Growing incidence of musculoskeletal disorders is a significant factor driving global orthopedic biomaterial market growth
The global orthopedic biomaterial market size is expected to reach USD 29.62 Billion at a steady CAGR of 9.4% in 2028, according to latest analysis by Emergen Research. Steady revenue growth of the orthopedic biomaterial market can be attributed to rising incidence of musculoskeletal disorders. Musculoskeletal disorders are the primary causes of disability across the globe, with about 1.71 billion individuals current sufferers. Musculoskeletal disorders substantially restrict deftness and mobility, resulting in decreased well-being, reduced social participation, and early retirement from the job.
The latest market intelligence report, titled ‘Global Orthopedic Biomaterial Market’, is intended to provide the target audience with the necessary information about the global Orthopedic Biomaterial industry.
The growing geriatric population is significantly driving demand for orthopedic biomaterials due to rising prevalence of conditions such as osteoarthritis and osteoporosis that can significantly impair the well-being of elderly individuals. By 2050, around 16% of the global population is expected to be aged 65 years and over. According to World Health Organization (WHO), the European Union (EU) Commission, and United Nations (UN), aging poses a substantial societal challenge, which requires focused efforts to meet needs of the elderly. Growing worldwide recognition of multi-morbidity of the geriatric population such the musculoskeletal disorders is fueling growth of the orthopedic biomaterial market.
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Key players in the market include Evonik Industries AG, Zimmer Biomet, Matexcel, Globus Medical, Stryker Corporation, DSM Biomedical, Invibio Ltd., CAM Bioceramics BV, DePuy Synthes, and ExaTech Inc.
Ceramic biomaterials are garnering significant traction in the market, attributed to their biocompatibility and improved corrosion resistance. Ceramic biomaterials find application to promote the regeneration of bones or replace bones. Additionally, nano-bioceramics holds vast potential in tissue regeneration and restoration of physiological functions of the human body.
The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the Orthopedic Biomaterial market players.
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The research study presents an industry-wide summary of the Orthopedic Biomaterial market, including drivers, constraints, technological advancements, product developments, limitations, growth strategies, growth prospects, etc. among others. The Orthopedic Biomaterial7 report analyzes the market based on different categories, such as product types, end-user applications, and leading geographical regions.
The Orthopedic Biomaterial market report provides an in-depth analysis of the key competitors operating in the industry. The report offers insights into their product portfolio, business overview, financial standing, market position, revenue generation, market share and market size, and production and manufacturing capacity along with pricing analysis.
Emergen Research has segmented the global orthopedic biomaterial market on the basis of material type, application, end-use, and region:
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The Orthopedic Biomaterial industry report mainly focuses on the key market regions where the market is spread, including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report further focuses on the key segments of the market, such as product types, application spectrum, technology, end-user industries, among others.
Major Geographies Analyzed in the Report:
Key Questions Answered in the Report:
Take a look “Table of Content Orthopedic Biomaterial market”:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2028
Chapter 3. Key Insights
Chapter 4. Orthopedic Biomaterial Market Segmentation & Impact Analysis
4.1. Orthopedic Biomaterial Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers’ analysis
220.127.116.11. Growing incidence of musculoskeletal disorders
18.104.22.168. Growing geriatric population
22.214.171.124. Growing number of knee reconstruction/replacement surgery
4.2.3. Market restraints analysis
126.96.36.199. Lack of proper reimbursement policies
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Orthopedic Biomaterial Market By Material Type Insights & Trends, Revenue (USD Billion)
5.1. Material Type Dynamics & Market Share, 2021 & 2028
5.1.2. Ceramics & Bioactive Glasses
5.1.5. Calcium Phosphate
Chapter 6. Orthopedic Biomaterial Market By Application Insights & Trends, Revenue (USD Billion)
6.1. Application Dynamics & Market Share, 2021 & 2028
6.1.1. Orthopedic Implants
6.1.3. Joint Reconstruction/Replacement
6.1.4. Bio-resorbable Tissue Fixation
6.1.5. Visco Supplementation
Chapter 7. Orthopedic Biomaterial Market By End-Use Insights & Trends, Revenue (USD Billion)
7.1. End-Use Dynamics & Market Share, 2021 & 2028
7.1.2. Specialty Clinics
7.1.3. Ambulatory Surgical Centers
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