Global Orthopedic Biomaterials Market by Material Type (Polymers, Ceramics & Bioactive Glasses), by Application (Orthopedic Implants, Orthobiologics) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global orthopedic biomaterials market was valued at USD 11.96 Billion in 2018. It is expected to grow at a CAGR 10.3% during the forecast period. The market is experiencing an increase in the number of chronic skeletal and musculoskeletal disorders, which is driving the demand for products. This will be boosted by the increasing number of geriatrics, who are highly vulnerable to these conditions.

According to the U.S. Census Bureau data, the number of people 65 and older has increased by 1.6 millions between 2014 and 2015. Another factor driving the increasing demand for orthopedic biomaterials is the rise in trauma cases due to falls, accidents, and sports. The risk of injury is rising as more people engage in recreational and sport activities.

According to National Health Statistics Reports in 2016, 213 million Americans 6 and over participated in fitness and sports activities in 2015. This is an increase from the 209 million who did so in 2014. This market is seeing an increase in orthopedic surgeries such as joint arthroplasty, reconstruction and viscosupplementation.

The market has grown due to the increasing demand for next-generation orthotic biomaterials that are tailored-made for specific orthopedic procedures. However, the market has been hampered by a lack of reimbursement options and declining reimbursements for orthotic implants in different countries. The market growth has also been impeded by the inability to get reimbursements.

Material Type Insights

The market can be divided into four segments based on its material type: ceramics & Bioactive Glass, polymers and calcium phosphate cement. Metal, composites, and metal. In 2018, the ceramics & Bioactive Glass segment dominated the market due to increased use of ceramics for the repair of hard tissue in different procedures. The fastest CAGR is expected to be seen in the polymer segment from 2019-2025 due to the widespread use of polymers for bone cement and load bearing surface for total joint arthroplasties. Globally, there is a surge in demand for advanced polymers and biopolymers that can be used for many applications such as orthobiologic and bioresorbable tissue fixation.

Application Insights

On the basis of application, the market is segmented into orthopedic implants, joint replacement/reconstruction, orthobiologics, viscosupplementation, and bio-resorbable tissue fixation. Orthopedic implants emerged as the dominant market segment in 2018, and it is expected to continue its dominance over the forecast period. This segment is expected to see an increase in the number of bone fractures and disc degenerative conditions, as well as increasing trauma cases.

The orthobiologicssegment 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. The WHO estimates that approximately 1.3 million people are killed each year in road accidents worldwide. 93% of these fatalities occur in low and middle income countries.

Regional Insights

The market for orthopedic biomaterials can be divided by region into North America and Europe, Asia Pacific, Latin America and MEA. The market was dominated by North America in 2018, and it is expected to grow at a substantial CAGR during the forecast period. This is due to an increase in patients who need knee replacement or reconstruction. The regional market will be driven further by the rapid adoption of innovative products for bone void filling, and implant load-bearing purposes.

Asia Pacific will be the fastest-growing region market with a CAGR at 11.8% during the forecast period. The rising incidence of bone diseases in low- and mid-income countries is one of the key drivers for the region's market. This market will be driven by a steady increase in healthcare spending and an improved healthcare infrastructure.

Market Share Insights & Key Companies

Globally, the industry is oligopolistic with only a few regional players. DSM Biomedical, Evonik Industries AG, Stryker Corp., DePuy Synthes Inc., Zimmer Biomet, Invibio Ltd., Globus Medical, Exactech, Inc., Matexcel, AdvanSource Biomaterials Corp., CAM Bioceramics B.V., and Heraeus Holding are some of the key players in this market.

Orthopedic Biomaterials Market Report Scope

The Report Covers Certain Segments

This report predicts revenue growth at all levels, including the country, regional and global. It also provides analysis of industry trends for each sub-segment from 2014 to 2025. Grand View Research has divided the global orthopedic biomaterials industry report by material type, region, and application.

• Material Type Outlook (Revenue USD Million, 2014-2025)

  • Ceramics & Bioactive Glasses

  • Polymers

  • Calcium Phosphate Cement

  • Metal

  • Composites

• App Outlook (Revenue USD Million, 2014-2025)

  • Orthopedic Implants

  • Joint Replacement/Reconstruction

  • Orthobiologics

  • Viscosupplementation

  • Bio-resorbable Tissue Fixation

• Regional Outlook (Revenue USD Million, 2014-2025)

  • North America

    • The U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • Spain

    • France

    • Italy

    • Russia

  • Asia Pacific

    • China

    • Japan

    • India

    • South Korea

    • Singapore

    • Australia

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • MEA

    • South Africa

    • Saudi Arabia

    • UAE

These are the most frequently asked questions about this report

b. Global orthopedic biomaterials market was valued at USD 13,067.25 Million in 2019. It is projected to grow to USD 14,309.01 Million in 2020.

b. Global orthopedic biomaterials markets are expected to grow at 10.3% compound annual growth rate between 2019 and 2025, reaching USD 23,472.0 millions by 2025.

b. With a 31.7% share in 2019, ceramics and bioactive glass biomaterials were the dominant market for orthopedic biomaterials. This can be attributed to ceramics being used in different procedures for the repair of hard tissue.

b. DSM Biomedical, Evonik Industries AG, Stryker Corp., DePuy Synthes Inc., Zimmer Biomet, Invibio Ltd., Globus Medical, Exactech, Inc., Matexcel, AdvanSource Biomaterials Corp., CAM Bioceramics B.V., and Heraeus Holding are some of the key players in the orthopedic biomaterials industry.

b. The market growth is being driven by two key factors: increasing the prevalence of musculoskeletal disorders and chronic skeletal conditions. This drives the demand for orthopedic biomaterials, which in turn boosts the market growth.

Up Market Research published a new report titled “Orthopedic Biomaterials Market research report which is segmented by Material Type (Polymers, Ceramics & Bioactive Glasses), by Application (Orthopedic Implants, Orthobiologics), By Players/Companies 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, the rising prevalence of bone degenerative diseases and bone disorders in low- and middle-income countries Moreover”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Orthopedic Biomaterials Market Report Segments:

The market is segmented by Material Type (Polymers, Ceramics & Bioactive Glasses), by Application (Orthopedic Implants, Orthobiologics).

Orthopedic Biomaterials Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Orthopedic Biomaterials Market

Overview of the regional outlook of the Orthopedic Biomaterials Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Orthopedic Biomaterials Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Orthopedic Biomaterials Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Polymers

                2. Ceramics & Bioactive Glasses

                1. Orthopedic Implants

                2. Orthobiologics

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Orthopedic Biomaterials Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Orthopedic Biomaterials Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.