Market Overview:
The Global Bone Cerclage Band System Market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing incidence of bone fractures, rising awareness about bone cerclage band system and technological advancements in the field of orthopedics. Based on type, the market is segmented into UHMWPE fibers, monofilament and metal. The UHMWPE fibers segment is expected to grow at a higher CAGR during the forecast period as compared to other segments owing to its superior properties such as high strength-to-weight ratio and resistance against wear and tear. Based on application, the market is segmented into shoulder surgery, sternal surgery and hip surgery. The shoulder surgery segment is estimated to account for a major share of the global bone cerclage band system market in 2018 owing to increasing number of surgeries performed for rotator cuff tears globally.
Product Definition:
The Bone Cerclage Band System is a device that helps to stabilize the bones and joints. It is used to treat fractures, joint instability, and other orthopedic conditions. The Bone Cerclage Band System is important because it helps to keep the bones and joints stable and prevents further injury.
UHMWPE Fibers:
UHMWPE fibers are ultra-high molecular weight polyethylene, which is a type of polymer. It has been used in surgical sutures and as bone cement for bone fracture repair. The product is now being studied to be used in spinal fusion surgery due to its osteoconductive properties and less inflammatory response compared with titanium dioxide or ceramic materials.
Monofilament:
Monofilament is a type of synthetic or artificial fiber that has one main body with several cross-sectional fibers. The most common types of monofilaments used in bone cerclage band systems are polyethylene, nylon and polypropylene. Monofilaments have high tensile strength and durability which makes them an ideal choice for manufacturing bone cerclage band systems.
Application Insights:
The hip surgery segment dominated the market in 2017 and is expected to witness significant growth over the forecast period. The rising number of geriatric population, which is prone to various bone disorders, is one of the major factors driving this segment. According to a study published by Osteopore in 2018, it was found that around 54% of total hip replacement surgeries are performed on patients aged 65 years or above. In addition, due to increasing cases of obesity and other bone disorders across the globe, there has been a rise in demand for minimally invasive surgeries which cerclage band system falls under. These aforementioned factors are anticipated to boost product demand over the forecast period.
Shoulder surgery segment held around 15% share of global revenue in 2017 owing to high prevalence of rotator cuff injuries and other shoulder problems among adults as well as children globally.
Regional Analysis:
North America dominated the global bone cerclage band system market in 2017. The region is expected to maintain its dominance over the forecast period as well owing to increasing prevalence of osteoporosis and other joint-related disorders, rising awareness about advanced surgical procedures, availability of skilled doctors and high healthcare expenditure. In addition, favorable reimbursement policies are also propelling growth in this region. For instance, under Medicare Part A & B covers up to 80% of the total cost for CABG surgery with implantation of a bone cerclage band system implant or without it (if ceramic device is not available).
Asia Pacific market was valued at USD X million in 2017.
Growth Factors:
- Increasing incidence of bone fractures and osteoporosis
- Growing demand for minimally invasive surgeries
- Rising geriatric population
- Technological advancements in bone cerclage band system market
- increasing healthcare expenditure
Scope Of The Report
Report Attributes
Report Details
Report Title
Bone Cerclage Band System Market Research Report
By Type
UHMWPE Fibers, Monofilament, Metal
By Application
Shoulder Surgery, Sternal Surgery, Hip Surgery
By Companies
Arthrex, Ortholog, Kinamed, SURGIVAL, ImplanTec, DePuy Synthes
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
187
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Bone Cerclage Band System Market Report Segments:
The global Bone Cerclage Band System market is segmented on the basis of:
Types
UHMWPE Fibers, Monofilament, Metal
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Shoulder Surgery, Sternal Surgery, Hip Surgery
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Arthrex
- Ortholog
- Kinamed
- SURGIVAL
- ImplanTec
- DePuy Synthes
Highlights of The Bone Cerclage Band System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- UHMWPE Fibers
- Monofilament
- Metal
- By Application:
- Shoulder Surgery
- Sternal Surgery
- Hip Surgery
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bone Cerclage Band System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bone cerclage band system (BCBS) is a surgical procedure that uses elastic bands to secure fractured bones. The bands are placed around the fracture site and tightened over time, which helps to reduce the risk of further fractures and restores stability to the bone. BCBS is typically used in cases where traditional surgery or medication isn't effective or appropriate.
Some of the key players operating in the bone cerclage band system market are Arthrex, Ortholog, Kinamed, SURGIVAL, ImplanTec, DePuy Synthes.
The bone cerclage band system market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bone Cerclage Band System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Bone Cerclage Band System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bone Cerclage Band System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Bone Cerclage Band System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Bone Cerclage Band System Market Size & Forecast, 2020-2028
4.5.1 Bone Cerclage Band System Market Size and Y-o-Y Growth
4.5.2 Bone Cerclage Band System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 UHMWPE Fibers
5.2.2 Monofilament
5.2.3 Metal
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Shoulder Surgery
6.2.2 Sternal Surgery
6.2.3 Hip Surgery
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bone Cerclage Band System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bone Cerclage Band System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 UHMWPE Fibers
9.6.2 Monofilament
9.6.3 Metal
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Shoulder Surgery
9.10.2 Sternal Surgery
9.10.3 Hip Surgery
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 UHMWPE Fibers
10.6.2 Monofilament
10.6.3 Metal
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Shoulder Surgery
10.10.2 Sternal Surgery
10.10.3 Hip Surgery
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 UHMWPE Fibers
11.6.2 Monofilament
11.6.3 Metal
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Shoulder Surgery
11.10.2 Sternal Surgery
11.10.3 Hip Surgery
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 UHMWPE Fibers
12.6.2 Monofilament
12.6.3 Metal
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Shoulder Surgery
12.10.2 Sternal Surgery
12.10.3 Hip Surgery
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 UHMWPE Fibers
13.6.2 Monofilament
13.6.3 Metal
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Shoulder Surgery
13.10.2 Sternal Surgery
13.10.3 Hip Surgery
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bone Cerclage Band System Market: Competitive Dashboard
14.2 Global Bone Cerclage Band System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Arthrex
14.3.2 Ortholog
14.3.3 Kinamed
14.3.4 SURGIVAL
14.3.5 ImplanTec
14.3.6 DePuy Synthes
