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Global biomaterials market


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A biomaterial is a natural or synthetic material suited to replace or treat natural body tissues and organs on interaction with biological systems.

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Global biomaterials market

  1. 1. Global Biomaterials Market Forecasts to 2017A biomaterial is a natural or synthetic material suited to replace or treat natural body tissues and organson interaction with biological systems. It traces its history to more than 2000 years ago, when Romans,Chinese, and Aztecs used gold for dental applications. Biomaterials, which are also biocompatible, havesince been adapted, improvised, and technically enabled to improve body functions and replace damagedtissues. They have evolved to include biodegradable materials that are easily dissolved in the body.Advances in technology and the emergence of innovative biomaterial products have enhanced theirperformance and applications.The global biomaterial market is estimated to reach $88.4 billion by 2017 from $44.0 billion in 2012,growing at a CAGR of 15%. Increased investments, funding and grants by government bodies worldwide,incessant rise in the number of collaborations, conferences and research-related activities, technologicaladvancements, increasing applications of biomaterials, and growing number of elderly people are themajor factors propelling the growth of the biomaterial market globally. Immunological and inflammatoryreactions, stringent regulatory systems, issue of fracture fatigue and wear and reimbursement concernsare the major deterrents curbing the biomaterial market.Buy a copy of this report @ global biomaterial market witnesses a plethora of growth opportunities. Novel developments ofbiomaterial for wound healing, plastic surgery, tissue engineering, ophthalmology, and neurology,colossal pool of cardiac patients in Asia, rise of biomaterial market in China and Taiwan, and increasedconferences and research-related activities in RoW countries are major factors influencing the growth ofthe biomaterial market. The burning issues affecting the growth of biomaterial market are challenges totissue engineering and effect on suppliers by the Biomaterials Access Assurance Act.The global biomaterial market is dominated by North America, followed by Europe, Asia, and Rest of theWorld (RoW). North America will continue to lead the biomaterial market in the years to come, followed byEurope. North American market growth is likely to be driven by increasing government investments inbiomaterial sector, reimbursements offered by Centers for Medicare and Medicaid Services (CMS) andrising aging population who are the main consumers of biomaterials. The North American biomaterialmarket is expected to receive a significant push due to phenomenal increase in new products such asbotox, botulinum toxins, and hyaluronic-based injectables.Scope of the ReportThis research report categorizes and analyzes the global biomaterial market under two broad segments -type and application. Both of these markets are broken down into segments and sub-segments, providingexhaustive value analysis for the years 2010, 2011, 2012, and forecast to 2017. Each market is
  2. 2. comprehensively analyzed at a granular level by geography (North America, Europe, Asia, and Rest ofthe World) to provide in-depth information on the global scenario.Request a Sample of this report @ Biomaterial Market Segmentation By Type:Metals  Stainless Steel  Titanium & Titanium Alloys  Cobalt-Chrome Alloys  Silver  Gold  PlatinumCeramics  Aluminium Oxide  Zirconia  Calcium Phosphate  Calcium Sulfate  Carbon  GlassPolymers  Nylon  Silicone Rubber  Polyester  Polyethylene  Polymethylmethacrylate (PMMA)  Polyvinyl ChlorideInquire for Discount on this report @ for more details.