Orthopedic Biomaterials Market to Grow at 10.78% CAGR by 2018, Forecasts a New Research Report at ReportsnReports.com
Dallas, Texas (PRWEB) September 22, 2014 -- One key emerging trend in the market is the advances in technology. Vendors are investing in R&D to develop new and advanced biomaterial products that are compatible and useful in orthopedic biomaterial implants. The introduction of third-generation orthopedic biomaterials such as glass-ceramics, bioactive glasses, and the presence of targeted drugs will increase the growth of the market in the future.
Analysts forecast the Global Orthopedic Biomaterials market to grow at a CAGR of 10.78 percent over the period 2013-2018. According to the report, the increasing incidence of diseases such as musculoskeletal, obesity, trauma, osteoporosis, and other orthopedic-related conditions among the aging population is one of the major drivers. The increasing incidence of orthopedic-related conditions among the aging population has led to an increase in the demand for orthopedic biomaterial products, thereby contributing to the growth of the market.
Orthopedic biomaterial deals with the physical and chemical properties of the material that is implanted into the human body as constituents of devices. The material implanted is designed to perform specific biological functions by substituting or repairing the damaged tissues such as cartilage, bone, ligaments, and tendons. Bone and joint-related degenerative problems affect millions of people worldwide; this is one of the major causes for half of all chronic diseases in people aged above 50 globally. Diseases and conditions in orthopedic such as osteoporosis, arthritis, tumors, trauma, hip and knee replacement, fractures, neck problems, and soft tissue injuries are the main reasons for using temporary, permanent, or biodegradable devices. Therefore, orthopedic biomaterials play a vital role in the implantation of such devices and provide beneficial objective for physiological requirements with the complex interplay of materials properties.
This report covers the present scenario and the growth prospects of the Global Orthopedic Biomaterials market for the period 2014-2018. To calculate the market size, the report considers the revenue generated from the sales of the following seven products:
• Bone allografts
• Machined bones
• Demineralized Bone Matrix (DBM)
• Bone Morphogenetic Protein (BMP)
• Viscosupplementation
• Stem cell therapy
• Synthetic bone substitute
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The Global Orthopedic Biomaterials Market 2014-2018 has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the APAC and EMEA regions; it also covers the Global Orthopedic Biomaterials market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
The report recognizes the following companies as the key players in the Global Orthopedic Biomaterials Market: Biomet Inc., DePuy Synthes, Medtronic Inc., Stryker Corp., Wright Medical Group Inc. and Zimmer Holdings Inc.
Other Prominent Vendors in the market are: Cam Bioceramics, Ceradyne, CeramTec (former subsidiary of Rockwood Specialities), DSM Biomedical (Subsidiary of royal DSM), Evonik Industries, Landec and Ulbrich Stainless Steels & Special Metals.
Market Driver
• Increase IN Aging Population
• For a full, detailed list, view our report
Market Trend
• Advancement in Technologies
• For a full, detailed list, view our report
Further, the report states that one of the major challenges in the market is the risk of complications associated with orthopedic implantation such as fatigue, fracture, and wear problems due to differences in orthopedic biomaterials, biocompatibility, and environmental stress.
Key Questions Answered in this Report
• What will the market size be in 2018 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
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Ritesh Tiwari, ReportsnReports, http://www.reportsnreports.com/, +1 (888) 391-5441, [email protected]
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