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(MoneyNewsWire.Net, November 24, 2017 ) A biomaterial is a substance made to interact with biological systems to serve a medical purpose like a therapeutic or diagnostic one. They are used as implants to replace the damaged tissues or body parts. The recent upsurge in the use of biomaterials is mainly attributed to the tremendous research on advancements in medical technology for the efficient functionality of medical implants. Concerns of biocompatibility and demand for superior implant mechanical performance have added to the need for advancements in medical technology.
Biomaterials Market: Drivers & Restraints
Factors attributable to the growth of market are increase in healthcare expenditure, upsurge in usage of polymers in biomaterials, rising geriatric populace, increasing applications in the field of cardiology, wound healing neurology, plastic surgery. Also, new technologies like hydrogen scaffolding are expected to boost the market. On the other hand, adverse reaction to biomaterial implants, high costs and manufacturing complications are the factors hindering the growth of market.
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Biomaterials Market: Segmentation
By Material Type
Ceramic
Metallic
Polymers
Natural Biomaterials
Others
By Application
Orthopaedic
Dental
Cardiovascular
Plastic surgery
Wound healing
Ophthalmology
Tissue engineering
Neurological/Central Nervous Systems
Others
Biomaterials Market: Overview
Among the materials segment ceramics hold the major share in the market due to their rigid nature, longer life and lesser side effects. Polymers are expected to grow the fastest due to increasing applications and increasing adoption rate. Orthopaedic applications are on the rise due to increasing number of individuals with orthopaedic problems.
Biomaterials Market: Region-wise Outlook
Geographically, market is segmented into Brazil, Argentina, Mexico and Rest of Latin America. Latin America is expected to increase at highest CAGR during the forecast period because of the growing healthcare facilities, technological advancements in developing countries like Brazil and Argentina, rapid adoption rate and increasing consumer awareness. Brazil hold the major market share due to a developed healthcare infrastructure and Argentina is expected to grow the fastest.
Key Questions Answered
What is the current and future Biomaterials Market outlook in Latin America? What trends are affecting the market?
What is the competitive landscape and market share of major players in the Biomaterials Market space in Latin America?
What are the key, high growth markets that Biomaterials Market manufacturers should expand into? Which market segments are growing the fastest?
What are the unmet needs with the Biomaterials currently on the market? How will emerging technologies fulfil these unmet needs?
What is patient perception and market outlook of Biomaterials?
What are the challenges and barriers that have hindered widespread adoption of Biomaterials?
Biomaterials Market: Key Players
Some of the key players in the Latin America biomaterials market include Royal DSM, Zimmer Biomet Holdings, Inc., Evonik Industries AG, Wright Medical Technology, Inc., Corbion N.V., Berkeley Advanced Biomaterials, Bayer AG, Carpenter Technology Corporation, Covalon Technologies Ltd., BASF SE, Invibio Ltd., Inc., CAM Bioceramics BV, and Collagen Matrix, Inc.
Reasons to buy Biomaterials Market Report:
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porters Five Forces Analyses
A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Market Data Forecast
Abhishek
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abhishek@marketdataforecast.com
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