DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/lgk42f/biomaterials) has announced the addition of the "Biomaterials Market for Implantable Devices - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" report to their offering.
The global biomaterials market was valued at USD 25,277.8 million in 2012 and is expected to reach USD 33,600 million in 2019, growing at a CAGR of 4.1% during the forecast period 2013 to 2019
Biomaterials are used in medical implantable devices which directly interact with the biological systems. Heart valves, artificial hip joints, dental implants and intraocular lenses are some of the most widely adopted implants to treat critical medical conditions. The high success rates of medical implants have led to greater demand of biomaterials for manufacturing high quality devices. Rising prevalence of osteoarthritis, rheumatoid arthritis and sports injuries are driving the demand for orthopedic implants which in turn increases the demand for biomaterials. In addition, year-on-year rise in cardiac stents implants and non-vascular stents is also driving the market across the globe.
The biomaterials market comprises of material types such as metals, polymers, ceramics and materials derived from natural resources. Metals constituted the largest segment in the overall biomaterials market with a revenue share of more than 50% in the global biomaterials market. Major metals used in medical applications are alloys of titanium, nickel, chromium, nanosilver, stainless steel and aluminum. However, during the forecast period 2013 to 2019, polymers are expected to register fastest growth amongst all segments mainly because of increasing applications of these biomaterials and several advantages over metals which include flexibility, elasticity, bioinertness, biocompatibility, and longevity.
The usage of polymers such as polytetrafluoroethylene (PTFE) and polyurethanes has become popular for synthetic vascular grafts, while the mainstream usage of polymers in ophthalmology is expected to increase with rising incidences of ophthalmic disorders and constant demand from aging population.
Key Topics Covered:
- Executive Summary
- Global Biomaterials Market for Implantable Devices, Market Overview
- Global Biomaterials Market for Implantable Devices, by Material type
- Global Biomaterials Market for Implantable Devices, by Geography
- Company Profiles
- AdvanSource Biomaterials Corporation
- Biomet, Inc.
- Celanese Corporation
- Ceradyne, Inc.
- Collagen Matrix, Inc.
- Corbion Purac
- DuPont (E. I. DU PONT DE NEMOURS AND COMPANY)
- Evonik Industries AG
- Invibio, Inc.
- Orthofix Holdings, Inc.
- Royal DSM
- Ulbrich Stainless Steels & Special Metals, Inc.
For more information visit http://www.researchandmarkets.com/research/lgk42f/biomaterials