Global Biomaterials Market to See Strong Growth and Business Scope

The global biomaterial market is growing at a significant rate, due to increasing healthcare expenditure, growing geriatric population and increasing incidence of cardiovascular diseases. The technological advancement in biomaterials, growing demand of implantable devices, and increasing incidence of hip and knee replacements are also driving the growth of the global biomaterial market. However, factors such as strict regulatory requirements for approval of biomaterials and limitations of biomaterials are inhibiting growth of the market globally.

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Biomaterial is a nonviable material used in medical devices or during interaction with biological systems. It is an essential material used for medical applications to substitute a part or a function of body in reliable, safe, and physiologically acceptable method. It poses properties such as biocompatibility, high corrosion resistance, adequate strength, and biofunctionality. Some of the commonly used biomaterials include cellulose, silicone rubber, collagen, titanium, stainless steel, polyurethanes, poly (methyl methacrylate) and hydrogels. The emergence of innovative biomaterial products and advances in technology has improved biomaterials applications and performance.

Geographically, North America dominated the global market of biomaterial in 2015. Asia-Pacific is expected to witness the fastest growth, a CAGR of 18.3% during the forecast period. This is due to increasing geriatric population, increasing healthcare expenditure, increasing research & development, and growing incidence of cardiovascular diseases in the region.

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Some of the key companies operating in the global biomaterial market include Wright Medical Technology Inc., Corbion N.V., Royal DSM, Zimmer Biomet Holdings Inc., Collagen Matrix Inc., Berkeley Advanced Biomaterials Inc., and Cam Bioceramics BV.

Source: P&S Intelligence

Know Huge Business Opportunities in Aromatherapy Market Forecast 2025

Global aromatherapy market is expected to attain revenue of $2.3 billion by 2025. The market is mainly driven by rising awareness about the therapeutic use of essential oils, increasing consumer preference toward natural products, growing use of aromatherapy at-home, and increasing prevalence of lifestyle diseases.

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The market for aromatherapy in topical application is expected to witness fastest growth at a CAGR of 9.8% during the forecast period, as essential oils can be diluted in a cream or carrier oil and applied as required to the concerned area of the body.

The global market is projected to witness the fastest growth in the relaxation application area, recording a CAGR of 10.8% during the forecast period, mainly due to the increasing number of people suffering from anxiety and stress.

In order to increase the market share, key players in the aromatherapy industry are developing and introducing new products. For instance, in April 2018, Plant Therapy Essential Oils launched an exclusive and limited edition of Mother’s Day set, Dear Mom set. This set includes various products that complete the need of mothers, for relaxing and unwinding. Additionally, it includes Forever Mom synergy blend to promote relaxation and reduces tensions and worries.

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In March 2018, Plant Therapy Essential Oils launched three new essentials oils, Bergamot Mint, Caraway Seed CO2, and Cubeb, to expand their extensive line of pure and natural essential oils. The company added these exclusive products, which are expected to delight customers with more options related to these products.

Some of the other key players operating in the aromatherapy industry are dōTERRA International LLC, Young Living Essential Oils, Mountain Rose Herbs, Edens Garden, Rocky Mountain Oils LLC and Frontier Co-op.

Source: P&S Intelligence

Laboratory Filtration Market Insights, Share, Key Players Analysis and Forecast by 2023

The global laboratory filtration market is expected to reach $3.5 billion by 2023. The market is mainly driven by the increasing use of laboratory filtration products in the food and beverage industry, introduction of technologically advanced products, increasing research activities in pharmaceutical and biopharmaceutical industries, and surge in the adoption of filtration products in clinical laboratories.

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Based on product, the laboratory filtration market has been categorized into filtration media, filtration assemblies, and filtration accessories. During the forecast period, the market is expected to witness the fastest growth in the category of filtration assemblies, exhibiting a CAGR of 7.7%. Filtration assemblies have been sub-categorized into microfiltration, ultrafiltration, reverse osmosis, vacuum filtration, and others. Among these, microfiltration assemblies held the largest share, amounting to 37.2%, in the laboratory filtration assemblies market in 2017.

On the basis of technology, the laboratory filtration market has been categorized into microfiltration, ultrafiltration, reverse osmosis, nanofiltration, vacuum filtration, and others. Among these, the fastest growth in the market during the forecast period is expected from the nanofiltration technology, with 10.4% CAGR.

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In order to increase their market share, key players in the laboratory filtration industry are developing and introducing new products. For instance, in February 2018, Merck KGaA launched Viresolve barrier capsule filters to reduce the risk of bioreactor contamination. Viresolve barrier filters are designed to remove viruses, mycoplasma, and bacteria from cell culture media.

Some of the other key players operating in the laboratory filtration market are General Electric Company, Cantel Medical Corporation, Thermo Fisher Scientific Inc., Danaher Corporation, 3M Company, Sartorius AG, and MACHEREY-NAGEL GmbH & Co. KG.

Source: P&S Intelligence

Microbial Identification Industry Top Manufactures, Segment and Key Players Analysis Report 2022

The microbial identification market size is projected to reach $1.4 billion by 2022, growing at a CAGR of 6.0% between 2016-2022. The increasing incidence of infectious diseases, increasing healthcare spending, increasing food safety concerns, and technological advancement in microbial identification are driving the growth of the market.

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Traditional identification techniques require subculture on selective medium, gram staining or biochemical testing and colony isolation, which are time consuming and require intensive effort. The advances in technology have made detection and microbial identification more specific, faster, sensitive and convenient, than traditional assays.

The rapid identification of microorganisms in clinical microbiology laboratory for infections caused by virus, fungi, mycobacterium, parasites and bacteria are needed for patient management for infections. Genotypic microbial identification provides technological advancement in the field of microbial identification. The new methods are rapid, provide high throughput time, and cost are effective. MALDI-TOF method is the widely accepted method due to rapid results, and low consumable cost. It is compatible with large range of culture media and culture conditions. The test only requires a single colony and minimal consumables are required.

North America dominated the microbial identification market, due to increasing awareness about infectious diseases in the region, increasing healthcare expenditure leading to more research and development activities, and technological advancements with advent of innovative products. Furthermore, increasing food safety concerns and development of healthcare infrastructure is expected to drive the market growth.

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The key companies operating in the microbial identification market include Becton, Dickinson and Company, Danaher Corporation, Siemens AG, Shimadzu Corporation, BioMerieux SA, Thermo Fisher Scientific Inc., Qiagen N.V., Midi Inc, Charles River Laboratories Inc., Biolog Inc. and Bruker Corporation.

Source: P&S Intelligence

Medical Gases and Equipment Market Trends, Segment Analysis, Growth Drivers and Future Scope

The home healthcare segment in the global medical gases and equipment market is expected to witness the fastest growth, a CAGR of 8.4% during the forecast period.

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The global medical gases and equipment market is growing at a significant rate due to growing geriatric population, increasing prevalence of lifestyle associated diseases, and increasing demand of home healthcare. The technological advancement and increasing incidence of respiratory diseases is also driving the growth of the global medical gases and equipment market. However, the factors such as shortage of helium and changes in medical gas calibration standards are inhibiting the growth of the market globally.

Medical gases are the lifesaving system in hospitals that enables healthcare professionals to provide better and safer patient care. It is supplied with the help of medical gas system, which assembles supply piped nitrogen, oxygen, medical air, carbon dioxide and nitrous oxide. The medical gas systems are used in hospital areas, such as operating room, recovery room, and patient room.

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Some of the key companies operating in the global medical gases and equipment market include Air Products and Chemicals Inc., Linde Group, Air Liquide, Medical Gas Solutions, BeaconMedaes, Matheson Tri-Gas Inc., Taiyo Nippon Sanso Corporation, and Praxair Technology Inc.

Source: P&S Intelligence