Monday, December 28, 2009

$39 Billion Global Market for Smart Biomaterials to Reach $65 Billion by 2015 Says EU Report-Nanotechnology Impact Expected Following Lengthy Clinical Trials

The $39.6 billion (€27.6 billion) 2006 global smart biomaterials market reached $47 billion in 2009 and is forecast to surpass $65 billion (€45.5 billion) by 2015, reflecting an annual growth rate of about 6.7%. Nanomaterials are expected to have a growing presence in this market, but only after lengthy clinical trials, according to the recently released report, “Roadmaps in Nanomedicine Towards 2020.”  The global market for smart biomaterials is expected to grow to $113 billion (€78.8 billion) by 2025.

The Roadmaps table estimates the expected market size for smart biomaterials for each disease ranked by research complexity.  Since most of these diseases are age-related they are projected to grow with the increase of senior citizen population.  The smart biomaterials market is expected to have a global value in 2020 of $90 billion (€62.6 billion).

Table in Millions of Euros. 1 Euro = $1.43
Source: Nanomedicine ETP, Roadmaps in Nanomedicine Towards 2020"

The table below fills in the gaps in the Roadmaps table to make totaling easier. The table is in millions of Euros except for the total rows which are presented in euros (€) and dollars ($).

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