The Americas Orthopedic Biomaterial Market is booming. New technologies, an aging population, and more orthopedic diseases contribute to this. This market develops and uses biomaterials in orthopedic treatments to make implants and devices last longer and better.
Markets are affected by longer American lifespans. Osteoarthritis and fractures increase with age. Orthopedic polymers for joint replacement and fracture repair are needed more.
Hip problems are increasing, affecting the market. Osteoporosis, rheumatoid arthritis, and sports injuries increase orthopedic therapy needs. This calls for biomaterials that improve orthopedic implant performance and body compatibility.
Rapid technological advancements are changing markets. Bioactive ceramics, smart polymers, and tissue engineering improve orthopedic implant integration and patient outcomes.
Increased hip and knee replacements change the market. Orthopedic surgery biomaterials are essential because they mimic bones and joints. Patients can move more readily and suffer less pain.
Biocompatibility and material safety affect the market. Safety criteria are required for orthopedic biomaterials to be human-friendly. This drives biocompatible orthopedic material research and development.
The governing environment shapes markets. Market players must obey regulators' guidelines and acquire health authority approval. Following the criteria ensures orthopedic biomaterials are safe and effective, building patient and healthcare worker trust.
As trauma therapy becomes more popular, orthopedic biomaterials transform the market. Biomaterials are used to mend tissue, grow bone, and repair shattered bones. They give clinicians new ways to stabilize orthopedic trauma situations and speed recovery.
The rise of 3D printing is altering markets. 3D printing orthopedic implants allows doctors to make them fit each patient, reduces surgery time, and enhances implant performance.
Americas Orthopedic Biomaterial Market competition is fierce. Companies differentiate themselves by creating new products, testing them, and cooperating with healthcare institutions. Competition improves biomaterial technology, growing the industry.
Orthopaedic research universities are cooperating with industry to change the market. Partnerships combine scientific expertise with corporate resources to speed up the development and distribution of innovative orthopedic polymers that suit market demands.
The market is affected by the rise of minimally invasive orthopedic procedures. Orthopedic surgeries use biomaterials that promote minimally invasive techniques to reduce discomfort, recover faster, and improve patient outcomes.
Medical tourism and expanding market research are transforming the market. The Americas attract international patients seeking new orthopedic therapies, and companies are developing to accommodate the need for orthopedic polymers.
Future ideas include studying bioactive materials, using nanotechnology to improve biomaterials, and creating regenerative orthopedic biomaterials that mend and grow tissues.
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
The prevalence of musculoskeletal disorders and chronic skeletal problems is rising, which is fueling demand for products and accelerating market expansion. The need is anticipated to increase due to the growing senior population, which is more susceptible to these illnesses. For instance, the U.S. Census Bureau reports that from 2014 to 2015, there were 1.6 million more people in the 65 and older age group. Another element driving the increase in demand for orthopedic biomaterials is the increase in trauma cases from falls, accidents, and sports. The likelihood of injury is rising as more people participate in sport and leisure activities.
Around 213 million Americans aged 6 and older participated in sports and fitness activities in 2015, up from 209 million in 2014, according to National Health Statistics Reports. The expansion of this market is also being aided by an increase in orthopedic procedures including viscosupplementation, joint reconstruction, and joint arthroplasty. Additionally, the need for next-generation orthopedic biomaterials, which are specifically designed to fulfil the requirements of a particular orthopedic operation, is on the rise ly. On the other side, the market's expansion has been hampered by the restricted payment coverage alternatives for these goods and the falling reimbursement for orthopedic implants in several nations. Additionally, the absence of reimbursements has forced suppliers to reduce the cost of these products, which has slowed the market's expansion.
The ageing of the population, increased incidence of musculoskeletal injuries, and a rise in the number of patients electing knee replacement, joint reconstruction, and other orthopedic surgery involving joints are all expected to have an impact on the market. The World Population Prospects 2022 report from the UN Department of Economic and Social Affairs predicts a rise in the proportion of people 65 and older, from 10% in 2022 to 16% in 2050. By the year 2050, it's anticipated that the number of persons 65 and older would have surpassed that of children under the age of five and will be nearly equivalent to that of children under the age of twelve. Over the next few years, it is anticipated that the usage of orthopedic biomaterials will increase as the world's ageing population grows more susceptible to joint problems and procedures. According to the July 2022 data from the World Health Organisation, 1.71 billion people worldwide experience musculoskeletal issues. Due to the rising incidence of musculoskeletal injuries brought on by such a high burden of musculoskeletal illnesses, the market for orthopedic biomaterials is growing. Thus, driving the America Orthopedic Biomaterial Market revenue.
The America Orthopedic Biomaterial Market segmentation, based on type of material, includes metal, non-metal. Non-metal segment accounted for the largest revenue share in 2022. This is due to the rising use of ceramics in a variety of techniques for the restoration of hard tissues. However, because to the widespread use of polymers as bone cement and load-bearing surfaces for total joint arthroplasties, the others category is predicted to experience the quickest CAGR throughout the projection period. The need for polymers has increased ly due to the availability of sophisticated polymers and biopolymers for a variety of applications, including orthobiologic and bio-resorbable tissue fixation.
The America Orthopedic Biomaterial Market segmentation, based on application, includes joint replacement, fracture fixation devices, tissue fixation, spine implants, viscosupplementation, and others. Joint replacement segment dominated the America Orthopedic Biomaterial Market in 2022. Increased bone fractures and disc degenerative disorders, together with more trauma cases, are predicted to increase product demand in this market. Due to the rising number of bone repair and reconstruction procedures performed ly as a result of an increase in obesity and trauma cases, the fracture fixation devices market is anticipated to grow at the quickest rate over the forecast period. According to estimates released by the WHO, around 1.3 million people worldwide die each year as a result of traffic accidents, with 93% of all road fatalities taking place in low- and middle-income nations.
Figure 1 America Orthopedic Biomaterial Market, by Application, 2022 & 2032 (USD Billion)
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
The North America America Orthopedic Biomaterial Market dominated this market in 2022 (45.80%). The increase in patients requiring knee replacement, reconstruction, and other orthopedic surgeries can be attributable to this growth. It is projected that rapid adoption of cutting-edge devices for implant load-bearing and bone gap filling will propel the regional market even further. Further, the U.S. America Orthopedic Biomaterial Market held the largest market share, and the Canada America Orthopedic Biomaterial Market was the fastest growing market in the North America region.
Figure 2 America Orthopedic Biomaterial Market Share By Region 2022 (USD Billion)
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
The market for North American orthopedic biomaterials was dominated by the United States. A considerable portion of the elderly population in the United States is predisposed to musculoskeletal conditions like osteoarthritis and osteoporosis. The demand for orthopedic biomaterials has been driven by the rising occurrence of these illnesses.
In terms of market share for orthopedic biomaterials in North America, Canada came in second. Orthopedic biomaterials are among the areas of healthcare research and development that the Canadian government has been actively pushing. Market expansion has been fueled by funding and programmes meant to foster cutting-edge technologies.
Orthopedic Biomaterial Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the America Orthopedic Biomaterial Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Orthopedic Biomaterial industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Orthopedic Biomaterial industry to benefit clients and increase the market sector. In recent years, the Orthopedic Biomaterial industry has offered some of the most significant advantages to medicine. Major players in the America Orthopedic Biomaterial Market, including Materion Corporation, Carpenter Technology Corporation, Ulbrich Stainless Steel & Special Metals, Inc., CeramTec, Ceradyne, Heraeus Medical Components, Kyocera Corporation, Ticona GmbH, Purac Biomaterials, Acumed, Amedica Corporation, Johnson & Johnson, Osteotech, Inc., Cam Bioceramics B.V., and Landec Corporation, are attempting to increase market demand by investing in research and development operations.
Evonik Industries AG (Evonik), a speciality chemical company owned by RAG-Stiftung. Its product range encompasses a wide variety of chemicals, including surfactants, polymers, resins, and additives. The company's products are used in a wide variety of sectors, including agriculture, alternative energy, paints and coatings, paper and printing, metal and oil products, electrical and electronics, food and animal feed, personal care and cosmetics, pharmaceuticals, plastics and rubber, automotive, and construction. Engineering, logistics, utility, and process technology services are also offered. Evonik has significant manufacturing operations in China, Singapore, Belgium, the United States, and Germany. The company has a footprint that includes not only the Americas but also Asia-Pacific, Africa, South America, and Europe. Evonik's headquarters are located in Essen, Nordrhein-Westfalen, Germany. In March of 2022, Evonik introduced VESTAKEEP Fusion PEEK filament, an osteoconductive material for 3D-printed implants.
A manufacturer of medical devices, Orthofix Medical Inc. (Orthofix), formerly known as Orthofix International NV, offers reconstruction and regenerative musculoskeletal solutions to doctors all over the world. Products for fracture management, regenerative products and tissue forms, paediatrics and limb reconstruction, motion preservation and fixation implant devices, and foot and ankle products are among the company's top offerings. In order to reach hospitals, doctors, integrated health delivery systems, ambulatory surgery centres, and other purchasing organisations worldwide, Orthofix markets its products both directly and through a network of distributors. In addition to the US, UK, Brazil, Italy, France, and Germany, it also has facilities there. United States-based Orthofix is based in Lewisville, Texas. Opus BA, a blend of carbonate apatite bone mineral, bioactive glass, and Type 1 collagen carrier for cervical and lumbar spine fusion surgeries, was introduced by Orthofix Medical in February 2022.
Key Companies in the America Orthopedic Biomaterial Market include
Orthopedic Biomaterial Industry Developments
March 2022: Synthetic Bioactive Bone Graft, BIOSPHERE FLEX SP EXTREMITIES, was introduced by Synergy Biomedical, LLC, a producer of cutting-edge biomaterial products. A porous collagen/sodium hyaluronate carrier and cutting-edge spherical bioactive glass particles make up the sheet putty known as BIOSPHERE FLEX SP Extremities.
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