The North America biomaterials market is poised to reach $33643 Million by 2019 from an estimated $65730 Million in 2024, growing at a CAGR of 14.33%, acting as a top-performing region in the global biomaterials market. In a short span of time, many patients throughout the world have the quality of their lives improved with the aid of some kind of implanted device. The materials from which these devices are built include metals, ceramics, polymers, and an array of composites. As we reach the end of the 20th century, the success of using these materials is increasing, both because of improved surgical skills, an improved understanding of how the body interacts with such devices.
Rise in the research and development institutes to develop innovative procedures in the medical sector is lavishing the demand of the market extensively. Biomaterials place major role in repairing or replacing a tissue function of the body which is also an attribute fueling the growth of the market. In addition, the growing prevalence of the novel biomaterials and its developments is making the shares of the market to expand in North America. Increasing beauty conscious and growing preference for plastic surgery is leveraging the growth of the market.
However, the lack of knowledge over the best usage of the materials is slowly degrading the growth of the market. The equipment in the laboratories require huge amounts for installation and maintenance and this is remained as challenging attribute for the North America Biomaterials market developers. Stringent rules and regulations by the government in concern towards patient health condition is limiting the growth of the market.
Growing demand for effective treatment or diagnostic procedures in the medical sector is major factor anticipated to surge growth opportunities for the market. Increasing incidences of chronic diseases and other infectious diseases are creating chances of the market. A rise in the funds from the private and public organizations is greatly influencing the demand of the market. Also, increasing focus on introducing innovative products with the latest technology and also to ensure better treatment procedures is ascribed to bolster the demand of the market.
This research report segmented and sub-segmented the North America biomaterials market into the following categories:
By Material Type: Ceramic, Metallic, Polymer, and Natural
Polymers will have the fastest growth rate in the coming years owing to its increased applications in healthcare and distinct material properties such as bio- inertness, flexibility, longevity, biocompatibility, and durability. With the rising incidence of ophthalmic disorders, the mainstream usage of polymers for ophthalmological purposes will surge in the next few years.
By Application: Orthopaedic, Dental, Cardiovascular, Plastic surgery, Wound healing, Ophthalmology, Tissue engineering, Neurological and Others
Regionally, the North America biomaterials market is segmented into the U.S, Canada, and Mexico.
The U.S - This country is holding the highest shares of the market from the past decade and also to continue the same growth in the forecast period. A rise in capital income is one of the factors propelling the demand of the market. The increasing number of patients with cardiovascular problems is also likely to outshine the growth of the biomaterials market in the U.S.
Canada- This is positioned second in the leading dominant shares with the rise in the scale of pharmaceutical companies. Growing investments by the government on the construction of hospitals are leveraging the growth of the market. Also, increasing demand to level up the quality of the medical products is accelerating the demand of the market.
Mexico- Increasing utilization of biomaterials in the orthopedics medical sector which is very supportive in repairing bone fractures is escalating the growth of the market. A growing number of healthcare centers with the latest equipment are spurring the demand of this biomaterial market.
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
2.2 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
3.1 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
5.2 By Application
5.2.4 Plastic surgery
5.2.5 Wound healing
5.2.7 Tissue engineering
6. Geographical Analysis
6.2 United States
7.1 PESTLE analysis
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
8.1.2 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.
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.1 Market Outlook
10.2 Investment Opportunities
a) List of Tables
b) List of Figures