Biomaterial Testing Equipment Market by Application and Geography - Forecast and Analysis 2022-2026

Published: Oct 2022

Pages: 143

SKU: IRTNTR74661

Snapshot

The biomaterial testing equipment market share is expected to increase by USD 60.63 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 3.82%.

This biomaterial testing equipment market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the biomaterial testing equipment market segmentation by application (orthopedic, cardiovascular, dental, ophthalmology, and others) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The biomaterial testing equipment market report also offers information on several market vendors, including ADMET Inc., AMETEK Inc., Applied Test Systems, CellScale, Fluke Corp., Illinois Tool Works Inc., Intertek Group Plc, Nordson Corp., Presto Group, Rheolution Inc., Rtec Instruments, Shimadzu Corp., TA Instruments, TestResources Inc., World Precision Instruments, and ZwickRoell GmbH & Co. KG among others.

What will the Biomaterial Testing Equipment Market Size be During the Forecast Period?

Download Report Sample to Unlock the Biomaterial Testing Equipment Market Size for the Forecast Period and Other Important Statistics

Biomaterial Testing Equipment Market: Key Drivers, Trends, and Challenges

The research studied the historical data considered for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the global biomaterial testing equipment market.

Key Biomaterial Testing Equipment Market Driver

The growing global healthcare industry is one of the key factors driving the global biomaterial testing equipment market growth. The healthcare sector worldwide is witnessing significant growth every year due to the aging of the population. Many companies are investing in the sector to meet the rising need for innovative and alternative approaches to treating health issues. Innovative medical devices are entering the market to diagnose and perform surgeries more efficiently, thereby reducing the cost burden on consumers. The growth in the aged population and the need for medical services have led to an increase in the number of hospitals. The rise in the construction of hospitals to meet the growing need for healthcare services will spur the demand for medical devices, thereby driving the demand for biomaterial testing equipment. Investments in the healthcare sector globally are expected to propel the demand for medical devices, thereby driving the growth of the global biomaterial testing equipment market during the forecast period.

Key Biomaterial Testing Equipment Market Trend

The advances in biomaterial technology will fuel the global biomaterial testing equipment market growth. 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; 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. The major applications of 3D printing are orthopedics, organs, and medical devices. The use of 3D printing in the medical devices industry is expected to witness exponential growth during the forecast period as it has unlimited applications. 3D printing is used to create devices that were very difficult to create earlier. It also helps in reducing tooling costs, and increases lead time. Advances in biomaterial technology will directly influence the growth in the demand in the biomaterial testing equipment market during the forecast period.

Key Biomaterial Testing Equipment Market Challenge

The high investments in the R&D of new biomaterial products are the major challenges to the global biomaterial testing equipment market growth. The use of advanced materials is also essential in applications such as orthopedic devices. The rising need for these advanced materials puts pressure on manufacturers to introduce innovative technologies and devices to meet the needs of consumers/patients. For instance, to fabricate a new orthopedic device, engineers develop new surfaces for implants to extend the performance, biocompatibility, and longevity and reduce the wear and tear on the implant. Researchers have explored vitamin E cross-linked polyethylene as a potential material for implants, which offers high resistance to oxidation. R&D investments are also increasing in the coatings for biomaterials such as metals, plastic, or polycarbon materials. These coatings help in enhancing the physical properties of the implants or medical devices. Such high investments in R&D are necessitated due to the need for regulatory compliance, which proves expensive for manufacturers. This poses a barrier to the growth of the biomaterials market, which will directly affect the growth of the global biomaterial testing equipment market during the forecast period.

This biomaterial testing equipment market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global biomaterial testing equipment market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the biomaterial testing equipment market during the forecast period.

Who are the Major Biomaterial Testing Equipment Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

This statistical study of the biomaterial testing equipment market encompasses successful business strategies deployed by the key vendors. The biomaterial testing equipment market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

admet.com - The company offers biomaterial testing equipment such as eXpert 7600, eXpert 2600, and eXpert 5000.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The vendor profiles are designed to help clients improve their market position, and information on production and sustainability along with this the report provides a detailed analysis of several leading Companies.

Biomaterial Testing Equipment Market Value Chain Analysis

Our In-house experts produce extensive information on the value chain and parent market of the biomaterial testing equipment market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.

The value chain of the global industrial machinery market includes the following core components:

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Biomaterial Testing Equipment Market?

For more insights on the market share of various regions Request PDF Sample now!

37% of the market’s growth will originate from North America during the forecast period. The US is the key market for biomaterial testing equipment market in North America. Market growth in this region will be slower than the growth of the market in other regions.

The growing global healthcare industry will facilitate the biomaterial testing equipment market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID-19 Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 severely affected economic growth in North America. COVID-19-induced lockdowns in various countries in North America resulted in the closure of various industries, including those operated by manufacturers of various medical consumables and equipment, such as biomaterial testing equipment. However, the lockdown restrictions were relaxed in the second half of 2020 owing to large-scale vaccination programs initiated across North America. This led to the resumption of production in manufacturing facilities, including those for biomaterial testing equipment, in the first half of 2021. Such factors are expected to drive the growth of the biomaterial testing equipment market in North America during the forecast period.

What are the Revenue-generating Application Segments in the Biomaterial Testing Equipment Market?

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The biomaterial testing equipment market share growth in the Orthopedic segment will be significant during the forecast period. The biomaterials used in orthopedic applications comprise materials that interact with human tissue or body fluids to improve or replace an anatomical element in the body. These biomaterial devices are called implants. The growing number of patients suffering from bone disorders, hip, knee, or spine-related issues is expected to spur the demand for orthopedic implants, thereby driving the demand for biomaterials. This, in turn, is expected to propel the growth of the global biomaterial testing equipment market during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the biomaterial testing equipment market size and actionable market insights on the post-COVID-19 impact on each segment.

Biomaterial Testing Equipment Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 3.82%
Market growth 2022-2026	$60.63 million
Market structure	Fragmented
YoY growth (%)	3.38
Regional analysis	North America, Europe, APAC, South America, and the Middle East and Africa
Performing market contribution	North America at 37%
Key consumer countries	US, China, Japan, Germany, and UK
Competitive landscape	Leading companies, Competitive Strategies, Consumer engagement scope
Key companies profiled	ADMET Inc., AMETEK Inc., Applied Test Systems, CellScale, Fluke Corp., Illinois Tool Works Inc., Intertek Group Plc, Nordson Corp., Presto Group, Rheolution Inc., Rtec Instruments, Shimadzu Corp., TA Instruments, TestResources Inc., World Precision Instruments, and ZwickRoell GmbH & Co. KG
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Biomaterial Testing Equipment Market Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive biomaterial testing equipment market growth during the next five years
Precise estimation of the biomaterial testing equipment market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the biomaterial testing equipment industry across North America, Europe, APAC, South America, and the Middle East and Africa
A thorough analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of biomaterial testing equipment market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

5.1 Market segments
- Exhibit 24: Chart on Application - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Application - Market share 2021-2026 (%)

5.2 Comparison by Application
- Exhibit 26: Chart on Comparison by Application
- Exhibit 27: Data Table on Comparison by Application

5.3 Orthopedic - Market size and forecast 2021-2026
- Exhibit 28: Chart on Orthopedic - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Orthopedic - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Orthopedic - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Orthopedic - Year-over-year growth 2021-2026 (%)

5.4 Cardiovascular - Market size and forecast 2021-2026
- Exhibit 32: Chart on Cardiovascular - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Cardiovascular - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Cardiovascular - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Cardiovascular - Year-over-year growth 2021-2026 (%)

5.5 Dental - Market size and forecast 2021-2026
- Exhibit 36: Chart on Dental - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Dental - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Dental - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Dental - Year-over-year growth 2021-2026 (%)

5.6 Ophthalmology - Market size and forecast 2021-2026
- Exhibit 40: Chart on Ophthalmology - Market size and forecast 2021-2026 ($ million)
- Exhibit 41: Data Table on Ophthalmology - Market size and forecast 2021-2026 ($ million)
- Exhibit 42: Chart on Ophthalmology - Year-over-year growth 2021-2026 (%)
- Exhibit 43: Data Table on Ophthalmology - Year-over-year growth 2021-2026 (%)

5.7 Others - Market size and forecast 2021-2026
- Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)

5.8 Market opportunity by Application
- Exhibit 48: Market opportunity by Application ($ million)

6 Customer Landscape

6.1 Customer landscape overview
- Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
- Exhibit 50: Chart on Market share by geography 2021-2026 (%)
- Exhibit 51: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison
- Exhibit 52: Chart on Geographic comparison
- Exhibit 53: Data Table on Geographic comparison

7.3 North America - Market size and forecast 2021-2026
- Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.4 Europe - Market size and forecast 2021-2026
- Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.5 APAC - Market size and forecast 2021-2026
- Exhibit 62: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.6 South America - Market size and forecast 2021-2026
- Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 70: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.8 US - Market size and forecast 2021-2026
- Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)

7.9 Germany - Market size and forecast 2021-2026
- Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.10 UK - Market size and forecast 2021-2026
- Exhibit 82: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on UK - Year-over-year growth 2021-2026 (%)

7.11 China - Market size and forecast 2021-2026
- Exhibit 86: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 87: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 88: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 89: Data Table on China - Year-over-year growth 2021-2026 (%)

7.12 Japan - Market size and forecast 2021-2026
- Exhibit 90: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 91: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 92: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 93: Data Table on Japan - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography
- Exhibit 94: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges
- Exhibit 95: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape
- Exhibit 96: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption
- Exhibit 97: Overview on factors of disruption

9.4 Industry risks
- Exhibit 98: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
- Exhibit 99: Vendors covered

10.2 Market positioning of vendors
- Exhibit 100: Matrix on vendor position and classification

10.3 ADMET Inc.
- Exhibit 101: ADMET Inc. - Overview
- Exhibit 102: ADMET Inc. - Product / Service
- Exhibit 103: ADMET Inc. - Key offerings

10.4 AMETEK Inc.
- Exhibit 104: AMETEK Inc. - Overview
- Exhibit 105: AMETEK Inc. - Business segments
- Exhibit 106: AMETEK Inc. - Key offerings
- Exhibit 107: AMETEK Inc. - Segment focus

10.5 CellScale
- Exhibit 108: CellScale - Overview
- Exhibit 109: CellScale - Product / Service
- Exhibit 110: CellScale - Key offerings

10.6 Fluke Corp.
- Exhibit 111: Fluke Corp. - Overview
- Exhibit 112: Fluke Corp. - Product / Service
- Exhibit 113: Fluke Corp. - Key offerings

10.7 Illinois Tool Works Inc.
- Exhibit 114: Illinois Tool Works Inc. - Overview
- Exhibit 115: Illinois Tool Works Inc. - Business segments
- Exhibit 116: Illinois Tool Works Inc. - Key offerings
- Exhibit 117: Illinois Tool Works Inc. - Segment focus

10.8 Intertek Group Plc
- Exhibit 118: Intertek Group Plc - Overview
- Exhibit 119: Intertek Group Plc - Business segments
- Exhibit 120: Intertek Group Plc - Key news
- Exhibit 121: Intertek Group Plc - Key offerings
- Exhibit 122: Intertek Group Plc - Segment focus

10.9 Nordson Corp.
- Exhibit 123: Nordson Corp. - Overview
- Exhibit 124: Nordson Corp. - Business segments
- Exhibit 125: Nordson Corp. - Key news
- Exhibit 126: Nordson Corp. - Key offerings
- Exhibit 127: Nordson Corp. - Segment focus

10.10 Presto Group
- Exhibit 128: Presto Group - Overview
- Exhibit 129: Presto Group - Product / Service
- Exhibit 130: Presto Group - Key offerings

10.11 Shimadzu Corp.
- Exhibit 131: Shimadzu Corp. - Overview
- Exhibit 132: Shimadzu Corp. - Business segments
- Exhibit 133: Shimadzu Corp. - Key news
- Exhibit 134: Shimadzu Corp. - Key offerings
- Exhibit 135: Shimadzu Corp. - Segment focus

10.12 ZwickRoell GmbH and Co. KG
- Exhibit 136: ZwickRoell GmbH and Co. KG - Overview
- Exhibit 137: ZwickRoell GmbH and Co. KG - Product / Service
- Exhibit 138: ZwickRoell GmbH and Co. KG - Key offerings

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist
- Exhibit 139: Inclusions checklist
- Exhibit 140: Exclusions checklist

11.3 Currency conversion rates for US$
- Exhibit 141: Currency conversion rates for US$

11.4 Research methodology
- Exhibit 142: Research methodology
- Exhibit 143: Validation techniques employed for market sizing
- Exhibit 144: Information sources

11.5 List of abbreviations
- Exhibit 145: List of abbreviations

in manufacturing industry: Market dynamics in some major process and discrete industries are changing drastically, and manufacturers are gradually feeling the brunt of excessive demand fluctuations. The fluctuating prices of oil and gas and metals in the global market and the shortage of a skilled workforce worldwide have directly affected the profitability of manufacturing companies. A sudden and unexpected shift in market dynamics can drastically impact manufacturing processes and investments in capital goods.

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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