Orthopedic Biomaterials Market Grow at 10% CAGR by 2022-2030 Thriving Worldwide

Orthopedic Biomaterials Market Analysis Overview:
In a recent research report by Market Research Community, the orthopedic biomaterials market is expected to surpass USD 34.66 billion by the year 2030, from USD 14.70 billion in 2021.

Orthopedic biomaterials are the biomaterials of various types such as metals, ceramics, glass, and polymers used in repairing different tissues such as cartilage, ligament, tendons, bones, and others. The increasing geriatric population, and joint disorders, are boosting the overall orthopedic biomaterials market growth.

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Further, the introduction of various procedures and treatments for cartilage repair, and spinal cord injury using orthopedic biomaterials is increasing the demand for orthopedic biomaterials.

Top Key Players of the Orthopedic Biomaterials Market:
DSM Biomedical, Evonik Industries AG, Stryker Corp., DePuy Synthes Inc., Zimmer Biomet, Invibio Ltd., Globus Medical, Exactech, Inc., Matexcel, AdvanSource Biomaterials Corp., CAM Bioceramics B.V., and Heraeus Holding.

The application segment is divided into orthobiologics, orthopedic implants, joint replacement/reconstruction, viscosupplementation, and bio-resorbable tissue fixation. The joint replacement segment is expected to grab significant market attention during the forecast period. The factors contributing to the growth of the market are the aging population and the demand for knee surgeries.

Europe is expected to gain a significant share in the year 2022. The factors contributing to the growth of the market are the development of new products and high investment in partnerships and mergers by key players. Further, increasing investment by key players to provide high treatment options to the end-users is expected to boost the growth of the market.

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Type Covered in This Report Are:
Ceramics & Bioactive Glasses
Polymers
Calcium Phosphate Cement
Metal
Composites

On the Basis of Application:
Orthopedic Implants
Joint Replacement/Reconstruction
Orthobiologics
Viscosupplementation
Bio-resorbable Tissue Fixation

The market is projected to grow at a significant pace reaching a CAGR of approximately 10 %, over the forecast period of 2022-2030, despite a considerable fall in product sales during the initial phase of pandemic spread and lockdown restrictions imposed globally.

Regional Analysis:
North America- (U.S., Canada, Mexico)
Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe)
Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific)
Latin America- (Brazil, Argentina, Chile, Rest of Latin America)
Middle East and Africa- (GCC, Turkey, Israel, Rest of MEA)

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The study is consolidated into major segments and further into sub-segments, such as by material type (ceramics & bioactive glasses, polymers), by application (orthobiologics, orthopedic implants, Joint replacement/reconstruction, viscosupplementation, bio-resorbable tissue fixation), to forecast the market size by value; also includes the analysis of past market dynamics from 2016 - 2021, considering 2021 as the base year.

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This release was published on openPR.