Published on : Nov 02, 2016
ALBANY, NY, Nov 02, 2016: The research report, titled “Global Bioactive Materials Market 2016-2020,” explains the various factors that are responsible for the growth of the overall market. Researchers have also included an assessment of the restraints hampering the global bioactive materials market. The document has been put together using primary and secondary research methodologies. The information has been curated from journals, conferences, interviews, magazines, and other trustworthy sources.
According to the research report, the global bioactive materials market is expected to progress at a CAGR of 13.42% during the forecast years of 2016 and 2020. The market is likely to be driven by growing investments in cancer research due to the high prevalence of cancer across the globe. Analysts anticipate that the overall market will be driven due to rising pool of geriatrics. The high incidence of organ failure and significant reduction in clinical costs with bioengineered transplants as compared to organ-procures transplants are also projected to propel the market.
Emerging trends such as growing medical tourism industry in Asia Pacific is also likely to bolster the demand for bioactive materials in the near future. Rapid urbanization and increasing per capita expenditure on healthcare have also played a significant part in offer the global market lucrative opportunities. On the other hand, the market is likely to face certain challenges as well. The strict regulatory environment and poor rate of adoption of bioactive materials in Asia Pacific are the two key factors hampering the growth of the overall market. Furthermore, the high cost of technologies and growth of distribution channels are also likely to be major impediments for the global market in the near future.
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The global bioactive market has been segmented on the basis of product into bioactive glass, glass-ceramics, and ceramics, composites, and coatings. On the basis of end user, the market is segmented into the medical sector, dentistry sector, cosmetic sector, and others. Geographically, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World. The researchers have used a SWOT analysis to analyze the strengths, weaknesses, opportunities, and threats influencing these segments.
Some of the key players operating in the global bioactive materials market are DePuy Synthes, Kyocera, Medtronic, Stryker, and Zimmer Biomet. Researchers have profiled these top players and provided a thorough analysis of the competitive landscape present in the market. The research report offers a comprehensive overview of the business and marketing strategies along with an evaluation of the financial outlook and expansion plans. Additionally, the researchers have also included comments and recommendations from market leaders to help the current and new players make the best of the existing market dynamics.
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