Biomaterials Market

23 May

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Biomaterials Market Poised to Grow at a CAGR of 11.5% by 2024

  • By admin

  • January, 1970

Infinium Global Research has added a new report on Biomaterials Market. The report presents analysis of global as well as regional markets of biomaterials market over the period of 2016 to 2024. A biomaterial is any substance that has been engineered to interact with biological systems for a medical purpose either a therapeutic (treat, augment, repair or replace a tissue function of the body) or a diagnostic one. These materials are used to interrelate with biological systems for medical purposes and treatments of dental, neurological disorders, cardiovascular and cardiovascular. The study of biomaterials is known as biomaterials science and this can be applied in various advanced medical technologies such plastic surgery, tissue engineering, drug delivery devices, and other. Uses of biomaterial are finding importance in the research on biomineralization, biomolecules and biomed engineering.

Major factors driving the growth of biomaterials market are raising number of hip and knee replacement procedures among old age people, growing orthopedic and neurology disorders, technological advancements growing demand for biomaterials in plastic surgery and wound healing applications worldwide. Additionally, funds & allowances by government bodies to launch new products globally, impulsive growth anticipated for wound healing applications and plastic surgery, growing increase consciousness about the advantages of biomaterials products, and developments in medical technology are also boosting the growth of this market. On the other hand factors such as incidence of inflammatory responses due to compatibility issues, high cost of biomaterial production and difficulties connected with the use of these products are hampering the growth of biomaterials market. Increasing investments for material research is anticipated to create better opportunities for the biomaterial market.

 

In terms of geographic, North America holds the largest market share in global biomaterials market followed by Europe and Asia Pacific. The growth in North America region is owing to increasing biomaterial-based research; growing investments by the government in biomaterials market, high healthcare expenditure, and increase in aged population are some of the factors driving the growth in this region. Furthermore, Europe region is driven by government support for research & development and availability of funds for research. In addition, the factors responsible for the growth in Asia Pacific region is due to increasing healthcare expenditure, improved lifestyle, and introduction of biomaterials in cancer research in emerging countries such as India, and China will help the Asia-Pacific biomaterials market to grow. Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global biomaterials market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.

 

 

Get 15% discount for early purchase of global biomaterials market report by clicking the following link, Use code IGRD15 to request the discount in the given form

 

https://www.infiniumglobalresearch.com/reports/request-discount/1499

 

The recent report identified that North America dominated the global biomaterials market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the biomaterials market worldwide.

 

The report segments the global biomaterials market on the basis of Type and Application.

 

Global Biomaterials Market by Type

·         Metallic

·         Polymeric

·         Ceramic

·         Natural

 

Global Biomaterials Market by Application

·         Cardiovascular

·         Dental

·         Orthopedic

·         Wound Healing

·         Plastic Surgery

·          Ophthalmology

·         Tissue Engineering

·         Neurological Disorders

·         Drug Delivery Systems

 

Companies Profiled in the Report

·         AdvanSource Biomaterials Corporation

·         Biomet, Inc.

·         Celanese Corporation

·         Ceradyne, Inc.

·         Collagen Matrix, Inc.

·         Corbion Purac

·         DuPont Inc

·         Evonik Industries AG

·         Invibio, Inc.

·         Orthofix Holdings, Inc.

 

About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.

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