North America Orthopedic Biomaterials Market Size & Outlook
North America orthopedic biomaterials market, 2018-2030 (US$M)
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North America orthopedic biomaterials market highlights
- The North America orthopedic biomaterials market generated a revenue of USD 7,666.0 million in 2023.
- The market is expected to grow at a CAGR of 6.8% 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 7,666.0 million |
| Market revenue in 2030 | USD 12,123.3 million |
| Growth rate | 6.8% (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, North America region accounted for 36.2% 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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North 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 32.57% in 2023. Horizon Databook has segmented the North 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 growth in the region are presence of key manufacturers and growing prevalence of osteoporosis, arthritis, and sport-related injuries. The region has a large geriatric population, which is at a risk of developing musculoskeletal disorders, owing to weak joints and low bone mass.
To restore movement, they either opt for orthopedic implants or temporary relief options such as visco supplementation. Also, the rise in the number of sport-related injuries and bone fractures in the recent years has also created a strong demand for orthopedic biomaterials in the region.
Moreover, purchasing power of the consumers in this region is very high, owing to which the demand for premium quality biomaterials is high. In addition, ongoing research on biodegradable materials and rise in number of research institutes funded by government is further anticipated to drive the market.
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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 continent-level data and insights on the North America orthopedic biomaterials market, including forecasts for subscribers. This continent databook contains high-level insights into North America orthopedic biomaterials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America orthopedic biomaterials market size, by country, 2018-2030 (US$M)
North America Orthopedic Biomaterials Market Share, 2023 & 2030 (US$M)
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