Canada Orthopedic Biomaterials Market Size & Outlook
Canada orthopedic biomaterials market, 2018-2030 (US$M)
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Canada orthopedic biomaterials market highlights
- The Canada orthopedic biomaterials market generated a revenue of USD 1,149.8 million in 2023 and is expected to reach USD 1,738.2 million by 2030.
- The Canada market is expected to grow at a CAGR of 6.1% from 2024 to 2030.
- In terms of segment, ceramics & bioactive glass biomaterials was the largest revenue generating material in 2023.
- Polymers Biomaterials is the most lucrative material segment registering the fastest growth during the forecast period.
Orthopedic biomaterials market data book summary
| Market revenue in 2023 | USD 1,149.8 million |
| Market revenue in 2030 | USD 1,738.2 million |
| Growth rate | 6.1% (CAGR from 2023 to 2030) |
| Largest segment | Ceramics & bioactive glass biomaterials |
| Fastest growing segment | Polymers Biomaterials |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ceramics & Bioactive Glass Biomaterials, Polymers Biomaterials, Calcium Phosphate Cements, Metal Biomaterials, Composites |
| Key market players worldwide | Koninklijke DSM NV, Evonik Industries AG, Stryker Corp, DePuy Synthes, Zimmer Biomet Holdings Inc, Globus Medical Inc Class A, Exactech, Matexcel, AdvanSource Biomaterials Corporation, Invibio, CAM Bioceramics, Heraeus |
Other key industry trends
- In terms of revenue, Canada accounted for 5.4% of the global orthopedic biomaterials market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. orthopedic biomaterials market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 10,385.2 million by 2030.
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Orthopedic Biomaterials Market Scope
Orthopedic Biomaterials Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada orthopedic biomaterials market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to orthopedic biomaterials market will help companies and investors design strategic landscapes.
Ceramics & bioactive glass biomaterials was the largest segment with a revenue share of 31.99% in 2023. Horizon Databook has segmented the Canada orthopedic biomaterials market based on ceramics & bioactive glass biomaterials, polymers biomaterials, calcium phosphate cements, metal biomaterials, composites covering the revenue growth of each sub-segment from 2018 to 2030.
Key factors driving the market are rise in geriatric population at risk of osteoarthritis and rheumatoid arthritis. Also, the focus on improving quality of life using modern technologies and rapid innovations is driving the market in the country.
Moreover, Canada is a major importer of orthopedic devices. The Canadian regulatory process is well established and, hence, manufacturers with FDA clearance in the U.S. have an easier time transitioning into the Canadian market.
Hence, many U.S.-based medical companies operate in the country. For instance, DePuy Synthes, Zimmer Biomet, Stryker, and more have established their offices and distribution offices in the country.
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Our clientele includes a mix of orthopedic biomaterials market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada orthopedic biomaterials market, including forecasts for subscribers. This country databook contains high-level insights into Canada orthopedic biomaterials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada orthopedic biomaterials market size, by material, 2018-2030 (US$M)
Canada Orthopedic Biomaterials Market Share, 2023 & 2030 (US$M)
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