Demographics and Technologies Drive $3+ Billion Orthopedic Biomaterials Market

The world market for orthopedic biomaterials will surpass the $3 billion mark in 2003 and is on course to grow significantly for the next several years, according to a new study released today by Kalorama Information. The aging population and an explosion of new promising technologies are spurring growth in the double digits.

New York (PRWEB) July 23, 2003 - The world market for orthopedic biomaterials will surpass the $3 billion mark in 2003 and is on course to grow significantly for the next several years, according to a new study released today by Kalorama Information. The aging population and an explosion of new promising technologies are spurring growth in the double digits.

The new study, The Worldwide Market for Orthopedic Biomaterials, revealed that although some of the more mature segments of the market are expanding more slowly, newer therapy areas are showing explosive growth and will be defining the market in years to come. Bone growth factors and tissue regeneration technologies, for example, will boom from the mere fraction of the orthopedic market that they represent now to well over a third of the total market in the next five years, according to the study.

"Although the industry has been dominated in the past few years by a handful of big players, capitalizing on the promise of new technologies will require a great deal of reliance on the numerous small innovators out there," notes Steven Heffner, Acquisitions Editor for Kalorama Information. "Small companies can innovate better, faster, and cheaper than large companies, and the large established companies need the best new products to sustain strong financial growth. Our study predicts that alliances and licensing deals will be the hallmark of the next few years."

In addition to providing market size, growth forecasts, and competitive market share for ten market subsegments-both biologic and synthetic-the study also examines the major business technological, and clinical trends in the orthopedic market and profiles 30 of the top competitors.

About Kalorama Information
Kalorama Information, an imprint of MarketResearch.com, supplies the latest in independent market research for the life sciences. For more information, contact Steven Heffner at 212-807-2634 or sheffner@kaloramainformation.com, or visit www.KaloramaInformation.com.

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