Boston, MA -- (SBWIRE) -- 05/21/2013 -- Biomaterials Market [By Products (Polymers, Metals, Ceramics, Natural Biomaterials) & Applications (Cardiovascular, Orthopedic, Dental, Plastic Surgery, Wound Healing, Tissue Engineering, Ophthalmology, Neurology Disorders)] - Global Forecasts to 2017

A biomaterial is a natural or synthetic material suited to replace or treat natural body tissues and organs on interaction with biological systems. It traces its history to more than 2000 years ago, when Romans, Chinese, and Aztecs used gold for dental applications. Biomaterials, which are also biocompatible, have since been adapted, improvised, and technically enabled to improve body functions and replace damaged tissues. They have evolved to include biodegradable materials that are easily dissolved in the body. Advances in technology and the emergence of innovative biomaterial products have enhanced their performance and applications.

View Full Report Details and Table of Contents

The global biomaterial market is estimated to reach $88.4 billion by 2017 from $44.0 billion in 2012, growing at a CAGR of 15%. Increased investments, funding and grants by government bodies worldwide, incessant rise in the number of collaborations, conferences and research-related activities, technological advancements, increasing applications of biomaterials, and growing number of elderly people are the major factors propelling the growth of the biomaterial market globally. Immunological and inflammatory reactions, stringent regulatory systems, issue of fracture fatigue and wear and reimbursement concerns are the major deterrents curbing the biomaterial market.

The global biomaterial market witnesses a plethora of growth opportunities. Novel developments of biomaterial for wound healing, plastic surgery, tissue engineering, ophthalmology, and neurology, colossal pool of cardiac patients in Asia, rise of biomaterial market in China and Taiwan, and increased conferences and research-related activities in RoW countries are major factors influencing the growth of the biomaterial market. The burning issues affecting the growth of biomaterial market are challenges to tissue engineering and effect on suppliers by the Biomaterials Access Assurance Act.

The global biomaterial market is dominated by North America, followed by Europe, Asia, and Rest of the World (RoW). North America will continue to lead the biomaterial market in the years to come, followed by Europe. North American market growth is likely to be driven by increasing government investments in biomaterial sector, reimbursements offered by Centers for Medicare and Medicaid Services (CMS) and rising aging population who are the main consumers of biomaterials. The North American biomaterial market is expected to receive a significant push due to phenomenal increase in new products such as botox, botulinum toxins, and hyaluronic-based injectables.

Scope of the Report

About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Biotechnology research reports at Fast Market Research

You may also be interested in these related reports:

- Global Biomaterial Market (2010 - 2015)
- Brazil Biomaterial Market (2010 - 2015)
- Global Natural Colors and Flavors Market by Types, Applications and Geography: Forecasts up to 2017
- Global Electro-active Polymers Market Trends, Applications & Forecasts (2012 - 2017)
- Global Engineering Plastics Market Analysis By Product Types, Applications & Geography - Trends & Forecasts (2012 - 2017)
- Surfactants Market By Product Types [Anionic, Non-Ionic, Cationic, Amphoteric], Substrates [Synthetic/Petrochemical, Bio-Based/ Natural/Green], Geography & Applications - Global Industry Trends And Forecasts To 2017
- Agricultural Films Market By Applications [Greenhouse, Silage, Mulch] & Polymers [Low Density Polyethylene, Linear Low Density Polyethylene, High Density Polyethylene, EVA/EBA, Reclaim] Global Trends & Forecasts to 2017
- Global Silicone Market by Type, Application & Geography - Forecasts up to 2017
- Dental Implants and Biomaterials - Global Pipeline Analysis, Opportunity Assessment and Market Forecasts to 2016
- Industrial Robotics Market - Global Forecast & Analysis By Applications, Functions, Product & Geography (2012 - 2017)