Freedonia Group, Inc.: U.S. Biocompatible Material Demand to Approach $3.7 Billion in 2010
U.S. Biocompatible Material Demand to Approach $3.7 Billion in 2010 CLEVELAND, OH — (MARKET WIRE) — November 14, 2006 — Demand for biocompatible materials in theU.S. will increase 6.6 percent annually to $3.7 billion in 2010. Based onquality, performance and cost advantages in
the broadest range ofapplications, synthetic polymers will continue to record more than half ofrevenues and post slightly better than average gains in demand. Ceramicswill realize the strongest growth among all biocompatible materials asadvances in the properties and processing ease of these compounds broadentheir uses in orthopedic implants, fixation devices, and dental repair andrestoration products. These and other trends are presented in”Biocompatible Materials,” a new study from The Freedonia Group, Inc., aCleveland-based industry market research firm.
Freedonia Group, Inc.
Biocompatibles study
Demand for synthetic biocompatible polymers will increase 6.8 percentannually. Based on quality and safety advantages in catheters, IVadministration sets, IV and blood containers, and orthopedic implants,engineered resins will provide the best growth opportunities. By contrast,demand for polyvinyl chloride in biocompatible products will expand at abelow average pace due to ongoing concerns about DEHP plasticizermigration.
Spurred by expanding applications in cosmetic surgery and wound management,hyaluronic acid and collagen will generate the fastest gains in demandamong natural polymers. Increasing use in pharmaceutical excipients, drugdelivery systems, cosmetic implants, tissue engineering and wound dressingswill boost demand for natural polymers. Hyaluronic acid and collagen willpost the strongest gains as new improved bioengineered formulations broadenapplications in cosmetic and orthopedic surgery as well as in woundmanagement.
Many implantable medical and dental devices will continue to be composedpartially or completely of biocompatible metals. Precious metals willsustain the largest demand value based on high price and widespread use indental repair and restoration products. However, reflecting advantages ofhigh strength, low modulus and strong body fluid resistance, titanium andtitanium alloys will provide the best growth opportunities. Newgenerations of alumina-zirconia nanocomposites are expected to see thestrongest growth in demand among biocompatible ceramics. Due to ahigh-density structure, these nanocomposites incorporate greater resistanceto cracking, an important advantage in dental and orthopedic products.
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