Orthopedic Biomaterials Global Market Value to Double by 2017 to $88B

The global market value for biomaterials is expected to jump from $44 billion in 2012 to nearly $88.5 billion by 2017, according to a Market Research report. The U.S. market value for biomaterials was about $3.4 billion in 2012.

Popular applications for biomaterials — such as polymers, metals, ceramics and natural materials — include bone graft substitute, orthopedic growth factor, orthopedic stem cell, orthopedic cell therapy, spinal machined bone allograft and orthopedic tendon graft.

The report highlights potential hazards involved with biomaterial use, as well as strategies for navigating the market landscape. Several companies will also continue to be key players in the industry, including Invibio Biomaterials, the developer of PEEK products.

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