Global Orthopedic Biomaterials Market By Material Type (Emergency Care, Short-Term Stabilization, Trauma Care, Acute care surgery and Other Conditions) By Application (Orthopedic Implants, Joint Replacements, Bio-resorbable Tissue Fixation, Orthobiologics and Visco Supplementation)
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Market Report Description
The Global Orthopedic Biomaterials Market size is expected to reach $20.4 billion by 2025, rising at a market growth of 10.2% CAGR during the forecast period. The increased demand for orthopedic biomaterials of the next generation, designed to satisfy the need for a targeted orthopedic procedure, has strengthened global business growth. Regarding these products, on the other hand, restricted reimbursement insurances coupled with decreasing reimbursement for orthopedic implants has hampered the market growth in multiple nations. Furthermore, the inability to repay producers has created pressure on them to reduce the rates of those products and thereby limiting the market growth.
Global Orthopedic Biomaterials Market Size
Orthopedic biomaterials are synthetic or organic materials of biologic composition. These materials are used to internally fix the fracture. Biomaterial devices that are engineered for a huge number of orthopedic applications are widely termed as ‘Implants’. These help in re-establishing the structural stability of the injured bone caused by trauma or diseased conditions. The market of orthopedic biomaterials includes bone graft replacements, growth factors, cell therapy, orthopedic stem cells, visco supplementation of hyaluronic acid, cartilage repair, and bone allografts. The industry of orthopedic biomaterials includes artificial, inorganic or synthetic materials. These materials can be implanted into or near the indicated bone for healing purposes, stimulating augmentation in bone tissue, offsetting for the damage of bone tissue and restoring the structure for repair.
Global Orthopedic Biomaterials Market Share
Based on Material Type, the market is segmented into Emergency Care, Short-Term Stabilization, Trauma Care, Acute care surgery and Other Conditions. Based on Application, the market is segmented into Orthopedic Implants, Joint Replacements, Bio-resorbable Tissue Fixation, Orthobiologics and Visco Supplementation. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. The Asia-Pacific region is projected to grow at a rapid pace over the forecast period. This trend can be attributed to the influence of key factors like the increased prevalence of bone disorders and bone degenerative diseases in low- and middle-income countries. Increased incidence of bone degenerative diseases and bone disorder in low-and middle-income nations are key variables influencing the global economy. Also, growing expenses on health care and enhancing health infrastructure are anticipated to be a high-impact growth factor in the region.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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.). Companies are focusing on innovative strategies to compete in the market space. For instance, in November 2018, Stryker (US) acquired K2M Group Holdings, Inc. for expansion of its instruments which are used in orthopedics. In March 2019, Exactech (US) purchased XpandOrtho for the expansion of ExactechGPS® Computer-Assisted surgery system.
Scope of the Orthopedic Biomaterials Market Analysis
By Material Type
- Ceramics & Bioactive Glasses
- Calcium Phosphate Cements
- Orthopedic Implants
- Joint Replacements
- Bio-resorbable Tissue Fixation
- Visco Supplementation
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA
- 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
- Koninklijke DSM N.V. (DSM Biomedical B.V.)
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