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Orthopedic Biomaterial Industry Promises to Reach at 10.5% CAGR till 2023 | Finds MRFR
By inewswire


"Orthopedic Biomaterial Market"
Market Research Future has announced the addition of the Orthopedic Biomaterial Market Research Report with Recent Industry Size, Status and Forecast to 2023, The report classifies the Orthopedic Biomaterial Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.

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.

Get Sample PDF Illustration @ https://www.marketresearchfuture.com/sample_request/415

Orthopedic Biomaterial Market - Scenario

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. 

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.

Global Orthopedic Biomaterial market is expected to grow at a CAGR of 10.5% during the forecast period.

Key Players for Global Orthopedic Biomaterial Market

Some of the key players in orthopedic biomaterial market are:  Materion Corporation (US), Carpenter Technology Corporation (US), Ulbrich Stainless Steel & Special Metals, Inc. (US), CeramTec (Germany), Ceradyne (US), Heraeus Medical Components (US), Kyocera Corporation (Japan), Ticona GmbH (Germany), Purac Biomaterials (US), Acumed (US), Amedica Corporation (US), Johnson & Johnson (US), Osteotech, Inc. (US), Cam Bioceramics B.V. (Netherland), Landec Corporation. (US), and many more.

Orthopedic Biomaterial Market – Competitive Analysis

Orthopedic biomaterial market demonstrates a high growth potential which is likely to attract many entrants to the market resultantly, intensifying the competition further. Manufacturers strive to develop innovative materials, and best practices. Incorporating acquisition, collaboration, partnership, and expansion the well-established players gain the competitive advantage to maintain their market position. Also, they make substantial investments in manufacturing & expansion programme. Expansions help in reducing logistic cost and increase production capacities and potential to fetch larger turnovers.

Latest Orthopedic Biomaterial Industry Updates

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.

Regional Analysis for Global Orthopedic Biomaterial Market

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. 

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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.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Statistical Report, Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Media Contact

Company Name: Market Research FutureContact Person: Abhishek Sawant


Email: sales@marketresearchfuture.com
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/orthopedic-biomaterial-market-415



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