Global Orthopedic Biomaterials Market Outlook, Opportunities And Strategies
Learn about the global orthopedic biomaterials market through The Business Research Company, which provides information on orthopedic biomaterials market size, orthopedic biomaterials market drivers and restraints, orthopedic biomaterials market players, the COVID-19 impact on the orthopedic biomaterials market, and more.
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The global orthopedic biomaterials market is expected to grow from $11.25 billion in 2020 to $14.42 billion in 2021 at a compound annual growth rate (CAGR) of 28.2%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The orthopedic biomaterials market is expected to reach $21.42 billion in 2025 at a CAGR of 10%.
The rise in the incidence of musculoskeletal disorders is expected to drive innovation in orthopedic biomaterials manufacturing, thus driving the market during the forecast period.
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The orthopedic biomaterials market comprises of revenue generated by establishments from the manufacturing and sales of orthopedic biomaterials. Orthopedic biomaterials are materials intended to be inserted in the human body as constituents of devices designed to perform certain biological functions by either substituting or repairing various tissues, such as bones, cartilage, ligaments, tendons, and others.
Global orthopedic biomaterials market segments include:
By Material Type: Ceramics & Bioactive Glasses, Calcium Phosphate Cements, Polymers, Metal, Composites
By Application: Orthopedic Implants, Joint Replacement/Reconstruction, Bio-Resorbable Tissue Fixation, Orthobiologics, Viscosupplementation
By End-User: Hospitals, Clinics, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
3D printing of orthopedic implants is one of the recent developments 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.
TBRC’s orthopedic biomaterials market report covers:
Major Market Players: 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.).
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Orthopedic Biomaterials Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides orthopedic biomaterials market overviews, analyzes and forecasts market size, share, orthopedic biomaterials market players, orthopedic biomaterials market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s orthopedic biomaterials market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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