Market revenue in 2023 | USD 1,094.3 million |
Market revenue in 2030 | USD 2,021.0 million |
Growth rate | 9.2% (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 |
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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 32.67% in 2023. Horizon Databook has segmented the Japan 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 in the country are growing prevalence of musculoskeletal disorders in the country due to large geriatric population and higher life expectancy, advances in orthopedics, and increasing prevalence of Work-related Musculoskeletal Disorders (WMSD) among citizens. According to an article published in the Annals of Occupational and Environmental Medicine in 2014, WMSD is one of the most commonly occurring problems in occupational health system of Japan.
Long working hours makes the population susceptible to shoulder and hip fractures. Moreover, the country has a unified healthcare system, owing to which the out-of-pocket expenditure for citizens is low. This encourages citizens to opt for replacement surgeries, which further creates a strong demand for orthopedic biomaterials. Furthermore, the market in the country is consolidated with many international and domestic players, such as DePuy Synthes, Kuraray, Maruho, HOYA Technosurgical, Olympus Terumo Biomaterials, Zimmer Biomet, and others.
The country is also on the forefront in terms of biomaterials research. For instance, the Japanese Society for Biomaterials (JSB) was formed in the country for carrying out extensive research on biomaterials. In addition, many other institutes such as the National Institute for Materials Science (NIMS) and Japan Advanced Institute of Science and Technology are actively carrying out research on this market. This is expected to drive the market in the near future.
Horizon Databook provides a detailed overview of country-level data and insights on the Japan orthopedic biomaterials market, including forecasts for subscribers. This country databook contains high-level insights into Japan orthopedic biomaterials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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