LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global biomaterial testing equipment market is expected to grow at a CAGR of almost 4% during the forecast period.
This research report titled ‘Global Biomaterial Testing Equipment Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
The growth in the healthcare sector is expected to drive the demand for biomaterials, thereby helping the growth of the biomaterial testing equipment market. Many countries such as India and the US are witnessing significant reforms in their healthcare sectors. Advanced countries such as Japan have a higher proportion of the aged population than the developing countries. China and India are the largest populous countries. The growth in population and increase in life expectancy in these countries will lead to a higher demand for medical facilities and healthcare, thereby resulting in significant investments in more advanced medical technology.
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Technavio’s heavy industry research analysts categorize the global biomaterial testing equipment market into the following segments by application. They are:
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The top three revenue-generating application segments of the global biomaterial testing equipment market are discussed below:
Cardiovascular problems exist among a large portion of the population around the world. Advances in technology and materials are aiding to introduce innovative techniques to address various issues related to cardiovascular treatment. The use of new techniques for treating such issues makes it more affordable and comfortable for patients.
According to Anju Ajay Kumar, a lead test and measurement research analyst from Technavio, “The biomedical devices are usually manufactured from polymers, which are available in a wide variety of compositions and can be easily designed according to the desired shape. The rise in the demand for cardiac medical devices is expected to propel the demand for biomaterials, thereby driving the demand for biomaterial testing equipment.”
The biomaterial used in orthopedic applications comprise materials that interact with human tissue or body fluids to improve or replace an anatomical element in the body. These biomaterial devices are called implants. The growing number of patients suffering from the bone disorders, hip, knee, or spine-related issues is expected to spur the demand for orthopedic implants, thereby driving the demand for biomaterials.
“Companies provide a wide range of mechanical testing equipment to test these orthopedic medical device/implants. For instance, Instron offers Endurance and Fatigue Testing of Artificial Hip Implant Prostheses, Knee Testing: Fatigue of Tibial Trays for hip and knee implants, mechanical testing of spinal implants, and devices for spinal devices and others,” adds Anju.
The growth in dentistry globally is expected to drive the demand for biomaterials, thereby driving the biomaterial testing equipment market in orthodontics and other branches of dentistry. Population aging and the growing awareness about oral health have led to the growth of dentistry across the globe. Artificial dental biomaterials have enabled people to improve their health and quality of life.
Currently, the biomaterials used in dentistry include polymers, ceramics, metals, and composites. These biomaterials help to restore the lost teeth or rectify periodontal problems. These biomaterials are biocompatible and bond permanently to the tooth structure. These also match the natural appearance of the teeth and exhibit properties similar to those of tooth enamel and other tissues and/or are capable of initiating tissue repair.
The top vendors highlighted by Technavio’s research analysts in this report are:
- Illinois Tool Works
- MTS Systems
- Zwick Roell
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