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Orthopedic Biomaterials Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Orthopedic Biomaterials Market is segmented By Material Type (Polymers, Ceramics & Bioactive Glasses, Calcium Phosphate Cements, Metal), By Application and Geography.

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Market Snapshot

Orthopedic Biomaterial Market Overview
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 7.5 %
Orthopedic Biomaterial Market Major Players

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Market Overview

The Orthopedic Biomaterials Market is expected to register a CAGR of 7.5% during the forecast period. This is attributing to the rising prevalence of the geriatric population, growing incidences of musculoskeletal injuries, and rising number of patients opting for knee replacement, construction, and other joint-related orthopedic procedures. As a growing geriatric population around the world is more susceptible to have joint problems thereby promoting the growth of the market. As per the United Nations Department of Economic and Social Affairs, a report was published in 2019 which says that at present 703 million people are aged 65 or older which is going to be increased by 1.5 billion by 2050. Moreover, rising number of sports injuries, an increasing number of cases of trauma from an accident, and growing orthopedic surgeries like joint reconstruction, joint arthroplasty is also creating a huge demand for orthopedic biomaterial thus triggering the revenue growth of the orthopedics biomaterial market. However, the lack of reimbursement associated with this orthopedics may hamper the market to a certain extent.

Scope of the Report

As per the scope, Orthopedic Biomaterial comprises of ceramics, calcium phosphate cement, metals, polymers, widely used in joint replacement, spine implants, Orth biologics, bioresorbable tissue fixation, and many more.

By Material Type
Polymers
Ceramics & Bioactive Glasses
Calcium Phosphate Cements
Metal
Others
By Application
Orthobiologics
Joint Replacement/Reconstruction
Viscosupplementation
Orthopedic Implants
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Ceramics & Bioactive Glasses in Orthopedic biomaterial is Estimated to Witness a Healthy Growth in Future.

Ceramics & bioactive glasses are estimated to witness healthy growth in the future which is attributed to increasing adoption in several procedures such as spine surgery procedure, interbody fusion procedures. In addition, an increase in the usage of synthetic cages and pedicle screws during fixation procedures is driving the segment growth. Use of synthetic cages and pedicle screws is to maintain the stability in the target patient pool and increase the fusion rate of allografts.

In Addition, polymers segment is also expected to witness a lucrative opportunity in the forecast period owing to extensive use in bone cement and load-bearing surface for joint arthroplasties. Moreover, the wider availability of advanced polymers and biopolymers for several applications such as bioresorbable tissue fixation and ortho biologics will result in high demand for polymers and propel the segment growth.

As per National Safety Council (NSC) the presence of such a huge number of sport injuries around worldwide will promote the adoption of orthopedic biomaterial for diagnosis and treatment and further leading to drive the overall market.

Orthopedic Biomaterial Market Key Trends

North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period

North America is expected to hold a significant market share in the global Orthopedic Biomaterials Market due to the increasing number of the target population, rising geriatric population, high adoption of advanced products associated with orthopedics, and the presence of a large number of pharmaceutical companies operating in orthopedics. The United States owns the largest share of the Orthopedic Biomaterials Market in the North America region Furthermore, well-established healthcare infrastructure, rising health care expenditure, and high frequency of sports injuries in the United States are fueling the market growth.

Orthopedic Biomaterial Market Growth Rate

Competitive Landscape

The Orthopedic Biomaterials Market is moderately competitive and consists of several major players. Some of the companies which are currently dominating the market are Koninklijke DSM N.V., Zimmer Biomet, Stryker, Invibio Ltd., Evonik Industries, DePuy Synthes, Cam Bioceramics, Exactech, Inc, and Globus Medical Inc.

Koninklijke DSM N.V, Zimmer Biomet, Stryker, Invibio Ltd, Evonik Industries

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Prevalence of Geriatric Population

      2. 4.2.2 Growing Incidences of Musculoskeletal Injuries

    3. 4.3 Market Restraints

      1. 4.3.1 Reimbursement Policies

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Material Type

      1. 5.1.1 Polymers

      2. 5.1.2 Ceramics & Bioactive Glasses

      3. 5.1.3 Calcium Phosphate Cements

      4. 5.1.4 Metal

      5. 5.1.5 Others

    2. 5.2 By Application

      1. 5.2.1 Orthobiologics

      2. 5.2.2 Joint Replacement/Reconstruction

      3. 5.2.3 Viscosupplementation

      4. 5.2.4 Orthopedic Implants

      5. 5.2.5 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle-East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle-East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Koninklijke DSM N.V.

      2. 6.1.2 Zimmer Biomet

      3. 6.1.3 Stryker

      4. 6.1.4 Invibio Ltd.

      5. 6.1.5 Evonik Industries

      6. 6.1.6 DePuy Synthes

      7. 6.1.7 Cam Bioceramics

      8. 6.1.8 Exactech, Inc

      9. 6.1.9 Globus Medical Inc

      2. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Orthopedic Biomaterials Market market is studied from 2018 - 2026.

The Orthopedic Biomaterials Market is growing at a CAGR of 7.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Koninklijke DSM N.V, Zimmer Biomet, Stryker, Invibio Ltd, Evonik Industries are the major companies operating in Orthopedic Biomaterials Market.

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