Latin America Biomaterials Market was worth USD 7286 Million in 2018 and estimated to be growing at a CAGR of 12.30%, to reach USD 13012 Million by 2023. Advancements in medical technology have taken a hefty toll on plastic materials that are used in medical applications, which re being predominantly effected by concerns of biocompatibility, in addition to demand for superior implant mechanical performance.
With the increase in Latin America aging population, the demand for usage of biomaterials in cardiology, neurology, wound healing, and plastic surgery is also on a rise. Further, the tremendous research on advancements in medical technology for the efficient functionality of medical implants, new technologies such as hydrogen scaffolding and decellularized dermal matrixes for grafting, increase in government grants, investment and funding are some of the factors driving the growth for Latin America biomaterials market.
However, adverse reaction to biomaterial implants, inflammation and fracture issues and high cost associated with manufacturing are the major factors effecting the growth of Latin America biomaterials market.
Based on the types of material, the Latin America biomaterials market is categorized into ceramic, metallic, polymers, and natural biomaterials. Due to the increased applications of polymers in healthcare and their distinct material properties such as flexibility, bio-inertness, longevity, biocompatibility and durability, the polymers segment will have the highest growth rate in the coming years. With persistent demand from geriatrics and rising incidence of ophthalmic disorders, the mainstream usage of polymers for ophthalmological purposes will surge in the next few years.
Further, based on application, the market is segmented into orthopaedic, dental, cardiovascular, plastic surgery, ophthalmology, tissue engineering, neurological /central nervous systems, wound healing, and other applications which include drug delivery systems, bariatric surgery, gastrointestinal and urinary applications. Moreover, on the basis of geography, the Latin America Market is analysed under various regions namely, Argentina, Brazil, Mexico and Rest of Latin America.
Some of the key players in the Latin America biomaterials market include Royal DSM, Zimmer Biomet Holdings, Inc., Evonik Industries AG, Wright Medical Technology, Inc., Corbion N.V., Berkeley Advanced Biomaterials, Bayer AG, Carpenter Technology Corporation, Covalon Technologies Ltd., BASF SE, Invibio Ltd., Inc., CAM Bioceramics BV, and Collagen Matrix, Inc.
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Analysis Design
2.3 Research Phases
2.3.1 Secondary Research
2.3.2 Primary Research
2.3.3 Econometric Modelling
2.3.4 Expert Validation
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Material type
5.1.1 Ceramic
5.1.2 Metallic
5.1.3 Polymer
5.1.4 Natural
5.2 By Application
5.2.1 Orthopaedic
5.2.2 Dental
5.2.3 Cardiovascular
5.2.4 Plastic surgery
5.2.5 Wound healing
5.2.6 Ophthalmology
5.2.7 Tissue engineering
5.2.8 Neurological
5.2.9 Others
6. Geographical Analysis
6.1 Introduction
6.2 Brazil
6.3 Argentina
6.4 Mexico
6.5 Rest of Latin America
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Collagen Matrix, Inc
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 Zimmer Biomet Holdings, Inc
8.3 Evonik Industries AG
8.4 Wright Medical Technology, Inc.,
8.5 Corbion N.V
8.6 Berkeley Advanced Biomaterials
8.7 Bayer AG
8.8 Carpenter Technology Corporation
8.9 Covalon Technologies Ltd.
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
