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Surge in R&D Investments to Drive the Global Biocompatible Materials Market, According to New Report by Global Industry Analysts, Inc.
Date:7/23/2014

San Jose, California (PRWEB) July 23, 2014

Follow us on LinkedIn – Biocompatible materials are biodegradable substances exclusively developed and manufactured for use in synthetic solutions designed to repair or replace diseased body tissues. These materials are biosafe with significantly lower risk of tissue rejection by the host. Global market for biocompatible materials is expected to witness healthy growth driven by factors such as technological advancements and growing base of aging population and the ensuing increased need for interventional surgeries for tissue and organ replacement. In addition, increased investments in research and development is expected to boost development of sophisticated biomaterials. Technology improvements in material fabrication and development of new products at competitive prices will continue to shape market growth in the coming years.

Drawing from multiple, diverse disciplines, such as biology, chemistry, physics, and engineering, biocompatible materials represent a challenging area of biomaterial research. There exists large-scale research interest in the development of new materials to address current and future needs in healthcare delivery. By material type, polymeric materials dominate the global market. Natural materials represent the fastest growing material type. Rapid advancements in tissue processing technologies have provided considerable thrust to the use of natural substances in the treatment of several chronic ailments.

Over the last few decades, research in the area of biomaterials was focused on bioinert materials aimed at replacing damaged tissues. Current research focus is gradually shifting towards the development of bioactive materials that help stimulate tissue repair. The market is poised to benefit from the emergence of fourth generation biomimetic biomaterials. These materials are designed with specific structure and function to mimic the extracellular matrix (ECM) of natural tissue. In the coming years, active coatings market is expected to grow led by the sustained demand for coating technologies capable of improving hemocompatibility of medical devices.

As stated by the new market research report on Biocompatible Materials, the United States represents the largest market worldwide. Asia-Pacific ranks as the fastest growing market with a CAGR of 18.8% over the analysis period.

Major players covered in the report include AdvanSource Biomaterials Corporation, BASF Corporation, Biomet, BioMimetic Therapeutics, Celanese Corporation, Nobel Biomaterials, and Stryker Corporation among others.

The research report titled “Biocompatible Materials: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers, issues, and strategic industry activities of companies worldwide. The report provides market estimates and projections in US dollars for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific, and Rest of World. The global and regional markets are analyzed by product segments Polymeric Materials, Metallic Materials, Natural Materials, and Others.

For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Biocompatible_Materials_Market_Report.asp.

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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