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Dallas, TX -- (SBWIRE) -- 10/28/2014 -- 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.
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.
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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. 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 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.
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List of Figure for “Biomaterials Market [By Products (Polymers, Metals, Ceramics, Natural Biomaterials) & Applications (Cardiovascular, Orthopedic, Dental, Plastic Surgery, Wound Healing, Tissue Engineering, Ophthalmology, Neurology Disorders)] – Global Forecasts to 2017” research report include:
Figure 1 Global Biomaterial Market, By Geography,2012 – 2017 ($Billion)
Figure 2 Biomaterial Market, Geographic Ranking, 2012
Figure 3 Evolution Of The Biomaterial Market
Figure 4 Parental Structure Of Biomaterial Market
Figure 5 Characteristics Of Biomaterial Science
Figure 6 Biomaterial Market Segmentation
Figure 7 Rise In Age-Related Disability
Figure 8 Increasing Aging Population
Figure 9 Supply Chain Analysis: Scenario I
Figure 10 Supply Chain Analysis: Scenario II
Figure 11 Supply Chain: Major Influencers
Figure 12 Supply Chain: Improvement Areas
Figure 13 Global Biomaterial Market, By Type
Figure 14 Metallic Biomaterial Segmentation
Figure 15 Ceramics Biomaterial Segmentation
Figure 16 Polymers Biomaterial Segmentation
Figure 17 Natural Biomaterial Segmentation
Figure 18 Global Biomaterial Market, By Application
Figure 19 Cardiovascular Biomaterial Segmentation
Figure 20 Ophthalmology Biomaterial Segmentation
Figure 21 Dental Biomaterial Segmentation
Figure 22 Plastic Surgery Biomaterial Segmentation
Figure 23 Wound Healing Biomaterial Segmentation
Figure 24 Tissue Engineering Biomaterial Segmentation
Figure 25 Orthopedic Biomaterial Segmentation
Figure 26 Neurological Disorders/Central Nervous System (CNS) Biomaterial Segmentation
Figure 27 Others Biomaterial Segmentation
Figure 28 Key Growth Strategies Of Biomaterials Market, 2010 – 2013
Figure 29 Agreements, Partnerships, Collaborations, Contracts And Joint Ventures, By Key Player, 2010 – 2013
Figure 30 Mergers & Acquisitions, By Key Player, 2010 – 2013
Figure 31 Key Growth Strategies, 2010 – 2013
Figure 32 New Product Launch, By Key Players, 2010 – 2013
Figure 33 Agreements, Partnerships, Collaborations, Contracts And Joint Ventures, By Key Players, 2010 – 2013
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