The global market for implantable biomaterials is expected to reach $109.5 billion in 2019
Wellesley, Mass. (PRWEB) February 18, 2015
Wellesley, Mass., February 18, 2015 – BCC Research (http://www.bccresearch.com) reveals in its new report on implantable biomaterials that the global market for implantable biomaterials was estimated at nearly $75.1 billion in 2013 and $79.1 billion in 2014. By 2019, it is predicted that the global market will have increased in value to $109.5 billion, with a healthy compound annual growth rate (CAGR) of 6.7%.
Biomaterials used for medical applications have made a significant contribution to improving the outcomes of patients suffering from the issues associated with long-term chronic conditions as well as helping to resolve the problems of traumatic injury. It is anticipated that the use of medical biomaterials will continue to expand rapidly through the emergence of new and innovative technologies as well as the identification of new applications for products based on biomaterial technologies.
The emergence of the rapidly growing markets in the Asia-Pacific and Latin American regions will help offset the restraints and austerity measures that have been imposed on the mature markets of North America and Europe.
“Although the major multinational suppliers dominate each of the individual market segments analyzed, it is evident that there is a large and significant number of new companies emerging in the mature as well as developing geographic regions. These new companies are developing new markets and eroding market shares of the leading suppliers," says BCC Research analyst Paul Taylor.
Global Markets for Implantable Biomaterials provides an analysis of the market value, growth rates, market shares and market development, as well as examine the market dynamics and market factors influencing the growth and development of the biomaterials market.
Editors and reporters who wish to speak with the analyst should contact Steven Cumming at steven.cumming(at)bccresearch(dot)com.
About BCC Research
BCC Research publishes market research reports that make organizations worldwide more profitable with intelligence that drives smart business decisions. These reports cover today's major industrial and technology sectors, including emerging markets. For more than 40 years we've helped customers identify new market opportunities with accurate and reliable data and insight, including market sizing, forecasting, industry overviews, and identification of significant trends and key market participants. We partner with analysts who are experts in specific areas of industry and technology, providing unbiased measurements and assessments of global markets. Recently selected as the world’s greatest market research company, BCC Research is a unit of Eli Global, LLC. Visit our website at http://www.bccresearch.com. Contact us: (+1) 781-489-7301 (U.S. Eastern Time), or email information(at)bccresearch(dot)com.