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Bioceramics and Hydroxyapatite Market Size, Share, Demand & Growth by 2028
Future Market Insights delivers key insights on the global bioceramics and hydroxyapatite market in its latest report titled ‘Bioceramics and Hydroxyapatite market: Global Industry Analysis 2017-2011 and Opportunity Assessment 2022-2028.’ The long-term outlook on the global bioceramics and hydroxyapatite market is expected to remain positive, recording a CAGR of 6.9% during the forecast period (2022-2028). On the basis of material type, the aluminum oxide segment is expected to remain dominant and account for nearly 45% of the global bioceramics and hydroxyapatite market. Attributed to enhanced features such as high mechanical strength and biocompatibility, which is a bio-inert ceramic and has high mechanical strength and biocompatibility bioceramics and hydroxyapatite will remain a preferred component in the production of the orthopedic implants. In addition, zirconia-based bioceramics are widely being used for dental implants and are foreseen to remain a lucrative segment in the global bioceramics and hydroxyapatite market.
The growing need for developing effective dental implants, hip, joints, and knee replacement devices are projected to fuel demand for bioceramics and hydroxyapatite over the forecast period. Production of implants per capita has further translated to an exponential market growth over the past decade.
There has been increase in percentage of ageing population which are prone to greater risk of diseases such as osteoarthritis, knee , joint and hip problems, tooth decay amongst others. Ageing population coupled with other factors such as increasing number of accidents, bad eating habits leading to tooth decay amongst others is projected to drive the demand for bioceramics and hydroxyapatite over the forecast period.
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Attributed to enhanced biocompatibility, high mechanical strength, and chemical and thermal stability, bioceramics and hydroxyapatite are increasingly being used for orthopaedic and dental implants. Growing health concerns pertaining to the impact of the materials used for developing dental implants has led manufacturers to direct their investments towards utilizing titanium as an important component. However, lack of maintenance of titanium implants can result in corrosion of the implants. To offer improved patient care, the manufacturers are developing zirconia-based implants that are white colored ceramic material. These implants offer improved biocompatibility and are likely to encourage demand for bioceramics and hydroxyapatite in the healthcare industry.
Contrary to the factors boosting the market growth, availability of bioceramics and hydroxyapatite at premium prices and lack of awareness among consumers is likely to inhibit growth of the global bioceramics and hydroxyapatite market over the coming years. Also, lack of technological advancements in developing countries of Asia Pacific region there has been still been prevalence of metal-based implants which may hinder the bioceramics and hydroxyapatite market growth in the long run.
To remain in the forefront of the competitive market, leading market players are focusing on long-term partnerships with implant manufacturers, and expanding their regional footprints in the bioceramics and hydroxyapatite market. In-depth research and development have also been conducted for developing 3-D printing and artificial bones thus expanding the application area and product offerings for bioceramics and hydroxyapatite.
Segmentation Analysis
• On the basis of material type, the aluminium oxide segment is projected to retain its dominance in the global bioceramics and hydroxyapatite market throughout the forecast period, accounting for a value share of ~45% by the end 2018.
• On the basis of type, bio-inert is expected to remain a leading segment in the global bioceramics and hydroxyapatite market, recording a CAGR of 6.8% over the forecast period. However, the bio-active segment is expected to witness higher growth rate in terms of value.
• On the basis of application, sales of the bioceramics and hydroxyapatite is likely to remain concentrated for the development of the orthopaedic implants. However, other applications such as dental implants and implantable electronic devices are projected to witness significant growth over the coming years in terms of consumption.
About the Chemicals and Materials Division at Future Market Insights (FMI)
The chemicals and materials division of Future Market Insights (FMI) offers a distinct and pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and nanotechnology in particular, with special emphasis on ‘green alternatives, recycling and renewable technology developments, and supply-demand-trade assessment. Our research studies serve as referencing market guidelines for chemical manufacturers, research institutions, channel partners, and government bodies for developing — ‘The Way Forward’.
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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Growing Role of Germany in the Biotechnology and Proteinase K Market
The Global Proteinase K Industry is poised for steady growth over the next decade, according to market projections. A recent analysis forecasts the market to reach a valuation of US$43.9 million by 2033. This translates to a consistent Compound Annual Growth Rate (CAGR) of 4.8% anticipated from 2023 to 2033. The market’s current value sits at an estimated US$27.5 million in 2023, underlining the increasing importance of proteinase K across various scientific applications.
A plethora of factors are expected to impact the growth of the Global Proteinase K Industry. A significant rise in research and development activities, lesser production costs, broader application of Proteinase K, and good product stability and specificity of Proteinase K will give a massive push to the revenue growth of the Global Proteinase K Industry by the end of the forecast period. A steady rise of chronic diseases and better government-backed investment channels to fund advanced research and development are expected to boost the expansion of the Global Proteinase K Industry throughout the assessment. An increasing number of research activities, soaring expenditure on personal healthcare, and increasing adoption of gene therapy have been significantly high in the U.S. market in recent years, making North America the most lucrative regional market for Proteinase K.
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Global Proteinase K Industry: Segmental Forecast
By form, the lyophilized powder form segment is anticipated to account for a higher revenue share in the global Proteinase K as compared to the liquid form segment. Lyophilized powder from the segment is expected to reach a market value of US$ 19.2 Mn by 2026, reflecting a CAGR of 6.3% over the forecast period. The growth in lyophilized powder form can be attributed to the increasing advantages of powder form over liquid form in the case of storage and preservation of samples.
By application, purification of DNA & RNA segment will account for the highest revenue share in the Global Proteinase K Industry as compared to other applications of Proteinase K. Purification of DNA & RNA segment is expected to reach a value of US$ 19.2 Mn by 2026, reflecting a CAGR of 6.5% over the forecast period.
By end user, the biotechnology companies segment is expected to project higher demand for Proteinase K as compared to other end-user segments such as academic institutes and diagnostics laboratories. The strong growth in biotechnology companies can be attributed to an increasing use of Proteinase K in research and development and new drug discovery. The cost-effectiveness of Proteinase K over other reagents is the key factor responsible for its increasing use in biotechnology companies. The biotechnology companies segment is expected to register the highest CAGR of 6.7% over the forecast period.
Global Proteinase K Industry Regional Market Projections
Demand for research in academics and funding facilities provided by the U.S. government to support gene therapy and other activities for drug development is anticipated to boost the North American Proteinase K market. Followed by North America, Western Europe, and APEJ are the most lucrative regions in the global Proteinase K market and are anticipated to grow by 5.7% and 6.1% respectively over the forecast period. Increasing demand for drug development, rising hereditary diseases due to changing lifestyles, and growing disposable income are some of the factors expected to contribute to the growth of the Global Proteinase K Industry.
Global Proteinase K Industry: Vendor Insights
Top companies profiled in the Global Proteinase K Industry report include Thermo Fisher Scientific Inc., Merck KGaA, Qiagen N.V., Worthington Biochemical Corporation, Sisco Research Laboratories Pvt. Ltd, Promega Corporation, Bioline and F. Hoffmann-La Roche AG among others. Leading market players are adopting different strategies such as product launches and acquisitions to maintain their market share. For instance, in November 2015, Merck KGaA acquired Sigma-Aldrich to strengthen and expand its consumable and reagent portfolio.
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Global Proteinase K Industry Segmentation Form
Lyophilized Powder Form
Liquid Form
Application
Isolation and purification of genomic DNA & RNA
In Situ Hybridization
Mitochondria isolation
Enzyme Removal
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Urinary Tract Infection (UTI) Treatment Market Outlook for 2024 to 2034
The Global Urinary Tract Infection (UTI) Treatment Industry is estimated to be worth US$ 11,244.0 million in 2024 and is projected to be valued at US$ 13,617.4 million in 2034. Between 2024 and 2034, the industry is expected to register a growth rate of 1.9%.
The urinary tract infection treatment market is poised for substantial growth in the foreseeable future, attributed to factors such as hormonal changes, inadequate personal hygiene practices, catheter usage, and other contributing factors. As the prevalence of urinary tract infections rises, the market is anticipated to experience noteworthy expansion in the coming years.
The heightened occurrence of chronic kidney diseases, including conditions like bladder cancer and renal failure, has resulted in a greater utilization of catheters and other drainage devices among patients. Individuals using urinary catheters face an elevated risk of developing complicated urinary tract infections, driving the demand for UTI treatment.
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Supportive government policies, initiatives, and regulations can influence the market positively by fostering research and development in the field of UTI treatment. Increased spending on healthcare infrastructure and services, both in developed and developing countries, can positively influence the UTI treatment market.
The adoption of telehealth and remote patient monitoring technologies can facilitate better management and follow-up care for individuals with UTIs. Growing awareness among patients and healthcare professionals about the importance of early detection and prompt treatment of UTIs can contribute to market growth.
Global Urinary Tract Infection (UTI) Treatment Industry Key Takeaways
From 2019 to 2023, the urinary tract infection (UTI) treatment market was valued at a CAGR of 2.1%
Based on indication, the uncomplicated UTI segment is expected to account for a share of 76.2% in 2024.
Global urinary tract infection (UTI) treatment demand in China is predicted to account for a CAGR of 2.0% in 2024.
In the United States, the urinary tract infection (UTI) treatment industry is expected to account for a CAGR of 2.5% in 2024.
India is projected to expand by a value CAGR of 1.9% between 2024 and 2034.
The urinary tract infection (UTI) treatment market in Japan is anticipated to record a CAGR of 2.1% in 2024.
“Increased prevalence of urinary tract infections and strategic advancements in treatment options propel the growth of the urinary tract infection treatment market.” says an FMI analyst.
Global Urinary Tract Infection (UTI) Treatment Industry Competitive Landscape
The market players are investing in ongoing research and development activities to discover and develop new and more effective UTI treatment options. This could involve the exploration of novel antibiotics, combination therapies, and innovative drug delivery methods. Expanding market presence by entering new geographic regions and enhancing distribution networks to ensure wider availability of UTI treatments.
Bristol-Myers Squibb Company focuses on the development of drugs in various therapeutic areas, including infectious diseases. They might have products related to UTI treatment.
Janssen Global Services LLC is a pharmaceutical company under the umbrella of Johnson & Johnson. They may have products related to infectious diseases, including UTI treatment.
Lupin is an Indian multinational pharmaceutical company. They might have a range of pharmaceutical products, including those related to infectious diseases.
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More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global urinary tract infection (UTI) treatment market, providing historical data from 2019 to 2023 and forecast statistics between 2024 and 2034.
To understand opportunities in the urinary tract infection (UTI) treatment industry, the industry is segmented based on Drug Class (Penicillin & Combinations, Quinolones, Cephalosporin, Aminoglycoside Antibiotics, Sulphonamides (Sulfamethoxazole, Trimethoprim), Azoles and Amphotericin B, Tetracycline (Doxycycline), Nitrofurans (Nitrofurantoin), Others) By Indication(Complicated Urinary Tract Infection, Uncomplicated Urinary Tract Infection) By Distribution Channel(Hospital Pharmacies, Gynecology and Urology Clinics, Drug Stores, Retail Pharmacies, Online Drug Stores) Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and the Middle East and Africa).
Key Players operating in the Global Urinary Tract Infection (UTI) Treatment Industry are
Allergan
Bayer AG
Pfizer, Inc.
GlaxoSmithKline plc
Bristol-Myers Squibb Company
Janssen Global Services, LLC
Lupin Ltd
Merck & Co., Inc.
Almirall, S.A
Dr. Reddy’s Laboratories Ltd.
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Global Urinary Tract Infection (UTI) Treatment Industry – Key Segments
By Drug Class:
Penicillin & Combinations
Quinolones
Cephalosporin
Aminoglycoside Antibiotics
Sulphonamides (Sulfamethoxazole, Trimethoprim)
Azoles and Amphotericin B
Tetracycline (Doxycycline)
Nitrofurans (Nitrofurantoin)
Others
By Indication:
Complicated
Uncomplicated
By Distribution Channel:
Hospital Pharmacies
Gynecology and Urology Clinics
Drug Stores
Retail Pharmacies
Online Drug Stores
By Region:
North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
Middle East and Africa
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The Bicycle Components Aftermarket in 2022 was US$ 14 Billion and is estimated to be US$ 14.62 Billion in 2023. According to FMI analysis, the bicycle components aftermarket is projected to expand at a CAGR of 6.9% between 2023 and 2033, totaling around US$ 28.3 Billion by 2033.
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