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Biomaterials

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Submitted By arasona
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The industry of choice selected for this week analysis is: Biomaterials industry.
Biomaterials are used in the manufacturing of medical devices, thus making them biocompatible, accepted by the human tissue without interaction, in other words inert. Biomaterials are either synthetic in nature or natural origin.
Biomaterials applications cover a variety of diseases treatments such as: cardiovascular, dental, tissue damage, bone cancer, orthopedic surgeries.
Examples of safe, reliable and affordable biomaterials are: ceramics, metals, polymers and biomaterials derived from natural origin. Metals and polymers are the fastest growing segments due to the increase demand in implant procedures.
The biomaterials market is segmented based on the types of materials and their applications.
The major driving force behind this industry is the changes in technologies.
The biomaterials market invites innovators, however extensive research is necessary to introduce a superior product at competitive prices (thus not an easy entry).
Another influencing factor is the regulations that need to be streamlined which in turn can lead to the development of the new and improved products, new opportunities in the application areas and potentially boost the market size. The need for cooperation between the materials suppliers and the manufactures of medical implants is required in order to achieve major developments (paired economies of scale). Biomaterials products are expensive; an improvement in performance will justify the higher pricing and expend the market size.
The current economic downturn did impact negatively the implant manufacturing component, however the poor state of economy influencing the timing of surgeries is expected to wane gradually.
The global market for biomaterials is expected to reach$64billion in 2015 from $25 billions in 2008. The increase in aging population and life expectancy worldwide with a great need for implant and graft procedures is generating a healthy demand for biomaterials production (constant opportunities to create value). Furthermore 20% of the global population is expected to be over 60 years in 2050.
In conclusion the biomaterials industry can be considered a profitable market for the following reasons:
Threat of entry is relative low (highly specialized and costly).
High price sustained by need for innovation and merging technologies as applied in clinical settings.
Potential for expended margins of earnings with ever-increased demand in biomaterials and technological applications (aging population with respective medical needs).

Saurce: https://www.linkedin.com/today/post/article/20140626093633-221228539-biomaterials-market-report

Biomaterials Industry
Biomaterials are used in the manufacturing of medical devices, thus making them biocompatible, accepted by the human tissue without interaction, in other words inert. Biomaterials are either synthetic in nature or natural origin. Biomaterials applications cover a variety of diseases treatments such as: cardiovascular, dental, tissue damage, bone cancer, orthopedic surgeries. Examples of safe, reliable and affordable biomaterials are: ceramics, metals, polymers and biomaterials derived from natural origin. Metals and polymers are the fastest growing segments due to the increase demand in implant procedures. The biomaterials market is segmented based on the types of materials and their applications.The major driving force behind this industry is the changes in technologies.The biomaterials market invites innovators, however extensive research is necessary to introduce a superior product at competitive prices (thus not an easy entry). Another influencing factor is the regulations that need to be streamlined which in turn can lead to the development of the new and improved products resulting in new opportunities in the application areas with a potential boost in the market size. The need for cooperation between the materials suppliers and the manufactures of medical implants is required in order to achieve major developments (paired economies ). Biomaterials products are expensive; an improvement in performance will justify the higher pricing and expend the market size. The current economic downturn did impact negatively the implant manufacturing component, however the poor state of economy influencing the timing of surgeries is expected to wane gradually.
The global market for biomaterials is expected to reach $64billion in 2015 from $25 billions in 2008. The increase in aging population and life expectancy worldwide with a great need for implant and graft procedures is generating a healthy demand for biomaterials production (constant opportunities to create value). Furthermore 20% of the global population is expected to be over 60 years in 2050.
In conclusion the biomaterials industry can be considered a profitable market for the following reasons: * Threat of entry is relative low (highly specialized and costly). * High price sustained by need for innovation and merging technologies as applied in clinical settings. * Potential growth for margins of earnings due to ever-increased demand in biomaterials and technological applications (aging population with respective medical needs). Saurce: https://www.linkedin.com/today/post/article/20140626093633-221228539-biomaterials-market-report

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