Americas Orthopedic Biomaterial Market Scenario:The Americas Orthopedic Biomaterial Market is anticipated to reach USD 623.3 Million by 2030 at 12.3% CAGR during the forecast period 2022-2030. Orthopedic biomaterials are synthetic or organic materials. They are used for the internal fracture fixation. Biomaterial has found most prominent application in orthopaedics. Increasing demand for the orthopedic biomaterial because of its application in Knee and hip replacement has driven the market growth. Due to increasing surgeries, various government support and rising aging population in America are the major driving factors for the market growth. While on other hand high cost of treatment and increasing failure of joints implants can be responsible to hinder the market growth. America’s orthopedic biomaterials market has undergoing a swift changes due to many factors. Increase in the number of joint replacement surgeries in America has increase the market of orthopedic biomaterial significantly.Study Objectives of Americas Orthopedic Biomaterial Market information:
Figure 1- Americas Orthopedic Biomaterial Market Share, by type of material (2016)
Americas orthopedic biomaterial market is expected to grow at a CAGR of 11.5% during forecasted period 2017-2023.
Key Players for Orthopedic Biomaterials Market:
Some of the major players in Americas 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.
Segments:Americas Orthopedic Biomaterial 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. Furthermore 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.
Americas Orthopedic Biomaterial Market is segmented into three major regions- US, Canada and Rest of America. US contribute a huge share in the orthopaedic biomaterial market. Due to increasing number of joint replacement surgeries and advances in the development has boosted the US market. In Orthopedic biomaterial market US is followed by Canada, Huge aging population in Canada has increased its market of orthopedic biomaterial.
The report for Americas Orthopedic Biomaterial Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions.