Global Biomaterials Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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Global Biomaterials Market Overview:
“The global Biomaterials Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The global biomaterials market report has been segmented on the basis of type of material, application, and region.
Biomaterial is any substance or combination which may be synthetic or natural in origin. The study of biomaterials is known as biomaterials science, which consists of elements such as biology, medicine, chemistry, and tissue engineering.
These biomaterials are used to interact with biological systems for medical purposes and treatments of cardiovascular, dental, orthopaedic, and neurological disorders.
They are used in biomaterials science is also implemented in various advanced medical technologies such, tissue engineering, plastic surgery, drug delivery devices, and other medical implants.
Increasing geriatric population, rising prevalence of cardiovascular, neurological, & orthopaedic disorders, and heavy funding by government organizations to launch new products are major factors expected to drive growth of the global biomaterials market.
In addition, increasing awareness regarding the advantages of biomaterials products coupled with increasing production of implantable products are some other factor expected to drive growth of the global target market.
Furthermore, rising number of hip and knee replacement procedures among old age people, growing orthopaedics and neurology disorders are some of the other factors expected to drive revenue growth of the global biomaterials market.
However, high cost of biomaterial production is the major factors expected to restraint growth of the global target market.
North America market is estimated to account for highest revenue share in the global biomaterials market over the forecast period, due to rising biomaterial-based research and increasing demand for plastic surgeries in the countries in the region.
Asia Pacific market is expected to account for the second-highest revenue share in the global biomaterials market, due to growing incidence of cancer and the rising prevalence of cardiovascular diseases in the countries in the region.
The market in Europe is projected to register fastest growth rate in terms of revenue due to increasing awareness on biomaterials in the countries in the region. Moreover, the markets in Latin America and Middle East & Africa are expected to register moderate growth rate over the forecast period.
Revenue from the market in Middle East & Africa is projected to register a CAGR of X.X% in the global biomaterials market over the forecast period.
Global Biomaterials Market Segmentation:
By type of material:
- Stainless Steel
- Titanium & Titanium Alloys
- Cobalt-Chrome Alloys
- Calcium Phosphate
- Aluminium Oxide
- Calcium Sulphate
- Polymethylmethacrylate (PMMA)
- Polyvinyl Chloride
- Silicone Rubber
- Polyetheretherketone (PEEK)
- Polylactic Acid
- Other Polymeric Biomaterials (includes Poly Glycolic Acid, and Poly (Lactide-Coglycolide, etc.)
- Natural Biomaterials
- Hyaluronic Acid
- Plastic Surgery
- Wound Healing
- Tissue Engineering
- Neurological Disorders
- Other Applications (includes Drug Delivery Systems, Gastrointestinal Application, Bariatric Surgery, Urinary Applications, etc.)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Koninklijke DSM N.V.
- BASF SE
- Corbion N.V.
- Invibio Ltd.
- Carpenter Technology Corporation
- Evonik Industries AG
- Berkeley Advanced Biomaterials, Inc.
- CAM Bioceramics BV
- Celanese Corporation
- AdvanSource Biomaterials Corporation
- Biomet, Inc.
- Orthofix Holdings, Inc.
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