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Friday, December 17, 2021

Global Orthopaedic Biomaterials Market To Be Driven By The Increasing Geriatric Population In The Forecast Period Of 2022-2027

The new report by Expert Market Research titled, ‘Global Orthopaedic Biomaterials Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global orthopaedic biomaterials market, assessing the market based on its segments like applications, types, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

  • Historical Market Size (2020): USD 13.25 Billion
  • Forecast CAGR (2022-2027): 10.4%

The growing geriatric population is driving the worldwide orthopedic biomaterials market. The market is also fueled by an increase in the number of trauma cases resulting from accidents, falls, and sports. Other factors driving the industry’s growth include the rising number of orthopedic surgeries such as joint arthroplasty, joint reconstruction, and viscosupplementation.

Industry Definition and Major Segments

Orthopedic biomaterials are biologically made up of organic or synthetic materials that help restore the structural integrity of bones that have been damaged by trauma or disease. It’s also used to heal interior fractures.

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Based on applications, the market can be segmented into:

Based on the type of orthopaedic materials, the market can be divided into:

On the Basis of region, the market can be divided into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa

Market Trends

North America is the leading market because of the increasing number of patients requiring knee replacement, reconstruction, and other orthopedic procedures, as well as the adoption of improved products for bone void filling and implant load-bearing. As a result of the increased incidence of degenerative bone disorders in low-income nations, rising healthcare expenditure, and building healthcare infrastructure, Asia Pacific is the fastest-growing orthopedic biomaterials market.

Key Market Players

The major players in the market are DSM Biomedical (OTCMKTS: RDSMY), Evonik Industries AG, Stryker Corporation, Zimmer Biomet, DePuy Synthes, Invibio Ltd, CAM Bioceramics B.V., Globus Medical, Exactech, Inc., and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

Media Contact

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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