A report by ARC estimated that the orthopedic biomaterials market will surpass $26 billion by 2026, representing an average annual growth rate of 10 percent from 2019 to 2026. The report provides analysis of global Orthopedic Biomaterials market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.
Organic or synthetic biomaterials used for inner fracture fixation are biological materials of biological structure. For many orthopedic apps, biomaterial systems are frequently referred to as’ Implants.’ These biomaterials assist to restore the structural integrity of the bone damaged by trauma or diseases. Prior to its use in orthopedic apps, the biocompatibility of the material is the main factor to consider. The selection of material, the suitable structure, the stabilization and several properties, such as hardness, depend on the achievement of biomaterials in biological applications.
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A major factor driving the market is the increased prevalence of degenerative joint diseases and musculoskeletal disorders. Moreover, the growing geriatric population, which is prone to orthopedic circumstances owing to low bone density and the development of illnesses associated with bone, is anticipated to increase the product supply over the forecast era.
Due to the increasing demands for these products owing to its elevated pressure intensity, ceramics & bioactive glass were the dominant product type category in 2018. Furthermore, ceramic & bioactive glass biomaterials have an excellent affinity to integrate with the surface material of the bone than their counterparts. Due to the high use of these materials for the reconstruction and fixation of the spine, hip and knee, the polymer biomaterial segment is expected to be the fastest CAGR between 2019 and 2026.
The implementation segment was resulted by orthopedic implants in 2018 and is anticipated to continue in dominance over the forecast period. One of the main variables driving development in this section is an increasing amount of instances of trauma. From 2019 to 2026, the fastest CAGR in the sector of orthobiology is expected to be 10.5%. Increasing use of biomaterial for spinal and other reconstructive surgeries in different orthobiological applications is expected to lead to development in this section.
A increasing market in America is the North American market in orthopedic biomaterials. The region of America is divided into North America and South America on a regional basis. The US and Canada are divided into North America. The growing incidence of various orthopedic procedures, along with the growing elderly population, is likely to speed up the market. In addition, increased awareness of biodegradable products, increased healthcare and rising demand for sophisticated medicines and products, together with increased public assistance, is probable to increase the development of North America’s orthopedic biomaterials industry. For example, in 2016, around 1.61.040 joint substitution procedures took place in the United States, according to the American Joint Replacement Registry.
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The fastest-growing market is anticipated in Asia Pacific. The increase in chronic diseases is the main driving force behind the development of the industry. As the population increases, China is the fastest growing area due to an increasing number of patients. The market in this region is driven by increasing awareness of the safety and access to fresh therapy techniques. The development of the biomaterial orthopedics industry in Asia-Pacific is driven by higher healthcare expenses and increased living standards.
Middles of consciousness, restricted access, and the accessibility of therapy services are anticipated to demonstrate the slower development in the market for the Middle East and Africa. Due to the increased health care spending and the general development in the healthcare situation, the United Arab Emirates is the biggest market in the Middle East.
Due to a big patient pool and elevated awareness of the use of biologically absorbable biomaterials, North America accounted for the biggest income share in 2018.
Due to the enhanced use of this biomaterial for the reconstruction of the damaged tissue and fixation surgeries and joint replacement surgery, ceramics and the bioactive glass segment resulted the market in 2018.
Due to an increase in the world’s trauma instances, orthopedic implants were the most important application category in 2018.
Key Players & Strategies
With a few smaller respondents, the worldwide sector is oligopolistic in nature. Some vital companies operating in this market include DePuy Synthes Inc.; DSM Biomedical; Stryker Corp.; Invibio Ltd.; AdvanSource Biomaterials Corp.; Zimmer Biomet; Globus Medical; Matexcel; Exactech, Inc.; CAM Bioceramics B.V.; Evonik Industries AG; and Heraeus Holding.
Market Segment Analysis:
Acumen Research report focuses on market attractiveness by assessing the key market segments. The report also combines region-wise segments for a better understanding of the supply and demand ratio of the global orthopedic biomaterials market. This exclusive study of the report analyzes the present and future market scenario and the industry trends that are influencing the growth of the segments. Besides, the report also covers the value chain analysis, supply chain analysis, and year-on-year basis analysis of the global orthopedic biomaterials market.
Market, By Material Type
- Calcium Phosphate Cements
- Ceramics & Bioactive Glasses
Market, By Application
- Joint Replacement/Reconstruction
- Orthopedic Implants
- Bio-resorbable Tissue Fixation
Market Regional Analysis:
Based on the regions, the global orthopedic biomaterials market is segmented into -North America (US and Canada), Europe (UK, Germany, France, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea and Rest of Asia-Pacific), Latin America (Mexico, Brazil and Rest of Latin America), Middle East & Africa (GCC, South Africa and Rest of MEA)
Key Questions Answered in the Report
The report addresses key questions concerning the market evolution and overarching trends shaping global market growth. Some of the key questions answered in the report include-
– What is the overall structure of the market?
– What was the historical value and what is the forecasted value of the market?
– What are the key product level trends in the market?
– What are the market level trends in the market?
– Which of the market players are leading and what are their key differential strategies to retain their stronghold?
– Which are the most lucrative regions in the market space?
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