Global Nanofiber Materials Market for Biomedical Industry Expected To Reach At A CAGR Of Over 23% By 2021

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This industry research report identifies Ahlstrom, Asahi Kasei, Donaldson, Nanofiber Solutions, SNS Nanofiber Technology, TEIJIN, and Toray as the key vendors in the global nanofiber materials market for the biomedical industry. This industry research report also presents a competitive analysis of the market by product type (synthetic polymers, natural polymers, ceramic and inorganic, carbon and graphene, and metallic), by application (filters and membranes, medical textiles and wound dressings, tissue engineering, and drug delivery), and by geography (the Americas, APAC, Europe, and ROW).

Overview of the global nanofiber materials market for the biomedical industryMarket research analysts at Technavio predict that the global nanofiber materials market for biomedical industry will grow steadily at a CAGR of over 23% by 2021. This market research analysis identifies the need for implants with enhanced functional life and biodegradability as one of the primary growth factors for this market. The traditional implant materials have short functional life, with failures arising from implant loosening, inflammation, infection, and wear debris. This resulted in the need for the development of new cytocompatible bone substitutes with substantially enhanced functional life to regenerate bone tissues. Titanium and its alloys are widely used in orthopedic and dental implant materials due to their compatible mechanical properties and biocompatibility.

One of the latest trends that will gain traction in the nanofiber materials market for the biomedical industry in the coming years is the growth of the medical filters market. The growth and demand for high-purity medical filters market is mainly due to the advancement in the healthcare industry, biotechnology, and advanced medical devices. There is an increase in the demand for nanofiber filters and membranes as it offers filtration solutions to several rising incidences including kidney failure, diabetes, sterilization, blood filtration, and other filtration techniques for recovering proteins and enzymes.

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Competitive landscape and key vendors
The nanofiber materials market for the biomedical industry is highly-competitive due to the presence of several vendors. It is crucial for the vendors to develop innovative products to acquire large market shares and to effectively provide advanced health and clinical solutions to end-users. Furthermore, technological breakthroughs will help vendors gain an advantage over their competitors and increase the sales volume, which in turn, will benefit consumers with better options at competitive prices.

The leading vendors in the market are -
Ahlstrom
Asahi Kasei
Donaldson
Nanofiber Solutions
SNS Nanofiber Technology
TEIJIN
Toray

The other prominent vendors in the market include 3-D Matrix Medical Technology, AMSilk, Argonide, Collagen Matrix, eSpin Technologies, FibeRio Technology, Hollingsworth & Vose, NANOVIA, and NXTGEN NANOFIBER.

Segmentation by product type and analysis of the nanofiber materials market for the biomedical industry
Synthetic polymers
Natural polymers
Ceramic and inorganic
Carbon and graphene
Metallic

During 2016, the synthetic polymers segment accounted for the major shares of the nanofiber materials market for the biomedical industry. The utilization of synthetic polymers in wound dressing and healing applications will contribute to the growth of this market segment in the coming years.

Geographical segmentation and analysis of the nanofiber materials market for the biomedical industry
Americas
APAC
Europe
ROW

Companies in the Americas are using nanofibers for diverse biomedical applications and are increasing R&D expenditures to introduce specialized and advanced products. This market research study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the nanofiber materials market for the biomedical industry by the end of the forecast period.

Key questions answered in the report include
What will the market size and the growth rate be in 2021?
What are the key factors driving the global nanofiber materials market for the biomedical industry?
What are the key market trends impacting the growth of the global nanofiber materials market for the biomedical industry?
What are the challenges to market growth?
Who are the key vendors in the global nanofiber materials market for the biomedical industry?
What are the market opportunities and threats faced by the vendors in the global nanofiber materials market for the biomedical industry?

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