The
Global Orthopedic Biomaterial Market report provides vital information that
prepares market players to give fierce competition to their toughest
competitors based on growth, sales, and revenue, among other essential factors.
The study has been conducted on the basis of inputs from the industry leaders.
Thus, a conscious effort to dive deep and unearth hard to find information
pertaining to the growing market landscape and growth prospects over the next
few years is clearly visible in the study. The market intelligence report
further comprises of discussions about the major vendors operating in the Orthopedic
Biomaterial space.
The Global Orthopedic Biomaterial Market revenue growth is primarily attributed to rapidly growing geriatric population worldwide, increasing incidence of musculoskeletal disorders such as osteoarthritis and osteoporosis, and increasing occurrence of falls, road accidents, fractures, sports injuries, traumatic tissue damage. Surge in demand for orthopedic biomaterials in the healthcare industry and growing use of orthopedic biomaterials in repair, reconstruction, and regeneration of damaged tissue are other major factors driving the global orthopedic biomaterial market revenue growth.
Orthopedic biomaterials are organic or synthetic materials used in medical procedures such as orthopedic surgeries to aid in the repair, regeneration, or restoration of the structural integrity of tissue and bones. These materials perform various biological functions in the body by substituting the damaged tissue, bones, ligaments, or tendons. Key application areas of orthopedic biomaterials include spine implants, joint replacement, orthobiologics, bio-resorbable tissue fixation, and viscosupplementation. Hence, increasing volumes of orthopedic surgeries including joint reconstruction, joint arthroplasty, and viscosupplementation, and rapid adoption of next-generation, highly advanced orthopedic biomaterials are expected to further contribute to market revenue growth over the forecast period.
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COVID-19 Impact Analysis:
Top players profiled in the report include: Evonik Industries AG, Zimmer Biomet, Matexcel, Globus Medical, Stryker Corporation, DSM Biomedical, Invibio Ltd., CAM Bioceramics BV, DePuy Synthes, and ExaTech Inc.
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Emergen Research has segmented the global orthopedic biomaterial market on the basis of material type, application, end-use, and region:
Material Type Outlook (Revenue, USD Billion; 2018–2028)
Application Outlook (Revenue, USD Billion; 2018–2028)
End-Use Outlook (Revenue, USD Billion; 2018–2028)
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Regional Outlook (Revenue, USD Billion; 2018–2028)
Some Key Highlights in the Report
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The Near-Infrared Imaging industry research report studies the trade extensively w.r.t company definition, Near-Infrared Imagingmarket growth factors, market methods, challenges and latest developments in Near-Infrared Imaging market across the world mainly focused during the Covid-19 Pandemic.
The new report titled ‘Global Near-Infrared
Imaging Market’, published by Emergen Research, is methodically curated by our
team of analysts, keeping readers’ understanding in mind, and includes a
wide-ranging database of industry distribution. The report takes a closer look
at the historical and current market scenarios to accurately predict the global
Near-Infrared Imaging market outlook over the forecast duration.
The Global Near Infrared Imaging Market size reached USD 950.1 Million in 2021, and is expected to register a CAGR of 10.1% during the forecast period, according to latest analysis by Emergen Research. Near infrared imaging is a diagnostic tool used for tissue imaging as it is minimally invasive and non-ionizing. It mainly uses near-infrared radiations within a range of 780 nm to 2500 nm. This technique is used to check the concentration and oxygenation of hemoglobin in the brain, muscles, and other tissues. It provides better imaging clarity than conventional methods. This technique is also widely used in applications, such as cardiovascular surgeries, cancer surgeries, plastic surgeries, and preclinical imaging.
Health concerns among geriatric population has been high, which will subsequently result in increasing use of near infrared imaging solutions. Additionally, increasing health awareness regarding the benefits of surgical treatments in several medical conditions at early or required stages is driving adoption of near infrared imaging solutions. Healthcare institutions and diagnostic centers prefer adopting technologically advanced imaging tools with improved and automated features. These factors are expected to create lucrative growth opportunities for manufacturers in the market during the forecast period.
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However, high cost of infrared detectors and availability of alternative imaging techniques are key factors that are expected to hinder the market growth. In addition, approval processes by the U.S. Food and Drug Administration (FDA) for dyeing equipment can be lengthy, which can result in delay of treatment process. The introduction of targeted fluorophores is also restricted as FDA has not granted approval for fluorescence imaging. Moreover, imaging agents have to undergo the same FDA process as the other pharmaceutical drugs, which may take longer time for approval. Due to longer FDA process, fluorescent probe worth nearly USD 150 million are still in the pipeline for approval. These factors are expected to restraint growth of near infrared imaging market during the forecast period.
Leading Players Analyzed in the Report are:
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Some Key Highlights From the Report
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Emergen Research has segmented the global near infrared imaging market on the basis of product type, application, end-use, and region:
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