The global orthopedic biomaterial market is expected to grow through 2020, according to WhaTech.
Here are four observations:
1. A rising geriatric population, an increasing demand for hip and knee replacements and a growing awareness of orthopedic disorders drive the orthopedic biomaterial market.
2. Governments are also awarding grants for biomaterial research.
3. Metals currently dominate the market, but ceramics, polymers and orthobiologics are expected to see double digit growth within the next five years.
4. The growing failure of joint implants and the rising costs of biomaterials pose obstacles to the market's growth.