1. Market Research
  2. > Biotechnology
  3. > Industrial Biotechnology Market Trends
Global Orthopedic Biomaterials Market (2019-2025)

Global Orthopedic Biomaterials Market (2019-2025)

  • September 2019
  • 178 pages
  • ID: 5823330
  • Format: PDF
  • By KBV Research

Summary

Table of Contents

The Global Orthopedic Biomaterials Market size is expected to reach $20.4 billion by 2025, rising at a market growth of 10.2% CAGR during the forecast period. The increased demand for orthopedic biomaterials of the next generation, designed to satisfy the need for a targeted orthopedic procedure, has strengthened global business growth. Regarding these products, on the other hand, restricted reimbursement insurances coupled with decreasing reimbursement for orthopedic implants has hampered the market growth in multiple nations. Furthermore, the inability to repay producers has created pressure on them to reduce the rates of those products and thereby limiting the market growth.

Orthopedic biomaterials are synthetic or organic materials of biologic composition. These materials are used to internally fix the fracture. Biomaterial devices that are engineered for a huge number of orthopedic applications are widely termed as ‘Implants’. These help in re-establishing the structural stability of the injured bone caused by trauma or diseased conditions. The market of orthopedic biomaterials includes bone graft replacements, growth factors, cell therapy, orthopedic stem cells, visco supplementation of hyaluronic acid, cartilage repair, and bone allografts. The industry of orthopedic biomaterials includes artificial, inorganic or synthetic materials. These materials can be implanted into or near the indicated bone for healing purposes, stimulating augmentation in bone tissue, offsetting for the damage of bone tissue and restoring the structure for repair.

Based on Material Type, the market is segmented into Emergency Care, Short-Term Stabilization, Trauma Care, Acute care surgery and Other Conditions. Based on Application, the market is segmented into Orthopedic Implants, Joint Replacements, Bio-resorbable Tissue Fixation, Orthobiologics and Visco Supplementation. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. The Asia-Pacific region is projected to grow at a rapid pace over the forecast period. This trend can be attributed to the influence of key factors like the increased prevalence of bone disorders and bone degenerative diseases in low- and middle-income countries. Increased incidence of bone degenerative diseases and bone disorder in low-and middle-income nations are key variables influencing the global economy. Also, growing expenses on health care and enhancing health infrastructure are anticipated to be a high-impact growth factor in the region.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Zimmer Biomet Holdings, Inc., Stryker Corporation, Victrex PLC (Invibio Ltd.), Globus Medical, Inc., CAM Bioceramics B.V., Heraeus Holding GmbH, Exactech, Inc., Collagen Matrix, Inc., Evonik Industries AG and Koninklijke DSM N.V. (DSM Biomedical B.V.). Companies are focusing on innovative strategies to compete in the market space. For instance, in November 2018, Stryker (US) acquired K2M Group Holdings, Inc. for expansion of its instruments which are used in orthopedics. In March 2019, Exactech (US) purchased XpandOrtho for the expansion of ExactechGPS® Computer-Assisted surgery system.

Recent strategies deployed in Orthopedic Biomaterials Market

Acquisition and Mergers:

Sep-2019: Evonik has made investment in Meditool for using the implant technologies of the company which are used in surgeries.

Sep-2019: Globus Medical has acquired StelKast in order to develop robotic joint reconstruction systems.

Sep-2019: Heraeus has taken over Via Biomedical in order to expand the medical devices of the company.

Apr-2019: Victrex made investment in Bond High Performance 3D Technology in order to strengthen the polymers of the company.

Mar-2019: Exactech has purchased XpandOrtho for the expansion of ExactechGPS® Computer-Assisted surgery system.

Nov-2018: Stryker has acquired K2M Group Holdings, Inc. for expansion of its instruments which are used in orthopedics.

Oct-2018: Stryker tookover HyperBranch Medical in order to expand its business by developing medical devices based upon polymers and cross-linked hydrogels.

Sep-2017: Heraeus tookover Biotectix LLC which helps the company in delivering conductive polymer materials in order to increase the performance of sensing and stimulation electrodes used in diagnostic and therapeutic medical devices.

Apr-2017: Victrex acquired Zyex in order to expand its business by developing PEEK-based solutions.

Sep-2016: Globus Medical has acquired Alphatec Holdings, Inc. for the expansion of its business capabilities.

Apr-2016: Stryker has taken over CareFusion vertebral compression fracture products from Bd for the expansion of its business.

Mar-2015: Globus Medical announced the acquisition of Branch Medical Group in order to expand the portfolio of medical devices.

Jan-2015: Exactech has acquired BlueOrtho SAS for the development of ExactechGPS® Guided Personalized Surgery system.

Expansions:

Mar-2019: Evonik has extended its VESTAKEEP® PEEK brand for medical technology offerings by adding radiolucent PEEK to it which is useful in implants.

Nov-2018: DSM extended its portfolio by launching four additive manufacturing (AM) grades into Digimat-AM, an e-Xstream solution in order to increase the adoption of polymer additive manufacturing.

Feb-2018: Evonik expanded its reach to Marl by opening a new polyamide 12 powder plants in order to meet the demand of 3D printing and metal coatings.

Sep-2017: Zimmer Biomet extended its portfolio of personalized and anatomically designed knee implant systems with the launch of launched Persona® Partial Knee System for providing joint reconstruction systems.

Product Launches:

Apr-2018: Evonik has introduced RESOMER® Composite polymers in order to enhance the applications of orthopedic operations.

Feb-2018: Collagen introduced OssiMend® bone graft matrices from its Spine Business Unit and DuraMatrix® membranes from its Dural Repair Business Unit in order to enhance its product portfolio.

Mar-2017: Exactech announced the launch of three revision systems such as Optetrak Logic CC Revision Knee System, Alteon Monobloc Revision Femoral Stem, and InterSpace Tapered Wedge Hip Spacer in order to expand its surgical technologies.

Jul-2016: Stryker launched soft-tissue technology with SonicAnchor which is used for fixation.

Collaborations, Partnerships and Agreements:

Mar-2019: Heraeus teamed up with Engel in order to demonstrate injection molding of amorphous liquid metals which is the line of metallic glass.

Jun-2019: DSM Biomedical announced its partnership with ProMed Pharma in order to develop polymeric drugs and promote the capabilities of each other.

Apr-2018: Heraeus came into partnership with ChemQuest Technology in order to complement its coatings value chain.

May-2017: Victrex collaborated with Double Medical in order to expand interbody spine surgery workshop in order to help expand the knowledge of implantation with the help of PEEK-OPTIMA polymer.

Feb-2016: Invibio has collaborated with Maxx Orthopedics for development of PEEK-OPTIMA™ femoral knee replacement technology.

Scope of the Study

Market Segmentation:

By Material Type

• Ceramics & Bioactive Glasses

• Calcium Phosphate Cements

• Polymers

• Metal

• Composites

By Application

• Orthopedic Implants

• Joint Replacements

• Bio-resorbable Tissue Fixation

• Orthobiologics

• Visco Supplementation

By Geography

• North America

o US

o Canada

o Mexico

o Rest of North America

• Europe

o Germany

o UK

o France

o Russia

o Spain

o Italy

o Rest of Europe

• Asia Pacific

o China

o Japan

o India

o South Korea

o Singapore

o Australia

o Rest of Asia Pacific

• LAMEA

o Brazil

o Argentina

o UAE

o Saudi Arabia

o South Africa

o Nigeria

o Rest of LAMEA

Companies Profiled

• Zimmer Biomet Holdings, Inc.

• Stryker Corporation

• Victrex PLC (Invibio Ltd.)

• Globus Medical, Inc.

• CAM Bioceramics B.V.

• Heraeus Holding GmbH

• Exactech, Inc.

• Collagen Matrix, Inc.

• Evonik Industries AG

• Koninklijke DSM N.V. (DSM Biomedical B.V.)

Unique Offerings from KBV Research

• Exhaustive coverage

• Highest number of market tables and figures

• Subscription based model available

• Guaranteed best price

• Assured post sales research support with 10% customization free

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Veronica helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Asia Pacific Orthopedic Biomaterials Market 2019-2025)

Asia Pacific Orthopedic Biomaterials Market 2019-2025)

  • $ 1500
  • September 2019

The Asia Pacific Orthopedic Biomaterials Market would witness market growth of 11.5% CAGR during the forecast period (2019-2025). Asia-Pacific is the most rapidly growing industry for orthopedic biomaterials ...

Europe Orthopedic Biomaterials Market (2019-2025)

Europe Orthopedic Biomaterials Market (2019-2025)

  • $ 1500
  • September 2019

The Europe Orthopedic Biomaterials Market would witness market growth of 9.7% CAGR during the forecast period (2019-2025). Europe is the one of the largest markets in orthopedic biomaterials for the growing ...

Latin America, Middle East & Africa Orthopedic Biomaterials Market (2019-2025)

Latin America, Middle East & Africa Orthopedic Biomaterials Market (2019-2025)

  • $ 1500
  • September 2019

The Latin America, Middle East and Africa Orthopedic Biomaterials Market would witness market growth of 11.2% CAGR during the forecast period (2019-2025). Factors like the world’s increasing population ...

Bio Industry Markets in China $ 4000 October 2019


ref:plp2019

Reportlinker.com © Copyright 2019. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on