Orthopedic Biomaterials Market To Reach $ 21.3 Billion By 2027 Due To The Use Of Orthopedic Biomaterials In Regenerative Stem Cell Drugs, According To TMR Study

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ALBANY, NY, September 10, 2021 / PRNewswire / – Continued advancements in material design and surface engineering techniques for bio-implants have led to the expansion of the range of biomaterials to treat various orthopedic disorders. Notable changes in biomaterial design have resulted from these advances and have helped restore or modify the physiological function of diseased or damaged tissue in patients.

The prevalence of work-related musculoskeletal injuries and the relentless research on developing better implants for the patient population will help the global market valuation to grow 2X from 2017 to 2027 to achieve US $ 21.28 billion by the end of 2027. Asia Pacific is expected to be an emerging market, providing lucrative opportunities for medical device manufacturers in the orthopedic biomaterials market.

Additionally, advances in tissue engineering approaches hold promise for increasing the functionality of implants widely used in joint replacements, spine implants, and bioresorbable tissue fixation, and widening the path for medical technology companies. in the orthopedic biomaterials market. The application of nanotechnologies coupled with 3D printing of biomaterials has increased the results of orthopedic surgeries, especially in elderly patients.

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Key Findings of the Orthopedic Biomaterials Market Research

  • Focus on improving the reliability and functionality of implants to help reduce musculoskeletal disorders: Medical device companies have carried out extensive research into bio-implant materials over the past decades, focusing on their designs and the integration of the implant into host tissues. Products currently available in the orthopedic biomaterials market are increasingly used for the treatment or management of musculoskeletal disorders and orthopedic injuries, such as those resulting from extreme sports and adventure activities. Sports injuries related to the lower limbs, such as sprains, strains and fractures of the ankle and foot, have fueled demand. In particular, advances in technologies used for the surface engineering of these biomaterials have transformed arthroscopy.
  • Nanotechnology 3D printing to stimulate the development of intelligent biomaterials in orthopedics: 3D printing technology has opened up new perspectives in the orthopedic biomaterials market. The technology is full of market possibilities, as it can be used to harness nanomaterial scaffolds for complex tissue regeneration. 3D printed orthopedic biomaterials have shown great promise for bone implants, primarily in the engineering of complex geometries. Coupled with nanotechnology, intelligent 3D printed biomaterials will help integrate growth factors, enhance fibrous tissue formation, and improve overall outcomes.

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  • The pursuit of better materials for tissue engineering increases the prospects for regenerative therapies: Advances in tissue engineering enrich the field of regenerative medicine and improve the value chain of players in the orthopedic biomaterials market. New regenerative approaches based on stem cells are being tested to prevent traumatic tissue loss and improve the immune response to biomaterials. Some of the common orthopedic biomaterials are calcium phosphate cements, ceramic and bioactive glass, polymers, and metals.

Orthopedic biomaterials market: main drivers

  • The high prevalence of musculoskeletal disorders (MSDs) has led to occupational health issues in the workplace globally, propelling the demand for biomaterials to treat them. In addition, the increase in the aging population has boosted the demand for joint replacement procedures thereby positively impacting the market.
  • Rising Injury Incidence In Extreme Sports And Adventure Driven Growth Of Orthopedic Biomaterials Market
  • Extensive Research into Preclinical Safety and Effectiveness of Orthopedic Biomaterials Expands Market

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Orthopedic biomaterials market: competitive dynamics

Some of the major 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 medical technology and medical device manufacturing companies are interested in launching orthopedic devices with better outcomes to meet the unmet needs of patients for joint replacements and spinal implants.

Orthopedic biomaterials market: regional growth dynamics

North America is expected to be a significant market for orthopedic biomaterials. The widespread adoption of precise surgical techniques in orthopedics, a favorable reimbursement framework in the region, and research on the development of new biomaterials to treat musculoskeletal disorders are factors that enhance the revenue prospects of this regional market.

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On the other hand, the opportunities in the Asia Pacific The orthopedic biomaterials market is expected to increase mainly due to a large patient population. India and China are the key countries that contribute important sources of income in today’s market.

Global Orthopedic Biomaterials Market: Segmentation

  • Orthopedic Biomaterials Market, By Material
    • Vitroceramic and bioactive glasses
    • Calcium Phosphate Cements
    • Polymers
    • Metals
    • Composite materials
  • Orthopedic Biomaterials Market, By Application
    • Joint replacements
    • Spine implants
    • Orthobiology
    • Viscosupplementation
    • Bio-absorbable tissue fixation
  • Orthopedic Biomaterials Market, By End User
    • Hospitals
    • Orthopedic clinics
    • Others
  • Orthopedic Biomaterials Market, By Region
    • North America
    • Europe
      • Germany
      • UK
      • France
      • Italy
      • Spain
      • The rest of Europe
    • Asia Pacific
      • China
      • India
      • Japan
      • Australia & New Zealand
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East & Africa
      • GCC countries
      • South Africa
      • Rest of Middle East & Africa

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