Orthopedic Biomaterials Industry Analysis, Leading Players, Growth and Demand Forecast Report 2023-2030

The orthopedic biomaterials have garnered $14.2 billion revenue in 2021, and it is projected to rise at the rate of 9.5% from 2021 to 2030, to generate $32.2 billion revenue in 2030. The reconstructive joint replacements category holds the largest industry share, rising at a rate of 9.2% in the near future, to generate $4.02 billion revenue in 2030. It is ascribed to the rising incidence of late-stage and joint damage osteoarthritis.

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Moreover, the rising demand for custom-made next-generation orthopedic biomaterials that suits the requirement of a specific operation, has resulted in industry propulsion. Concerning this, the growing incidence of orthopedic operations, including viscosupplementation, joint arthroplasty, and joint reconstruction results in industry expansion.

The hospitals category capture the largest industry share, of approx. 41.7% in the worldwide major countries. It is ascribed to the rising number of hospital admissions, and increasing patient footfall for orthopedic procedures.

The company players focus on providing high-quality orthopedic biomaterial goods and treatments, to decrease the treatment cost and requirement for patients' retreatment. Furthermore, the advancing biomaterial technology has fuelled the worldwide success rate of orthopedic surgeries.

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The penetration of large companies plays a crucial role in offering better treatment for bone and joint problems to patients and expanding themselves globally.

Furthermore, the success rate of implantation is high, according to research. It is the major driver of the rising demand for medical implants. Therefore, improvement in surgical outcomes is projected to worldwide fuel the orthopedic biomaterials industry, in the coming years.

Therefore, the high success rate of surgical implantation propels the demand for biomaterials industry.

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