openPR Logo
Press release

Orthopedic Biomaterials Market Size Is In Tremendous Growth Phase | Analysis Report With Leading Manufacturers Forecast 2019 - 2027

02-11-2020 06:56 AM CET | Health & Medicine

Press release from: TMR

Orthopedic Biomaterials Market Size Is In Tremendous Growth

Orthopedic Biomaterials Market: Introduction

According to the report, the global orthopedic biomaterials market was valued at US$ 11.3 Bn in 2018 and is projected to expand at a CAGR of ~7% from 2019 to 2027. Rise in percentage of population requiring orthopedic implants, and increase in incidence rate of injuries related to accidents, sports, and adventure are anticipated to augment the global orthopedic biomaterials market from 2019 to 2027. North America and Western Europe are expected to account for significant shares of the global orthopedic biomaterials market. The U.S. is likely to continue its dominance in the orthopedic biomaterials market during the forecast period. The country is likely to witness changes in reimbursement policies in the near future, aimed at increasing the quality of patient care.

According to the Centers for Disease Control and Prevention, in the U.S., annually 54.4 million adults are diagnosed with arthritis. Asia Pacific is projected to be a highly lucrative market for orthopedic biomaterials in the next few years. However, high competition is anticipated to restrain the global orthopedic biomaterials market.

Rise in Percentage of Population Requiring Orthopedic Devices

The population more prone to orthopedic diseases primarily includes obese and geriatric populations. Cartilages become prone to strain and fatigue due to less water content as age progresses. This leads to arthritis and other complications, which require knee replacement procedures. Furthermore, other connective tissues such as ligaments attached to the bones become less flexible and more constrained. These factors are expected to drive the demand for orthopedic devices among the geriatric population. Prevalence of osteoarthritis, rheumatoid arthritis, fibromyalgia, juvenile arthritis, and other forms of orthopedic disorders is increasing primarily due to aging population, obesity, and changes in lifestyle.

Increase in Incidence Rate of Injuries Related to Accidents, Sports, and Adventure

Incidence of accidental injuries during sports, driving, and adventure has increased drastically in the last decade. A study carried out by the American Academy of Orthopedic Surgeons (AAOS) revealed that around 25% of sports injuries were related to lower extremities such as ankle and foot. Serious bone injuries have been reported recently among professionals as well as amateur sportspersons. Over 340,000 hip implant procedures are performed in the U.S. each year, which includes a number of patients aged between 40 and 50 who are focused toward maintaining a healthy lifestyle.

Product Recalls Affecting Adoption Rates to Restrain Market

Incidences of product recalls due to device inefficiency or manufacturing errors affect the adoption rate of these devices among surgeons and patients, thereby affecting revenue of the manufacturers. The global orthopedic biomaterials market has seen various product recalls in the past few years. In April 2017, Zimmer Biomet Holdings, Inc. recalled its class I devices SpF PLUS-Mini and SpF XL IIb implantable spinal fusion stimulators due to potential release of cytotoxic chemical higher than allowed levels. The company also recalled its Comprehensive Reverse Shoulder in June 2016, owing to high fracture rate.

Asia Pacific Orthopedic Biomaterials Market to Expand Significantly

Large population base, rise in incidence of orthopedic diseases, and improving economy in China, India, and others countries in Southeast Asia resulting in high per capita health care expenditure, are anticipated to drive the orthopedic biomaterials market in the region. The market is this region is highly price sensitive and Government cap, such as in India, controls most of the prices for orthopedic implants and other devices. The orthopedic biomaterials market in Asia Pacific is likely to expand at a high CAGR from 2019 to 2027.

For More Details, Request A PDF Brochure Report @

Competition Landscape in Orthopedic Biomaterials Market

The report also provides profiles of leading players operating in the global orthopedic biomaterials market. These include Zimmer Biomet Holdings, Inc., Stryker, DePuy Synthes (Johnson & Johnson), Smith & Nephew plc, Medtronic, DJO Global, Inc., Arthrex, Inc., NuVasive, Inc., and Globus Medical, Inc.

Global Orthopedic Biomaterials Market: Segmentation

Orthopedic Biomaterials Market, by Material
Glass-ceramic & Bioactive Glasses
Calcium Phosphate Cements
Orthopedic Biomaterials Market, by Application
Joint Replacements
Spine Implants
Bio-resorbable Tissue Fixation
Orthopedic Biomaterials Market, by End User
Orthopedic Clinics
Orthopedic Biomaterials Market, by Region
North America
Rest of the Europe
Asia Pacific
Australia & New Zealand
Rest of Asia Pacific
Latin America
Rest of Latin America
Middle East & Africa
GCC Countries
South Africa
Rest of Middle East & Africa

Contact Us

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR's syndicated reports strive to provide clients to serve their overall research requirement.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Orthopedic Biomaterials Market Size Is In Tremendous Growth Phase | Analysis Report With Leading Manufacturers Forecast 2019 - 2027 here

News-ID: 1926520 • Views: 139

More Releases from TMR

02-11-2020 | Health & Medicine
Bone Growth Stimulators Market Is Likely To Tread Along A Healthy Growth Track O …
Bone Growth Stimulators Market: Introduction According to the report, the global bone growth stimulators market was valued at US$ 1.3 Bn in 2018 and is projected to expand at a CAGR of ~5% from 2019 to 2027. Bone growth stimulation is a therapy used to aid bone healing process after a fracture or spinal fusion surgery. Rise in geriatric population globally, increase in prevalence of orthopedic diseases and rising inclination of
02-11-2020 | Health & Medicine
HIV Self-test Kits Market Report Examines Growth Overview And Predictions On Siz …
HIV Self-test Kits Market: Introduction According to the report, the global HIV self-test kits market was valued at US$ 60.3 Mn in 2018 and is projected to expand at a CAGR of ~17% from 2019 to 2027. HIV self-testing is a screening test, which detects the presence of HIV-1/2 antibodies. HIV self-testing is a test in which a person collects his/her own specimen and performs an HIV test in a private
02-11-2020 | Health & Medicine
Fetal Monitoring Systems Market Size Examines Growth Overview And Predictions On …
Fetal Monitoring Systems Market: Introduction Transparency Market Research has published a new report titled "Fetal Monitoring Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019-2027". According to the report, the global fetal monitoring systems market was valued at approximately US$ 2.8 Bn in 2018. It is expected to expand at a CAGR of ~3% during the forecast period from 2019 to 2027. Monitoring procedures are the basis
02-11-2020 | Health & Medicine
Contrast Enhanced Digital Mammography (CEDM) Market Analysis Trends To Witness H …
Contrast Enhanced Digital Mammography (CEDM) Market: Introduction According to the report, the global contrast enhanced digital mammography (CEDM) market was valued at US$ 244.5 Mn in 2018 and is projected to expand at a CAGR of ~11% from 2019 to 2027. Contrast enhanced digital mammography (CEDM) images breast cancer using temporal subtraction and dual energy subtraction techniques. CEDM requires injection of an iodinated contrast agent, as CEDM depicts angiogenesis of breast

All 5 Releases

More Releases for Orthopedic

Global Orthopedic Orthotics Market Growth
According to a new report Global Orthopedic Orthotics Market, published by KBV research, the Orthopedic Orthotics Market Size was valued at $3 billion in 2016, and is estimated to reach $5 billion by 2023, growing at a CAGR of 6.3% during the forecast period The Dynamic Orthotic Manufacturing market held the largest share in the Global Orthopaedic Orthotics Market by Posture in 2016, and would continue to be a dominant market
Orthopedic Devices Market growing medical industry 2022
ICRWorld's Orthopedic Devices market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market. The report includes the forecasts, Analysis and discussion of important industry trends, market size, market share estimates and profiles of the leading
Orthopedic Implants Market - Current and Future Plans
Orthopedic implants can be defined as medical devices used to either replace or provide fixation of bone or to replace articulating surfaces of a joint. Thus, orthopedic implants are vital devices used to either replace or assist damaged or injured bones. Most orthopedic implants in the market today, fall under the Class III category, which is the most scientifically rigorous classification of
Orthopedic Navigation Systems Market Growth Analysis 2025
Computer-assisted navigation systems or orthopedic navigation systems incorporate intra-operative execution and pre-operative planning information by demonstrating three-dimensional computer images in relative patient anatomy that is image-guided surgery systems. These image-guided surgery systems consist of a computer workstation with surgical planning and image-processing software, a display monitor, and a digitization system. Computer software allows the surgeon to measure angles, volumes, and distances and to zoom and rotate. Report Overview @ This
Global Orthopedic Devices Market Research Report 2016
Global Orthopedic Devices Industry 2016 Market Overview, Size, Share, Trends, Analysis, Technology, Applications, Growth, Market Status, Demands, Insights, Development, Research and Forecast 2016-2020. The cumulative effect of diverse factors has been responsible behind the stability of the global Orthopedic Devices market. While there are a few factors creating hindrances for the market, overall the stability is expected to remain intact through the course of the forecast period between 2016 and 2021.
Orthopedic Trauma Devices Market to Grow Globally
Orthopedic Trauma Devices Market Overview Orthopedic trauma is a condition that includes injuries mainly affecting the human skeleton and deteriorating the condition of the subject. It includes the conditions ranging from simple fracture to severe life threatening injuries that are caused due to accidents. Orthopedic trauma includes multiple broken bones across different parts of the body that involve extensive reconstructive surgery. Severe orthopedic traumas can only be treated by fracture specialists