Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on the global biomaterials market provides an in-depth
analysis of segments and sub-segments in the global as well as regional global
biomaterials market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional global biomaterials
market over the short term as well as long term. The report is a comprehensive
presentation of trends, forecasts, and dollar values of the global biomaterials
market. According to the report, the global biomaterials market is projected to
grow at a CAGR of about 15% over the forecast period of 2021-2027.
The global Biomaterials Market was
valued at USD 155 Billion in 2021 and is expected to reach USD 353 Billion in
2027, with a CAGR of about 15% during the forecast period. 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 as plastic surgery, tissue
engineering, drug delivery devices, and others. Uses of biomaterial are finding
importance in the research on biomineralization, biomolecules, and Biomed
engineering.
Major factors driving the growth
of the biomaterials market are the rising 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 increased
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 the incidence of inflammatory responses due to
compatibility issues, the high cost of biomaterial production, and difficulties
connected with the use of these products are hampering the growth of the
biomaterials market. Increasing investments in material research are
anticipated to create better opportunities for the biomaterials market.
Based on the region, North America
holds the largest market share in the global biomaterials market followed by
Europe and the Asia-Pacific. The growth in the North American region is owing
to increasing biomaterial-based research; growing investments by the government
in the biomaterials market, high healthcare expenditure, and an increase in the
aged population are some of the factors driving the growth in this region.
Furthermore, the Europe region is driven by government support for research
& development and the availability of funds for research. In addition, the
factors responsible for the growth in the Asia-Pacific region is due to
increasing healthcare expenditure, improved lifestyle, and the introduction of
biomaterials in cancer research in emerging countries such as India, and China
will help the Asia-Pacific biomaterials market to grow.
The report on the global biomaterials
market covers segments such as type and application. On the basis of type, the
sub-markets include metallic, polymeric, ceramic, and natural. On the basis of
application, the sub-markets include cardiovascular, dental, orthopedic, wound,
healing, plastic surgery, ophthalmology, and tissue engineering.
The report provides profiles of
the companies in the market such as AdvanSource Biomaterials Corporation, Zimmer Biomet Inc., Celanese Corporation, Ceradyne,
Inc., Collagen Matrix, Inc., Corbion Purac, DuPont Inc, Evonik Industries AG,
Invibio, Inc., and Orthofix Holdings, Inc.
The report provides deep insights into the
demand forecasts, market trends, and micro and macro indicators. In addition,
this report provides insights into the factors that are driving and restraining
the growth in this market. Moreover, The IGR-Growth Matrix analysis given in
the report brings an insight into the investment areas that existing or new
market players can consider. The report provides insights into the market using
analytical tools such as Porter's five forces analysis and DRO analysis of the global biomaterials market. Moreover, the study highlights current market trends
and provides forecasts for 2021-2027. We also have highlighted future trends in
the market that will affect the demand during the forecast period. Moreover,
the competitive analysis given in each regional market brings an insight into
the market share of the leading players.
Please Choose One of them.