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US Biocompatible Materials Market

US demand to grow 5.4% annually through 2018


News provided by

ReportBuyer

Apr 14, 2015, 01:13 ET

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LONDON, April 14, 2015 /PRNewswire/ -- US demand for biocompatible materials is forecast to grow 5.4 percent annually to $5.5 billion in 2018, representing 2.0 billion pounds. Reflecting quality, performance, and cost advantages in a broad range of applications, synthetic polymers will remain the top-selling product group by far, accounting for 56 percent of 2018 revenues. Ceramic materials will generate the fastest growth in demand among all biocompatible materials as advances in nanotechnology lead to the introduction of new and improved compounds for orthopedic implants, spinal fixation devices, and dental repair and restoration products. Spurred by increasing applications in cosmetic surgery, wound management, and arthritis therapy, hyaluronic acid will post the fastest revenue gains among natural biocompatible polymers. Titanium and titanium alloys will fare the best in the marketplace among biocompatible metals as high strength, light weight, and shape memory advantages promote their expanding use in cardiac, orthopedic, and dental implants. Competition from alternative polymer materials will hold down demand for other biocompatible metals, including precious metals and stainless steel.

Engineered resins to pace synthetic polymers segment

Demand for synthetic biocompatible polymers will reach $3 billion in 2018, up 4.9 percent annually from 2013. Engineered resins -- especially silicone, sulfone, and polyketone materials -- will command the fastest revenue growth based on quality and safety advantages in high value-added catheters and implants. By contrast, demand for polyvinyl chloride, the most widely used biocompatible resin, will expand slowly due to recurring safety concerns and competition from improved grades of polypropylene and thermoplastic polyesters.

Natural biopolymer demand to exceed $1 billion in 2018

Widening use in drug delivery systems, cosmetic implants, tissue engineering products, wound management supplies, and orthopedic pain therapies will boost US demand for natural biocompatible polymers 5.5 percent per year to $1.1 billion in 2018. Cellulose polymers and starch derivatives will remain the topselling product groups based on well established performance results in drug formulations and delivery systems. Hyaluronic acid will generate the fastest revenue gains spurred by expanding applications in injectable arthritis treatments. Lastly, collagen will continue to fare well in the marketplace following upward trends in the volume of cosmetic surgical procedures.

Nanocomposites to see wider use in ceramics

Advances in alumina-zirconia nanocomposites will broaden the use of biocompatible ceramics in dental and orthopedic implants. Due to their high density structure, these nanocomposites incorporate greater resistance to cracking, a widespread problem usually seen in joint replacements composed of conventional ceramics. Biocompatible metals will retain applications in a number of dental and medical implants. Within this product group, titanium and titanium alloys will realize the fastest revenue growth based on high strength, low modulus, and strong body fluid resistance advantages in such products as joint replacement systems, dental implants, fusion cages, trauma fixation devices, and stents.

Study coverage

This upcoming industry study, Biocompatible Materials, presents historical demand data (2003, 2008 and 2013) plus forecasts for 2018 and 2023 by material and application. The study also assesses key market environment factors, examines industry structure, evaluates company market share and profiles 32 competitors in the US industry.
Download the full report: https://www.reportbuyer.com/product/2586826/

About Reportbuyer
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers
http://www.reportbuyer.com

For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: [email protected]  
Tel: +44 208 816 85 48
Website: www.reportbuyer.com

SOURCE ReportBuyer

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