Orthopedic Biomaterials Market Trend – Increasing Number of Knee Reconstruction Surgeries Across the Globe

Increasing incidence of musculoskeletal disorders, rising geriatric population across the globe, and growing awareness about advanced treatments and orthopedic surgeries are some key factors expected to drive global Orthopedic Biomaterials market revenue growth.

According to Emergen Research, the global orthopedic biomaterials market size was USD 14.39 billion in 2020 and is expected to reach USD 29.62 billion in 2028 and register a steady CAGR of 9.4% during the forecast period, 2021-2028.

Market Dynamics:

Orthopedic biomaterials are widely used in the healthcare sector for restoration of the structural integrity of the bones damaged due to diseases, sports injuries, or trauma. These devices are incorporated into the human body for performing various biological functions by replacing or repairing tissues, cartilages, ligaments, and tendons among others. Orthopedic biomaterials are mainly made out of polymers, ceramics & bioactive glasses, composites, metals, and calcium phosphate and are widely used for spine replacement, tissue fixation, joint replacements, and orthobiologics. The orthopedic biomaterials are in high demand owing to rising prevalence of musculoskeletal disorders, bone fracture, deterioration of natural joints, or other musculoskeletal problems.

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Factors such as rapid advancements in orthopedic biomaterials, increasing demand for advanced products across hospitals, specialty clinics, and ambulatory care centers, rising number of orthopedic surgeries, and increasing focus on developing advanced orthopedic devices and biomaterials are expected to drive global market revenue growth during the forecast period. However, high costs associated with orthopedic impacts, problems with dissemination of debris, mechanical failure of bone cement, and unfavorable reimbursement scenario in developing as well developed countries are some key factors that can hamper overall market growth to a certain extent during the forecast period.

COVID-19 Impact Analysis

• Social distancing and restrictions severely disrupted businesses and operations
• Lockdowns caused disruptions in transportation and logistics
• Impacted manufacturing activities and mining operations globally
• Took a toll on economy of various countries
• Caused sudden and drastic downturn in economic activity
• Disrupted agriculture, fisheries, dairy, and other sectors
• Caused loss of employment and financial crisis
• Supply impacts were further compounded owing to reduced disposable income
• Emergence of variants continue to cause concerns and impact normal routines

Joint Reconstruction/Replacement Segment To Register Rapid Revenue Growth:

The joint reconstruction/replacement segment is expected to register rapid revenue growth over the forecast period. This can be attributed to increasing prevalence of arthritis and musculoskeletal ailments, rising demand for orthopedic biomaterials owing to rising orthopedic surgeries, and rising elderly population across the globe.

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Hospitals Segment to Account for Significantly Larger Revenue Share:

The hospital segment is expected to account for a significantly larger revenue share during the forecast period. Factors such as increasing prevalence of musculoskeletal disorders worldwide, rising number of hospital admissions due to road accidents and trauma cases, improving healthcare infrastructure, and rising demand for advanced orthopedic biomaterials in hospitals to cater to rising patient admissions are expected to drive revenue growth of the segment during the forecast period.

North America to Lead In Terms of Revenue Share:

North America is expected to account for largest revenue share in the global market between 2021 and 2028 owing to factors such as increasing prevalence of orthopedic diseases across the geriatric population, presence of well-established healthcare infrastructure and other facilities, rapid adoption of advanced devices and treatment, and increasing investments in R&D activities.

Major Companies in the Market Include:

• Evonik Industries AG
• Zimmer Biomet
• Matexcel
• Globus Medical
• Stryker Corporation
• DSM Biomedical
• Invibio Ltd.
• CAM Bioceramics BV
• DePuy Synthes
• ExaTech Inc.

Scope of Orthopedic Biomaterials Research

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For the purpose of this report, Emergen Research has segmented the global orthopedic biomaterial market on the basis of material type, application, end-use, and region:

Material Type Outlook (Revenue, USD Billion; 2018–2028)

• Polymers
• Ceramics & Bioactive Glasses
• Composites
• Metals
• Calcium Phosphate

Application Outlook (Revenue, USD Billion; 2018–2028)

• Orthopedic Implants
• Orthobiologics
• Joint Reconstruction/Replacement
• Bio-resorbable Tissue Fixation
• Visco Supplementation

End-Use Outlook (Revenue, USD Billion; 2018–2028)

• Hospitals
• Specialty Clinics
• Ambulatory Surgical Centers

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Regional Outlook (Revenue, USD Billion; 2018–2028)

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • U.K.
  • BENELUX
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Rest of LATAM
• Middle East & Africa
  • Saudi Arabia
  • U.A.E.
  • South Africa
  • Turkey
  • Rest of MEA

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