Biomaterials refer to natural or synthetic materials that interact with biological systems to repair or treat natural body tissues. Biomaterials are majorly used in joint replacements, drug delivery devices, heart valves and in other medical implants. Increasing government and private funding or grants pertaining to research and development in the field of biomaterials and awareness and training workshops organized by organizations such as the NSF (National Science Foundation) biomaterials workshop, are some of the most impact rendering drivers of this market. Moreover, growing base of geriatric population across the world and the consequent rise in prevalence rates of cardiovascular and orthopedic disorders serve this market as drivers.
The future growth of this market will be fuelled by the introduction of new products in application areas such as plastic surgery, neurology and wound healing and the presence of high growth opportunities in emerging Asian economies such as India, China and Taiwan. In addition, new technologies such as hydrogen scaffolding and decellularized dermal matrixes for grafting will assist the market in growing at a healthy rate throughout the forecast period.
The cardiovascular application segment dominates the global biomaterials market in terms of share. High prevalence rates of cardiovascular diseases coupled with the presence of high unmet medical needs in this segment attributes to its high market share. Moreover, high presence of untapped opportunities in emerging Asian economies will help this market maintain its position throughout the forecast period.
The orthopedic application segment is the second largest market. The introduction of technological advancements in the fields of gene therapy and stem cell research to develop novel therapeutic solutions for chronic musculoskeletal conditions is one of the most important drivers for this market.
North America holds the largest share of the overall biomaterials market. The presence of sophisticated healthcare infrastructure and amicable reimbursement policies in this region are the most important growth factors for this market. However, rapidly rising patient awareness levels coupled with rising healthcare expenditure in emerging countries such as India and China will help the Asia-Pacific biomaterials market grow at the fastest rate from 2013 to 2019.
This research study encompasses a competitive landscape of the biomaterials market. Revenue analysis, product benchmarking and strategic developments of key market players such as DePuy Orthopaedics Inc., Dentsply International Inc., Berkeley Advanced Biomaterials Inc., Invibio Ltd., Biomet Inc., DSM Biomedical Inc., Bayer AG, Noble Biomaterials Inc., Carpenter Technology Corporation, BASF SE and others are also provided in this report.
Our market research study takes a closer look at the biomaterials industry, providing a holistic perspective on market dynamics, trends, supply and demand. Our report deep-dives into the market and segments it on multiple levels and providing key insights on a macro as well as micro level. The study aims at providing granular information, regarding estimates and forecasts for key application segments including cardiovascular, dental, plastic surgery, orthopedic, ophthalmology, wound healing, neurology, tissue engineering, dental and others with yearly forecast up to 2020. This report also holds market estimates and trend analysis for product segments such as metallic biomaterials, natural biomaterials, ceramics and polymers. The report also provides the same level of information for key regional markets of North America, Europe, Asia-Pacific and RoW (rest of the world).
The research report analyzes various factors which have been driving and inhibiting the global biomaterials market in the past. In addition, the research report analyzes the impact of each driver and restraint on the market growth based on which the market is forecasted. The report also showcases the opportunities available in the market which may act as future drivers for the market.
Our market research reports are developed using a 3600 methodology, which provides a balance between published authenticated data and exclusive primary research. We conduct exhaustive primary interviews with key industry participants, in order to enable readers to get a realistic feel of the industry pulse and facilitate decision making. Our unique excel-based reports not only provide key insights on the industry, but also quick and easy data access, with enhanced usability at minimum effort.
Our market research study attempts to provide insights to senior and top-level management, on critical industry questions such as the current and expected market revenue, drivers, restraints, opportunities and key trends in the market and how will these trends impact the market in coming years. Demand estimate and forecast for key biomaterials in the market have been provided in the study. The report also throws light on key industries for growth opportunities for service providers and the competitive landscape along with market presence of key participants.
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