India Orthopedic Biomaterials Market Size & Outlook
India orthopedic biomaterials market, 2018-2030 (US$M)
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India orthopedic biomaterials market highlights
- The India orthopedic biomaterials market generated a revenue of USD 775.6 million in 2023 and is expected to reach USD 1,521.1 million by 2030.
- The India market is expected to grow at a CAGR of 10.1% 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 775.6 million |
| Market revenue in 2030 | USD 1,521.1 million |
| Growth rate | 10.1% (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, India accounted for 3.7% 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 Asia Pacific, China orthopedic biomaterials market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,521.1 million by 2030.
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Orthopedic Biomaterials Market Scope
Orthopedic Biomaterials Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 31.36% in 2023. Horizon Databook has segmented the India 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 increasing prevalence of musculoskeletal disorders, particularly osteoporosis and osteoarthritis, among women in the country. According to an article published in the International Journal of Women's Health in 2015, the number of women with osteoporosis is increasing in India owing to calcium and vitamin D deficiency.
It also estimated that about 46 million women are currently suffering from osteoporosis in the country. This might lead to significant increase in the number of reconstruction surgeries and orthopedic implants. As the number of surgeries is increasing, the market for orthopedic biomaterials is anticipated to increase significantly over the forecast period.
Furthermore, ongoing research on orthopedic biomaterials and implants is further estimated to drive the market over the forecast period. Recently, in June 2019, researchers at IIT Bombay developed the country’s first bone screw made up of magnesium oxide nanoparticles and silk fibers.
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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 India orthopedic biomaterials market, including forecasts for subscribers. This country databook contains high-level insights into India orthopedic biomaterials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India orthopedic biomaterials market size, by material, 2018-2030 (US$M)
India Orthopedic Biomaterials Market Share, 2023 & 2030 (US$M)
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