The report forecasts the global bioactive materials market to grow at a CAGR of 13.42% during the period 2016-2020.
The increasing influence of urban lifestyle is one of the trends spurring growth for the market. Since 2000, there has been a sharp increase in the number of people migrating to urban areas and the number has crossed one billion. The majority of the global population was living in urban areas by 2008. The paradigm shift from rural to urban dwellings has negatively affected the equity of health.
Globally, more than 80% of the population reside in urban areas, and 90% of the total population in 28 countries live in urban areas. Health issues requiring intricate medical attention is also on the rise. All these factors are cumulatively contributing to health deterioration and subsequent organ failure. Although lifestyle has a negative effect on human health, it is expected to aid the bioactive materials market in the medical sector during the forecast period.
According to the report, rise in incidence of organ failure is a key driver aiding to the growth of this market. Unhealthy lifestyles have led to a high number of organ failure cases in almost all age groups and are pushing the demand for vascular grafts, coronary stents, hemodialysis catheters, and ventricular assist devices. In the US, there are over 120,000 people in waiting for an organ transplant. Only a small segment of the global population has been able to get an organ transplant in time.
Further, the report states that a stringent regulatory environment is a major challenge the market is facing.
- DePuy Synthes
- Zimmer Biomet
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by type
PART 07: Market segmentation by end-user
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/dtr3lx/global_bioactive
Research and Markets
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-bioactive-materials-market-to-grow-1342-by-2020---rise-in-incidence-of-organ-failure-is-a-key-growth-driver---research-and-markets-300349855.html
SOURCE Research and Markets