Business scenario analysis of Orthopedic Biomaterials Market by global industry growth and assessment of opportunities till 2028
Rising Incidence of Musculoskeletal Disorders is an Important Factor in the Growth of the Global Orthopedic Biomaterials Market
VANCOUVER, BC, CANADA, January 12, 2022 /EINPresswire.com/ – The Global orthopedic biomaterials market The size is expected to reach $ 29.62 billion at a stable CAGR of 9.4% in 2028, according to the latest analysis from Emergen Research. The steady revenue growth of the orthopedic biomaterials market can be attributed to the increasing incidence of musculoskeletal disorders. Musculoskeletal disorders are the leading causes of disability worldwide, with an estimated 1.71 billion people currently suffering from it. Musculoskeletal disorders severely restrict skill and mobility, resulting in decreased well-being, reduced social participation, and early retirement from work. Orthopedic biomaterials are in high demand due to their use in applications for regeneration, reconstruction and repair of musculoskeletal disorders caused by falls, jerky movements, traffic accidents, fractures and sports injuries to prevent traumatic tissue damage / loss.
The global orthopedic biomaterials market report firstly offers a detailed overview of the orthopedic biomaterials market along with an overview of industry developments and advancements. The report offers a comprehensive overview of the regional and competitive landscape and provides a more in-depth overview of the current market scenario and future growth prospects. The research study also provides a comprehensive analysis of market drivers, restraints, limitations, threats, risks, and growth opportunities.
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Some highlights of the report
In March 2020, Evonik Industries AG made an announcement regarding the development of an innovative osteoconductive PEEK biomaterial, which could be used to improve bone fusion with an implant.
Ceramic biomaterials are gaining popularity in the market, due to their biocompatibility and improved corrosion resistance. Ceramic biomaterials find application to promote bone regeneration or replace bone. In addition, nano-bioceramic has great potential in tissue regeneration and restoration of physiological functions of the human body.
Orthopedic biomaterials in bioresorbable tissue fixation are widely used to treat fractures and other orthopedic disorders due to various advantages such as elimination of procedures involving material removal, restriction of stress protection and gradual transfer. of the load towards the healing of fractured tissue.
The revenue of the orthopedic biomaterials market in Asia-Pacific is expected to register the fastest CAGR during the forecast period, owing to the increasing incidence of chronic orthopedic conditions and the increasing investment in the development of the infrastructure of health in developing economies. Additionally, increasing disposable income and growing demand for new orthopedic surgical solutions are fueling market growth in the region.
The report highlights the current impact of COVID-19 on the Orthopedic Biomaterial market along with the latest economic scenario and changing market dynamics. It analyzes the impact of the pandemic on market growth and compensation. The pandemic has changed the economic scenario of the world and has affected several sectors of the market. The report estimates the Orthopedic Biomaterials market based on the impact of COVID-19.
The major players / manufacturers featured in the report are:
Evonik Industries AG, Zimmer Biomet, Matexcel, Globus Medical, Stryker Corporation, DSM Biomedical, Invibio Ltd., CAM Bioceramics BV, DePuy Synthes and ExaTech Inc.
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Emergen Research has segmented the global orthopedic biomaterials market on the basis of material type, application, end use, and region:
Material Type Outlook (Revenue, USD Billion; 2018-2028)
Ceramics & Bioactive Glasses
Application Outlook (Revenue, USD Billion; 2018-2028)
Joint reconstruction / replacement
Bio-absorbable tissue fixation
End-Use Outlook (Revenue, USD Billion; 2018-2028)
Ambulatory surgery centers
The regional analysis of the orthopedic biomaterials market includes:
North America (United States, Canada)
Europe (UK, Italy, Germany, France, rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, rest of APAC)
Latin America (Chile, Brazil, Argentina, rest of Latin America)
Middle East & Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)
The report offers complete understanding of the Orthopedic Biomaterial market in key regions with respect to regional production and consumption patterns, import / export, demand and supply dynamics, trends, outlook for growth and the presence of leading players in each region. Each of the mentioned regions is analyzed on the basis of the comprehensive market data obtained from the major countries in each region to give a clear understanding of the market.
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The report offers insightful information on market dynamics of the Orthopedic Biomaterial market. It offers SWOT analysis, PESTEL analysis, and Porter’s five forces analysis to present a better understanding of the Orthopedic Biomaterial market, its competitive landscape, factors affecting it, and to predict industry growth. It also offers the impact of various market factors as well as the effects of the regulatory framework on the growth of the Orthopedic Biomaterial market.
Key Orthopedic Biomaterials Market Coverage:
Relevant insights into the global orthopedic biomaterials market
Identifying growth in various segments and sub-segments of the Orthopedic Biomaterial Market
Strategic recommendations for investment opportunities
The report covers important statistics related to the industry as well as the products, applications, price analysis, demand and supply, and production and consumption rate.
Emerging trends and analysis of current market segments to help investors formulate new business strategies
Speed up the decision-making process with the availability of drivers and limitations
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