The Emergen Research Global Orthopedic Biomaterial Market research study is a thorough compilation of analytical data regarding the Orthopedic Biomaterial sector. The study contains a segmentation of the Orthopedic Biomaterial market as well as a thorough analysis of the market’s size in terms of volume and value. The analysis includes a comprehensive prognosis for the years 2021–2028 in addition to the existing Orthopedic Biomaterial market status. The Orthopedic Biomaterial Market Study carefully examines the historical, present, and projected revenue for each industry vertical, sector, end-use industry, application, and region.
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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Competitive Terrain:
The global Orthopedic Biomaterial industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
Leading Market Players Profiled in the Report:
Evonik Industries AG, Zimmer Biomet, Matexcel, Globus Medical, Stryker Corporation, DSM Biomedical, Invibio Ltd., CAM Bioceramics BV, DePuy Synthes, and ExaTech Inc
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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.
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Orthopedic Biomaterial market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Competitive Outlook: The leading companies operating in the Orthopedic Biomaterial market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Orthopedic Biomaterial market.
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Market Overview:
The report bifurcates the Orthopedic Biomaterial market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
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
Regional Outlook:
- North America (the U.S., Canada, Mexico)
- Europe (the U.K., Germany, France, Italy)
- Asia Pacific (India, China, Japan, Korea)
- Latin America (Brazil, Argentina, Ecuador, Chile)
- Middle East & Africa (Egypt, Turkey, Saudi Arabia, Iran)
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.
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