DUBLIN, May 27, 2015 /PRNewswire/ -- Research and Markets(http://www.researchandmarkets.com/research/324sfl/global_biomedical) has announced the addition of the "Global Biomedical Metal Market 2015-2019" report to their offering.
The Global Biomedical Metal market to grow at a CAGR of 7.27% over the period 2014-2019
Biomedical metals are being used for a number of applications in the Medical sector. The metals commonly used are stainless steel, titanium-based alloys, cobalt-based alloys, nitinol, magnesium and related metals. Stainless steel is the most widely used metal because of its biocompatibility and cost-effectiveness. Biomedical metal find a wide range of applications in implants, surgical instruments, dental, trauma fixations, and other biomedical applications.
The Global Biomedical Metal market can be segmented on the basis of type of biomedical metal: Stainless steel, Titanium-based Alloy, Cobalt-based Alloy, Magnesium, and Others, where stainless steel is the most widely used biomedical metal as it is biocompatible and cost-effective. It can also be segmented on the basis of application: Implants, Surgical Instruments, Dental, Trauma Fixation, and Others.
New developments in titanium-based alloys are one of the major trends being witnessed in the market. These alloys are being developed as an alternative to orthopedic implants and can be fixed through bone tissue ingrowths.
According to the report, higher demand for orthopedic implants is primarily contributing to market growth. Stainless steel, cobalt-based alloys, and titanium-based alloys are being widely used, as they are biocompatible and resistant to corrosion.
Further, the report states that the threat of metal implants being rejected by the surrounding tissue is a serious drawback that is restricting market growth. The interaction between the implant and the physiological environment in which it has been placed may, at times, lead to the implant being rejected by the surrounding tissue.
- Biomet Inc.
- Dentsply International
- Wright Medical Group
Other Prominent Vendors
- Berkeley Advanced Biomaterials
- Cam Bioceramics
- Carpenter Technology
- DePuy Orthopaedics
- DSM Biomedical
- Evonik Industries
- Heraeus Medical Components
- Johnson Matthey
For more information visit http://www.researchandmarkets.com/research/324sfl/global_biomedical
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SOURCE Research and Markets