1. Global Biomaterials Market Forecasts to 2017
A biomaterial is a natural or synthetic material suited to replace or treat natural body tissues and organs
on 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, have
since been adapted, improvised, and technically enabled to improve body functions and replace damaged
tissues. 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 their
performance 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, technological
advancements, increasing applications of biomaterials, and growing number of elderly people are the
major factors propelling the growth of the biomaterial market globally. Immunological and inflammatory
reactions, stringent regulatory systems, issue of fracture fatigue and wear and reimbursement concerns
are the major deterrents curbing the biomaterial market.
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global-forecasts-to-2017.html
The global biomaterial market witnesses a plethora of growth opportunities. Novel developments of
biomaterial 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 increased
conferences and research-related activities in RoW countries are major factors influencing the growth of
the biomaterial market. The burning issues affecting the growth of biomaterial market are challenges to
tissue 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 the
World (RoW). North America will continue to lead the biomaterial market in the years to come, followed by
Europe. North American market growth is likely to be driven by increasing government investments in
biomaterial sector, reimbursements offered by Centers for Medicare and Medicaid Services (CMS) and
rising aging population who are the main consumers of biomaterials. The North American biomaterial
market is expected to receive a significant push due to phenomenal increase in new products such as
botox, botulinum toxins, and hyaluronic-based injectables.
Scope of the Report
This 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, providing
exhaustive value analysis for the years 2010, 2011, 2012, and forecast to 2017. Each market is
2. comprehensively analyzed at a granular level by geography (North America, Europe, Asia, and Rest of
the World) to provide in-depth information on the global scenario.
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Global Biomaterial Market Segmentation By Type:
Metals
Stainless Steel
Titanium & Titanium Alloys
Cobalt-Chrome Alloys
Silver
Gold
Platinum
Ceramics
Aluminium Oxide
Zirconia
Calcium Phosphate
Calcium Sulfate
Carbon
Glass
Polymers
Nylon
Silicone Rubber
Polyester
Polyethylene
Polymethylmethacrylate (PMMA)
Polyvinyl Chloride
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