February 18, 2015
Wellesley, Mass., February 18, 2015 –BCC Research (www.bccresearch.com) reveals in its new report on implantable biomaterials, 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 firstname.lastname@example.org.
Global Markets for Implantable Biomaterials( AVM118A )
Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. For media inquiries, email email@example.com or visit www.bccresearch.com/media to request access to our library of market research.