Biomaterial Testing Equipment Market to grow at a CAGR of 3.3% during 2024-2028
The Biomaterial Testing Equipment Market is expected to grow at a CAGR of 3.3% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 51.3 million. In the dynamic landscape of biomedical technology, 3D printing has emerged as a game-changer, revolutionizing the manufacturing process for dental and medical devices. This cutting-edge technology offers significant benefits, including cost-effectiveness, efficiency, and customization, making it an ideal solution for producing a wide range of medical devices. Key applications include orthopedics, where it is utilized for creating cartilage and bone replacement parts; organ fabrication, enabling the production of blood vessels for grafting and replacement organs like kidneys and livers; and medical devices, which include developing prototypes, implants (orthopedic and dental), prosthetics, tissue engineering, and dental products (crowns, inlays, and veneers for teeth).
Get more information on Biomaterial Testing Equipment Market by requesting a sample report
Technavio analysts predict that the Orthopedic subsegment will lead the Application segment during 2024 and 2028 The global biomaterial testing equipment market is experiencing significant growth due to the increasing demand for orthopedic implants. Orthopedic biomaterials are essential in the medical industry as they interact with human tissue or body fluids to enhance or replace anatomical elements within the body. These biomaterial devices, commonly referred to as implants, are extensively used in the treatment of bone disorders, hip, knee, and spine-related issues. As a result, the rising patient population suffering from these conditions is expected to fuel the demand for orthopedic implants. In response, companies such as Instron, a subsidiary of Illinois Tool Works, provide a comprehensive range of mechanical testing equipment to ensure the quality and durability of these orthopedic medical devices. This includes endurance and fatigue testing of artificial hip implant prostheses (ISO 7206-4, 7206-6, and 7206-8), knee testing: fatigue of tibial trays for hip and knee implants, mechanical testing of spinal implants, and devices for testing spinal devices and others. The growing need for stringent regulatory compliance and quality assurance in the orthopedic implant industry is further driving the demand for advanced biomaterial testing equipment.
Here are the various ways based on which the market is segmented:
There are several factors that are causing the market to flourish growing global healthcare industry
Learn which are the obstacles that the market is experiencing in the way of its growth by accessing the free PDF report
The Biomaterial Testing Equipment Market is witnessing significant growth due to the increasing demand for personalized medicine and advanced medical implants. Materials engineering plays a crucial role in the biomedical industry, as the development of new biomaterials with optimal biological and physical properties is essential for creating effective medical devices and artificial biological products. Flexure Testing Machines, Fatigue Testing Machines, Torque Testing Machines, and Tensile Testing Machines are essential biomaterial testing equipment used to analyze the mechanical properties of materials. These machines help ensure the durability and reliability of medical implants, particularly in the context of chronic diseases such as cardio-vascular diseases and those affecting the geriatric population. Advancements in technology, including machine learning, the Internet of Things, predictive analytics, automation, and artificial intelligence, are transforming biomaterial testing. Non-contact type and contact type testing methods are used to analyze both the biological and physical properties of materials. Biological tissue analysis is another critical application of biomaterial testing equipment, as it helps assess the compatibility of materials with living tissue. The market for biomaterial testing equipment is expected to continue growing, driven by the increasing demand for patient care and the development of new medical devices and artificial biological products.
The industrial machinery and supplies and components market encompasses businesses involved in the manufacturing of industrial machinery, presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. According to Technavio's market analysis, the global industrial machinery and supplies and components market size is determined by the collective revenue generated by these manufacturers supplying equipment for industrial applications. Key growth drivers for this market include the increasing industrial output in process and discrete industries, fueled by expanding economies in developing countries, leading to capacity additions in sectors such as energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages.
The Biomaterial Testing Equipment Market is experiencing significant growth, fueled by the growing global healthcare industry. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Safe and Secure SSL Encrypted
One user only.
Quick & easy download option
Unlimited user access (Within your organization).
Complimentary Customization Included
*For Enterprise license, go to checkout page
Get the report (PDF) sent to your email within minutes.
