The Orthopedic
Biomaterial Market is growing pervasively, witnessing an exponential
growth backed by the increasing investments in the R&D activities.
Healthcare segment extensively absorbs orthopedic biomaterial for a range of
medical applications from medicines to implants. Over the past decade,
orthopedic biomaterials have evolved greatly. Combining medicine, biology,
physics, and chemistry orthopedic biomaterials have presented the world with
the regenerative bone and tissue engineering.
Acknowledging the kind of traction gained by this market, Market
Research Future (MRFR) in its recently published a study report asserts that
the global Orthopedic
Biomaterial Market trends is projected to accrue voluminously by
2023 registering a phenomenal CAGR of 10.5% during the review period (2017 to
2023).
Additional factors such as growing population and urbanization
worldwide are fostering the market growth. Improving economic conditions that
enable access to the quality life & the improved healthcare provides
impetus to the market growth. Seminal efforts &investments put in the
development of innovative biomaterials, by the key market players are paying
off well, fuelling the market growth. Also, initiatives taken by the Government
are playing a major role in fostering the market growth.
Companies Coverved:
The fervent players leading the global orthopedic biomaterial
market include CERADYNE, CoorsTek Inc., Straumann, Kyocera Corporation,
Stryker, 3M ESPE, Materion Corporation, Nobel Biocare Services AG, DePuy
Synthes, and Morgan Advanced Materials.
Industry/ Innovation /Related News:
August 9, 2018 – PolarityTE, Inc. (US), commercial-stage
biotechnology and regenerative biomaterials company announced preclinical large
animal model results for their new product, OsteoTE, which shows promise for
bone regeneration. The researchers, during the preclinical studies, found that
OsteoTE not only recapitulated the cortical and cancellous architecture of
native uninjured bone but also regenerated bone with function and composition
reflective of native bone.
OsteoTE can especially be useful in the case of a severe
traumatic orthopedic injury where the doctor has to try to span a gap within a
tibia, femur or humerus. Besides, OsteoTE finds application in craniofacial,
orthopedic, neurosurgical, spine, and foot/ankle surgeries.
Segmentation:
The MRFR analysis is segmented into four key dynamics for enhanced
understanding.
By Types: Metals (Titanium Alloy, Stainless Steel, Cobalt Alloy,
and others.), and Non- Metal (Polymeric (polyester, silicone, polyethylene,
polymethylmethacrylate (PMMA), others.), Natural Biomaterials, and Ceramic
(alumina, zirconium dioxide, calcium phosphate, carbon, others.), among others.
By Applications: Joint Replacement (shoulder, elbow, hip and,
knee replacement, among others.), Tissue Fixation (suture anchors, interference
screws, and others.), Fracture Fixation Devices (screws, plates for bones,
rods, and others), and Spine Implants among others.
By End-Users: Hospitals and Clinics and Specialty Centers among
others.
By Regions: North America, Europe, APAC, and the
Rest-of-the-World.
Browse Complete 105 Pages Premium Research Report Enabled with
Respective Tables and Figures at https://www.marketresearchfuture.com/reports/orthopedic-biomaterial-market-415
Geographical Analysis:
The North America market dominates the global orthopedic
biomaterial market owing to the increasing healthcare expenditure followed by
Europe and the Asia Pacific. North America market for orthopedic biomaterial is
expected to continue with its dominance in the years to come owing to the
favorable government regulations coupled with the increasing integration of
orthopedic biomaterial in the region.
Simultaneously, the increasing prevalence of different
orthopedic surgeries, along with the increasing geriatric populace boost the
market growth in the region, leading to an increase in patient population.
Furthermore, increasing awareness among the people, towards the benefits of
biodegradable products and the rising demand for technologically advanced
treatments and products enhance the growth of the orthopedic biomaterial market
in North America.
The Europe region accounts for the second-largest orthopedic
biomaterial market attributing to the increased research & development
activities in the field backed by the government support and funds. The market
is expected to grow due to the availability of innovative treatment facilities
and rising research activities in orthopedic biomaterials for nanotechnology.
Moreover, increasing cases in orthopedic surgeries along with the rising
population awareness regarding keeping good health is fostering the market
growth in the region.
Whereas attributing to the huge population and the burgeoning
medical treatment market in the region, Asia-Pacific market is emerging as the
fastest growing market for orthopedic biomaterial. Growing markets of India,
China, and Brazil backed by the increasing consumers’ awareness & improved
lifestyle provide impetus to the market growth. Besides, the improved economy
in the region presages the potential this market holds to grow further,
creating the opportunities in the orthopedic biomaterial market during the
forecast period.
On the other hand, the Middle East & Africa market witnesses
impedimental growth due to the unmet medical needs aroused due to the
unavailability of funds, limited medical facilities and the poor political
conditions in Africa.
Major TOC of Orthopedic Biomaterial Market Research Report -
Forecast to 2023:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 REPORT EXCERPT
4 FORECAST INDICATORS
5 MARKET ANALYSIS (ANY 2)
6 ORTHOPEDIC BIOMATERIALS MARKET, BY TYPE
7 ORTHOPEDIC BIOMATERIALS MARKET, BY APPLICATION
8 ORTHOPEDIC BIOMATERIALS MARKET, BY GEOGRAPHY/COUNTRY
9 COMPETITIVE LANDSCAPE
10 COMPANY PROFILES
11 APPENDIX
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