What Is The Forecast Growth Rate For The Orthopedic Biomaterials Market?
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The global orthopedic biomaterials market size is expected to grow from $16.9 billion in 2022 to $18.62 billion in 2023 at a compound annual growth rate (CAGR) of 10.2%. The market size of global orthopedic biomaterials is expected to grow from $29.69 billion in 2027 at a CAGR of 12.4%.
Orthopedic biomaterials are materials used in devices to replace or repair body tissues like bones, cartilage, ligaments, tendons, etc.
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Orthopedic Biomaterials Market Driver
Increased musculoskeletal disorder prevalence is set to propel the orthopedic biomaterials market. The World Health Organization (WHO) reports musculoskeletal conditions as a major global disability contributor, affecting 20-33% of the population and leading to joint, ligament, and tendon discomfort. Musculoskeletal conditions worsen with age, aligning with sustainable development goals (SDGs) and the Decade of Healthy Ageing 2020–2030. Biomaterials are crucial in treating these disorders, thus driving the orthopedic biomaterials market.
Orthopedic Biomaterials Market Trends
Recent progress in orthopedic biomaterials includes 3D printing for implants. This technology crafts custom medical equipment, like complex structures matching patient anatomy. 3D-printed orthopedic implants create anatomically accurate shapes and porous bone scaffolds, promoting natural bone regeneration and implant reliability.
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Major Players And Regions 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.).
North America was the largest region in the orthopedic biomaterials market in 2022.
Orthopedic Biomaterials Market Segmentation By The Business Research Company
The global orthopedic biomaterials market is segmented –
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
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 Orthopedic Biomaterials 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
The Orthopedic Biomaterials Market Global Market Report 2023 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 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.
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