BIOMATERIAL COATING MARKET ANALYSIS
Different types of biomaterial are used for different application. Among metallic types of biomaterials, gold, stainless steel, cobalt-chrome alloys, silver, titanium & titanium alloys, and platinum. Polymer biomaterial coating includes polyethylene, polyvinyl chloride, polymethylmethacrylate, polyester, nylon, silicone rubber and polyetheretherketone. The ceramic type of biomaterials include glass, zirconia, calcium sulfate, calcium phosphate, carbon and aluminum oxide. The collagen & gelatin, cellulose, hyaluronic acid, alginate, fibrin, chitin and silk type of biomaterial comes under natural type of biomaterials. Metallic segment accounts for larges market share, owing to its wide application and relatively easy processing.
The growth factors behind the increasing biomaterial coating industry are government support, technological advancements, increased research, rising number of implantation which is supported by increasing population.
Biomaterials coating market is projected to witness double-digit compound annual growth rate during the forecast period (2017-2024). The North America region holds the largest share of the worldwide biomaterials market, followed by Europe and Asia Pacific, respectively.
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