The Business Research Company’s latest report Orthopedic Biomaterials Global Market Report 2020 covers Orthopedic Biomaterials market drivers, Orthopedic Biomaterials market trends, Orthopedic Biomaterials market segments, Orthopedic Biomaterials market growth rate, Orthopedic Biomaterials market major players, and Orthopedic Biomaterials market size. The report provides in-depth analysis of the impact of COVID-19 on the Orthopedic Biomaterials industry, along with revised market numbers due to the effects of the coronavirus.
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Orthopedic Biomaterials Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global orthopedic biomaterials market is expected to decline from $12.64 billion in 2019 to $11.43 billion in 2020 at a compound annual growth rate (CAGR) of -9.67%. The decline is mainly due to the COVID-19 outbreak and the measures to contain it. Several medical care facilities in affected countries have been completely closed or have been only providing minimal treatment for emergency cases. The orthopedic surgeries have been postponed and, in some cases, cancelled due to the COVID-19 lockdown. The restrictions on non-essential medical services including orthopedic services coupled with slowed production of orthopedic implants and biomaterials due to extending factory closures in various countries are contributing to the markable decline in the market growth. The market is then expected to recover and reach $18.62 billion in 2023 at a CAGR of 17.7%.
The report covers the orthopedic biomaterials market’s segments-
1) By Material Type: Ceramics & Bioactive Glasses, Calcium Phosphate Cements, Polymers, Metal, Composites.
2) By Application: Orthopedic Implants, Joint Replacement/Reconstruction, Bio-Resorbable Tissue Fixation, Orthobiologics, Viscosupplementation.
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