The global orthopedic biomaterials market size is expected to reach USD 23.5 billion by 2025 registering a CAGR of 10.3%, according to a new report by Grand View Research, Inc. Increasing incidence of degenerative joint disease and musculoskeletal disorders is the key factor driving the market. In addition, increasing geriatric population susceptible to orthopedic conditions arising due to low bone density and advancing bone related disorders is expected to boost the product demand over the forecast period.
Ceramics
& bioactive glass was the dominant material type segment in 2018 on account
of growing demand for these materials due to their high compression strength.
In addition, ceramics & bioactive glass biomaterials are preferred over
their counterparts as they have a high affinity to integrate with the surface
material of the bone. However, polymer biomaterial segment is expected to
witness the fastest CAGR from 2019 to 2025 owing to high usage of these
materials for the reconstruction and fixation procedures of the spine, hip, and
knee.
Orthopedic
implants led the application segment in 2018 and are expected to remain
dominant over the forecast period. Increasing number of trauma cases is one of
the major factors driving the growth of this segment. Orthobiologics segment
is anticipated to witness the fastest CAGR of 10.8% from 2019 to 2025.
Increasing adoption of biomaterials in various orthobiologics for the treatment
of spinal and other reconstructive surgeries is anticipated to drive the growth
of this segment.
Led
by U.S. North America led the market in 2018 owing to high demand for joint
replacement/reconstruction, bone repair, and, other orthopedic procedures due
to the presence of target population. Moreover, rise in the demand for advanced
treatment options coupled with increasing awareness about bio-resorbable
products is expected to drive the product demand in future.
Full Research Report On Orthopedic Biomaterials Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/orthopedic-biomaterials-market
Orthopedic
Biomaterials Market Report Highlights
- North America
accounted for the largest revenue share in 2018 owing to large patient
pool and high awareness regarding the use of bio-resorbable biomaterials
- Ceramics and
bioactive glass segment led the market in 2018 owing to increased usage of
these biomaterials for the restoration of damaged tissue and fixation
surgeries and joint replacement surgeries
- Orthopedic
implants was the dominant application segment in 2018 due to an increased
number of trauma cases worldwide
- Some of the
key companies in orthopedic biomaterials market are 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
Request a Sample Copy of the Report @
https://www.grandviewresearch.com/industry-analysis/orthopedic-biomaterials-market/request/rs1
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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