Global Biocompatible Materials Market: Introduction
Biocompatible materials are those materials that elicit no unfavorable reaction from tissues. Biocompatible materials are nonviable materials used in medical devices that interact with biological systems. These materials are made from metals, synthetic polymers, natural polymers and ceramics. Biocompatible materials are widely used for various applications. Its areas of application include contact lenses, heart valves, intraocular lenses, vascular grafts, artificial joints, etc. The basic materials used for the manufacturing of biocompatible materials are silicone, PMMA (acrylic), Teflon & Dacron, stainless steel, titanium & its alloys and polyurethane, among others. Some of the features of biocompatible materials are absence of carcinogenicity, toxicity, teratogenicity and immunogenicity along with high corrosion resistance.
Biocompatible materials are also used in several implants, such as joints, sutures, bone plates and dental implants. These materials either replace or restore the injured or destroyed tissues or organs. Biocompatible materials used for implants should have long-term biocompatibility with the host without being rejected and must not elicit any undesirable effects in the host. Biocompatible materials are used for various applications in the medical field, such as in surgical & medical instruments, surgical appliance and supplies, dental products & materials, drug delivery, etc. Biocompatible materials help improve the quality of life and save millions of lives.
Global Biocompatible Materials Market: Market Dynamics
With the growth in the field of biomedical technologies, biocompatible materials market is expected to gain significant traction over the forecast period. Further, increasing demand from pharmaceutical excipients, drug delivery systems, cosmetic implants, tissue engineering and wound dressing supported by increasing socio-economical trend, i.e. rise of an affluent middle class in the emerging markets, is expected to propel the growth of biocompatible materials market. Among product type, synthetic polymers are expected to be the dominating segment. However, natural polymers are expected to outpace synthetic polymers due to widening applications in drug delivery systems and cosmetic applications. Further, among metallic biocompatible materials, titanium is considered the most biocompatible material owing to its high resistance towards body fluid effects, high strength and low density. Titanium is widely used for manufacturing of surgical instruments and implants, primarily due to its biocompatibility and the natural tendency of bones to adhere to titanium, thereby eliminating the need for additional coatings.
Medical devices and instruments are in a constant state of evolution and are in sync with the ongoing trends in the medical field. Further, the advancements in technology are driving investments for the development of new materials. Key players are focusing on the development of high quality & high performance cost effective solutions for a wide range of applications. However, biocompatible materials have to follow high standards of biocompatibility to ensure their safe use and must be tested according to various regulatory and industry standards, which might hinder the growth of biocompatible materials market.
Global Biocompatible Materials Market: Regional Outlook
North America and Europe are expected to dominate the global biocompatible materials market throughout the forecast period. The demand in the region is primarily driven by increasing penetration of biocompatible materials in various applications, such as in cosmetic surgery and wound management, as well as advancements in biotechnology. Further, rising medical expenditure in the region and increasing awareness regarding health and fitness is expected to boost the biocompatible materials market. Increasing investment in the medical sectors in countries such as India, China and Indonesia in the Asia Pacific coupled with rising disposable income of middle class is expected to boost the biocompatible materials market with a significant pace over the forecast period. The Middle East and Africa biocompatible materials market is expected to grow at a steady pace over the forecast period.
Global Biocompatible Materials Market: Key players
Some of the market participants identified across the value chain of the Global Biocompatible Materials Market are:
- Stratasys Ltd.
- Ensinger GmbH
- AdvanSource Biomaterials Corporation
- Sanofi S.A.
- Ashland Inc.
- Baxter International Inc.
- ASM International
- Biomaterial USA LLC.
- Augma Biomaterials USA Inc
- botiss biomaterials GmbH
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Global Biocompatible Materials Market: Segmentation
The global biocompatible materials market, on the basis of material type, can be segmented as:
- Synthetic Polymers
- Natural Polymers
The global biocompatible materials market, on the basis of solution, can be segmented as:
- Surgical and Medical Instruments
- Surgical Appliances and Supplies
- Dental Products and Materials
- Drug Delivery
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
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