South Africa Orthopedic Biomaterials Market Size & Outlook
South Africa orthopedic biomaterials market, 2018-2030 (US$M)
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South Africa orthopedic biomaterials market highlights
- The South Africa orthopedic biomaterials market generated a revenue of USD 186.8 million in 2023 and is expected to reach USD 348.8 million by 2030.
- The South Africa market is expected to grow at a CAGR of 9.3% 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 186.8 million |
| Market revenue in 2030 | USD 348.8 million |
| Growth rate | 9.3% (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, South Africa accounted for 0.9% 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 Middle East & Africa, South Africa orthopedic biomaterials market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 348.8 million by 2030.
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Orthopedic Biomaterials Market Scope
Orthopedic Biomaterials Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa 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 32.66% in 2023. Horizon Databook has segmented the South Africa 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.
However, the market is not that large as seen in many North American and European countries, as the prevalence of osteoporosis is less in the country. Moreover, osteoporosis is still not a major health priority in the country as it is for HIV, malnutrition, and tuberculosis. This is expected to restrict the market growth in the region over the forecast period.
However, presence of many key manufacturers in the country, for establishing their strong base in MEA region, and ongoing research activities in orthopedics sector is expected to drive the market growth in the region. For instance, DePuy Synthes, Globus Medical, and many other players have established their regional offices in the country for creating a strong base in the MEA region.
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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 South Africa orthopedic biomaterials market, including forecasts for subscribers. This country databook contains high-level insights into South Africa orthopedic biomaterials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa orthopedic biomaterials market size, by material, 2018-2030 (US$M)
South Africa Orthopedic Biomaterials Market Share, 2023 & 2030 (US$M)
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