Biomaterials are used to restore a part of a living system or to function in close contact with living tissue and organs interface with biological system. Currently the technological advancements in the biomaterials have led to novel biomaterial products that improve body functions, restore damaged tissues, used as medical implants, devices, surface coaters and in other wound care applications. Depending on the type of materials the biomaterials market is segmented into metals, ceramics, polymers, and natural biomaterials. Some of the prominent metals include silver, platinum, gold, cobalt, and stainless steel titanium. Ceramics such as carbon, glass and zirconia play a critical role. Polymers such as polyester, nylon, silicone rubber, and polyvinyl chloride are the mostly used. Whereas, natural biomaterials segment consists of collagen, cellulose, and alginate. Some of the major application areas include cardiovascular, orthopedic, dental, plastic surgery, wound healing, ophthalmology, and tissue engineering.
The global biomaterials market is expected to reach around $90 billion by 2017 growing at a CAGR of more than 15.0%. The technological advancements, rise in investments, grants and funding by governing bodies, research related activities and vast application areas are some of the major drivers for biomaterials market. Whereas, rigid regulatory systems, reimbursement concerns, inflammatory reactions, and fracture issues are some of the restraints that are hindering the biomaterial market growth. Across the globe biomaterial market is expected to view a surplus of opportunities due to new developments in the fields of ophthalmology, neurology, tissue engineering, and increase in cardiac patients.
The global biomaterials market is dominated by North America followed by Europe. The favorable reimbursements by Centers for Medicare and Medicaid Services (CMS) and rising investments by the U.S. government are attributing to the North American market growth. While Asia Pacific region is expected to grow at a faster rate due to increase in bone graft substitutes fueled by the rapidly expanding elderly population, and a high incidence of orthopedic disorders.
The report provides an in depth market analysis of the above mentioned segments across the following regions:
- North America
- Rest of the World (RoW)
Key Topics Covered:
1. EXECUTIVE SUMMARY
3. Market Analysis
4. Biomaterial Market by Material
5. Biomaterial Market by Application
6. Geographic Analysis
7. Competitive Landscape
8. Company Profiles
- Basf SE
- Bayer AG
- Berkeley Advanced Biomaterials, Inc
- Cam Bioceramics BV
- Carpenter Technology Corporation
- Evonik Industries AG
- Heraeus Medical Components, Inc. (Subsidiary Of Heraeus Holding Gmbh)
- Landec Corporation
- Wright Medical Group, Inc.
- sigma-Aldrich Corporation
For more information visit http://www.researchandmarkets.com/research/v5b3j5/biomaterials
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SOURCE Research and Markets