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The orthopedic biomaterials market is forecasted to achieve notable growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 11%, as per The Business Research Company’s market report!

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The Orthopedic Biomaterials Market Size In 2022 And Forecast

The global orthopedic biomaterials market is expected to grow from $15.34 billion in 2021 to $16.90 billion in 2022 at a compound annual growth rate (CAGR) of 10.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The orthopedic biomaterials market is expected to grow to $25.90 billion in 2026 at a CAGR of 11.3%.

The orthopedic biomaterials market comprises revenue generated by establishments from the manufacturing and sales of orthopedic biomaterials.

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Rise In The Incidence Of Musculoskeletal Disorders Is Driving The Growth Of The Orthopedic Biomaterials Market

According to the World Health Organization (WHO) report, musculoskeletal conditions are the leading contributor to disability worldwide. About 20-33% of the population suffer from a musculoskeletal disability. Musculoskeletal disorders induce fractures, swelling, and discomfort in the joints, ligaments, and tendons that cause movement disabilities. The burden of musculoskeletal conditions is known to increase with age. The sustainable development goals (SDGs) and the Decade of Healthy Ageing 2020–2030 have called for increased global attention and action on musculoskeletal health. Biomaterials are used to treat these disorders. Hence, the incidence of musculoskeletal disorders is projected to drive the orthopedic biomaterials market.

Competitive Landscape And The Regional Analysis Of The Orthopedic Biomaterials Market

Major players in the orthopedic biomaterials market are Zimmer Biomet Holdings Inc., Stryker Corporation, Victrex PLC (Invibio Ltd.), Globus Medical Inc., CAM Bioceramics B.V., Heraeus Holding GmbH, Exactech Inc., Collagen Matrix Inc., Evonik Industries AG, and Koninklijke DSM N.V. (DSM Biomedical B.V.).

The Orthopedic Biomaterials Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the orthopedic biomaterials market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the orthopedic biomaterials market.

3D Printing Of Orthopedic Implants – A Key Trend In The Orthopedic Biomaterials Market

3D printing technology is used to produce a large range of medical equipment, such as those with complicated structures or characteristics to suit a patient’s particular anatomy. 3D printing of orthopedic implants enables the design of more natural anatomical shapes, as well as the design of porous bone replacement scaffolds that can be easily integrated into the design of the implant. This allows natural bone regeneration to generate higher reliability of the implant. 3D printing of orthopedic implants is a trend in the orthopedic biomaterial market that is attracting many players.

Orthopedic Biomaterials Market Segmentation By The Business Research Company
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, Orthobiologics, Viscosupplementation
3) By End-User: Hospitals, Clinics, Other End-Users

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