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Orthopedic Biomaterials Market Size By Material Type (Polymers, Metals, Ceramics and Bioactive Glass Biomaterials, Calcium Phosphate Cements, Biomaterials for Orthopedics Made of Calcium Phosphate Combinations), By Application (Orthopedic Implants, Joint Reconstruction or Replacement, Orthobiologics, Viscosupplementation, Bio-Resorbable, Tissue Fixation), By Geographic Scope And Forecast


Published on: 2024-08-07 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Orthopedic Biomaterials Market Size By Material Type (Polymers, Metals, Ceramics and Bioactive Glass Biomaterials, Calcium Phosphate Cements, Biomaterials for Orthopedics Made of Calcium Phosphate Combinations), By Application (Orthopedic Implants, Joint Reconstruction or Replacement, Orthobiologics, Viscosupplementation, Bio-Resorbable, Tissue Fixation), By Geographic Scope And Forecast

Orthopedic Biomaterials Market Size and Forecast

Orthopedic Biomaterials Market size was valued at USD 17.9 Billion in 2023 and is projected to reach USD 17.81 Billion by 2031, growing at a CAGR of 10.70% from 2024 to 2031.

  • Orthopedic biomaterials are specially developed and engineered materials that interact with biological systems in order to treat, augment, or replace musculoskeletal system components. These materials play an important role in orthopedic treatment where they are employed in a number of applications such as joint replacements, bone grafts, spinal implants, and fracture fixation devices. The research and application of orthopedic biomaterials has transformed the treatment of musculoskeletal problems resulting in better patient outcomes, more functionality, and longer-lasting orthopedic implants and devices.
  • The principal use of orthopedic biomaterials is in joint replacement surgeries such as hip and knee arthroplasties. These techniques use biomaterials to replace damaged or diseased joint components with prosthetic implants. Metals such as titanium and cobalt-chromium alloys are widely employed due to their superior mechanical characteristics and biocompatibility. These metals provide the essential strength and endurance to endure the pressures and stresses of everyday life. Furthermore, polyethylene, a type of polymer is commonly employed as a bearing surface in joint replacements due to its low friction and wear resistance.
  • The future of orthopedic biomaterials is poised to transform the field of orthopedic medicine promising substantial advances in the treatment and management of musculoskeletal problems. Metals, ceramics, polymers, and composites are examples of orthopedic biomaterials that are used to create implants, prosthetics, and tissue engineering solutions. These materials are intended to work with biological systems to repair, replace, or improve the function of musculoskeletal tissues. As technology advances, the future usage of orthopedic biomaterials will be defined by many major trends and developments that will improve patient outcomes, increase implant longevity, and shorten recovery times.

Orthopedic Biomaterials Market Dynamics

The key market dynamics that are shaping the orthopedic biomaterials market include

 Key Market Drivers

  • Rising Incidence of Orthopedic DisordersThe rising frequency of orthopedic illnesses such as osteoarthritis, rheumatoid arthritis, osteoporosis, and fractures is a major driver of the orthopedic biomaterials market. The aging global population contributes significantly to this trend as older persons are more vulnerable to chronic illnesses. For example, osteoarthritis is a degenerative joint condition that primarily affects the elderly causing pain, stiffness, and limited mobility. The World Health Organization predicts that by 2050, 130 million people worldwide would suffer from osteoarthritis with 40 million severely crippled.
  • Technological Advancement and Innovation Advancements in material science and biomedical engineering have greatly boosted the orthopedic biomaterials industry. Biomaterials innovations have resulted in more effective, long-lasting, and biocompatible implants and devices. These improvements include the use of improved ceramics, polymers, metals, and composites that provide better performance and durability.
  • Growing Awareness and Adoption of Minimally Invasive SurgeryThe growing preference for minimally invasive surgical treatments is another important driver of the orthopedic biomaterials market. Minimally invasive procedures (MIS) provide various advantages over standard open surgeries including less discomfort, shorter hospital stays, faster recovery, and a lower chance of complications. As a result, there is an increased demand for surgical techniques and materials to support these treatments.

Key Challenges

  • Biocompatibility and BiodegradabilityBiocompatibility and biodegradability are top priorities in the development of orthopedic biomaterials. For a substance to be used efficiently in the body, it must not elicit an undesirable immune response, integrate well with surrounding tissues, and if biodegradable degrade in a controlled manner without toxicity. One of the key concerns is ensuring that the biomaterial does not elicit an immunological response. Non-biocompatible materials can induce inflammation, rejection, and chronic pain. The immune system may identify the material as alien resulting in problems such as infection or the growth of fibrous tissue around the implant.
  • Implant Integration and Longevity Another key difficulty in orthopedic biomaterials is to ensure adequate integration with the surrounding tissues while also encouraging long-term implant stability and durability. Mechanical wear, stress shielding, infection, or poor osseointegration are all potential causes of implant failure or loosening. For example, polymeric implants may wear and degrade with time risking their structural integrity and effectiveness.
  • Infection Control and Antibacterial Properties In orthopedic surgery, infections continue to be a major concern threatening implant success and patient outcomes. Biomaterial-associated infections can emerge as a result of bacterial colonization on implant surfaces or contamination during surgery. Despite strict sterilization standards and antibiotic prophylaxis, the danger of infection remains especially in difficult surgeries or patients with impaired immune systems. To reduce infection concerns, researchers are actively developing orthopedic biomaterials with intrinsic antibacterial capabilities and adding antimicrobial compounds into implant coatings.

Key Trends

  • Biocompatibility and BioactivityOrthopedic biomaterials are increasingly focused on biocompatibility and bioactivity. Biocompatible materials are those that cause little adverse reactions when implanted in the body promoting integration with the surrounding tissues. Bioactivity is a material’s ability to interact with the biological environment frequently resulting in desired responses such as cell adhesion, proliferation, and differentiation. In recent years, there has been a surge of interest in the creation of biomaterials with improved biocompatibility and bioactivity to increase implant success rates and long-term clinical outcomes.
  • Advanced Manufacturing TechnologiesAdvanced manufacturing methods like as additive manufacturing (3D printing) have transformed the creation of orthopedic materials. Additive manufacturing allows for the exact manufacture of complicated geometries and patient-specific implants with customized mechanical properties. This personalization enables orthopedic surgeons to address patient-specific anatomical variances while optimizing implant fit, stability, and usefulness.
  • Regenerative Medicine and Tissue EngineeringRegenerative medicine and tissue engineering are potential approaches for developing orthopedic biomaterials that heal or regenerate injured musculoskeletal tissues. These treatments use biomaterial scaffolds, growth factors, and stem cells to enhance tissue regeneration and functional recovery. Regenerative medicine has orthopedic applications such as cartilage repair, ligament and tendon rebuilding, and bone regeneration.

Orthopedic Biomaterials Market Regional Analysis

Here is a more detailed regional analysis of the orthopedic biomaterials market

North America

  • According to Market Research analyst, North America is expected to dominate the orthopedic biomaterials market. The region is the market leader in worldwide orthopedic biomaterials and it is expected to continue this position for the foreseeable future. A variety of causes contribute to this region’s exceptional growth trajectory, the most notable of which being the increasing prevalence of various orthopedic operations. The increase in patients requiring knee reconstruction or replacement along with a variety of other orthopedic treatments is expected to significantly boost market expansion across North America.
  • The region’s growing older population together with the rising frequency of musculoskeletal problems and age-related ailments highlights the growing need for orthopedic therapies and biomaterials. As people strive to maintain active lifestyles and mobility well into their retirement years, the demand for appropriate orthopedic solutions becomes increasingly important. This demographic transition marked by an increasing number of older persons acts as a catalyst for market expansion promoting the use of orthopedic biomaterials in a wide range of clinical applications from joint replacement to spinal fusion surgery.
  • North America emerge as dominating players in the worldwide orthopedic biomaterials market owing to the confluence of demographic, technical, and regulatory factors. While North America maintains its lead due to the increasing prevalence of orthopedic procedures and a strong healthcare infrastructure.

Asia Pacific

  • The Asia Pacific region is expected to witness the fastest growth in the global orthopedic biomaterials market throughout the forecast period. This surge is mostly due to an increase in the prevalence of bone degenerative diseases and disorders particularly in developing countries such as India and China. These two countries, in particular, stand out for their strong economic growth, expanding populations, and subsequent increase in the number of people suffering from orthopedic disorders.
  • The increasing investment on healthcare and health infrastructure in Asia Pacific is likely to boost market growth for orthopedic biomaterials. Governments and private sector players are making significant investments in expanding healthcare facilities modernizing medical equipment and increasing access to specialized orthopedic care services. This investment is motivated by an understanding of the socioeconomic consequences of musculoskeletal problems and the significance of successfully addressing them in order to ensure the population’s well-being and productivity.
  • Also, this region is expected to experience considerable growth in the orthopedic biomaterials market driven by factors such as rising prevalence of orthopedic illnesses, rising healthcare expenditure, and technological improvements. Countries with vast and increasing populations, such as India and China are likely to contribute significantly to this expansion as they strive to efficiently handle their people’ healthcare requirements.

Orthopedic Biomaterials Market Segmentation Analysis

The Orthopedic Biomaterials market is segmented based on Material Type, Application and Geography.

Orthopedic Biomaterials Market, By Material Type

  • Polymers
  • Metals
  • Ceramics and Bioactive Glass Biomaterials
  • Calcium Phosphate Cements
  • Biomaterials for Orthopedics Made of Calcium Phosphate Combinations

Based on Material Type, the market is divided into Polymers, Metals, Ceramics and Bioactive Glass Biomaterials, Calcium Phosphate Cements, Biomaterials for Orthopedics Made of Calcium Phosphate Combinations. The Ceramics and Bioactive Glass Segment emerged as the market leader driven by their extensive utilization in repairing hard tissues across various procedures. Meanwhile, the polymer segment is forecasted to experience notable growth due to its expanding application in bone cement and load-bearing areas for complete joint arthroplasties.

Orthopedic Biomaterials Market, By Application

  • Orthopedic Implants
  • Joint Reconstruction or Replacement
  • Orthobiologics
  • Viscosupplementation
  • Bio-Resorbable
  • Tissue Fixation

Based on Application, the market is divided into Orthopedic Implants, Joint Reconstruction or Replacement, Orthobiologics, Viscosupplementation, Bio-Resorbable, Tissue Fixation. The Orthopedic Implant Segment emerged as the dominant force in the market and is projected to maintain its stronghold throughout the forecast period. Notably, biomaterials play a pivotal role in plastic surgeries as highlighted by the American Society of Plastic Surgeons. The escalating global demand for plastic surgeries is poised to further propel the biomaterials market forward. With orthopedic implants maintaining their prominence and the burgeoning interest in plastic surgeries worldwide, the biomaterials sector is poised for sustained growth.

Orthopedic Biomaterials Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Based on Geography, the Orthopedic Biomaterials market is classified into North America, Europe, Asia Pacific, and the Rest of the World. North America is estimated to top the global market throughout the estimated time period. The growth in North America has been attributed to the increasing prevalence of various orthopedic surgeries. Growing number of patients requiring knee reconstruction or replacement and other orthopedic procedures are likely to enhance the growth of the market in the region.

Key Players

The orthopedic biomaterials study report will provide valuable insight with an emphasis on the global market. The major players in the market are Acumed, LLC, Medtronic plc, Globus Medical, Inc., Stryker Corporation, Koninklijke DSM N.V., Exactech, Inc., Johnson & Johnson, Zimmer Biomet, Wright Medical Group, Inc., and NuVasive, Inc.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Orthopedic Biomaterials Market Recent Developments

  • In February 2022, Bonalive Biomaterials Lid, a Finnish medical device company, was recognized as a breakthrough device by the US Food and Drug Administration’s Center for Devices and Radiological Health. The granules, made of a unique 53P4 bioactive glass, have been designated as such.
  • In March 2022, Synergy Biomedical, LLC, a developer of breakthrough biomaterial solutions, announced the release of BIOSPHERE FLEX SP EXTREMITIES, a synthetic bioactive bone graft. BIOSPHERE FLEX SP Extremities is a sheet putty made up of unique spherical bioactive glass grains blended with a porous collagen and sodium hyaluronate carrier that uses Synergy’s exclusive BIOSPHERE Technology. This product complements the Synergy FLEX sheet putty series.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2020-2031

BASE YEAR

2023

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2020-2022

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Acumed, LLC, Medtronic plc, Globus Medical, Inc., Stryker Corporation, Koninklijke DSM N.V., Exactech, Inc., Johnson & Johnson, Zimmer Biomet, Wright Medical Group, Inc., and NuVasive, Inc

SEGMENTS COVERED

By Material Type, By Application and By Geography.

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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