Global Biomaterial Testing Equipment Market 2017-2021
About Biomaterial Testing Equipment
Biomaterials can be used to manufacture devices, which can be implanted in a human body to replace or repair damaged parts. These materials find a wide range of applications in healthcare technologies such as bone grafting, regenerative dentistry, tissue scaffolds, cosmetic surgery, wound care, and implantable devices. The equipment used to test these materials is known as biomaterial testing equipment.
Technavio’s analysts forecast the global biomaterial testing equipment market to grow at a CAGR of 3.82% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global biomaterial testing equipment market for 2017-2021. To calculate the market size, the report considers the demand for biomaterial testing equipment.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Biomaterial Testing Equipment Market 2017-2021
Technavio recognizes the following companies as the key players in the global biomaterial testing equipment market: Tool Works, MTS Systems, Shimadzu, and Zwick Roell
Other Prominent Vendors in the market are: ADMET, AMETEK, Applied Test Systems, CellScale, Intertek Group, and Rheolution.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Advances in biomaterial technology. There are many advances in the technology used in the field of biomedical devices. 3D printing plays a major role in the manufacturing of dental and medical devices; this 3D printing technology is cost-effective, efficient, and can be customized as per the need for medical devices such as knee and hip implants, dental implants, hearing aids, and surgical instruments.”
According to the report, one of the major drivers for this market is Growth in healthcare sector. The growing healthcare sector globally is expected to spur the demand for medical devices that are used to treat various issues like cardiovascular and neurological ailments, wound healing, bone cancer, and tissue damage. The rising demand for these medical devices is expected to drive the growth of the biomaterial testing equipment market.
Further, the report states that one of the major factors hindering the growth of this market is High costs associated with R&D of new biomaterial products. The cost incurred on the R&D of new biomaterial products for orthopedic, cardiovascular, ophthalmology, and dental applications is very expensive, particularly if the product is innovative, complex, or unique. High investments in R&D have eventually led to the premium pricing of such products.
Tool Works, MTS Systems, Shimadzu, and Zwick Roell, ADMET, AMETEK, Applied Test Systems, CellScale, Intertek Group, and Rheolution.
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