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2024-2033 Orthopedic Biomaterials Market Growth Rate: What’s the Forecast?

The market size for orthopedic biomaterials has seen a swift expansion in recent times. It is projected to rise from $18.62 billion in 2023 to $20.51 billion in 2024, showcasing a Compound Annual Growth Rate (CAGR) of 10.2%. The historical growth rate can be accounted to advancements in technology, increased spending on health care, expansion of healthcare facilities, and economic progression.

The market for orthopedic biomaterials is forecasted to experience a swift expansion in the coming years, reaching a value of $34.03 billion in 2028 with a 13.5% compound annual growth rate (CAGR). This growth, predicted for the upcoming period, is largely due to the rising prevalence of obesity and arthritis, the fast-growing elderly population, and an uptick in joint replacement surgeries. Key market trends for this period consist of the production of implants via 3D printing, the creation of cutting-edge products, the development of intelligent biomaterial implants, and a focus on merger and acquisition pursuits. Strategic moves adopted by players in the orthopedic biomaterials market include investments in the expansion of their operations via unique product launches and in acquisitions and mergers to boost their service portfolio.

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What Drivers Are Accelerating the Growth of the orthopedic biomaterials Market?

The mounting prevalence of musculoskeletal problems is considered a key driver of the orthopedic biomaterials market. Musculoskeletal ailments, which cause worldwide disability, affect approximately 20-33% of the global populace, as per the World Health Organization (WHO). These disorders cause fractures, swelling, and discomfort in the joints, ligaments, and tendons, which limit mobility. Notably, musculoskeletal issues worsen with age. Initiatives like the Sustainable Development Goals (SDGs) and the Decade of Healthy Ageing 2020–2030 are amplifying the global focus on musculoskeletal health. With biomaterials being employed in treating these disorders, the rising prevalence of musculoskeletal issues should bolster the orthopedic biomaterials market.

What Key Segments Can Be Identified in the Orthopedic Biomaterials Market?

1) By Material Type: Ceramics & Bioactive Glasses, Calcium Phosphate Cements, Polymers, Metal, Composites

2) By Application: Orthopedic Implants, Joint Replacement/Reconstruction, Bio-Resorbable Tissue Fixation, Other Applications

3) By End-User: Hospitals, Clinics, Other End-Users

What Trends Are On the Rise in the Orthopedic Biomaterials Market?

The emergence of 3D printed orthopedic implants represents a recent innovation in the orthopedic biomaterials market. This cutting-edge technology is being utilized to manufacture various medical devices, including those with intricate structures or specialized features to accommodate a patient’s unique anatomy. The use of 3D printing in developing orthopedic implants allows for the creation of more anatomically accurate forms as well as the possibility of designing porous bone replacement scaffolds which can be seamlessly incorporated into the implant design. This promotes natural bone healing, leading to increased dependability of the implant. The trend of 3D printing orthopedic implants is capturing the attention of numerous entities within the orthopedic biomaterial market. For example, Evonik, a chemicals company based in Germany, has invested in Meditool, a Chinese 3D printed implant start-up that generates models and implants leveraging the polyether ketone (PEEK) polymer supplied by Evonik.

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What Regions Are Steering Growth in the Orthopedic Biomaterials Sector?

North America was the largest region in the orthopedic biomaterials market in 2023. Western Europe was the second largest region in the orthopedic biomaterials market report. The regions covered in the orthopedic biomaterials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Orthopedic Biomaterials Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the orthopedic biomaterials market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Orthopedic Biomaterials Market Include

1. Orthopedic Biomaterials Market Executive Summary

2. Orthopedic Biomaterials Market Segments

3. Orthopedic Biomaterials Market Size And Template Market Growth Rate

4. Key Orthopedic Biomaterials Market Trends

5. Major Orthopedic Biomaterials Market Drivers

……

25. Key Mergers And Acquisitions In The Orthopedic Biomaterials Market

26. Top Orthopedic Biomaterials Companies

27. Orthopedic Biomaterials Market Opportunities And Strategies

28. Orthopedic Biomaterials Market, Conclusions And Recommendations

29. Appendix

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