Orthopedic Biomaterials Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The ceramics & bioactive glasses segment by material type is estimated to witness healthy growth in the future. This is attributed to the increasing adoption of several spine surgeries and interbody fusion procedures. In addition, an increase in synthetic cages and pedicle screws during fixation procedures drives segment growth. Synthetic cages and pedicle screws maintain stability in the target patient pool and increase allograft fusion rates.

According to the personalized orthopedics of the Palm Beaches in November 2021, knee replacement surgery is carried out about 800,000 times a year in the United States alone, and that number keeps rising. Moreover, according to a study by The University of Queensland, in June 2022, Researchers discovered that 57.7% of the 56,217 patients who had knee replacement surgery for osteoarthritis (OA) were obese. Therefore, one factor that is also anticipated to fuel the segment's growth is the rising prevalence of obesity.

Additionally, in February 2022, Orthofix Medical launched a synthetic bioactive bone graft solution, Opus BA, a mix of carbonate apatite bone mineral, bioactive glass, and Type 1 collagen carrier for cervical and lumbar spine fusion procedures. Acting as a scaffold, Opus BA allows the bone to grow across the surface and is reabsorbed and replaced with a natural bone while healing. Such launches are propelling the growth of the segment.

The Orthopedic Biomaterials Market is expected to register a CAGR of 7.5% during the forecast period.

Due to nationwide lockdowns during the pandemic, private and public transportation was restricted, resulting in fewer road accidents and injuries. As a result, the focus of the healthcare facilities switched from surgical procedures to COVID-19 patients, which had a short-term impact on the market in the initial pandemic phase, particularly in specialized hospitals. In addition, orthopedic centers and hospitals worldwide were handling only emergency conditions as they were operating with limited resources, while other hospitals were transformed into containment facilities and treatment units for COVID-19 patients.

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