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Orthopedic Biomaterials Global Market Report 2024 - By Report, Share, Size, Demand, Outlook By 2033
Orthopedic Biomaterials Market
The orthopedic biomaterials market size is expected to see rapid growth in the next few years. It will grow to $34.03 billion in 2028 at a compound annual growth rate (CAGR) of 13.5%. The growth in the forecast period can be attributed to increased prevalence of obesity and arthritis conditions, rapid growth in the geriatric population and increase in joint replacement surgical procedures . Major trends in the forecast period include manufacturing implants using 3d printing technology, developing new innovative products, developing smart biomaterials implants, and on merger and acquisition activities. player-adopted strategies in the orthopedic biomaterials market include investing in expanding operations through innovative product launches, and in acquisitions and mergers to strengthen their service offerings.
Market Overview -
Orthopedic biomaterials are materials intended to be inserted into 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.
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Rising Musculoskeletal Disorder Incidence Fuels Growth Of The Orthopedic Biomaterials Market
The rise in the incidence of musculoskeletal disorders is expected to drive the orthopedic biomaterials market. According to the World Health Organization (WHO) report, musculoskeletal conditions are the leading contributor to disability worldwide. About 20-33% of the population suffer from a musculoskeletal disability. Musculoskeletal disorders induce fractures, swelling, and discomfort in the joints, ligaments, and tendons that cause movement disabilities. The burden of musculoskeletal conditions is known to increase with age. The sustainable development goals (SDGs) and the Decade of Healthy Ageing 2020-2030 have called for increased global attention and action on musculoskeletal health. Biomaterials are used to treat these disorders. Hence, the incidence of musculoskeletal disorders is projected to drive the orthopedic biomaterials market.
Competitive Landscape -
Major companies operating in the orthopedic biomaterials market report are Zimmer Biomet Holdings, Stryker Corporation, Johnson & Johnson, Smith & Nephew plc, Globus Medical Inc., Exactech Inc., Heraeus Holding GmbH, Evonik Industries AG, Victrex plc., Collagen Matrix Inc., Royal DSM, Sahajanand Medical Technologies, SCHILLER Healthcare India Pvt. Ltd., GE Healthcare, Covidien Healthcare India Private Limited, Philips Healthcare India, Fisher & Paykel Healthcare India Private Limited, Smiths Medical India Pvt. Ltd, Agappe Diagnostics Ltd, ARKRAY Healthcare Pvt. Ltd, Accord Medical Products Private Limited, AAP Implantate AG, Waldemar Link GmbH & Co. KG, Amplitude SAS, Corin Group PLC, Beznoska Company Ltd, Sanatmetal Ltd, Medin a.s., Neoortho, Amplitude Ortho, Cremer S. A., BSN Medical SA, Corin South Africa, Draegerwerk AG, ResMed Inc
Revolutionizing Orthopedics Through The Emergence Of 3D Printing In Orthopedic Implants
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. For instance, Evonik, a Germany-based chemical company has invested in Meditool, a Chinese-based 3d printed implant start-up that produces models and implants by using polyether ke*tone (PEEK) polymer supplied by Evonik.
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Key Segments -
The orthopedic biomaterials market covered in this report is segmented -
1) By Material Type: Ceramics & Bioactive Glasses, Calcium Phosphate Cements, Polymers, Metal, Composites
2) By Application: Orthopedic Implants, Joint Replacement/Reconstruction, Bio-Resorbable Tissue Fixation, Other Applications
3) By End-User: Hospitals, Clinics, Other End-Users
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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