Global Market for Biomaterials to Grow by 14% Through to 2017 to Reach $84 Billion

April 19, 2011 - PRLog -- Opting for the right material to use in a medical device is no longer a complex procedure, barring the fact that such medical devices fabricated using these materials are biocompatible, which can be ensured by upping the ante for tests needed to be passed by designers and engineers, if they want regulatory approval for their devices. Advancements in medical technology have taken a heavy toll on plastic materials that are used in medical applications, which has been further exacerbated by developments in the fields of medical plastic, titanium/stainless steel metal replacement implant materials, being primarily driven by issues of biocompatibility, in addition to demand for enhanced implant mechanical performance.

Market for Biomaterial types analyzed in this study includes Polymer Biomaterials, Metal Biomaterials and Ceramic Biomaterials. The report also includes the market analysis for product categories of Biomaterials – Orthopedic, Cardiology, Plastic Surgery, Wound Care and Other. The report analyses the market in terms of USD Million. The global Biomaterials market for 2011 is estiamted at US$37.6 billion and is projected to increase at a CAGR of 14% (2007-2017) to reach US$83.9 billion by 2017.

The report reviews, analyses and projects the Biomaterials market for global and the regional markets including the United States, Europe, Asia-Pacific and Rest of World. The regional markets further analyzed for 8 independent countries across Europe – France, Germany, Italy Spain, the United Kingdom and Rest of Europe; Asia-Pacific – China, India, Japan and Rest of Asia-Pacific.

This 266 page global market report includes 76 charts (includes a data table and graphical representation for each chart), supported with meaningful and easy to understand graphical presentation, of the market. The statistical tables represent the data for the global market by geographic region, material type and biomaterial product categories. The brief business profiles of 74 key global players and 98 major players across the United States – 60; Europe – 27; Asia-Pacific – 6; and Rest of World – 5 are included in the report. The report also provides the listing of the companies engaged in research and development, raw material & equipment manufacturing, processing, supplies and distribution of Biomaterials. The global list covers the addresses, contact numbers and the website addresses of 371 companies.

For more details, please visit http://industry-experts.com/research-estore/biotechnology...

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