The global orthopedic biomaterials market is expected to reach USD 26.28 Billion by 2027, according to a new report by Reports and Data. Increasing prevalence of musculoskeletal diseases is one of the significant factors influencing market growth. Musculoskeletal diseases were the foremost reason for disability in four of the six WHO (World Health Organization) regions in 2017. In the 2017 study by Global Burden of Disease (GBD), musculoskeletal diseases were the highest contributor to worldwide disability (responsible for 16.0% of all years of life lived with disability), and lower back pain continued to be the single topmost cause of disability. While the occurrence of musculoskeletal diseases varies by diagnosis and age, 20.0%–33.0% of people worldwide live with an agonizing musculoskeletal condition. This disease is responsible for the highest share of lost workplace productivity.
Rise in the geriatric population is one of the significant factors influencing market growth. It has been estimated that by 2050 approximately 16% of the global population will be aged more than 65 years, which is expected to increase fivefold since 1950. Forecasts from the World Health Organization (WHO), United Nations (UN), and the EU commission all indicate aging as a significant challenge for society, which demands concentrated efforts to meet the requirements of the elderly. Heart disease, cancer, and stroke have been the primary chronic conditions that have had the highest impact on the geriatric population, particularly in high-income countries. Thus, the increasing prevalence of diseases in the growing geriatric population is likely to propel the growth of the market in the forecast period.
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The report provides a panoramic view of the market and insights that will help formulate better business decisions. In addition to that, the study helps well-established companies and players gain a deeper understanding of the market and make informed decisions. The report also discusses in detail about the key factors influencing the market growth.
Key companies operating in the market include:
Evonik Industries AG, Zimmer Biomet, Globus Medical, Stryker, DSM Biomedical, Invibio Ltd., CAM Bioceramics BV, DePuy Synthes Inc., Matexel, and Exactech Inc., among others.
The report covers an extensive analysis of the key market players in the market along with their business overview, expansion plans, and strategies. The report also focuses on recent strategic alliances in the market including mergers and acquisitions, joint ventures, partnerships, agreements, corporate and government deals, product launches, and brand promotions, among others.
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The report aims to provide a better understanding of the market dynamics and the workings of the industry on a global level. To gain a deeper understanding of the industry, the global Orthopedic Biomaterials market is further segmented on the basis of key geographical regions such as North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. The report also offers a country-wise analysis to provide crucial insights into market size, market growth, market revenue growth, and economic growth in each region.
On basis of product types and application offered by the Orthopedic Biomaterials industry, the market is segmented into:
Material Type Outlook (Revenue, USD Million; 2020-2028)
- Metallic Orthopedic Biomaterials
- Ceramic & Bioactive Biomaterials
- Polymeric Orthopedic Biomaterials
- Composite Orthopedic Biomaterials
Application Outlook (Revenue, USD Million; 2020-2028)
- Orthopedic Implants
- Joint Reconstruction/Replacement
- Visco Supplementation
- Bio-Resorbable Tissue Fixation
End-Users Outlook (Revenue, USD Million; 2020-2028)
- Ambulatory Surgical Centers
The regional analysis covers:
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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Benefits of Orthopedic Biomaterials Market Report:
- Panoramic overview of the opportunities and risks in the Orthopedic Biomaterials sector
- Study of recent innovations and developments in the industry
- Comprehensive study of the growth pattern of the Orthopedic Biomaterials industry
- In-depth assessment of the competitive landscape of the key players of the Orthopedic Biomaterials industry
- Analysis of the Orthopedic Biomaterials market drivers, constraints, and opportunities
- Assessment of technological developments and latest trends of the industry
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