Orthopedic Biomaterial Market Revenue, Company Profile, Key Trend Analysis & Forecast, 2030 from ashwini57sharma's blog

The Global Orthopedic Biomaterial Market report provides vital information that prepares market players to give fierce competition to their toughest competitors based on growth, sales, and revenue, among other essential factors. The study has been conducted on the basis of inputs from the industry leaders. Thus, a conscious effort to dive deep and unearth hard to find information pertaining to the growing market landscape and growth prospects over the next few years is clearly visible in the study. The market intelligence report further comprises of discussions about the major vendors operating in the Orthopedic Biomaterial space.

The Global Orthopedic Biomaterial Market revenue growth is primarily attributed to rapidly growing geriatric population worldwide, increasing incidence of musculoskeletal disorders such as osteoarthritis and osteoporosis, and increasing occurrence of falls, road accidents, fractures, sports injuries, traumatic tissue damage. Surge in demand for orthopedic biomaterials in the healthcare industry and growing use of orthopedic biomaterials in repair, reconstruction, and regeneration of damaged tissue are other major factors driving the global orthopedic biomaterial market revenue growth.

Orthopedic biomaterials are organic or synthetic materials used in medical procedures such as orthopedic surgeries to aid in the repair, regeneration, or restoration of the structural integrity of tissue and bones. These materials perform various biological functions in the body by substituting the damaged tissue, bones, ligaments, or tendons. Key application areas of orthopedic biomaterials include spine implants, joint replacement, orthobiologics, bio-resorbable tissue fixation, and viscosupplementation. Hence, increasing volumes of orthopedic surgeries including joint reconstruction, joint arthroplasty, and viscosupplementation, and rapid adoption of next-generation, highly advanced orthopedic biomaterials are expected to further contribute to market revenue growth over the forecast period.

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COVID-19 Impact Analysis:

• Social distancing and restrictions severely disrupted businesses and operations
• Lockdowns caused disruptions in transportation and logistics
• Impacted manufacturing activities and mining operations globally
• Took a toll on economy of various countries
• Caused sudden and drastic downturn in economic activity
• Disrupted agriculture, fisheries, dairy, and other sectors
• Caused loss of employment and financial crisis
• Supply impacts were further compounded owing to reduced disposable income
• Emergence of variants  continue to cause concerns and impact normal routines

Top players profiled in the report include: Evonik Industries AG, Zimmer Biomet, Matexcel, Globus Medical, Stryker Corporation, DSM Biomedical, Invibio Ltd., CAM Bioceramics BV, DePuy Synthes, and ExaTech Inc.

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Emergen Research has segmented the global orthopedic biomaterial market on the basis of material type, application, end-use, and region:

Material Type Outlook (Revenue, USD Billion; 2018–2028)

• Polymers
• Ceramics & Bioactive Glasses
• Composites
• Metals
• Calcium Phosphate

Application Outlook (Revenue, USD Billion; 2018–2028)

• Orthopedic Implants
• Orthobiologics
• Joint Reconstruction/Replacement
• Bio-resorbable Tissue Fixation
• Visco Supplementation

End-Use Outlook (Revenue, USD Billion; 2018–2028)

• Hospitals
• Specialty Clinics
• Ambulatory Surgical Centers

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Regional Outlook (Revenue, USD Billion; 2018–2028)

• North America
1. U.S.
2. Canada
3. Mexico
• Europe
1. Germany
2. U.K.
3. France
4. Italy
5. Spain
6. Sweden
7. BENELUX
8. Rest of Europe
• Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
• Latin America
1. Brazil
2. Rest of LATAM
• Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Israel
5. Rest of MEA

Some Key Highlights in the Report

• In March 2020, Evonik Industries AG made an announcement about the development of an innovative osteoconductive PEEK biomaterial, which may be used to enhance bone fusion with an implant.
• 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.
• Orthopedic biomaterials market revenue in Asia Pacific is expected to register the fastest CAGR during the forecast period attributed to rising incidence of chronic orthopedic conditions and increasing investments in healthcare infrastructure development in developing economies. Additionally, rising disposable income and growing demand for novel orthopedic surgical solutions are fueling market growth in the region.

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Key Offerings of the Report:

1. Detailed overview of market dynamics including drivers, restraints, opportunities, challenges, and growth prospects
2. Analysis of the key strategic initiatives and competitive landscape including mergers & acquisitions, joint ventures, collaborations, product launches, and brand promotions, and partnerships, among others
3. Comprehensive analysis of the industry outlook and analysis of the industrial chain
4. Market forecast based on global, regional, and country-level market analysis
5. Competitive landscape benchmarking
6. In-depth analysis of the key market players with their product portfolios, financial positions, unique selling points, market share and size, and a comprehensive overview of their business

Thank you for reading this report. For further details or inquiries, please connect with us, and our team will ensure the report is tailored to meet your requirements.

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