Biomaterials Market for Implantable Devices: Future market projections for forthcoming years

The Global Biomaterials Market is forecasted to grow at a CAGR of 4.1% between 2013 and 2019. According to the report, the market is estimated to be valued at US$33,600 million by 2019, increasing from US$25,277.8 million in 2012.

Hence, the demand metals, polymers, ceramics, and natural origin biomaterials has significantly increased since these have proven to be safe, affordable, and reliable. Increasing geriatric population worldwide has led to growing incidences of diseases such as arthritis and osteoporosis. Moreover, the aging people are also more prone to accidents and injuries, which has increased the demand for graft transplant surgeries and medical implants. This in turn will drive the biomaterials market. The medical implants market is propelled to counter the increasing morbidity among the elderly population, thereby propelling the biomaterials market. Technological advances introduced in the medical and healthcare industry has led to improved functionality and efficiency of medical implants and its associated procedures. This has contributed significantly to the growth of the biomaterials market. The research report segments the biomaterials market on the basis of material types which is further divided as per applications of these biomaterials for various medical conditions. In 2012, metal type biomaterials held the largest market share in the biomaterials market.

Request to view Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2384

Polymers will exhibit fastest growth in the coming years owing to its increased applications in healthcare and distinct material properties such as biocompatibility, bioinertness, flexibility, longevity, and durability.Polymers biomaterials have extensive applications such as in percutaneous transluminal coronary angioplasty (PTCA) catheters, contact lenses, strong frame for dental prosthesis and dentures, heart valves, and intraocular lenses. With rising incidence of ophthalmic disorders and persistent demand from geriatrics, the mainstream usage of polymers for ophthalmological purposes will surge in the next few years. In 2012, orthopedic applications of biomaterials held largest share due to increasing number of knee and hip replacement procedures performed across the globe and increasing application in sports medicine. However, ophthalmic applications will drive demand for polymers biomaterials due to increasing prevalence of ophthalmic disorders among adults, children, and elderly population.

Request to Download TOC of the Report: http://www.transparencymarketresearch.com/report-toc/2384

Furthermore, large number of medical implant procedures performed in developed nations such as the United States, Germany, the U.K., Spain, Canada, France, and Italy are impressively fuelling the biomaterials market. Among the key regional markets, North America dominates the global biomaterials market. Eye disorders, bone-related diseases, dental problems, and fractures have become very common in the U.S. which is fueling demand for biomaterials in the country.

Global Biomaterials Market for Implantable Devices Market Report is available @ US$ 5795: http://www.transparencymarketresearch.com/checkout.php?rep_id=2384<ype=S

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Contact us:

Transparency Market Research
90 State Street,
Suite 700,
Albany
NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/

This release was published on openPR.