Lewes, DE -- (SBWire) -- 10/30/2017 --Report forecast the global biomaterial testing equipment market to grow at a CAGR of 3.82% during the period 2017-2021.
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.
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:
- APAC
- Europe
- North America
- ROW
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.
Global Biomaterial Testing Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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.
Market driver
- Growth in healthcare sector
- For a full, detailed list, view our report
Market challenge
- High costs associated with R&D of new biomaterial products
- For a full, detailed list, view our report
Market trend
- Advances in biomaterial technology
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
Spanning over 72 pages "Global Biomaterial Testing Equipment Market 2017 - 2021" report covers Executive summary, Introduction, Scope of the report, Research Methodology, Market landscape, Market segmentation by application, Geographical segmentation, Decision framework, Drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.
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