MarketsandMarkets: Brazil Biomaterials Market Worth US$1.7 Billion by 2015

DALLAS, May 4, 2011 /PRNewswire/ -- According to a new market research report, 'Brazil Biomaterials Market (2010-2015)', published by MarketsandMarkets ( http://www.marketsandmarkets.com), the biomaterials market in Brazil is expected to be worth US$1.7 billion by 2015, and is expected to grow at a CAGR of 19.5% from 2010 to 2015.

Browse 48 market data tables and in-depth TOC on Brazil Biomaterials Market (2010-2015).

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Brazil, off late, has emerged as an attractive destination for medical tourism because of its quality services, excellent medical facilities, and treatment at affordable prices (about 50% less than that of U.S.).

The private healthcare delivery market in Brazil will see new entrants and some consolidation. This is likely to increase the number of hospitals and the care units. For example, the International Financial Corporation (IFC) has partially financed the private hospital chain 'Hospital e Maternidade Analia Franco' of the Sao Luiz Group. The IFC extended a loan of $17 million with a 13-year final maturity and additional long-term fund of the same amount to furnish and equip the hospital. Such developments are likely to increase the number of hospitals or care units in the country.

In the biomaterials market, materials such as metals, ceramics, and polymers are used in various products such as artificial knee, cardiac stents, thrombin-based hemostats, catheter, and others. Metals account for the largest share; i.e. 36% of the total biomaterials market in 2010. Metals have a natural property of biocompatibility which is important for various treatments and have less wear and tear rate; this increases the demand for metals in biomaterials. Metals are further classified into pure form metals and alloys. Ceramics and polymers account for 25% and 24% respectively of the biomaterial market.

The National Health Surveillance Agency (Agencia Nacional de Vigilancia Sanitaria or ANVISA), established in January 1999, is an autonomous agency in Brazil, which works with the Ministry of Health under a management contract. ANVISA is responsible for regulating medical equipment and pharmaceuticals and is equivalent to the U.S. Food & Drug Administration (FDA). It is mandatory to have all devices registered with ANVISA before they are launched in the market.

Aging population (population above 60 years is expected to reach 24 million by 2012), higher life expectancy, and increase in the incidences of 'lifestyle and chronic diseases' such as cardiovascular diseases have influenced the growth of biomaterial products. According to the World Health Organization, 32% of the total mortality in Brazil is due to cardiovascular diseases. Such a high incidence of diseases will increase the demand for cardiovascular biomaterial products such as cardiac stents.

The increasing number of application areas that allow suppliers a larger bandwidth for their material development mainly drives the supply side of the market. The increasing application areas for biomaterial products are attracting more companies to invest in research and development of newer materials and improve the performance of the existing products; leading to an increase in demand and boost the market size. Biomaterials are used in a variety of applications ranging from tissue replacements and surface coating to medical devices. They are also widely used in drug delivery, gene transfer, and tissue engineering applications.

Scope of the report

This report analyzes the Brazil biomaterials markets based on:

    
    - Biomaterial market, by products:
        - Orthopedic
        - Cardiovascular
        - Wound care
        - Gastrointestinal
        - Urological
        - Plastic surgery
       - Others

    - Biomaterial market, by materials:
        - Metals
        - Polymers
        - Ceramics
        - Composites

    - Biomaterial market, by applications:
        - General surgery
        - Surgical appliances and supplies
        - Surgical and medical instruments
        - dental products
        - Electro medical equipment
        - Other applications

In addition to market sizes and forecasts, the report also provides a detailed analysis of the market trends and factors influencing market growth, offering in-depth geographic analyses of the biomaterial market in Brazil. The report draws the competitive landscape of the Brazil biomaterial market, providing an in-depth comparative analysis of the technological and marketing strategies adopted by the key players in order to gain an edge over the their competitors.

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