Orthopedic Biomaterials Market Predicted to Grow at 7% CAGR from 2019-2027, as per TMR Analysis

The global 𝐨𝐫𝐭𝐡𝐨𝐩𝐞𝐝𝐢𝐜 𝐛𝐢𝐨𝐦𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 was worth US$ 11.3 Bn and is projected to reach a value of US$ 21.3 Bn by the end of 2027, it is anticipated to grow at a CAGR of 7% during the forecast period.

𝐃𝐫𝐢𝐯𝐞𝐫𝐬:

The global orthopedic biomaterials market is driven by rise in percentage of population requiring orthopedic implants; increase in incidence rate of injuries related to accidents, sports, and adventure; surge in adoption of technologically advanced products; and rise in government initiatives to address unmet medical needs

As age progresses, cartilages become prone to strain and fatigue due to less water content. 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 biomaterials among the geriatric population.

However, product recalls affecting market adoption rates, fragmented market affecting profit margins, and safety and risk issues shifting patient preference toward non-surgical alternatives are the major factors anticipated to restrain the global orthopedic biomaterials market

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅:
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𝐌𝐚𝐣𝐨𝐫 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

Zimmer Biomet Holdings, Inc.,Stryker,DePuy Synthes (Johnson & Johnson),Smith & Nephew plc,Medtronic,DJO Global, Inc.,Arthrex, Inc.,NuVasive, Inc.,Globus Medical, Inc.

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥

Glass-ceramic & Bioactive Glasses
Calcium Phosphate Cements
Polymers         
Composites

𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

Joint Replacements
Spine Implants
Orthobiologics 
Bio-resorbable Tissue Fixation

𝐄𝐧𝐝 𝐔𝐬𝐞𝐫

Hospitals
Orthopedic Clinics
Others

𝐆𝐞𝐭 𝐓𝐡𝐢𝐬 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭, 𝐈𝐧𝐬𝐭𝐚𝐧𝐭𝐥𝐲:
https://www.transparencymarketresearch.com/checkout.php?rep_id=1725<ype=S&utm_source=OpenPR&utm_medium=OpenPR&utm_campaign=MansiR

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

In terms of region, the global orthopedic biomaterials market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is likely to continue its dominance in the global orthopedic biomaterials market throughout the forecast period, owing to significant average selling prices of orthopedic implants, rise in demand from surgeons for technologically advanced orthopedic implants with enhanced lifetime and precision, and favorable coverage for orthopedic procedures in the region.

The study also offers a list of recommendations, highlights, and useful insights of the orthopedic biomaterials market, which would help new companies willing to enter the orthopedic biomaterials market and existing companies to increase market shares and help in the decision-making process 

𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

Emerging trends in the orthopedic biomaterials market include the development of bioresorbable materials, advancements in 3D printing technology for customized implants, and the integration of nanotechnology for enhanced orthopedic treatments.

𝐅𝐮𝐭𝐮𝐫𝐞 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:

The future outlook for the orthopedic biomaterials market appears promising, with ongoing research and development activities aimed at introducing novel biomaterials and improving treatment outcomes for orthopedic patients.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲 𝐏𝐨𝐢𝐧𝐭𝐬:

Key market study points include analyzing the demand for orthopedic biomaterials across different regions, understanding the impact of regulatory frameworks on market dynamics, and assessing the competitive landscape to identify market opportunities.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐌𝐑:

𝐀𝐞𝐫𝐨𝐬𝐩𝐚𝐜𝐞 𝐕𝐚𝐥𝐯𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/05/15/2669236/0/en/Aerospace-Valves-Market-Projected-to-Expand-at-CAGR-of-4-9-from-2023-2031-as-per-TMR-Research.html

𝐔𝐫𝐠𝐞𝐧𝐭 𝐂𝐚𝐫𝐞 𝐂𝐞𝐧𝐭𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/05/15/2669140/0/en/Urgent-Care-Centers-Market-Booming-at-4-4-CAGR-to-Reach-US-50-3-Mn-by-2031-Global-Analysis-by-TMR.html

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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