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The Asia Pacific orthopedic biomaterial market is increasing for numerous reasons. Businesses in Asia-Pacific are suffering from aging populations. Because of its frequency, older persons have greater bone and joint disorders. This makes biomaterials for joint replacements increasingly significant.
The rising number of local bone and joint issues is a major factor. More individuals are obtaining orthopedic care. This is because more and more people are living in towns and having sports-related crashes. This is what makes the biomaterials business go.
The market works in a big way because of the rules and laws that guide it. Some of the most important things to do to get into the market and keep it growing are to follow local health rules, get the right permissions for orthopedic biomaterial goods, and meet quality standards.
It's possible that the market is growing because the cost of health care is going up in Asia and the Pacific. As hospitals get better and people get more money, they are more likely to choose modern orthopedic methods that use good plastics.
More accidents and broken bones are the main reason why biomaterials used to treat trauma-related diseases are needed. To make cracks stronger and speed up the healing process, these materials must be used. This changes how the market works overall.
To change the market, the biggest companies in a given area work together and make deals. If you want to do better in the market, you can form agreements for research and development, joint companies, and marketing deals. All of these help bring new biomaterials for orthopedics to their own markets.
The business is changing because more and more people want medical care that involves doing things that are painful or uncomfortable. Two things that they do are make materials that work with the body and make surgery less invasive. Biomaterials are very important to the success of these drugs because they give them their ingredients.
Biodegradable plastics are being utilized to treat bones. Since implants drain out of the body over time, you won't require future operations to remove them. Biodegradable products are becoming more popular, changing the market and improving health.
A lot of people are in the market, which makes prices go down and new ideas come up. The biggest businesses are always coming up with new technologies, smarter ways to sell their products, and better ways to get their products to customers. They do this to stay ahead of their rivals. This helps the knee biomaterial market in Asia-Pacific keep growing.
Asia Pacific Orthopedic Biometrial Market Highlights:
Asia Pacific Orthopedic Biomaterial Market Overview
Asia Pacific Orthopedic Biometrial Market Size was valued at USD 22.67 Billion in 2023. The Asia Pacific Orthopedic Biometrial industry is projected to grow from USD 23.88 Billion in 2024 to USD 42.23 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 10.64% during the forecast period (2024 - 2032). Orthopedic biomaterials are organic or synthetic materials used for the treatment of internal fractures. During the last decade different new techniques and materials are introduced for orthopedic implants and surgeries and biomaterials have found a vital role in it.
These biomaterials are used in manufacturing of different implants since they do not evoke any immunological reactions with the body, which makes it a first choice for manufacturing of implants. Increasing demand for the orthopedic biomaterial because of its application in knee and hip replacement surgeries, and increasing incident of medical emergencies drive the Asia Pacific orthopedic biomaterial market.
Introduction of novel implants of titanium has increased the success rate of implant surgeries and also contributed to the growth of the orthopedic market in Asia Pacific. Moreover, increasing number of orthopedic surgeries, increasing aging population, and growing governmental support also drive the Asia Pacific market. However, increasing failure in joints implants, stringent regulatory laws, and high cost of treatment may hinder the growth of Asia Pacific orthopedic biomaterial market during the review period.
Orthopedic biomaterials might be artificial or natural. They are made to be inserted into a person's body as parts of machines that are intended to carry out certain biological tasks by replacing or mending various tissues. Orthopedic biomaterials are utilized for tissue fixation, spine implants, joint replacements, and other orthopedic procedures. Additionally, the need for next-generation orthopedic biomaterials specifically designed to fulfill the requirements of a particular orthopedic operation is on the rise globally. On the other hand, the market's expansion has been hampered by the restricted payment coverage alternatives for these devices and the falling reimbursement for orthopedic implants in several nations. Additionally, the lack of rebates has forced suppliers to reduce the cost of these products, which has slowed market expansion.
The growing geriatric population, rising incidence rates of accidents and sports-related injuries, rising awareness of orthopedic biomaterials, and introduction of novel products by major market players are a few of the factors anticipated to boost market growth over the forecast period. Fewer traffic accidents and injuries occurred due to the pandemic's widespread lockdowns, curtailing private and public transit. As a result, the focus of healthcare institutions shifted from operations to COVID-19 patients. This immediately affected the market during the early pandemic phase, especially in specialist hospitals. Increased bone fractures, disc degenerative disorders, and more trauma cases are predicted to increase product demand in this market. Due to factors like the rising geriatric population, increasing incidence rates of accidents and sports-related injuries, and rising awareness of orthopedic biomaterials.
CitrefixTM, a suture anchor system for surgical procedures on the foot and ankle, was introduced by Stryker. The new technology uses CitregenTM, a highly acclaimed bioresorbable substance created to imitate the composition and structure of natural bone. Citrefix is a resorbable, bio-inspired suture anchor system for single-use sutures. Citregen, an elastomeric substance formed from a citrate polymer and specifically created to imitate bone chemistry for regulated resorption without persistent inflammation, is used in its construction. These special chemical and mechanical qualities are intended to promote healthy bone growth and heal transplanted tissue when used in orthopedic surgical procedures.
Asia Pacific Orthopedic Biomaterial Market Key Players
Some of the major players in Asia Pacific orthopedic biomaterial market:
- Kyocera Corporation (Japan)
- Materion Corporation (US)
- S&V Technologies (Germany)
- Rayner (UK), InVision Biomedical (US)
- Covestro (Germany)
- Invibio Ltd. (U.K.)
- Royal DSM (Netherlands)
- BASF SE (Germany)
- Corbion N.V. (Netherlands)
- CeramTec (Germany)
- Tianjin Walkman Biomaterial Co. (China)
- Kanghui Holdings (China)
- Johnson & Johnson Services, Inc. (US)
- Cam Bioceramics B.V. (Netherland)
- Xian Airfoil Technology Co (China)
Asia Pacific Orthopedic Biomaterial Market Segmentation
The orthopedic biomaterials market is segmented on the basis of types of material, applications, and end users. On the basis of types of material, the market is segmented into metals and non-metals. The metals are further segmented into stainless steel, titanium alloy, cobalt alloy, and others. Non-metal are further segmented into ceramic, polymeric, natural biomaterials, and others. The ceramic are sub-segmented into alumina, calcium phosphate, zirconium dioxide, carbon, and others. The polymeric materials are sub-segmented into polymethylmethacrylate (PMMA), polyethylene, silicone, polyester, and other. The natural biomaterials are sub-segmented into collagen, chitin & chitosan, and other
On the basis of applications, the Asia Pacific orthopedic biomaterial market is segmented into joint replacement, fracture fixation devices, tissue fixation, spine implants, viscosupplementation, and other. Joint replacement is sub-segmented into hip replacement, knee replacement, shoulder and elbow replacement, and other. Tissue fixation is sub-segmented into interference screws, suture anchors, and others. Spine implants are further sub-segmented into spine fusion and other. The fracture fixation devices are sub segmented into screws, plates for bones, rods, and other.
On the basis of end users, the Asia Pacific orthopedic biomaterial market is segmented into hospital, clinics, and others.The first surgical application of Acuitive Technologies, Inc.'s (Acuitive) Citrelock® ACL Tendon Fixation Device was disclosed. The novel ACL device offers orthopedic surgeons a unique design thanks to a tendon-friendly spiral thread made of Citregen, a next-generation resorbable material with special molecular and mechanical characteristics. With its cutting-edge material technology and distinctive design, the Citrelock ACL Tendon Fixation Device contributes to meeting this therapeutic requirement. The Citrelock ACL System is an exciting new addition to Acuitive's line of products and the first of many that we will be releasing with an emphasis on the sports medicine sector.
Asia Pacific Orthopedic Biomaterial Market Regional Analysis
China dominates the Asia Pacific orthopedic biomaterial market owing to increasing prevalence of different orthopedic surgeries in China. Increasing awareness of biodegradable products among the people, rapid research and development and huge aging population in this region have added fuel to the growth of the market. Japan and Australia are other major contributor of the Asia Pacific orthopedic biomaterial market in this region.
Intended Audience
- Product manufacturers
- Biomaterial manufacturer
- Research and development (R&D) companies
- Hospitals and laboratories
- Medical research laboratories
- Academic medical institutes and universities
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