TechNavio recognizes the following companies as the key players in the Global Biomaterials Market: Evonik Industries, BASF, Bayer, Biomet Inc. , Exactech Inc., and Wright Medical Group Inc.
Commenting on the report, an analyst from TechNavio’s team said: “There has been steady innovation in the Global Biomaterials market with several players increasing R&D expenditure every year. For instance, the use of carbon fiber in conjunction with biomaterials for the manufacture of composite materials is being explored. While innovation is imperative in an industry such as this where competition is rampant, the need for novel solutions to cater to patient needs in the Medical industry is also expected to lead to innovation in the market. Biomaterials were traditionally used for repair and replacement of body tissues. However, there has been an increasing focus on the provision of biomaterials for self-healing in patients. Thus, the Global Biomaterials market is expected to witness innovation.”
According to the report, one of the main drivers is the increase in the aging population. The number of people aged 60 or over is expected to double in the next 50 years, thereby resulting in increased demand for healthcare services because of increasing physical disabilities.
Further, the report states that one of the main challenges in the Global Biomaterials market is the stringent regulations in some countries such as the US regarding the production of biomaterials. As a result of various certification norms, vendors are facing a challenge in terms of the time to market of their product.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-biomaterials-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report -Global Biomaterials Market 2012-2016
