Orthopedic Biomaterials Market by Type (Metal, Polymer, Ceramic, Orthobiologics, Stainless Steel, PMMA, PEEK, Calcium Phosphate, Alumina, DBM, BMPs) By Application (Arthroplasty, Viscosupplementation, Spine Surgery, Fracture) – Global Forecast to 2022
The global orthopedic biomaterials market type is expected to reach $38,100.2 million by 2020 from $22,074.0 million in 2015 at a CAGR of 11.5% from 2015 to 2020.
Orthopedics is one of the most prominent applications of biomaterials. Orthopedic biomaterials are being increasingly used for treating various musculoskeletal and joint related disorders. This upsurge in the demand of orthopedic biomaterials is driven by augmenting hip and knee replacement surgeries, growing geriatric population, and rising aging population. Furthermore, rising awareness regarding orthopedic disorders and its treatment has also propelled the demand of orthopedic biomaterials. Moreover, citing the demand and potentials of orthopedic biomaterials, the governments of various countries are also providing funds and grants for developing new and advanced biomaterials. However, rising failure of joint implants and high cost of production of biomaterials are some factors which can hinder the growth of the market up to some extent.
Metals are most widely used orthopedic biomaterial and find wide application in arthroplasty and fracture fixation devices. However, ceramics, polymers, and orthobiologics segments are poised to witness high double digit growth in the coming five years.
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Source: World Health Organization, Society for Biomaterials, The European Society for Biomaterials, Center for Disease Control and Prevention, American Academy of Orthopedic Surgeon, Asia Pacific Orthopedic Association, Indian Orthopedic Association, Journal of the Royal Society, Expert Interviews, and Market Research Future Global Analysis
The report provides comprehensive view about the orthopedic biomaterials market. The reports includes four types of biomaterials
- Stainless Steel
- Titanium Alloy
- Cobalt and Chromium Alloys
- Precious Metals
- Zirconium dioxide
- Calcium Phosphate
- Calcium Sulphate
- Bioactive Glass Ceramics
- Polymethylmethacrylate (PMMA)
- Polyetheretherketone (PEEK)
- Chitin & Chitosan
- Hyaluronic Acid
- Demineralised Bone Matrix (DBM)
- Growth Factor Proteins
- Bone Morphogenetic Proteins
- Stem Cells
The report also provides in-depth analysis of various applications in which orthopedic biomaterials are used. Furthermore, the report also provides detailed analysis of various geographies including North America, Europe, Asia, and Rest of the World. These geographies have been sub divided into countries such as the U.S., Canada, Germany, France, Italy, the U.K, Spain, India, China, and Japan. The report also covers the Global Orthopedic Biomaterials market landscape and its growth prospects in the coming years.
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