Orthopedic Biomaterials Market (By Material Type: Polymers, Calcium Phosphate Cement, Composites, Metal, Ceramics and Bioactive Glasses; By Application: Orthobiologics, Orthopedic Implants, Viscosupplementation, Joint Replacement, Bio-resorbable Tissue Fixation; By End User)- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2022-2030

According to Nova one advisor, the global Orthopedic Biomaterials market size is expected to hit around USD 212.9 billion by 2030 from valued at USD 73.20 billion in 2021 and growing at a CAGR of 12.60% from 2022 to 2030.

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Key Takeaways:

  • North America accounted for the largest revenue share in 2021 owing to large patient pool and high awareness regarding the use of bio-resorbable biomaterials
  • Ceramics and bioactive glass segment led the market in 2021 owing to increased usage of these biomaterials for the restoration of damaged tissue and fixation surgeries and joint replacement surgeries
  • Orthopedic implants was the dominant application segment in 2021 due to an increased number of trauma cases worldwide

Increasing incidence of degenerative joint disease and musculoskeletal disorders is the key factor driving the market. In addition, increasing geriatric population susceptible to orthopedic conditions arising due to low bone density and advancing bone related disorders is expected to boost the product demand over the forecast period.

Ceramics & bioactive glass was the dominant material type segment in 2018 on account of growing demand for these materials due to their high compression strength. In addition, ceramics & bioactive glass biomaterials are preferred over their counterparts as they have a high affinity to integrate with the surface material of the bone. However, polymer biomaterial segment is expected to witness the fastest CAGR from 2019 to 2025 owing to high usage of these materials for the reconstruction and fixation procedures of the spine, hip, and knee.

Orthopedic implants led the application segment in 2018 and are expected to remain dominant over the forecast period. Increasing number of trauma cases is one of the major factors driving the growth of this segment. Orthobiologics segment is anticipated to witness the fastest CAGR of 10.8% from 2019 to 2025. Increasing adoption of biomaterials in various orthobiologics for the treatment of spinal and other reconstructive surgeries is anticipated to drive the growth of this segment.

Led by U.S. North America led the market in 2018 owing to high demand for joint replacement/reconstruction, bone repair, and, other orthopedic procedures due to the presence of target population. Moreover, rise in the demand for advanced treatment options coupled with increasing awareness about bio-resorbable products is expected to drive the product demand in future.

Report Scope of the Orthopedic Biomaterials Market

Report Coverage

Details

Market Size

USD 212.9 Billion by 2030

Growth Rate

CAGR of 12.60% from 2022 to 2030

Largest Market

North America

Fastest Growing Market

Asia Pacific

Base Year

2021

Forecast Period

2022 to 2030

Segments Covered

Material, Application, End User and Region,

Companies Mentioned

Acumed, LLC, Medtronic plc, Globus Medical, Inc., Stryker Corporation, Koninklijke DSM N.V., Exactech, Inc., Johnson & Johnson, Zimmer Biomet, Wright Medical Group, Inc., NuVasive, Inc.

Material Type Insights

Based on the material type, the market is classified into ceramics & bioactive glass, polymers, calcium phosphate cement, metal, and composites. The ceramics & bioactive glass segment led the market in 2021 owing to the increased adoption of ceramics in the repair of hard tissues in various procedures. On the other hand, the polymer segment is anticipated to witness the fastest CAGR from 2022 to 2030 on account of the extensive use of polymers as bone cement and load bearing surfaces for total joint arthroplasties. In addition, the availability of advanced polymers and biopolymers for various applications like orthobiologic and bio-resorbable tissue fixation has surged the demand for polymers globally.

Application Insights

On the basis of application, the market is segmented into orthopedic implants, joint replacement/reconstruction, orthobiologics, viscosupplementation, and bio-resorbable tissue fixation. In 2021, orthopedic implants emerged as the dominant segment and is expected to maintain its dominance throughout the forecast period. Rising incidences of disc degenerative conditions and bone fractures coupled with increasing trauma cases are expected to boost the product demand in this segment.

The orthobiologics segment is expected to register the fastest CAGR of 10.8% over the forecast period owing to the increasing number of bone repair and reconstruction surgeries worldwide as a result of the rise in the obesity and trauma cases. According to the statistics published by the WHO, about 4.3 million people die each year due to road traffic crashes across the globe, out of which 95% of the total fatalities on the roads occur in low- and middle-income countries.

Regional Insights

On the basis of region, the orthopedic biomaterials market is segmented into North America, Europe, Asia Pacific, Latin America, and MEA. North America dominated the market in 2021 and is estimated to expand further at a lucrative CAGR over the forecast period. This growth can be attributed to the rise in the number of patients requiring knee replacement, reconstruction, and other joint-related orthopedic procedures. Quick adoption of advanced products for bone void filling and implant load-bearing purpose is anticipated to drive the regional market further.

Asia Pacific is expected to be the fastest-growing regional market at a CAGR of 14.8% over the forecast period. Key factors driving the regional market include the rising prevalence of bone degenerative diseases and bone disorders in low- and middle-income countries. Moreover, continuously increasing healthcare expenditure coupled with improving healthcare infrastructure is expected to serve as a high-impact rendering driver to the market in this region.

Some of the prominent players in the Orthopedic Biomaterials Market include:

  • Acumed, LLC
  • Medtronic plc
  • Globus Medical, Inc.
  • Stryker Corporation
  • Koninklijke DSM N.V.
  • Exactech, Inc.
  • Johnson & Johnson
  • Zimmer Biomet
  • Wright Medical Group, Inc.
  • NuVasive, Inc.

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Nova one advisor, Inc. has segmented the global Orthopedic Biomaterials market

By Material Outlook

  • Polymers
  • Ceramics & Bioactive Glasses
  • Calcium Phosphate Cement
  • Composites
  • Metal

By Application Outlook

  • Orthobiologics
  • Orthopedic Implants
  • Viscosupplementation
  • Joint Replacement
  • Bio-resorbable Tissue Fixation

By End User

  • Hospitals
  • Orthopedic Clinics
  • Others

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa (MEA)

Key Benefits for Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the global Orthopedic Biomaterials industry analysis from 2022 to 2030 to identify the prevailing Orthopedic Biomaterials industry opportunity.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the global Orthopedic Biomaterials industry segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global Orthopedic Biomaterials industry trends, key players, market segments, application areas, and market growth strategies.

Report Detail

  • Report Code:7547
  • No. of Pages:150+
  • Format:PDF/PPT/Excel

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