NEW YORK, Nov. 16, 2016 /PRNewswire/ -- Biomaterials are mixture of materials, synthetic or naturally derived, used in medical purposes such as replacement of tissue and organ transplantation. The great part of biomaterials used in humans are the synthetic polymer, as it reduces the threat of disease transmission. Biomaterial reduces debris generation and its biocompatible chemical composition, avoids adverse tissue reaction. Biomaterials assist in replacing damaged tissue and improving body functions.
Supply – Demand Scenario:
The Global market for Biomaterials was USD 54.60 billion in 2014 and is estimated to reach USD 115 billion by the end of 2020 at a CAGR of 13.3% during the forecast period.
Growth by Region:
North America dominates the global market of biomaterials due to high adoption rate of medical implants, increasing prevalence of aging population followed by Europe. Biomaterials market is established to witness the highest growth rate in the Asia-Pacific region. Emerging countries such as India and China are supplying for a greater financials in Asia-Pacific biomaterials market because of rising patient awareness coupled with rising healthcare expenditure.
Drivers vs. Constraints:
Major factors driving the growth for global biomaterials market are increasing government grants, increasing usage of polymer in biomaterials and investment and funding. In addition, due to the growing number of geriatric patients, wound healing, neurology and plastic surgery,the demand for usage of biomaterials in cardiology is also increasing. Adverse reaction to biomaterials, inflammation and fracture issues , strict regulatory requirements,are some of the factors restraining the growth for global biomaterials market.
Industry Structure and Updates:
Celsense, Inc. has announced its launch of the first off-the-shelf software for Combining scanner images. The software, dubbed Voxel Tracker, was designed to optimize the use of Celsense imaging reagents but will be made available to any researcher wanting to benefit from the ability to merge scanner images.
Dentsply International Inc. agreed to acquire Sirona Dental Systems Inc. for $5.6 billion in stock, creating a giant in dental supplies and equipment.The combined company, to be called Dentsply Sirona, will have a wider array of products for dental offices, from fluoride rinses to dental chairs.
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