15% will have osteoarthritis.
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Increase in number of minimally invasive procedures
Inclination toward minimally invasive procedures is likely fuel the growth of the global bone cement mixing devices market. Bone cement is widely used in minimally invasive procedures for the treatment of collapsed vertebrae and spinal fracture. Moreover, it has application in vertebroplasty. According to the National Inpatient Sample, an estimated 680,150 total knee replacement and 370,700 total hip replacement procedures were performed in 2014.
Global Bone Cement Mixing Devices Market - Segmentation
The global bone cement mixing devices market can be segmented based on mixing technique, viscosity, end-user, and region.
In terms of mixing technique, the global bone cement mixing devices market can be divided into:
- Open Bowl Mixing
- Closed Bowl Mixing
- Vacuum Mixing
- Bag and Hand Mixing
- Cartridge Mixing
Based on viscosity, the global bone cement mixing devices market can be classified into:
- Medium Viscosity Bone Cements
- Higher Viscosity Bone Cements
In terms of end-user, the global bone cement mixing devices market can be categorized into:
- Ambulatory Surgical Centers
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.