Global Biomaterial Testing Equipment Market 2017-2021

This industry research report identifies Illinois Tool Works, MTS Systems, Shimadzu, and Zwick Roell as the key vendors in the global biomaterial testing equipment market. This industry research report also presents a comprehensive analysis of the market by application (cardiovascular, orthopedic, dental, ophthalmology, and others) and by geography (APAC, Europe, North America, and ROW).

Overview of the global biomaterial testing equipment market

Technavio's market study identifies the growth in healthcare sector as one of the primary growth factors for the biomaterial testing equipment market. The growth of the healthcare industry will influence the demand for medical devices for cardiovascular and neurological ailments, wound healing, bone cancer, and tissue damage. The increase in aging population and the rising need for medical services induce the rise in number of hospitals. This will consequently influence the demand for medical devices such as biomaterial testing equipment. Our market research analysts estimate that this market will generate a revenue of around USD 300 million by 2021.

The changing lifestyle and the prevalence of unhealthy lifestyle results in several severe illnesses such as metabolic diseases, joint and skeletal problems, cardio-vascular diseases, obesity, hypertension, and arthritis. Malnutrition, unhealthy diet, alcohol consumption, drug abuses, smoking, and stress are some of the major factors unhealthy lifestyle. The rising number of cardio diseases contributes to the rise in number of angioplasty and stents. Our market research report identifies the growing health concerns as one of the major trends that will contribute to the growth of the biomaterial testing equipment market.

Competitive landscape and key vendors

The biomaterial testing equipment market is moderately concentrated due to the presence of few key players offering a wide product portfolio. Regional and local players are competing with the large players by offering application-specific products. Global players dominate the biocompatibility testing equipment market in terms of quality, reliability, durability, and technological innovations. Biomaterial testing equipment vendors are investing heavily to expand their geographical presence and offer advanced product portfolio.

The leading vendors in the market are

• Illinois Tool Works
• MTS Systems
• Shimadzu
• Zwick Roell

The other prominent vendors in the market are ADMET, AMETEK, Applied Test Systems, CellScale, Intertek Group, and Rheolution.

Segmentation by application and analysis of the biomaterial testing equipment market

• Cardiovascular
• Orthopedic
• Dental
• Ophthalmology

The widespread prevalence of cardiovascular diseases among a large section of the population are demanding for technological advancements and innovative techniques to treat cardiovascular diseases. Biomaterials are significantly in the cardiovascular segment in medical devices, contributing to the growth of the biocompatibility testing equipment market.

Geographical segmentation and analysis of the biomaterial testing equipment market

• APAC
• Europe
• North America
• ROW

The growing healthcare segment, aging population, and large population segment in North Americas? suffering from cardiovascular diseases and orthopedic problems, contribute to the demand for implantable medical devices that incorporate biomaterials. North Americas will be the major revenue contributor to the biocompatibility testing equipment market.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global biomaterial testing equipment market?
• What are the key market trends impacting the growth of the global biomaterial testing equipment market?
• What are the challenges to market growth?
• Who are the key vendors in the global biomaterial testing equipment market?
• What are the market opportunities and threats faced by the vendors in the global biomaterial testing equipment market?
• Trending factors influencing the market shares of the APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global biomaterial testing equipment market?

Technavio also offers customization on reports based on specific client requirement.

Biomaterial test equipment is used for orthopedic, cardiovascular, dental, tissue engineering, wound healing, plastic surgery, and ophthalmic procedures. A thorough data collection methodology is followed by our market research reports for the heavy industry sector to offer an analysis of fast growing market segments like test and measurement. This upcoming industry research report on the global biomaterial testing equipment market offers insights into the key trends and developing drivers influencing the growth of the test and measurement industry.

The market research experts at Technavio take into account the market forecast, market size, and increasing demand for various test and measurement products and services and also offers an all-inclusive picture of the global biomaterial testing equipment market for the estimated period of 2017-2021. Additionally, our research practices help clients develop active growth strategies and keep pace with the frequently changing market landscape.

As per our market research experts, increased adoption of biomaterials and growing prevalence of cardiovascular diseases may influence the demand for biomaterial testing equipment across the globe. This upcoming market research report on the global biomaterial testing equipment market also covers vendors like Presto, ADMET, CellScale, and AZoM. Furthermore, to offer clients the scope to identify probable market opportunities and expand in niche markets, this report on the global biomaterial testing equipment market also covers geographies like the Americas, APAC, and EMEA.

The upcoming industry research report for global biomaterial testing equipment market also categorizes the key drivers, major trends, as well as the limitations that the test and measurement sector currently experiences. It also presents insights into the rapidly changing competitive scenario to give clients a realistic picture of the forthcoming events within the heavy industry segment. Technavio also provides deep-dive market assessments into the sectors such as tools and components and engineering tools.

Our market research methodology for the biomaterial testing equipment market

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.