The new report by Expert Market Research titled, ‘Global Orthopaedic Biomaterials Market Size, Share, Growth, Report and Forecast 2023-2028’, gives an in-depth analysis of the global orthopaedic biomaterials market, assessing the market based on its segments like applications, types, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2020): USD 13.25 Billion
- Forecast CAGR (2023-2028): 10.4%
The growing geriatric population is driving the worldwide orthopedic biomaterials market. The market is also fueled by an increase in the number of trauma cases resulting from accidents, falls, and sports. Other factors driving the industry’s growth include the rising number of orthopedic surgeries such as joint arthroplasty, joint reconstruction, and viscosupplementation.
Orthopaedic Biomaterials Industry Definition and Major Segments
Orthopedic biomaterials are biologically made up of organic or synthetic materials that help restore the structural integrity of bones that have been damaged by trauma or disease. It’s also used to heal interior fractures.
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Based on applications, the market can be segmented into:
- Orthopaedic Implants
- Joint Replacement/Reconstruction
- Orthobiologics
- Viscosupplementation
- Bio-Resorbable Tissue Fixation
Based on the type of orthopaedic materials, the market can be divided into:
- Ceramics and Bioactive Glass Biomaterials
- Polymers Biomaterials
- Calcium Phosphate Cement
- Metal Biomaterials
- Composites
On the Basis of region, the market can be divided into:
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East and Africa
Orthopaedic Biomaterials Market Trends
North America is the leading market because of the increasing number of patients requiring knee replacement, reconstruction, and other orthopedic procedures, as well as the adoption of improved products for bone void filling and implant load-bearing. As a result of the increased incidence of degenerative bone disorders in low-income nations, rising healthcare expenditure, and building healthcare infrastructure, Asia Pacific is the fastest-growing orthopedic biomaterials market.
Key Market Players
The major players in the market are DSM Biomedical (OTCMKTS: RDSMY), Evonik Industries AG, Stryker Corporation, Zimmer Biomet, DePuy Synthes, Invibio Ltd, CAM Bioceramics B.V., Globus Medical, Exactech, Inc., and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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