(MENAFN- Meridian Market Consultants) The report is titled ‘Biological Bone Repair Materials Market: Opportunity Analysis and Future Assessment 2023-2030’. An overview of conceptual frameworks, analytical approaches of the Biological Bone Repair Materials market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The Biological Bone Repair Materials market is expected to grow at a significant rate in the near future.
The global biological bone repair materials market is estimated to reach at a value of US$ 9.6 Bn by the end of 2022 and expected to reach at a value of US$ 15.1 Bn by 2030 with a significant CAGR of 5.9%.
Biological Bone Repair Materials Introduction
The conventional biodegradable medical devices and equipment for musculoskeletal diseases like osteosynthesis have surely been proven effective in low or moderate weight-bearing applications. Although the invariable research and fresh advancements in the field of material science, in the modern age, has eventuated in the development of biomaterials with enhanced strength and mechanical attributes. In that effort, the biologic materials, comprising ceramics, polymers, and magnesium compounds have gained massive traction for osteological fixation and applications.
The development of biological plates, rods, screws, pins, and suture grapnels has made huge progress in the past few years. The biological ceramics, polymers, and metals are the major three types of broadly studied and medically used biodegradable materials.
Biological Bone Repair Materials Market Dynamics
The rapidly rising incidence of musculoskeletal diseases and orthopedic ailments among the population is majorly driving the demand of biological bone repair materials all across the global markets.
With the same taken, the massively growing geriatric population around the world is also elevating the growth in the demand of biological bone repair materials worldwide. Attributing to which, the global biological bone repair material market is projected to surge substantially in the forecast period.
In addition to that, the numerous benefits of the biodegradable bone repair materials including, improved potency and other unique mechanical advantages is further positively fueling the demand of biological bone repair material across the global markets. Owing to which, the global biological bone repair material market is projected to witness major breakthroughs in the coming years.
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Biological Bone Repair Materials Market Segmentation
The global biological bone repair materials market is segmented on the basis of product, application, and region.
Bone Growth Stimulators (bgs)
Bone Graft Substitute
Ambulatory Surgical Centres
Biological Bone Repair Materials Market Key Players
The key participating players of the global Biological Bone Repair Materials market include Medtronic plc, NuVasive, Inc., Stryker Corporation, Zimmer Biomet Holdings, Orthofix International N.V., Anika Therapeutics, Inc., DePuy Synthes (Johnson and Johnson), Bioventus, Arthrex, Inc., SeaSpine Holdings Corporation, Sanofi-Aventis (Sanofi SA), DJO Global, Inc., Seikagaku Corporation, RTI Surgical, Inc., Heraeus Holding GmbH, Fidia Pharma USA Inc., TRB Chemedica International SA, Allosource, Musculoskeletal Transplant Foundation, Inc., Ito Co., Ltd., among others.
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