Orthopedic Biomaterials Market Share

APAC Market Statistics

The Asia Pacific orthopedic biomaterials market, amongst the market in all the other regions, is projected to hold the largest market share of about 41% by the end of 2037, on the back of the growing prevalence of bone degenerative diseases in the region’s low- and middle-income economies. In addition, continuous hikes in healthcare expenditure and significant improvements in the medical infrastructure are also projected to propel APAC’s market growth in the future. Further, the presence of a strong healthcare network in the region, along with the availability of supportive policies by the regulatory bodies that promote the development of effective orthopedic biomaterials to develop efficient treatment options, are also anticipated to contribute to the market growth in the region. In addition, the rising commercialization of medical products along with the burgeoning population is also anticipated to boost market growth during the forecast period.

North American Market Forecast

The North American orthopedic biomaterials market, amongst the market in all the other regions, is projected to hold the second largest share of about 31% during the forecast period. Factors that are anticipated to create a positive outlook for market growth during the forecast period are the presence of a large pool of patients diagnosed with various kinds of musculoskeletal diseases and bone disorders who need orthopedic biomaterials for faster treatment procedures. In addition, the rising investments in the research and development activities by the major key player operating in the market for developing advanced and better orthopedic biomaterials are also anticipated to fuel market growth in the region. Furthermore, Rising disposable income has resulted in increased spending capacity, which is predicted to motivate Americans to adopt advanced medical devices such as orthopedic biomaterials and is It is expected to bring revenue raising opportunities.

Europe Market Forecast

Further, the market in Europe, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2037. The rising focus on health and fitness along with the availability of a high number of medical care settings to receive treatment is considered to be a factor driving market growth during the forecast period. Other factors include the presence of a high number of hospitals and a high number of inpatients and outpatients visiting the hospitals along with the availability of favorable reimbursement policies. The increased number of bone fractures along with injuries, accidents, and traumas among the European people is also estimated to generate the demand for orthopedic biomaterials and expand the market size during the forecast period.