America Orthopedic Biomaterials is Expected to Grow at a CAGR of 11.5% during 2017-2023

Pune, India, June, 2017 /MRFR Press Release/- Market research future has a half cooked research report on Americas Orthopedic biomedical market. The Americas Orthopedic biomedical market is growing at an average rate and is expected show the similar trend during forecast period.

Americas Orthopedic biomedical market is expected to increase at impressive rate in coming future. Biomaterial are 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 cause any immunogenic reaction with the body it makes it as a suitable material for this products. Increasing geriatric population in America 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.

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 has increases the competition between manufacturers and is the key challenge for them.

Figure 1- Americas Orthopedic Biomaterial Market, by type of material

Segments:
Orthopedic Biomaterials Market is segmented on the basis of, by type of material which is Metals and Non-metals.  Metals are further sub segmented into stainless steel, Titanium Alloy, Cobalt alloy and others. Non Metal is sub segmented into Ceramic (Alumina, Calcium Phosphate, Zirconium dioxide. Carbon and Other), Polymeric (Polymethylmethacrylate (PMMA), Polyethylene, Silicone, Polyester and Other), Natural Biomaterials (Collagen, Chitin & Chitosan and Other) and Others.
On the Basis of application the market is segmented into Joint Replacement, fracture Fixation Devices, Tissue Fixation, Spine implants, Viscosupplementation and Other. Joint replacement is sub segmented into Hip replacement, Knee replacement, Shoulder and elbow replacement and other. Tissue fixation is sub segmented into interference screws, suture anchors and others. Spine implants is further sub segmented into spine fusion, other. Fracture Fixation Devices are sub segmented into Screws, Plates for Bones, Rods and other.
On regional basis the, US accounts the largest market in America. As per study it was observed that more than 4.5 lack spine fusion and more than 5 million fractures occur every year in US. This has serve as a path for the development of the orthpedic biomaterial market in America. Beside this cost affordability of the people and introduction of new types of techniques has increase the market significantly. Bone morphogenetic proteins (BMPs) which is a newly emerged technique has got a huge demand and preferred by peoples. The growth rate of this treatment is around 15-20% per annum. Canada has a second largest Americas orthopedic biomaterial market after US. The major reason for the growth of the market is increasing aging population in Canada. Around 16% of total Canadian population are in 65 and over age group which will increase to 25-30% till 2030. Total Americas orthopedic market is expected to grow at CAGR of 11.5% during forecasted period 2017-2023.

The rising demand for the market has attracted number of companies. Some of the major players in orthopedic biomaterial market are:  Materion Corporation (US), Carpenter Technology Corporation (US), Ulbrich Stainless Steel & Special Metals, Inc. (US), CeramTec (Germany), Ceradyne (US), Heraeus Medical Components (US), Kyocera Corporation (Japan), Ticona GmbH (Germany), Purac Biomaterials (US), Acumed (US), Amedica Corporation (US), Johnson & Johnson (US), Osteotech, Inc. (US), Cam Bioceramics B.V. (Netherland), Landec Corporation. (US) and many more.

Access Complete Report at https://www.marketresearchfuture.com/reports/americas-orthopedic-biomaterial-market-641

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