Global Orthopedic Biomaterial Market Forecast to 2028
The study on the global market for Orthopedic Biomaterial examines historical as well as current data and does a thorough analysis of market dynamics. The important market growth-boosting and limiting factors that are projected to affect market growth throughout the forecast period are also covered in the report. The Global Orthopedic Biomaterial Market carries out market scenario research in order to forecast industry growth for the years 2021 to 2028. The study focuses on prospective growth prospects and constraints that the industry's market leaders might face during the forecast period.
The global orthopedic biomaterial market size is expected to reach USD 29.62 billion at a steady CAGR of 9.4% in 2028, according to the latest analysis by Emergen Research. Steady revenue growth in the orthopedic biomaterial market can be attributed to the rising incidence of musculoskeletal disorders. Musculoskeletal disorders are the primary causes of disability across the globe, with about 1.71 billion individuals currently suffering from them. Musculoskeletal disorders substantially restrict deftness and mobility, resulting in decreased well-being, reduced social participation, and early retirement from the job. Orthopedic biomaterials are in high demand owing to their use in regeneration, reconstruction, and repair applications of musculoskeletal disorders caused by falls, jerking movements, road accidents, fractures, and sports injuries to prevent traumatic tissue damage or loss.
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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Orthopedic Biomaterial market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Companies Profiled in the Report are:
Evonik Industries AG, Zimmer Biomet, Matexcel, Globus Medical, Stryker Corporation, DSM Biomedical, Invibio Ltd., CAM Bioceramics BV, DePuy Synthes, and ExaTech Inc
Research Report on the Orthopedic Biomaterial Market Addresses the Following Key Questions:
- Who are the dominant players of the Orthopedic Biomaterial market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Orthopedic Biomaterial market?
- What are the key growth drivers and restraining factors of the Orthopedic Biomaterial market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Orthopedic Biomaterial market and its key segments?
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Some Key Highlights in the Report
- In March 2020, Evonik Industries AG made an announcement about the development of an innovative osteoconductive PEEK biomaterial, which may be used to enhance bone fusion with an implant.
- Ceramic biomaterials are garnering significant traction in the market, attributed to their biocompatibility and improved corrosion resistance. Ceramic biomaterials find application to promote the regeneration of bones or replace bones. Additionally, nano-bioceramics holds vast potential in tissue regeneration and restoration of physiological functions of the human body.
- Orthopedic biomaterials in bio-resorbable tissue fixation find wide use to treat fractures and other orthopedic disorders due to various benefits such as elimination of procedures involving hardware removal, restriction of stress-shielding, and gradual load transfer to healing fractured tissues.
- Orthopedic biomaterials market revenue in Asia Pacific is expected to register the fastest CAGR during the forecast period attributed to rising incidence of chronic orthopedic conditions and increasing investments in healthcare infrastructure development in developing economies. Additionally, rising disposable income and growing demand for novel orthopedic surgical solutions are fueling market growth in the region.
Market Segmentations of the Orthopedic Biomaterial Market
This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2021 and 2028. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Orthopedic Biomaterial market on the basis of product, application, and region:
Segments Covered in this report are:
- 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 Landscape section of the Orthopedic Biomaterial report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key reasons to buy the Global Orthopedic Biomaterial Market report:
- The latest report comprehensively studies the global Orthopedic Biomaterial market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
In conclusion, the Orthopedic Biomaterial Market report is an exhaustive database that will help readers formulate lucrative strategies. The Orthopedic Biomaterial Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
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