Orthopedic Biomaterials Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Orthopedic Biomaterials Market Analysis
The Orthopedic Biomaterials Market is expected to register a CAGR of 7.5% during the forecast period.
Due to nationwide lockdowns during the pandemic, private and public transportation was restricted, resulting in fewer road accidents and injuries. As a result, the focus of the healthcare facilities switched from surgical procedures to COVID-19 patients, which had a short-term impact on the market in the initial pandemic phase, particularly in specialized hospitals. In addition, orthopedic centers and hospitals worldwide were handling only emergency conditions as they were operating with limited resources, while other hospitals were transformed into containment facilities and treatment units for COVID-19 patients. The inevitable pausing of all elective surgeries had limited hands-on practice and exposure to several procedures. Thus, such factors greatly impacted the demand for orthopedic biomaterials during the COVID-19 pandemic globally. However, the post-COVID-19 situation will likely grow as pending procedures increase in the surgical volume.
Moreover, the rising number of sports injuries, an increasing number of trauma cases from accidents, and growing orthopedic surgeries like joint reconstruction and joint arthroplasty are also creating a massive demand for orthopedic biomaterials, thus driving the growth of the orthopedic biomaterial market.
The incidence of sports injuries has increased over the last few years, primarily due to the growing participation in sports as well as active participation in fitness activities. For instance, an article published in June 2021 by Frontiers in Sports and Active Living reported that the 1-year prevalence of a severe sports injury episode was 31%. The most common injury locations for these injuries were the knee (25%), ankle (20%), and hip/groin (15%). Also, the point prevalence of an ongoing injury episode was 19%. The most common locations were the knee (24%), ankle (24%), and foot (24%). Thus, high sports-related injury leads to increasing demand for orthopedic biomaterials, fueling the studied market's growth.
The rising geriatric population, growing incidences of musculoskeletal injuries, and rising numbers of patients opting for knee replacement, construction, and other joint-related orthopedic procedures are expected to drive market growth. According to the United Nations Department of Economic and Social Affairs, World Population Prospects 2022, the share of the global population aged 65 years or above is projected to rise from 10% in 2022 to 16% in 2050. By 2050, the number of persons aged 65 years or over worldwide is projected to be more than twice the number of children under age five and about the same as that of children under age 12. As the growing geriatric population worldwide is more susceptible to joint problems and surgeries, the adoption of orthopedic biomaterials will likely increase over the coming years. Additionally, according to the World Health Organization's update of July 2022, approximately 1.71 billion people have musculoskeletal conditions worldwide. Such a high burden of musculoskeletal conditions results in increased musculoskeletal injuries, which drives the growth of the market for orthopedic biomaterials.
Furthermore, the advancements in the field are also propelling the market's growth. For instance, in October 2021, Osfirm launched a novel implantable Whitlockite Biomaterial. Whitlockite is a form of magnesium tricalcium phosphate that has shown superior bioactive regenerative and reconstructive properties and excellent biocompatibility, making it an ideal biomaterial for implant use on sites of fracture or bone defects.
Thus, the factors above are expected to boost the market's growth throughout the analysis period. However, the lack of reimbursement policies associated with the procedures may hamper the market's growth to a certain extent.
Orthopedic Biomaterials Market Trends
This section covers the major market trends shaping the Orthopedic Biomaterials Market according to our research experts:
The Ceramics & Bioactive Glasses Segment in Orthopedic biomaterial is Estimated to Witness a Healthy Growth in Future.
The ceramics & bioactive glasses segment by material type is estimated to witness healthy growth in the future. This is attributed to the increasing adoption of several spine surgeries and interbody fusion procedures. In addition, an increase in synthetic cages and pedicle screws during fixation procedures drives segment growth. Synthetic cages and pedicle screws maintain stability in the target patient pool and increase allograft fusion rates.
According to the personalized orthopedics of the Palm Beaches in November 2021, knee replacement surgery is carried out about 800,000 times a year in the United States alone, and that number keeps rising. Moreover, according to a study by The University of Queensland, in June 2022, Researchers discovered that 57.7% of the 56,217 patients who had knee replacement surgery for osteoarthritis (OA) were obese. Therefore, one factor that is also anticipated to fuel the segment's growth is the rising prevalence of obesity.
Additionally, in February 2022, Orthofix Medical launched a synthetic bioactive bone graft solution, Opus BA, a mix of carbonate apatite bone mineral, bioactive glass, and Type 1 collagen carrier for cervical and lumbar spine fusion procedures. Acting as a scaffold, Opus BA allows the bone to grow across the surface and is reabsorbed and replaced with a natural bone while healing. Such launches are propelling the growth of the segment.
Thus, owing to the abovementioned factors, the market segment is expected to show growth over the forecast period.
North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period
North America is expected to hold a significant market share in the global orthopedic biomaterials market due to the increasing number of the target population, surge in the geriatric population, high adoption of advanced products associated with orthopedics, and the presence of a large number of pharmaceutical companies dealing in orthopedics.
The increasing cases of knee injuries are one of the major drivers of segment growth. For instance, as per the report published by the Canadian Institute of Health Information in June 2021, knee replacements in Canada are among the top 3 inpatient surgeries which are performed each year.
Moreover, as per the 2021 report of the National Safety Council, in 2020, for all ages, injuries from bicycles and accessories were 425,910, injuries reported from exercise and exercise equipment were 377,939, injuries reported from ATVs, mopeds, minibikes, etc., was 229,974. From skateboards, scooters, and hoverboards, 217,646 injuries were reported in 2020. This prevalence of a high number of sports-related injuries in the region is expected to boost the demand for orthopedic bone cement and lead the market toward growth.
Additionally, the approval from the regulatory authorities is also propelling the growth of the market. For instance, in June 2022, CeramTec received the US FDA Administration breakthrough device designation for a novel ceramic total knee replacement device. Such approvals are boosting the growth of the market.
Thus, owing to the abovementioned factors, the market is expected to show growth in the region.
Orthopedic Biomaterials Industry Overview
The orthopedic biomaterials market is moderately competitive and consists of several major players. Some companies currently dominating the market are Koninklijke DSM N.V., Zimmer Biomet, Stryker, Invibio Ltd., Evonik Industries, DePuy Synthes, Cam Bioceramics, Exactech, Inc., and Globus Medical Inc., among others.
Orthopedic Biomaterials Market Leaders
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Koninklijke DSM N.V
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Zimmer Biomet
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Stryker
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Invibio Ltd
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Evonik Industries
*Disclaimer: Major Players sorted in no particular order
Orthopedic Biomaterials Market News
- In March 2022, Evonik launched an osteoconductive VESTAKEEP Fusion PEEK filament for 3D-printed implants.
- In March 2022, Synergy Biomedical, LLC, a developer of innovative biomaterial products, launched BIOSPHERE FLEX SP EXTREMITIES, Synthetic Bioactive Bone Graft. BIOSPHERE FLEX SP Extremities is a sheet putty composed of innovative spherical bioactive glass granules combined with a porous collagen/sodium hyaluronate carrier.
Orthopedic Biomaterials Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Rising Prevalence of Geriatric Population
- 4.2.2 Growing Incidences of Musculoskeletal Injuries
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4.3 Market Restraints
- 4.3.1 Reimbursement Policies
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4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value-USD million)
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5.1 By Material Type
- 5.1.1 Polymers
- 5.1.2 Ceramics & Bioactive Glasses
- 5.1.3 Calcium Phosphate Cements
- 5.1.4 Metal
- 5.1.5 Others
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5.2 By Application
- 5.2.1 Orthobiologics
- 5.2.2 Joint Replacement/Reconstruction
- 5.2.3 Viscosupplementation
- 5.2.4 Orthopedic Implants
- 5.2.5 Others
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5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Mexico
- 5.3.2 Europe
- 5.3.2.1 Germany
- 5.3.2.2 United Kingdom
- 5.3.2.3 France
- 5.3.2.4 Italy
- 5.3.2.5 Spain
- 5.3.2.6 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 China
- 5.3.3.2 Japan
- 5.3.3.3 India
- 5.3.3.4 Australia
- 5.3.3.5 South Korea
- 5.3.3.6 Rest of Asia-Pacific
- 5.3.4 Middle East and Africa
- 5.3.4.1 GCC
- 5.3.4.2 South Africa
- 5.3.4.3 Rest of Middle East and Africa
- 5.3.5 South America
- 5.3.5.1 Brazil
- 5.3.5.2 Argentina
- 5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Koninklijke DSM N.V.
- 6.1.2 Zimmer Biomet
- 6.1.3 Stryker
- 6.1.4 Invibio Ltd.
- 6.1.5 Evonik Industries
- 6.1.6 DePuy Synthes
- 6.1.7 Cam Bioceramics
- 6.1.8 Exactech, Inc
- 6.1.9 Globus Medical Inc
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityOrthopedic Biomaterials Industry Segmentation
As per the scope, orthopedic biomaterial comprises ceramics, calcium phosphate cement, metals, and polymers, widely used in joint replacement, spine implants, Orth biologics, bioresorbable tissue fixation, and many more. The Orthopedic Biomaterials Market is Segmented By Material Type (Polymers, Ceramics & Bioactive Glasses, Calcium Phosphate Cement, Metal, and Others), By Application (Orthobiologics, Joint Replacement/Reconstruction, Viscosupplementation, Orthopedic Implants, Others), and Geography. (North America, Europe, Asia-Pacific, Middle East, Africa, and South America). The report also covers the estimated market sizes and trends for 17 countries across major global regions. The report offers the value (USD million) for the above segments.
| By Material Type | Polymers | |
| Ceramics & Bioactive Glasses | ||
| Calcium Phosphate Cements | ||
| Metal | ||
| Others | ||
| By Application | Orthobiologics | |
| Joint Replacement/Reconstruction | ||
| Viscosupplementation | ||
| Orthopedic Implants | ||
| Others | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Middle East and Africa | GCC |
| South Africa | ||
| Rest of Middle East and Africa | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America |
Orthopedic Biomaterials Market Research FAQs
What is the current Global Orthopedic Biomaterials Market size?
The Global Orthopedic Biomaterials Market is projected to register a CAGR of 7.5% during the forecast period (2024-2029)
Who are the key players in Global Orthopedic Biomaterials Market?
Koninklijke DSM N.V, Zimmer Biomet, Stryker, Invibio Ltd and Evonik Industries are the major companies operating in the Global Orthopedic Biomaterials Market.
Which is the fastest growing region in Global Orthopedic Biomaterials Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Orthopedic Biomaterials Market?
In 2024, the North America accounts for the largest market share in Global Orthopedic Biomaterials Market.
What years does this Global Orthopedic Biomaterials Market cover?
The report covers the Global Orthopedic Biomaterials Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Orthopedic Biomaterials Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Orthopedic Biomaterials Industry Report
Statistics for the 2024 Orthopedic Biomaterials market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Orthopedic Biomaterials analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
