ALBANY, N.Y., Sept. 10, 2021 /PRNewswire/ -- Continuous advancements in material design and surface engineering techniques for bio-implants have led to the expanding array of biomaterials to treat various orthopedic disorders. Notable modifications in biomaterial designs have stemmed from these advancements, and have helped restore or modify the physiological function of diseased or damaged tissues in patients.
The prevalence of work-related musculoskeletal injuries and ceaseless research on developing better implants for the patient population will help the global market valuation to grow 2X from 2017 to 2027 to reach US$ 21.28 Bn by the end of 2027. Asia Pacific is expected to be an emerging market, offering lucrative opportunities to medical device manufacturers in the orthopedic biomaterials market.
Moreover, strides made in tissue engineering approaches hold promise for increasing the functionality of implants used broadly in joint replacements, spine implants, and bio-resorbable tissue fixation, and expanding the avenue for medtech companies in orthopedic biomaterials market. The application of nanotechnologies coupled with 3D printing of biomaterials has increased the outcomes of orthopedic surgeries, especially in elderly patients.
Key Findings of Orthopedic Biomaterials Market Study
Focus on Improving Reliability, Functionalities of Implants to Help Reduce Musculoskeletal Disorders: Medical device companies have extensively researched on bio-implant materials over the past few decades, focusing on their designs and integration of implant into host tissues. The currently available products in the orthopedic biomaterials market are gaining uptake for treating or managing musculoskeletal disorders and orthopedic injuries, such as those arising from extreme sports and adventure activities. Sports injuries related to lower extremities such as ankle and foot sprains, strains, and fractures have fueled the demand. Particularly, advancements in technologies used for surface engineering of these biomaterials have transformed arthroscopy.
Nanotechnology 3D Printing to Spur Development of Smart Biomaterials in Orthopedics: The 3D printing technology has opened new vistas in the orthopedic biomaterials market. The technology is brimming with market possibilities, as it can be used to harness nanomaterial scaffolds for complex tissue regeneration. The 3D printed orthopedic biomaterials have shown great promise for bone implants, essentially in engineering complex geometries. Coupled with nanotechnology, 3D printed smart biomaterials will help integrate growth factors, improve fibrous tissue formation, and boost overall outcomes.
Pursuit for Better Materials for Tissue Engineering Boosts Outlook of Regenerative Therapies: Strides made in tissue engineering are enriching the arena of regenerative medicine and improving the value chain of players in the orthopedic biomaterials market. New stem cell-based regenerative approaches are being tested for preventing the traumatic loss of tissues and improving immune response toward biomaterials. Some of the common orthopedic biomaterials are calcium phosphate cements, glass-ceramic and bioactive glasses, polymers, and metals.
Orthopedic Biomaterials Market: Key Drivers
High prevalence of musculoskeletal disorders (MSDs) has led to occupational health problems in the workplace globally, propelling the demand for biomaterials to treat them. In addition, rise in aging population has spurred the demand for joint replacement procedures, thereby positively impacting the market.
Rise in incidence of injuries in extreme sports and adventure has boosted the orthopedic biomaterials market growth
Extensive research on preclinical safety and efficacy of orthopedic biomaterials is expanding market avenue
Some of the key players in the orthopedic biomaterials market are Globus Medical, Inc., NuVasive, Inc., Arthrex, Inc., DJO Global, Inc., Medtronic, Smith & Nephew plc., DePuy Synthes, Stryker, and Zimmer Biomet Holdings, Inc. A number of medtech and medical device manufacturing companies is keen on launching orthopedic devices with better outcomes to meet the unmet needs of patients in joint replacements and spine implants.
North America is expected to be a significant market for orthopedic biomaterials. Wide adoption of precise surgical techniques in orthopedics, favorable reimbursement framework in the region, and research on developing novel biomaterials to treat musculoskeletal disorders are factors cementing the revenue prospects of this regional market.
On the other hand, opportunities in the Asia Pacific orthopedic biomaterials market are anticipated to rise, mainly due to a large patient population. India and China are the key countries contributing sizable revenue streams in the current market.
Global Orthopedic Biomaterials Market: Segmentation
Orthopedic Biomaterials Market, by Material
Glass-ceramic & Bioactive Glasses
Calcium Phosphate Cements
Orthopedic Biomaterials Market, by Application
Bio-resorbable Tissue Fixation
Orthopedic Biomaterials Market, by End User
Orthopedic Biomaterials Market, by Region
Rest of the Europe
Australia & New Zealand
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
Rest of Middle East & Africa
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