Orthopedic biomaterial Market 2023 Driving Factors Forecast Research 2029

Orthopedic biomaterial market is anticipated to grow at a considerable CAGR of 7.2% during the forecast period. The growth of the market is attributed to factors such as the increasing prevalence of orthopedic conditions, a rise in the number of orthopedic surgeries, advancements in technology, and the growing geriatric population. Further, factors such as the demand for minimally invasive procedures, the adoption of robotic-assisted surgeries, and the availability of advanced orthopedic biomaterial are expected to fuel the demand for orthopedic biomaterial market.

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The growth of the global orthopedic biomaterial market is mainly driven by increased funds and grants by government bodies as well as non-government bodies to the universities for the development of various new novel biomaterials. For instance, In March 2018, Drexel University granted a total of $200,000 to the National Science Foundation. This grant is provided for promoting the research on how biomaterial-mediated control over macrophage behavior affects biomaterial vascularization. Additionally, factors such as increasing demand for implantable devices and increasing research on regenerative medicine further give a boost to the growth of the market. However, stringent clinical & regulatory processes and unfavorable healthcare reforms may present as a challenge for the orthopedic biomaterial market growth.

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• Market Coverage
• Market number available for - 2023-2029
• Base year- 2022
• Forecast period- 2023-2029
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Market Segmentation
Global Orthopedic Biomaterials Market by Material Type
o Polymers
o Ceramics & Bioactive Glasses
o Calcium Phosphate Cement
o Metal
o Other

Global Orthopedic Biomaterials Markey by Application
o Orthobiologics
o Joint Replacement/ Reconstruction
o Viscosupplementation
o Orthopedic Implants
o Other

Regional Analysis
o North America
o United States
o Canada
o Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
o Rest of the World

Company Profiles
o AdvanSource Biomaterials Corp.
o CAM Bioceramics B.V.
o DePuy Synthes Inc.
o DSM Biomedical B.V.
o Evonik Industries AG
o Exactech, Inc.
o Globus Medical Inc.
o Heraeus Holding
o Invibio Ltd.
o Koninklijke DSM N.V.
o Matexcel
o Stryker Corp.
o Zimmer Biomet Holdings, Inc.

The Report Covers
• Market value data analysis of 2022 and forecast to 2030.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global orthopedic biomaterial market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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