ORTHOPEDIC BIOMATERIAL MARKET ANALYSIS

Orthopedic Biomaterial MarketSize and Trends

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).

Global Orthopedic Biomaterial Market - Segmentation

The global orthopedic biomaterial market report is segmented into material type, application, end user, and region.

• Based on material type, the market is segmented into glass-ceramic & bioactive glasses, calcium phosphate cements, polymer, metals, and composites. Among the material type segment, glass-ceramic & bioactive glasses contribute the highest share of the market owing to its superior properties and advantages over other biomaterials.
• Based on application, the market is segmented into joint replacement, spine implants, orthobiologics, viscosupplementation, bio-resorbable tissue fixation, and others. Among these segments, joint replacement contributes the highest share of the market, this is attributed to the rising cases of osteoarthritis and musculoskeletal disorders globally.
• Based on end user, the market is segmented into hospitals, orthopedic clinics, and others. Among these segments, hospitals contribute the highest share of the market, owing to the high volume of orthopedic procedures like joint replacement, spinal fusion, and bone repair surgeries performed at inpatient facilities.
• Based on region, the market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Out of which, North America is expected to dominate the market over the forecast period due to increasing investments and funding in the research and development of orthopedic biomaterials.
• Among all the segmentation, the glass-ceramic & bioactive glasses from material type segment is expected to dominate the market over the forecast period due to increasing product launches by market players.