Press release
Biomaterials Market 2018 –Major Vendors are Royal DSM (Netherlands), BASF SE (Germany), Corbion N.V. (Netherlands) and more.
Market Research Future
Asia Pacific is the fastest growing region owing to the increasing obesity, introduction of biomaterials in cancer research, and rising patient awareness and improved lifestyle in growing economies such as India, China, and Brazil are expected to create opportunities in the biomaterials market. Additionally, the region has the highest potential to grow in the forecast period due to the presence of emerging economies such as China and India.
The Middle East & Africa holds the least share of the market owing to less availability of funds, limited medical facilities, and deprived political conditions in Africa.
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Segmentation:
The global biomaterials market is segmented on the basis of type and application. On the basis of the type, the market is segmented into metallic, ceramics, polymeric, natural biomaterials, and others. The metallic segment is divided into stainless steel, titanium & titanium alloys, cobalt-chrome alloys, silver, gold, and magnesium. The ceramics segment is divided into calcium phosphate, aluminum oxide, zirconia, calcium sulfate, carbon, and glass. The polymeric segment is further divided into polymethylmethacrylate (PMMA), polyethylene, polyester, polyvinyl chloride, silicone rubber, nylon, polyetheretherketone (PEEK), polylactic acid, poly glycolic acid, and poly (lactide-coglycolide), and others. The natural biomaterials is further segmented into hyaluronic acid, collagen, gelatin, fibrin, cellulose, chitin, alginate, and silk.
On the basis of the application, the market is classified into cardiovascular, orthopedic, ophthalmology, dental, plastic surgery, wound healing, tissue engineering, neurological disorders, and others.
The cardiovascular segment is divided into catheters, stents, implantable cardiac defibrillators, pacemakers, sensors, heart valves, vascular grafts, guidewires, and others.
The orthopedic is divided into joint replacement, viscosupplementation, bioresorbable tissue fixation, spine, fracture fixation devices, and orthobiologics. The joint replacement is further divided into knee replacement, hip replacement, shoulder replacement, and others. The bioresorbable tissue fixation is divided into suture anchors, interference screws, meniscal repair tacks, and meshes. The spine segment is divided into spinal fusion, minimally invasive fusion surgery, and motion preservation. The fracture fixation devices are divided into bone plates, screws, pins, rods, and wires.
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Regional Analysis:
The global biomaterials market consists of countries namely the Americas, Europe, Asia Pacific, and the Middle East.
The Americas dominate the global biomaterials market owing to the increasing healthcare expenditure followed by Europe and Asia Pacific. According to the American Heart Association, the death due to cardiovascular diseases accounted for more than 800,000 in the U.S. Approximately 2,200 Americans die of cardiovascular disease each day. This increase in death ratio in North America is expected to drive the demand for biomaterials based cardiovascular systems. Europe holds the second position in the global biomaterials market owing to the government support for research & development and availability of funds for research.
Asia Pacific is the fastest growing region owing to the increasing obesity, introduction of biomaterials in cancer research, and rising patient awareness and improved lifestyle in growing economies such as India, China, and Brazil are expected to create opportunities in the biomaterials market. Additionally, the region has the highest potential to grow in the forecast period due to the presence of emerging economies such as China and India.
The Middle East & Africa holds the least share of the market owing to less availability of funds, limited medical facilities, and deprived political conditions in Africa.
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