LONDON--(BUSINESS WIRE)--The global orthopedic biomaterials market research report by Technavio predicts the market to post a CAGR of approximately 7% during the period 2018-2022.
A key driver for the global orthopedic biomaterials market is the increasing prevalence of musculoskeletal diseases and disorders. The musculoskeletal disorders occur because of orthopedic trauma or injury, which affects the ligaments, tendons, muscles, nerves, and bone. Orthopedic trauma or injury can cause severe damage to the musculoskeletal system and affect the quality of life and day-to-day activities. The growing burden of musculoskeletal disorders subsequently increases the demand for orthopedic biomaterials used to repair such conditions.
As per Technavio, the increasing use of nanoparticles in orthopedic bioimplants will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global orthopedic biomaterials market 2018-2022 research report also analyzes other important trends and market drivers that will affect market growth over 2018-2022.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Global orthopedic biomaterials market: Increasing use of nanoparticles in orthopedic bioimplants
The application of nanotechnology in the field of medicine is revolutionary because most of the biological molecules are in the nano-scale. Thus, nanotechnology is regarded as an emerging technology in the field of medical devices. Technological advancements in nanotechnology and material sciences have assisted in creating a new generation of contrast agents, which are able to overcome many drawbacks such as a lack of tissue specificity and systemic toxicity issues.
“The nano-scale materials display excellent properties such as superior mechanical, cytocompatible, electrical, catalytic, and magnetic properties compared with their micron-structured counterparts. In the recent years, the use of nanotechnology in orthopedic implants has led to improvements in the treatment of bone defects such as musculoskeletal disorders and orthopedic trauma,” says a senior analyst at Technavio for research on orthopedics and general medical devices.
Global orthopedic biomaterials market: Segmentation analysis
This orthopedic biomaterials market analysis report segments the market by application (joint replacement, osteosynthesis, orthobiologics, and spine implants) and geography (the Americas, APAC, and EMEA).
The joint replacement segment held the largest orthopedic biomaterials market share in 2017, accounting for around 33% of the market. This application segment is expected to dominate the global market throughout the forecast period.
The Americas led the market in 2017, followed by EMEA and APAC respectively. The Americas is expected to dominate the market throughout the period 2018-2022.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
