Latin America Orthopedic Biomaterials Market Size & Outlook
Latin America orthopedic biomaterials market, 2018-2030 (US$M)
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Latin America orthopedic biomaterials market highlights
- The Latin America orthopedic biomaterials market generated a revenue of USD 1,644.4 million in 2023.
- The market is expected to grow at a CAGR of 9% 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.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,644.4 million |
| Market revenue in 2030 | USD 3,007.8 million |
| Growth rate | 9% (CAGR from 2023 to 2030) |
| Largest segment | Ceramics & bioactive glass biomaterials |
| Fastest growing segment | Polymers Biomaterials |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 7.8% of the global orthopedic biomaterials market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 8,453.3 million by 2030.
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Orthopedic Biomaterials Market Scope
Orthopedic Biomaterials Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America 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 32.19% in 2023. Horizon Databook has segmented the Latin America 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 this region are growing awareness about newly developed orthopedic biomaterials, increasing prevalence of osteoporosis, and rising awareness about bone replacement and reconstruction surgeries.
Furthermore, a strong distribution network of North American players is further anticipated to drive the market over the forecast period. For instance, in 2017, Johnson & Johnson’s medical device unit inaugurated its largest distribution center in São Paulo.
Moreover, Zimmer Biomet has also established its presence in the region. Growing presence of international players is further creating a competitive environment in the region and driving the market. For our analysis, we have further bifurcated the region into three major countries such as Brazil, Mexico, and Argentina.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America orthopedic biomaterials market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America orthopedic biomaterials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America orthopedic biomaterials market size, by country, 2018-2030 (US$M)
Latin America Orthopedic Biomaterials Market Share, 2023 & 2030 (US$M)
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