Orthopedic Biomaterials Market June 2021 Report On 2021 Industry Share, Top Players Analysis, Size, Demand, Growth Strategy, Trends, Supply, Revenue and 2030 Forecast Research

In a recent published report, Kenneth Research has updated the market report for Orthopedic Biomaterials Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Orthopedic Biomaterials Market products.

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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.

Orthopedic materials are defined as materials used for internal fracture fixation; biomaterials are used for manufacturing bone implants. Biomaterials are composed of organic or synthetic materials. Biomaterials help in repairing the structural integrity of the damaged bones and joints. The biomaterials are implanted to perform the role of pre-existing damaged tissues such as bones, ligaments and tendons. Some of the key factors that have a major impact on the orthopedic biomaterials market are growing acceptance of biomaterials with more research and development assisting the market growth.

Orthopaedic surgeries are on a rise, high healthcare expenditure and disposable income of emerging market are also driving the market. High number of bone and joint related degenerative problems is one of the major drivers. The implants are used in the case of diseases such as osteoporosis, arthritis, tumors, trauma, tissue injuries and other bone related issues.

The market is segmented on the basis of products, application and biomaterials type. The biomaterials type includes metals and non-metals. Metals include stainless steel, titanium and cobalt alloys; non metals include ceramics, polymers and composites. Application of biomaterials includes orthobiologics, joint replacements, Viscosupplementation and others. Products include bone allografts, aligned bone matrix, machined bones, bone morphogenetic protein, synthetic bone substitute and others.

The market is driven by high expenditure in the research and development field. New biomaterials are being developed which are more compatible to human body. One of the major issues faced by manufacturers, physicians and patients alike is the biocompatibility of the products. Manufacturers are working on various new biomaterials and developing tissue reengineering techniques. Polymer based biodegradable biomaterials are being produced at a higher volume such as polyglycolic acid and polylactic acids. These polymers can easily be placed, as the implants are removed the callus strength increases. The hardware removal is not necessary therefore reducing the cost. High prevalence of age related lifestyle diseases and increasing number of elderly population is also driving the market.

North America has the highest market share whereas Asia Pacific is expected to grow in the future. The market is highly competitive and consists of some major player such as Genzyme Corporation, Carpenter Technology Corporation, and Materion Corporation. Ulbrich Stainless Steel & Special Metals, Inc., Heraeus Medical Components, CeramTec (a subsidiary of Rockwood Holdings Inc.), Ceradyne, Inc., Kyocera Corporation, Bayer, Purac Biomaterials and others.

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Companies Profiled

1. Genzyme Corporation
2. Carpenter Technology Corporation
3. Materion Corporation
4. Ulbrich Stainless Steel & Special Metals, Inc
5. Heraeus Medical Components
6. CeramTec (a subsidiary of Rockwood Holdings Inc)
7. Ceradyne, Inc
8. Kyocera Corporation
9. Bayer
10. Purac Biomaterials
11. DSM Biomedical Inc
12. Evonik Industries AG
13. Cam Bioceramics BV
14. Ticona GmbH
15. Osteotech, Inc
16. Starch Medical, Inc Landec Corporation
17. Biomet
18. DePuy Synthes
19. Medtronic
20. Stryker
21. Wright Medical Group
22. Zimmer Holdings
23. Etex Corp
24. Invibo PEEK biomaterial solutions
25. Biocoat Incorporated
26. Biocomposites Ltd
27. Collagen Matrix Inc
28. Integra lifesciences Inc
29. NovaBone Products LLC

This Kenneth Research Report covers

1. Historical data
2. Revenue forecasts, growth rates and CAGR upto 2028
3. Industry Analysis
4. Competitive Analysis
5. Key geographic growth data
6. In-depth profiling of companies

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