Orthopedic Biomaterial Market, By Material Type, By Application, By End User, By Geography

Description

The global orthopedic biomaterial market is estimated to be valued at US$ 15.7 Bn in 2023, and is expected to exhibit a CAGR of 9.9% during the forecast period (2023-2030).

Report Coverage		Report Details
Base Year:	2022	Market Size in 2023:	US$ 15.7 Bn
Historical Data for:	2018 to 2021	Forecast Period:	2023 - 2030
Forecast Period 2023 to 2030 CAGR:	9.90%	2030 Value Projection:	US$ 30.5 Bn

Figure 1. Global Orthopedic Biomaterial Market Share (%), By Material Type, 2023

Biomaterials are broadly used in medical procedures, such as orthopedics. Orthopedic biomaterials are derived from organic or synthetic materials that help in the restoration of the structural integrity of bones that are damaged due to trauma or disease. Orthopedic biomaterials are incorporated into the human body as part of devices designed to perform certain biological functions by substituting or repairing various tissues, such as ligaments, cartilage, bones, tendons, and others. The application sectors of the product include joint replacement, spine implants, orthobiologics, viscosupplementation, and bio-resorbable tissue fixation. Some key characteristics and types of orthopedic biomaterials include biocompatibility, wear resistance, corrosion resistance, and others. One of the key characteristics of orthopedic biomaterials is their biocompatibility. This means that these materials are designed to work in harmony with the human body without causing any adverse reactions. This is particularly important as these materials are often incorporated into the body as part of medical devices.Another important characteristic of orthopedic biomaterials is their wear resistance. Given that these materials are often used in joint replacements and other procedures that involve constant movement, it's crucial that they can withstand the wear and tear of daily activities. This ensures the longevity of the medical devices in which they are used.Corrosion resistance is another key feature of orthopedic biomaterials. This ensures that the biomaterials do not degrade or break down over time, which could potentially lead to complications.

Market Dynamics

The orthopedic biomaterial market is expected to witness significant growth owing to increasing aging population, technological advancements, increasing product launches or approvals by market players, and others. For instance, in March 2023, Invibio Biomaterial Solutions, a division of Victrex plc and a pioneer in the development of PEEK biomaterial solutions, announced the launch of PEEK-OPTIMA AM Filament, an implantable PEEK polymer optimized for additive manufacturing. PEEK (Polyetheretherketone) is a high-performance thermoplastic polymer with qualities that make it appropriate for orthopedic and spinal implant applications.

The new PEEK-OPTIMA AM filament increases Invibio's line of biocompatible polymers, which are currently available in powders, granules, and rods for injection molding and other processing processes. PEEK-OPTIMA is often utilized in orthopedic and spinal implant applications such as in spinal fusion surgery, as well as different components used in joint replacement treatments.

Key features of the study:

This report provides an in-depth analysis of the global orthopedic biomaterial market and provides market size (US$ Bn) and compound annual growth rate (CAGR) for the forecast period (2023-2030), considering 2022 as the base year
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global orthopedic biomaterial market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
The key companies covered as a part of this study include B. Braun Melsungen AG, CONMED Corp., Evonik Industries AG, Medtronic Plc., Smith & Nephew Plc., Stryker Corp., Victrex Plc. (Invibio Ltd.), and Zimmer Biomet Holdings Inc., Globus Medical, Heraeus Holding GmbH, Exactech Inc., Collagen Matrix Inc., Koninklijke DSM N.V., and DePuy Synthes
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global orthopedic biomaterial market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global orthopedic biomaterial market

Detailed Segmentation:

By Material Type:
- Glass-ceramic & Bioactive Glasses
- Calcium Phosphate Cements
- Polymer
- Metals
- Composites
By Application:
- Joint Replacement
- Spine Implants
- Orthobiologics
- Viscosupplementation
- Bio-resorbable Tissue Fixation
- Others
By End User:
- Hospitals
- Orthopedic Clinics
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
Company Profiles
- Braun Melsungen AG
- CONMED Corporation
- Evonik Industries AG
- Medtronic Plc.
- Smith & Nephew Plc.
- Stryker Corp
- Victrex Plc. (Invibio Ltd.)
- Zimmer Biomet Holdings
- Globus Medical
- Heraeus Holding GmbH
- Exactech Inc.
- Collagen Matrix Inc.
- Koninklijke DSM N.V.
- DePuy Synthes.

Product Code: CMI4474

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Material Type
- Market Snippet, By Application
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Market Opportunities
Impact Analysis
Market Trend
Key Developments
Regulatory Scenario
PEST Analysis
Pipeline Analysis
Acquisition and Collaboration Scenario

4. Global Orthopedic Biomaterial Market- COVID-19 Impact Analysis

COVID-19 Epidemiology
Overall Impact on the Healthcare Sector
Total Impact of COVID-19 on the Global Orthopedic Biomaterial Market
Supply and Demand Analysis

5. Global Orthopedic Biomaterial Market, By Material Type, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018-2030
- Segment Trends
Glass-ceramic & Bioactive Glasses
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Segment Trends
Calcium Phosphate Cements
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Segment Trends
Polymer
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Segment Trends
Metals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Segment Trends
Composites
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Segment Trends

6. Global Orthopedic Biomaterial Market, By Application, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018-2030
- Segment Trends
Joint Replacement
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Segment Trends
Spine Implants
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Segment Trends
Orthobiologics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Segment Trends
Viscosupplementation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Segment Trends
Bio-resorbable Tissue Fixation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Segment Trends
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Segment Trends

7. Global Orthopedic Biomaterial Market, By End User, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018-2030
- Segment Trends
Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Segment Trends
Orthopedic Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Segment Trends
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Segment Trends

8. Global Orthopedic Biomaterial Market, By Region, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018-2030
- Segment Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Material Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Bn)
U.S.
Canada
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Material Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Bn)
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Material Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Bn)
China
Japan
India
ASEAN
Australia
South Korea
Rest of Asia Pacific
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Material Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Bn)
Brazil
Mexico
Argentina
Rest of Latin America
Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Material Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Bn)
GCC
Israel
Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Material Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2018-2030, (US$ Bn)
North Africa
Central Africa
South Africa

9. Competitive Landscape

Heat Map Analysis
Company Profiles
- Braun Melsungen AG
Company Overview
Product Portfolio
Key Highlights
Financial Overview
Strategies
- CONMED Corporation
Company Overview
Product Portfolio
Key Highlights
Financial Overview
Strategies
- Evonik Industries AG
- Medtronic Plc.
- Smith & Nephew Plc.
- Stryker Corp
- Victrex Plc. (Invibio Ltd.)
- Zimmer Biomet Holdings
- Globus Medical
- Heraeus Holding GmbH
- Exactech Inc.
- Collagen Matrix Inc.
- Koninklijke DSM N.V.
- DePuy Synthes.

10. Section

References
Research Methodology
About us and Sales Contact