DUBLIN–(BUSINESS WIRE)–Sep 29, 2022–
The “World Orthopedic Biomaterials Market Report 2022” report has been added to ResearchAndMarkets.comprovide.
The worldwide orthopedic biomaterials market is anticipated to develop from $15.34 billion in 2021 to $16.90 billion in 2022 at a compound annual development charge (CAGR) of 10.2%. The market is anticipated to achieve $25.90 billion in 2026 at a compound annual development charge (CAGR) of 11.3%.
The key gamers within the orthopedic biomaterials market are Zimmer Biomet Holdings Inc., Stryker Company, Victrex PLC (Invibio Ltd.), Globus Medical Inc., CAM Bioceramics BV, Heraeus Holding GmbH, Exactech Inc., Collagen Matrix Inc., Evonik Industries AG, and Koninklijke DSM NV (DSM Biomedical BV).
The orthopedic biomaterials market consists of income generated by institutions from the manufacture and sale of orthopedic biomaterials. Orthopedic biomaterials are supplies meant for insertion into the human physique as elements of units designed to carry out sure organic capabilities by changing or repairing numerous tissues, equivalent to bones, cartilage, ligaments, tendons and others.
The orthopedic biomaterials market coated on this report is segmented by materials sort into bioactive ceramics and glasses, calcium phosphate cement, polymers, metals and composites. Polymers are used as orthopedic biomaterials meant to be inserted into the human physique as constituents. The varied purposes are orthopedic implants, joint substitute/reconstruction, bioresorbable tissue fixation, orthobiology and viscosupplementation. These are utilized by numerous finish customers equivalent to hospitals, clinics and others.
Rising incidence of musculoskeletal problems is anticipated to drive the orthopedic biomaterials market. Based on the report of the World Well being Group (WHO), musculoskeletal problems are the principle contributor to incapacity worldwide. Roughly 20-33% of the inhabitants suffers from a musculoskeletal incapacity.
The Sustainable Improvement Objectives (SDGs) and the Decade of Wholesome Getting old 2020-2030 have referred to as for elevated world consideration and motion on musculoskeletal well being. Biomaterials are used to deal with these problems. Therefore, the incidence of musculoskeletal problems is anticipated to drive the orthopedic biomaterials market.
The excessive value of conducting scientific trials is anticipated to hamper the expansion of the biomaterials market. Orthopedic biomaterials are implanted immediately into the physique. Subsequently, it is very important show the security and biocompatibility of those supplies. Nonetheless, the excessive value of conducting scientific trials is a serious impediment.
Medical research are costly and time-consuming because of the variety of exams required and the period of every check. The funding in assets, time and funding will increase in successive phases. Further prices are related to the result of trials at totally different phases.
For instance, the price of a failed part 3 trial isn’t just the price related to the trial itself, however the price of all earlier trials plus the price of time wasted researching an alternate. probably viable or to repeat the steps. Therefore, the excessive value of conducting scientific trials is anticipated to influence the orthopedic biomaterials market.
3D printing of orthopedic implants is among the current developments within the orthopedic biomaterials market. 3D printing know-how is used to provide a variety of medical gear, equivalent to these with complicated constructions or options to suit a affected person’s specific anatomy. 3D printing of orthopedic implants permits for the design of extra pure anatomical shapes, in addition to the design of porous bone substitute scaffolds that may be simply integrated into the implant design.
This permits pure bone regeneration to generate higher implant reliability. 3D printing of orthopedic implants is a development within the orthopedic biomaterials market that’s attracting many gamers. For instance, Evonik, a chemical firm primarily based in Germany, has invested in Meditool, a 3D printed implant start-up primarily based in China that produces fashions and implants utilizing polyether ketone (PEEK) polymer provided by Evonik.
In November 2019, Stryker, an American Fortune 500 medical machine firm, entered right into a definitive settlement to amass Wright Medical for $5.4 billion. This acquisition would assist and strengthen Stryker’s orthopedic phase and likewise present higher publicity to Wright Medical’s extremities and biologics applied sciences. Wright Medical is a Dutch medical machine firm specializing in higher and decrease limb applied sciences and biologics.
The nations coated within the Orthopedic Biomaterials market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, United Kingdom and america.
Major subjects coated:
1. Abstract
2. Traits of Orthopedic Biomaterials Market
3. Orthopedic Biomaterials Market Tendencies and Methods
4. Influence of COVID-19 on orthopedic biomaterials
5. Orthopedic Biomaterials Market Measurement and Development
5.1. World Historic Orthopedic Biomaterials Market, 2016-2021, USD Billion
5.1.1. Market Drivers
5.1.2. Market Constraints
5.2. World Orthopedic Biomaterials Market Forecast, 2021-2026F, 2031F, Billion USD
5.2.1. Market Drivers
5.2.2. Market Constraints
6. Orthopedic Biomaterials Market Segmentation
6.1. World orthopedic biomaterials market, segmentation by materials sort, historical past and forecast, 2016-2021, 2021-2026F, 2031F, billion {dollars}
- Bioactive Ceramics & Glasses
- Calcium phosphate cements
- Polymers
- Steel
- Composite supplies
6.2. World orthopedic biomaterials market, segmentation by utility, historical past and forecast, 2016-2021, 2021-2026F, 2031F, billions of {dollars}
- Orthopedic implants
- Joint substitute/reconstruction
- Bio-absorbable tissue fixation
- Orthobiologics
- Viscosupplementation
6.3. World orthopedic biomaterials market, segmentation by finish consumer, historical past and forecast, 2016-2021, 2021-2026F, 2031F, billion {dollars}
- Hospitals
- Clinics
- Different finish customers
7. Regional and Nation Evaluation of Orthopedic Biomaterials Market
7.1. World Orthopedic Biomaterials Market, Break up by Area, Historic & Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion
7.2. World Orthopedic Biomaterials Market, Break up by Nation, Historic & Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion
Firms cited
- Zimmer Biomet Holdings Inc.
- Stryker Firm
- Victrex-PLCs. (Invibio Ltd.)
- Globus Medical Inc.
- CAM Bioceramics BV
- Heraeus Holding GmbH
- Exactech Inc.
- Collagen Matrix Inc.
- Evonik Industries SA
- Koninklijke DSM NV (DSM Biomedical BV)
- DSM Biomedical
- DePuy Synthes Inc.
For extra data on this report, go to https://www.researchandmarkets.com/r/4y9pii
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KEYWORD:
INDUSTRY KEYWORD: HEALTH BIOTECHNOLOGY
SOURCE: Analysis and Markets
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PUBLISHED: 09/29/2022 06:56 / DISK: 09/29/2022 06:56
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