Today, orthopedics is still in the search for reliable biomaterial for prosthesis. The Orthopedic Biomaterial Market must have good longevity and other supporting properties in order to maintain low implant failure. The success of an implant depends on many factors. Biomaterial is the natural or synthetic materials origin used for the implants. Many medical implants like dental implants, heart valves and many more are prepared by biomaterials. Biomaterial has find its application in orthopedics. They are used in the various bones transplantation. As biomaterial not causes any immunogenic reaction with the body it makes it as a suitable material for these products. According to the Population Reference Bureau (2016), the number of Americans ages 65 and older was around 46 million which is expected to reach over 98 million by 2060. Increasing geriatric population across the globe has led to increase the incidents of diseases like osteoporosis and arthritis. Beside this increasing age simultaneously increases the possibility of bones problems and injury. Additionally, increasing government support, and increasing healthcare expenditure have fuelled the growth of the market during the forecasted period. Due to lack of time for exercise and poor diet increases the incident of different muscles and bone problems. Race to find the cost-effective alternatives have increases the competition between manufacturers and are the key challenge for them. High cost of the products may slow the growth of the market during the forecast period.
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Regionally, the global orthopedic biomaterial market is segmented into: America, Europe, Asia Pacific, and the Middle East & Africa.
The Americas holds a significant market share of the global market owing to the presence of huge geriatric population and increasing prevalence of different bones diseases. Additionally, during last few years there is a significant increase in the number of accidents which has also helped in driving the growth of the market. Europe accounts for the second largest market in the globe due to a high patient population, high healthcare expenditure and string government support for research & development. Asia Pacific is expecting the fastest growth for the market owing to the presence of the huge opportunity for the growth of the market. The Middle East & Africa holds the least share in the market owing to the presence of the poor economic conditions Africa. Gulf nations such as Saudi Arabia and the UAE drive the Middle East & African market due to the well-developed healthcare sector and huge per capita income of the people.
The report provides comprehensive view about the orthopedic biomaterials market. The reports includes four types of biomaterials
- Stainless Steel
- Titanium Alloy
- Cobalt and Chromium Alloys
- Precious Metals
- Zirconium dioxide
- Calcium Phosphate
- Calcium Sulphate
- Bioactive Glass Ceramics
- Polymethylmethacrylate (PMMA)
- Polyetheretherketone (PEEK)
- Chitin & Chitosan
- Hyaluronic Acid
- Demineralised Bone Matrix (DBM)
- Growth Factor Proteins
- Bone Morphogenetic Proteins
- Stem Cells
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