A biomaterial is any substance, natural or synthetic, that is similar to whole or part of a living system or a biomedical device that treats or replaces any organ, tissue or function of the body, especially, a material appropriate for use as prosthesis. Brazil is considered as one of the most promising economies of the world due to the growing number of middle - income consumers. Many market players of medical tourism consider Brazilian market as an attractive destination due to increasing consumer demand, quality services, stable input cost price and excellent medical facilities. This is likely to attract entry of new medical firms. Moreover, the number of hospital facilities and care units will also increase in due time.
The Brazil market is estimated to have a healthy growth rate. Moreover, rising prevalence of lifestyle diseases and chronic diseases such as cardiovascular diseases, aging population and life expectancy are some of the major factors boosting the market size of biomaterials in Brazil. The biomaterial market by product type includes Plastic surgery, Orthopedic, Wound care, Cardiovascular, Urological and Gastrointestinal products.
The Biomaterial market is segmented on the basis of material type as Polymers, Composites, Metals and Ceramic materials. These materials are used in various products such as cardiac stents, catheters, and others. Metals account for a major share of the biomaterial market owing to the natural property of biocompatibility, low wear and tear rate etc. These properties make metals more suitable for use in treatments and are likely to increase its demand in biomaterials.
The Biomaterial application market is segmented as surgical appliances and supplies, general surgery, electro medical equipment, surgical and medical instruments, dental products and other applications. Biomaterials have wide variety of applications such as in contact lenses, skin repair, blood vessel prosthesis, gene transfer, drug delivery and dental implants. Thus, increasing application of biomaterials is driving the supply side of the market and is attracting more firms to invest in research and development so as to produce new materials and capture a major portion of the emerging market, thus expanding the market size.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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